Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-011falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06968617 2023-02-01 2024-01-31 06968617 2022-02-01 2023-01-31 06968617 2024-01-31 06968617 2023-01-31 06968617 c:Director1 2023-02-01 2024-01-31 06968617 d:OfficeEquipment 2023-02-01 2024-01-31 06968617 d:ComputerEquipment 2024-01-31 06968617 d:ComputerEquipment 2023-01-31 06968617 d:CurrentFinancialInstruments 2024-01-31 06968617 d:CurrentFinancialInstruments 2023-01-31 06968617 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 06968617 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 06968617 d:ShareCapital 2024-01-31 06968617 d:ShareCapital 2023-01-31 06968617 d:RetainedEarningsAccumulatedLosses 2024-01-31 06968617 d:RetainedEarningsAccumulatedLosses 2023-01-31 06968617 c:FRS102 2023-02-01 2024-01-31 06968617 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06968617 c:FullAccounts 2023-02-01 2024-01-31 06968617 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06968617 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 06968617









HUDSWELL HOLDINGS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
HUDSWELL HOLDINGS LTD
REGISTERED NUMBER: 06968617

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors
 7 
836,406
836,192

Cash at bank and in hand
 8 
181,641
187,233

  
1,018,047
1,023,425

Creditors: amounts falling due within one year
 9 
(51,464)
(115,261)

Net current assets
  
 
 
966,583
 
 
908,164

Total assets less current liabilities
  
966,583
908,164

  

Net assets
  
966,583
908,164


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
966,581
908,162

  
966,583
908,164


The director considers 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 director acknowledges his 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 profit and loss account 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 Hutchcraft
Director

Date: 22 October 2024

Page 1

 
HUDSWELL HOLDINGS LTD
REGISTERED NUMBER: 06968617
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HUDSWELL HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Hudswell Holdings Ltd is a private company limited by share capital, incorporated in England and Wales.
The address of the registered office is 50 Liverpool Street, London, EC2M 7PY.  

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
HUDSWELL HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 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:

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.

Turnover from royalties is recognised when the income is fixed or determinable and collectability is reasonably assured.

 
2.4

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.

 
2.5

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.

Page 4

 
HUDSWELL HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Office equipment
-
25%
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.

  
2.6

Valuation of investments

Investments are measured at cost less accumulated impairment.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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 year was 1 (2023 - 1).

Page 5

 
HUDSWELL HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 February 2023
2,713



At 31 January 2024

2,713



Depreciation


At 1 February 2023
2,713



At 31 January 2024

2,713



Net book value



At 31 January 2024
-



At 31 January 2023
-


5.


Fixed asset investments

The company is a 50% partner in an unincorporated partnership based in the United Kingdom.
The company is also a 25% partner in a Limited Liability Partnership incorporated in England and Wales. 


6.


Income from participating interests

The company's share of partnership loss from its investment in an unincorporated partnership during the year was £4,612 (2023: £8,807).


7.


Debtors

2024
2023
£
£

Trade debtors
11,175
-

Other debtors
787,720
769,180

Prepayments and accrued income
37,511
67,012

836,406
836,192


Page 6

 
HUDSWELL HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
181,641
187,233

181,641
187,233



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
452
468

Corporation tax
27,001
29,036

Other taxation and social security
-
1,408

Other creditors
3,000
62,220

Accruals and deferred income
21,011
22,129

51,464
115,261



10.


Related party transactions

During the year ordinary dividends totalling £27,500 (2023: £97,500) were paid to the director in his capacity as shareholder of the company.

Included in other debtors at the balance sheet date is an amount of £10,088 (2023: £62,220 credit) due from the director. The amount is in respect of dividends payable to the director in his capacity as shareholder of the company net of expenses borne on behalf of the director. This amount is unsecured interest free and repayable on demand.

Also included in other debtors at the balance sheet date is an amount of £21,764 (2023: £23,726) due from an unincorporated partnership in which the company is an equal partner. The amount is in respect of profit share due from the partnership less expenses borne by that entity on behalf of this company. This amount is unsecured, interest free and repayable on demand. The loss share for the year was £4,612 (2023: £8,807).

Also included in other debtors at the balance sheet date is an amount of £748,825 (2023: £742,699) due from a company owned and controlled by the director of the company. The amount is in respect of cash advanced and expenses borne on behalf of that company. This amount is unsecured, interest free and repayable on demand.

Also included in other debtors at the balance sheet date is an amount of £6,504 (2023: £2,754) due from a Limited Liability Partnership. The company is an equal partner in that entity. The amount is in respect of cash advanced and expenses borne on behalf of that entity. This amount is unsecured, interest free and repayable on demand.

 
Page 7