Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsefalse2023-04-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12256934 2023-04-01 2024-03-31 12256934 2022-04-01 2023-03-31 12256934 2024-03-31 12256934 2023-03-31 12256934 2022-04-01 12256934 c:Director1 2023-04-01 2024-03-31 12256934 d:CurrentFinancialInstruments 2024-03-31 12256934 d:CurrentFinancialInstruments 2023-03-31 12256934 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12256934 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12256934 d:ShareCapital 2024-03-31 12256934 d:ShareCapital 2023-03-31 12256934 d:RetainedEarningsAccumulatedLosses 2024-03-31 12256934 d:RetainedEarningsAccumulatedLosses 2023-03-31 12256934 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 12256934 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 12256934 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 12256934 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 12256934 c:FRS102 2023-04-01 2024-03-31 12256934 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12256934 c:FullAccounts 2023-04-01 2024-03-31 12256934 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12256934 6 2023-04-01 2024-03-31 12256934 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12256934










BUTLER HOUSE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024



 
BUTLER HOUSE LIMITED
REGISTERED NUMBER: 12256934

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
2,234,667
2,237,859

Current assets
  

Debtors: amounts falling due within one year
 5 
275,701
255,525

Cash at bank and in hand
 6 
83,128
5,143

Current liabilities
  
358,829
260,668

Creditors: amounts falling due within one year
 7 
(3,262,541)
(3,266,371)

Net current liabilities
  
 
 
(2,903,712)
 
 
(3,005,703)

Total assets less current liabilities
  
(669,045)
(767,844)

  

Net liabilities
  
(669,045)
(767,844)


Capital and reserves
  

Called up share capital 
  
40
40

Profit and loss account
  
(669,085)
(767,884)

  
(669,045)
(767,844)


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 by: 




................................................
J M Butler
Director
Date: 4 November 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
BUTLER HOUSE LIMITED
 

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

1.


General information

Butler House Limited is a private company limited by shares and incorporated in England and Wales. The registered office of the company is The White Building, 4 Cumberland Place, Southampton, Hampshire, SO15 2NP.

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

Going concern

The company has net liabilities of £689,992 (2023: £767,844) at the Balance Sheet date. Current liabilities includes director loans totalling £2,122,551 (2023: £2,126.881) which are repayable on demand but the directors have confirmed that they do not intend to seek repayment of these loans until the company has sufficient assets to meet all its liabilities. These accounts have therefore been prepared on the going concern basis

 
2.3

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.

 
2.4

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.

Page 2

 
BUTLER HOUSE LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

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


3.


Employees

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


4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 April 2023
2,237,859


Additions
143,671


Disposals
(288,342)


Revaluations
141,479



At 31 March 2024
2,234,667




Page 3

 
BUTLER HOUSE LIMITED
 

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

5.


Debtors

2024
2023
£
£


Other debtors
2,948
3,770

Deferred taxation
272,753
251,755

275,701
255,525



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
83,128
5,143



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
1,127,000
1,127,000

Other creditors
2,122,551
2,126,881

Accruals and deferred income
12,990
12,490

3,262,541
3,266,371


The bank loan is secured by a fixed charge over the cash and securities held with the Custody Account Bank.


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
1,127,000
1,127,000




The bank loan is repayable on demand.

Page 4

 
BUTLER HOUSE LIMITED
 

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

9.


Deferred taxation




2024
2023


£

£






At beginning of year
251,755
243,411


Charged to profit or loss
20,998
8,344



At end of year
272,753
251,755

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
194,395
196,452

Tax losses carried forward
78,358
55,303

272,753
251,755


10.


Related party transactions

Other creditors includes a loan from the directors of £2,122,551 (2023: £2,126,881) which is repayable on demand. Interest is being paid on the outstanding loan balance.


Page 5