Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-312022-08-01falseNo description of principal activity44truetruefalse 00841622 2022-08-01 2023-07-31 00841622 2021-08-01 2022-07-31 00841622 2023-07-31 00841622 2022-07-31 00841622 c:Director2 2022-08-01 2023-07-31 00841622 d:PlantMachinery 2022-08-01 2023-07-31 00841622 d:PlantMachinery 2023-07-31 00841622 d:PlantMachinery 2022-07-31 00841622 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 00841622 d:FreeholdInvestmentProperty 2022-08-01 2023-07-31 00841622 d:FreeholdInvestmentProperty 2023-07-31 00841622 d:FreeholdInvestmentProperty 2022-07-31 00841622 d:CurrentFinancialInstruments 2023-07-31 00841622 d:CurrentFinancialInstruments 2022-07-31 00841622 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 00841622 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 00841622 d:ShareCapital 2023-07-31 00841622 d:ShareCapital 2022-07-31 00841622 d:OtherMiscellaneousReserve 2023-07-31 00841622 d:OtherMiscellaneousReserve 2022-07-31 00841622 d:RetainedEarningsAccumulatedLosses 2023-07-31 00841622 d:RetainedEarningsAccumulatedLosses 2022-07-31 00841622 c:FRS102 2022-08-01 2023-07-31 00841622 c:Audited 2022-08-01 2023-07-31 00841622 c:FullAccounts 2022-08-01 2023-07-31 00841622 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 00841622 c:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 00841622 2 2022-08-01 2023-07-31 00841622 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 00841622










R.H.F. POTTER & SONS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
R.H.F. POTTER & SONS LIMITED
REGISTERED NUMBER: 00841622

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 6 
37,374
9,256

Investment property
 7 
385,696
384,696

  
423,070
393,952

Current assets
  

Debtors: amounts falling due within one year
 8 
2,735
44,159

Bank and cash balances
  
879,069
3,204,076

  
881,804
3,248,235

Creditors: amounts falling due within one year
 9 
(930,845)
(3,237,390)

Net current (liabilities)/assets
  
 
 
(49,041)
 
 
10,845

Total assets less current liabilities
  
374,029
404,797

  

Net assets
  
374,029
404,797


Capital and reserves
  

Called up share capital 
  
6,000
6,000

Other reserves
  
358
358

Profit and loss account
  
367,671
398,439

  
374,029
404,797


Page 1

 
R.H.F. POTTER & SONS LIMITED
REGISTERED NUMBER: 00841622
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

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: 






B V Potter
Director

Date: 23 October 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
R.H.F. POTTER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

R.H.F. Potter & Sons Limited (00841622) is a private company limited by shares and incorporated in England & Wales. Its registered office is Wharfenden House 56 Wharf Road, Frimley Green, Camberley, Surrey, United Kingdom, GU16 6PW.

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. 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.

 
2.3

Interest income

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

 
2.4

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.

Page 3

 
R.H.F. POTTER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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 reporting date in the countries where the Company operates and generates income.

 
2.7

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
reducing balance

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.

 
2.8

Investment property

Investment properties are carried at fair value as determined annually by the director and adjusted for write downs as deemed necessary. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

Page 4

 
R.H.F. POTTER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.

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 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.

Page 5

 
R.H.F. POTTER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

3.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:


2023
2022
£
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
8,938
6,926


4.


Employees

2023
2022
£
£

Wages and salaries
322,728
360,818

Social security costs
40,691
47,110

Cost of defined contribution scheme
1,237
1,074

364,656
409,002


The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


5.


Taxation


2023
2022
£
£



Total current tax
-
-


Taxation on profit on ordinary activities
-
-
Page 6

 
R.H.F. POTTER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
 
5.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is higher than (2022 - higher than) the standard rate of corporation tax in the UK of 25% (2022 - 19%). The differences are explained below:

2023
2022
£
£


Loss on ordinary activities before tax
(30,768)
(160,784)


Loss on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2022 - 19%)
(7,692)
(30,549)

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
62
-

Capital allowances for year in excess of depreciation
(7,073)
(1,012)

Unrelieved tax losses carried forward
14,675
31,561

Provisions
28
-

Total tax charge for the year
-
-

Page 7

 
R.H.F. POTTER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
 
5.Taxation (continued)


Factors that may affect future tax charges

Unused losses carried forward for the year end 31 July 2023 amounted to £218,559 (2022 - £159,862).


6.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 August 2022
28,167


Additions
29,706



At 31 July 2023

57,873



Depreciation


At 1 August 2022
18,910


Charge for the year on owned assets
1,589



At 31 July 2023

20,499



Net book value



At 31 July 2023
37,374



At 31 July 2022
9,257

Page 8

 
R.H.F. POTTER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Investment property


Freehold investment property

£



Valuation


At 1 August 2022
384,696


Additions at cost
1,000



At 31 July 2023
385,696

The 2023 valuations were made by the director, on an open market value for existing use basis.







8.


Debtors

2023
2022
£
£


Trade debtors
2,159
12,204

Other debtors
576
31,955

2,735
44,159



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
46,129
57,356

Amounts owed to group undertakings
859,368
3,131,908

Accruals and deferred income
25,348
48,126

930,845
3,237,390



10.


Controlling party

The ultimate parent company is Bob Potter Leisure Limited, a company incorporated in England & Wales. The ultimate controlling party was Mr R R Potter OBE Estate and Mrs B V Potter.

Page 9

 
R.H.F. POTTER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 July 2023 was unqualified.

The audit report was signed on 23 October 2024 by Stephen Morgan BSc (Econ) FCA (Senior statutory auditor) on behalf of Shaw Gibbs (Audit) Limited.

 
Page 10