Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-04-01falseNo description of principal activity12truetrue 00132374 2023-04-01 2024-03-31 00132374 2022-04-01 2023-03-31 00132374 2024-03-31 00132374 2023-03-31 00132374 2022-04-01 00132374 c:Director2 2023-04-01 2024-03-31 00132374 d:Buildings 2024-03-31 00132374 d:Buildings 2023-03-31 00132374 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00132374 d:LandBuildings 2024-03-31 00132374 d:LandBuildings 2023-03-31 00132374 d:MotorVehicles 2023-04-01 2024-03-31 00132374 d:MotorVehicles 2024-03-31 00132374 d:MotorVehicles 2023-03-31 00132374 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00132374 d:FurnitureFittings 2023-04-01 2024-03-31 00132374 d:FurnitureFittings 2024-03-31 00132374 d:FurnitureFittings 2023-03-31 00132374 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00132374 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00132374 d:CurrentFinancialInstruments 2024-03-31 00132374 d:CurrentFinancialInstruments 2023-03-31 00132374 d:Non-currentFinancialInstruments 2024-03-31 00132374 d:Non-currentFinancialInstruments 2023-03-31 00132374 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00132374 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00132374 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 00132374 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 00132374 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 00132374 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 00132374 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 00132374 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 00132374 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 00132374 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 00132374 d:ShareCapital 2024-03-31 00132374 d:ShareCapital 2023-03-31 00132374 d:SharePremium 2024-03-31 00132374 d:SharePremium 2023-03-31 00132374 d:RevaluationReserve 2024-03-31 00132374 d:RevaluationReserve 2023-03-31 00132374 d:OtherMiscellaneousReserve 2024-03-31 00132374 d:OtherMiscellaneousReserve 2023-03-31 00132374 d:RetainedEarningsAccumulatedLosses 2024-03-31 00132374 d:RetainedEarningsAccumulatedLosses 2023-03-31 00132374 c:OrdinaryShareClass1 2023-04-01 2024-03-31 00132374 c:OrdinaryShareClass1 2024-03-31 00132374 c:OrdinaryShareClass1 2023-03-31 00132374 c:FRS102 2023-04-01 2024-03-31 00132374 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00132374 c:FullAccounts 2023-04-01 2024-03-31 00132374 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00132374 d:Subsidiary1 2023-04-01 2024-03-31 00132374 d:Subsidiary1 1 2023-04-01 2024-03-31 00132374 d:Subsidiary2 2023-04-01 2024-03-31 00132374 d:Subsidiary2 1 2023-04-01 2024-03-31 00132374 6 2023-04-01 2024-03-31 00132374 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 00132374 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 00132374 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 00132374 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 00132374 d:OtherDeferredTax 2024-03-31 00132374 d:OtherDeferredTax 2023-03-31 00132374 3 2024-03-31 00132374 3 2023-03-31 00132374 f:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00132374










HICKIE AND HICKIE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024



 
HICKIE AND HICKIE LIMITED
REGISTERED NUMBER: 00132374

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
172,551
174,302

Investments
 5 
5,395,295
5,448,175

  
5,567,846
5,622,477

Current assets
  

Debtors: amounts falling due within one year
 6 
143,024
147,784

Cash at bank and in hand
  
140,201
6,627

  
283,225
154,411

Current Liabilities
  

Creditors: amounts falling due within one year
 7 
(205,011)
(248,065)

Net current assets/(liabilities)
  
 
 
78,214
 
 
(93,654)

Total assets less current liabilities
  
5,646,060
5,528,823

Creditors: amounts falling due after more than one year
 8 
(1,844,704)
(1,697,103)

Provisions for liabilities
  

Deferred tax
 10 
(857,013)
(858,675)

  
 
 
(857,013)
 
 
(858,675)

Net assets
  
2,944,343
2,973,045


Capital and reserves
  

Called up share capital 
 11 
49,800
49,800

Share premium account
  
140
140

Revaluation reserve
  
1,807,852
1,807,852

Other reserves
  
4,614
4,614

Profit and loss account
  
1,081,937
1,110,639

  
2,944,343
2,973,045


Page 1

 
HICKIE AND HICKIE LIMITED
REGISTERED NUMBER: 00132374

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 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 by: 




W A Elphick
Director
Date: 4 November 2024

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

Page 2

 
HICKIE AND HICKIE LIMITED
 

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

1.


General information

Hickie & Hickie Limited is a private company limited by shares and incorporated in England and Wales (registered number 00132374). The registered office is 153 Friar Street, Reading, Berkshire, RG1 1HE.

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 for rents during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

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:

Motor vehicles
-
25%
Fixtures & fittings
-
20%

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 3

 
HICKIE AND HICKIE LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Investment property

In accordance with the Financial Reporting Standard 102, investment properties are included in the
financial statements at open market value and are not depreciated. Changes in the value of
investment properties are shown in the statement of comprehensive income.

 
2.6

Valuation of investments

Investments in subsidiaries 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

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial asset and liabilities like trade and other debtors and creditors, loans from bank and other thired parties, loans to related parties and investments in ordinary shares.

 
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

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.

 
2.12

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
HICKIE AND HICKIE LIMITED
 

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

2.Accounting policies (continued)

 
2.13

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.

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 2).

Page 5

 
HICKIE AND HICKIE LIMITED
 

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

4.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2023
142,309
30,983
11,169
184,461



At 31 March 2024

142,309
30,983
11,169
184,461



Depreciation


At 1 April 2023
-
1,291
8,868
10,159


Charge for the year on owned assets
-
1,291
460
1,751



At 31 March 2024

-
2,582
9,328
11,910



Net book value



At 31 March 2024
142,309
28,401
1,841
172,551



At 31 March 2023
142,309
29,692
2,301
174,302




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
142,309
142,309

142,309
142,309


Page 6

 
HICKIE AND HICKIE LIMITED
 

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

5.


Fixed asset investments





Shares in group undertakings
Investment properties
Total

£
£
£



Cost or valuation


At 1 April 2023
764,977
5,100,000
5,864,977


Revaluations
(52,880)
-
(52,880)



At 31 March 2024

712,097
5,100,000
5,812,097



Impairment


At 1 April 2023
416,802
-
416,802



At 31 March 2024

416,802
-
416,802



Net book value



At 31 March 2024
295,295
5,100,000
5,395,295



At 31 March 2023
348,175
5,100,000
5,448,175

The 2024 valuations were made by the directors on an open market value for existing use basis.


Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Class of shares

Holding

Hickies Limited
£1
100%
Hickies Pianos Limited
£1
100%

The investments in subsidiary companies represent 100% of the issued share capital of 5,000 £1 shares
in Hickies Pianos Limited and 100% of the issued share capital of 140,000 £1 shares in Hickies Limited,
and a long term loan made to Hickies Limited of £712,097.

Page 7

 
HICKIE AND HICKIE LIMITED
 

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

6.


Debtors

2024
2023
£
£


Trade debtors
49,324
14,330

Other debtors
90,596
130,395

Prepayments and accrued income
3,104
3,059

143,024
147,784



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank overdrafts
8,892
-

Bank loans
30,000
30,000

Other loans
54,998
28,910

Trade creditors
18,855
26,320

Other taxation and social security
2,728
2,199

Other creditors
40,916
106,104

Accruals and deferred income
48,622
54,532

205,011
248,065


Bank loans are secured by an unlimited debenture incorporating a fixed and floating charge.


8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,237,388
1,257,192

Other loans
607,316
439,911

1,844,704
1,697,103


Bank loans are secured by an unlimited debenture incorporating a fixed and floating charge.

Page 8

 
HICKIE AND HICKIE LIMITED
 

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

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
30,000
30,000

Other loans
54,998
28,910


84,998
58,910

Amounts falling due 1-2 years

Bank loans
30,000
30,000

Other loans
54,998
28,910


84,998
58,910

Amounts falling due 2-5 years

Bank loans
90,000
90,000

Other loans
164,995
86,729


254,995
176,729

Amounts falling due after more than 5 years

Bank loans
1,117,388
1,137,192

Other loans
387,323
324,272

1,504,711
1,461,464

1,929,702
1,756,013



10.


Deferred taxation




2024
2023


£

£






At beginning of year
(858,675)
(846,249)


Charged to profit or loss
1,662
(12,426)



At end of year
(857,013)
(858,675)

Page 9

 
HICKIE AND HICKIE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,617)
(585)

Tax losses carried forward
9,062
6,368

Capital gains
(864,458)
(864,458)

(857,013)
(858,675)


11.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



49,800 (2023 - 49,800) Ordinary shares of £1.00 each
49,800
49,800



12.


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 £3,301 (2023: £2,995).
No contributions were outstanding in the current or prior year.


13.


Related party transactions

At the balance sheet date the Company owed its directors £40,916 (2023: £104,282) on non-interest bearing loans with no set repayment dates.


Page 10