Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31At the year end, the Company owed a loan to a group company of £6,807,397 (2023: £6,583,260). The loan was interest free, repayable on demand and is included within note 6. At the year end, the Company was owed £2,806,182 (2023: £2,403) from a group company. The loan was interest free, repayable on demand and is included within note 5.2023-02-01falseinvestment holding22falsetruefalse 10086520 2023-02-01 2024-01-31 10086520 2022-02-01 2023-01-31 10086520 2024-01-31 10086520 2023-01-31 10086520 c:Director1 2023-02-01 2024-01-31 10086520 c:Director2 2023-02-01 2024-01-31 10086520 d:CurrentFinancialInstruments 2024-01-31 10086520 d:CurrentFinancialInstruments 2023-01-31 10086520 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10086520 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10086520 d:ShareCapital 2024-01-31 10086520 d:ShareCapital 2023-01-31 10086520 d:RetainedEarningsAccumulatedLosses 2024-01-31 10086520 d:RetainedEarningsAccumulatedLosses 2023-01-31 10086520 c:OrdinaryShareClass1 2023-02-01 2024-01-31 10086520 c:OrdinaryShareClass1 2024-01-31 10086520 c:OrdinaryShareClass2 2023-02-01 2024-01-31 10086520 c:OrdinaryShareClass2 2024-01-31 10086520 c:FRS102 2023-02-01 2024-01-31 10086520 c:Audited 2023-02-01 2024-01-31 10086520 c:FullAccounts 2023-02-01 2024-01-31 10086520 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10086520 d:Subsidiary1 2023-02-01 2024-01-31 10086520 d:Subsidiary1 2024-01-31 10086520 d:Subsidiary1 2023-01-31 10086520 d:ImmediateParent 2023-02-01 2024-01-31 10086520 d:ImmediateParent 2024-01-31 10086520 d:ImmediateParent 2023-01-31 10086520 d:Subsidiary1 2023-02-01 2024-01-31 10086520 c:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10086520 4 2023-02-01 2024-01-31 10086520 6 2023-02-01 2024-01-31 10086520 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10086520










CORRIEDALE LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
CORRIEDALE LIMITED
 

CONTENTS



Page
Balance sheet
 
 
1 - 2
Notes to the financial statements
 
 
3 - 6


 
CORRIEDALE LIMITED
REGISTERED NUMBER: 10086520

BALANCE SHEET
AS AT 31 JANUARY 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
5,732,291
7,160,239

  
5,732,291
7,160,239

Current assets
  

Debtors: amounts falling due within one year
 5 
2,814,151
2,403

Cash at bank and in hand
  
-
70

  
2,814,151
2,473

Creditors: amounts falling due within one year
 6 
(8,261,207)
(8,104,417)

Net current liabilities
  
 
 
(5,447,056)
 
 
(8,101,944)

Total assets less current liabilities
  
285,235
(941,705)

  

Net assets/(liabilities)
  
285,235
(941,705)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
285,135
(941,805)

  
285,235
(941,705)


Page 1

 
CORRIEDALE LIMITED
REGISTERED NUMBER: 10086520
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

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 on 17 October 2024.




Mr M Colley
Mr T Thornley
Director
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CORRIEDALE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

The Company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales. The address of its registered office is Unit A Paul's Cycles, Yaxham Road, Dereham, Norfolk, NR19 1HB. 
The Company's principal activity is that of investment holding.

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.

 
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.

Page 3

 
CORRIEDALE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was 2 (2023 :2).







4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2023
7,160,239



At 31 January 2024

7,160,239



Impairment


Charge for the period
1,427,948



At 31 January 2024

1,427,948



Net book value



At 31 January 2024
5,732,291



At 31 January 2023 as restated
7,160,239

Page 4

 
CORRIEDALE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
2,814,151
2,403

2,814,151
2,403



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
8,257,397
8,100,799

Accruals and deferred income
3,810
3,618

8,261,207
8,104,417


The following liabilities were secured:

2024
2023
£
£



Amounts owed to group undertakings
1,450,000
1,450,000

1,450,000
1,450,000

Details of security provided:

The amounts owed to group undertakings are secured by fixed and floating charges over the assets of the Company.


7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £0.10 each
10
10
900 A ordinary shares of £0.10 each
90
90

100

100


Page 5

 
CORRIEDALE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Prior year adjustment

A prior year adjustment  has been made to restate the value of the fixed asset investment for the year ended 31 January 2023 as this was incorrectly impaired by £5,122,569. The effect on the comparative balance sheet is an increase in fixed asset investments of £5,122,569. 
The effect on the opening reserves position as at 01 February 2023 is to reduce the deficit on the profit and loss reserve by £5,122,569.


9.


Related party transactions

At the year end, the Company owed a loan to a group company of £6,807,397 (2023: £6,583,260). The loan was interest free, repayable on demand and is included within note 6. 
 
At the year end, the Company was owed £7,969 from a  group company (2023: £67,539 owed to a group company). The loan was interest free, repayable on demand and is included within note 5. 
 
At the year end, the Company was owed £2,806,182 (2023: £2,403) from a group company. The loan was interest free, repayable on demand and is included within note 5. 


10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 January 2024 was unqualified.

The audit report was signed on 21 October 2024 by Frank Shippam BSc FCA DChA (senior statutory auditor) on behalf of MA Partners Audit LLP.

 
Page 6