Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-310truefalse2023-04-01falseNo description of principal activity2720The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02752159 2023-04-01 2024-03-31 02752159 2022-04-01 2023-03-31 02752159 2024-03-31 02752159 2023-03-31 02752159 c:Director2 2023-04-01 2024-03-31 02752159 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 02752159 d:Buildings d:LongLeaseholdAssets 2024-03-31 02752159 d:Buildings d:LongLeaseholdAssets 2023-03-31 02752159 d:MotorVehicles 2023-04-01 2024-03-31 02752159 d:MotorVehicles 2024-03-31 02752159 d:MotorVehicles 2023-03-31 02752159 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02752159 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02752159 d:FurnitureFittings 2023-04-01 2024-03-31 02752159 d:FurnitureFittings 2024-03-31 02752159 d:FurnitureFittings 2023-03-31 02752159 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02752159 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02752159 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02752159 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02752159 d:CurrentFinancialInstruments 2024-03-31 02752159 d:CurrentFinancialInstruments 2023-03-31 02752159 d:Non-currentFinancialInstruments 2024-03-31 02752159 d:Non-currentFinancialInstruments 2023-03-31 02752159 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02752159 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02752159 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02752159 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02752159 d:ShareCapital 2024-03-31 02752159 d:ShareCapital 2023-03-31 02752159 d:RetainedEarningsAccumulatedLosses 2024-03-31 02752159 d:RetainedEarningsAccumulatedLosses 2023-03-31 02752159 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 02752159 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 02752159 c:OrdinaryShareClass1 2023-04-01 2024-03-31 02752159 c:OrdinaryShareClass1 2024-03-31 02752159 c:OrdinaryShareClass1 2023-03-31 02752159 c:OrdinaryShareClass2 2023-04-01 2024-03-31 02752159 c:OrdinaryShareClass2 2024-03-31 02752159 c:OrdinaryShareClass2 2023-03-31 02752159 c:FRS102 2023-04-01 2024-03-31 02752159 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02752159 c:FullAccounts 2023-04-01 2024-03-31 02752159 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02752159 d:WithinOneYear 2024-03-31 02752159 d:WithinOneYear 2023-03-31 02752159 d:BetweenOneFiveYears 2024-03-31 02752159 d:BetweenOneFiveYears 2023-03-31 02752159 2 2023-04-01 2024-03-31 02752159 4 2023-04-01 2024-03-31 02752159 6 2023-04-01 2024-03-31 02752159 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 02752159 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 02752159 d:LeasedAssetsHeldAsLessee 2024-03-31 02752159 d:LeasedAssetsHeldAsLessee 2023-03-31 02752159 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02752159













HUGH HENRY LIMITED
UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024


 
HUGH HENRY LIMITED
REGISTERED NUMBER:02752159


BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
55,082
33,414

Investments
 5 
280
280

  
55,362
33,694

Current assets
  

Debtors: amounts falling due within one year
 6 
1,909,139
1,565,270

Cash at bank and in hand
  
702,039
1,400,919

  
2,611,178
2,966,189

Creditors: amounts falling due within one year
 7 
(1,835,825)
(1,683,259)

Net current assets
  
 
 
775,353
 
 
1,282,930

Total assets less current liabilities
  
830,715
1,316,624

Creditors: amounts falling due after more than one year
 8 
(24,778)
(108,595)

  

Net assets
  
805,937
1,208,029


Capital and reserves
  

Called up share capital 
 10 
220
220

Profit and loss account
  
805,717
1,207,809

  
805,937
1,208,029


Page 1


 
HUGH HENRY LIMITED
REGISTERED NUMBER:02752159

    
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 year 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 comprehensive income 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 on 10 October 2024.





................................................
M G J Dabell
Director


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

Page 2


 
HUGH HENRY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Hugh Henry Limited is incorporated and domiciled in England and Wales. The registered office is 44 Clapham Street, Clapham, London, SW4 7UR.

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

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. 

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3


 
HUGH HENRY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements
-
over the term of the lease
Motor vehicles
-
20% straight line
Fixtures & fittings
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4


 
HUGH HENRY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.


3.


Employees

The average monthly number of employees, including directors, during the year was 27 (2023 - 20).


4.


Tangible fixed assets





L/Term Leasehold Property
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2023
68,407
49,387
139,997
257,791


Additions
-
39,730
-
39,730



At 31 March 2024

68,407
89,117
139,997
297,521



Depreciation


At 1 April 2023
68,407
19,754
136,216
224,377


Charge for the year on owned assets
-
-
1,891
1,891


Charge for the year on financed assets
-
16,171
-
16,171



At 31 March 2024

68,407
35,925
138,107
242,439



Net book value



At 31 March 2024
-
53,192
1,890
55,082



At 31 March 2023
-
29,633
3,781
33,414

Page 5


 
HUGH HENRY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
53,192
29,633

53,192
29,633


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
280



At 31 March 2024
280






Net book value



At 31 March 2024
280



At 31 March 2023
280


6.


Debtors

2024
2023
£
£


Trade debtors
95,266
63,141

Amounts owed by group undertakings
1,779,406
1,471,336

Other debtors
11,385
9,894

Prepayments and accrued income
23,082
20,899

1,909,139
1,565,270


Page 6


 
HUGH HENRY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
-
58,750

Trade creditors
18,487
44,419

Amounts owed to group undertakings
1,607,978
1,358,028

Corporation tax
57,319
80,435

Other taxation and social security
114,144
115,922

Obligations under finance lease and hire purchase contracts
21,729
8,429

Other creditors
7,392
8,717

Accruals and deferred income
8,776
8,559

1,835,825
1,683,259



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
88,126

Net obligations under finance leases and hire purchase contracts
24,778
20,469

24,778
108,595



9.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
702,039
1,473,831




Financial assets measured at fair value through profit or loss comprise cash at bank.

Page 7


 
HUGH HENRY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



198 (2023 - 198) Ordinary shares of £1.00 each
198
198
22 (2023 - 22) Ordinary A shares of £1.00 each
22
22

220

220



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £17,740 (2023 - £15,528). Contributions totalling £6,254 (2023 - £5,725) were payable to the fund at the balance sheet date.


12.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
26,998
54,056

Later than 1 year and not later than 5 years
5,659
13,291

32,657
67,347


13.


Related party transactions

Under the terms of a Debenture dated 2 November 2020 the company provided security by way of a first fixed and floating charge over all of the company assets to certain lenders of the parent company, Aspire Estate Agents Limited. The Debenture was in place at 31 March 2024 but was satisfied on 20 June 2024 as the relevant loan notes in Aspire Estate Agents Limited had been repaid in full.


14.


Controlling party

At 31 March 2024 Aspire Estate Agents controlled 100% of the ordinary share capital of Hugh Henry Limited. The registered office of Aspire Estate Agents Limited is Harwood House, 43 Harwood Road, London SW6 4QP.

 
Page 8