Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truetruefalse2023-01-17No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.30false 14596913 2023-01-16 14596913 2023-01-17 2024-03-31 14596913 2022-04-01 2023-01-16 14596913 2024-03-31 14596913 c:Director1 2023-01-17 2024-03-31 14596913 d:CurrentFinancialInstruments 2024-03-31 14596913 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14596913 d:ShareCapital 2024-03-31 14596913 d:RetainedEarningsAccumulatedLosses 2024-03-31 14596913 c:OrdinaryShareClass1 2023-01-17 2024-03-31 14596913 c:OrdinaryShareClass1 2024-03-31 14596913 c:OrdinaryShareClass2 2023-01-17 2024-03-31 14596913 c:OrdinaryShareClass2 2024-03-31 14596913 c:OrdinaryShareClass3 2023-01-17 2024-03-31 14596913 c:OrdinaryShareClass3 2024-03-31 14596913 c:OrdinaryShareClass4 2023-01-17 2024-03-31 14596913 c:OrdinaryShareClass4 2024-03-31 14596913 c:FRS102 2023-01-17 2024-03-31 14596913 c:AuditExempt-NoAccountantsReport 2023-01-17 2024-03-31 14596913 c:FullAccounts 2023-01-17 2024-03-31 14596913 c:PrivateLimitedCompanyLtd 2023-01-17 2024-03-31 14596913 6 2023-01-17 2024-03-31 14596913 e:PoundSterling 2023-01-17 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14596913










SHERWILL FORBES (HOLDINGS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
SHERWILL FORBES (HOLDINGS) LIMITED
REGISTERED NUMBER: 14596913

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Investments
 4 
453

  
453

Current assets
  

Debtors: amounts falling due within one year
 5 
1,400

Cash at bank and in hand
 6 
100

  
1,500

Creditors: amounts falling due within one year
 7 
(1,590)

Net current (liabilities)/assets
  
 
 
(90)

Total assets less current liabilities
  
363

  

Net assets
  
363


Capital and reserves
  

Called up share capital 
 8 
303

Profit and loss account
  
60

  
363


Page 1

 
SHERWILL FORBES (HOLDINGS) LIMITED
REGISTERED NUMBER: 14596913
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr T Spicer
Director

Date: 15 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SHERWILL FORBES (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Sherwill Forbes (Holdings) Limited is a private company limited by shares incorporated in England and Wales. The principal place of business is 28 Ashby Road, Towcester, Northamptonshire, NN12 6PG. The registered office is Moorgate House, 201 Silbury Boulevard, Milton Keynes, MK9 1LZ. 

The financial statements are prepared in GBP, which is also the functional currency, rounded to the nearest whole £1. 
The Company incorporated on 17 January 2023, the financial statements are therefore prepared for a long period from this date to 31 March 2024.
The principal activity of the Company for the period was that of a holding company. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis, based on the continued support of the Group, the directors and the shareholders. 

Page 3

 
SHERWILL FORBES (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
SHERWILL FORBES (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary
Page 5

 
SHERWILL FORBES (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
 

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the period was 3.

Page 6

 
SHERWILL FORBES (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
453



At 31 March 2024
453





5.


Debtors

2024
£


Amounts owed by group undertakings
1,400



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
100



7.


Creditors: Amounts falling due within one year

2024
£

Amounts owed to group undertakings
150

Accruals and deferred income
1,440

1,590


Page 7

 
SHERWILL FORBES (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary 'A' share of £1.00
1
1 Ordinary 'B' share of £1.00
1
1 Ordinary 'C' share of £1.00
1
300 Ordinary 'D' shares of £1.00 each
300

303


On incorporation, one of each of the above share classes were issued at par. 
On 31 March 2023, 299 further Ordinary 'D' shares were issued at par.

 
Page 8