Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity05falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09445912 2023-04-01 2024-03-31 09445912 2022-04-01 2023-03-31 09445912 2024-03-31 09445912 2023-03-31 09445912 c:CompanySecretary1 2023-04-01 2024-03-31 09445912 c:Director1 2023-04-01 2024-03-31 09445912 c:Director2 2023-04-01 2024-03-31 09445912 c:Director3 2023-04-01 2024-03-31 09445912 c:Director4 2023-04-01 2024-03-31 09445912 c:Director5 2023-04-01 2024-03-31 09445912 c:RegisteredOffice 2023-04-01 2024-03-31 09445912 d:Buildings 2023-04-01 2024-03-31 09445912 d:Buildings 2024-03-31 09445912 d:Buildings 2023-03-31 09445912 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09445912 d:CurrentFinancialInstruments 2024-03-31 09445912 d:CurrentFinancialInstruments 2023-03-31 09445912 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09445912 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09445912 d:ShareCapital 2024-03-31 09445912 d:ShareCapital 2023-03-31 09445912 d:RetainedEarningsAccumulatedLosses 2024-03-31 09445912 d:RetainedEarningsAccumulatedLosses 2023-03-31 09445912 c:FRS102 2023-04-01 2024-03-31 09445912 c:IndependentExaminationCharity 2023-04-01 2024-03-31 09445912 c:FullAccounts 2023-04-01 2024-03-31 09445912 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09445912 6 2023-04-01 2024-03-31 09445912 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 09445912







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


STABLE MICRO SYSTEMS (HOLDINGS) LIMITED






































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STABLE MICRO SYSTEMS (HOLDINGS) LIMITED
 


 
COMPANY INFORMATION


Directors
I D Bateson 
M Proto 
T N Raven 
J Smewing 
J A Walker 




Company secretary
S Johnson



Registered number
09445912



Registered office
Vienna Court
Lammas Road

Godalming

Surrey

GU7 1YL




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


STABLE MICRO SYSTEMS (HOLDINGS) LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


STABLE MICRO SYSTEMS (HOLDINGS) LIMITED
REGISTERED NUMBER:09445912



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
977,508
1,000,930

Investments
 5 
10,083,984
10,083,984

  
11,061,492
11,084,914

Current assets
  

Debtors: amounts falling due within one year
 6 
9,002
2

Cash at bank and in hand
  
521,020
502,825

  
530,022
502,827

Creditors: amounts falling due within one year
 7 
(1,508,063)
(1,497,059)

Net current liabilities
  
 
 
(978,041)
 
 
(994,232)

Total assets less current liabilities
  
10,083,451
10,090,682

Provisions for liabilities
  

Deferred tax
  
(358)
(124)

  
 
 
(358)
 
 
(124)

Net assets
  
10,083,093
10,090,558


Capital and reserves
  

Called up share capital 
  
10,083,984
10,083,984

Profit and loss account
  
(891)
6,574

  
10,083,093
10,090,558


Page 1

 


STABLE MICRO SYSTEMS (HOLDINGS) LIMITED
REGISTERED NUMBER:09445912


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 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: 




................................................
I D Bateson
Director

Date: 26 November 2024

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

Page 2

 


STABLE MICRO SYSTEMS (HOLDINGS) LIMITED
 


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

1.


General information

Stable Micro Systems (Holdings) Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

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.

  
2.2

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

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.

The company has elected to measure freehold property at its fair value on the date of transition to FRS 102, and use that fair value as its deemed cost going forward.

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:

Freehold property
-
2%
on cost of freehold buildings

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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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.

Page 3

 


STABLE MICRO SYSTEMS (HOLDINGS) LIMITED
 


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

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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 reporting 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 reporting 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 reporting date.


3.


Employees




The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 4

 


STABLE MICRO SYSTEMS (HOLDINGS) LIMITED
 


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

4.


Tangible fixed assets





Freehold property

£



Cost


At 1 April 2023
1,185,747



At 31 March 2024

1,185,747



Depreciation


At 1 April 2023
184,817


Charge for the year
23,422



At 31 March 2024

208,239



Net book value



At 31 March 2024
977,508



At 31 March 2023
1,000,930


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
10,083,984



At 31 March 2024
10,083,984












Page 5

 


STABLE MICRO SYSTEMS (HOLDINGS) LIMITED
 


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

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
9,000
-

Other debtors
2
2

9,002
2



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
1,017,896
1,017,896

Corporation tax
1,426
701

Other creditors
482,096
471,817

Accruals and deferred income
6,645
6,645

1,508,063
1,497,059



8.


Related party transactions

Stable Micro Systems (Holdings) Limited has taken advantage of the exemption under FRS 102 from disclosing transactions between the company and its subsidiary.
At the beginning of the year, the Company owed £156,619 (2023: £300,569) to I Bateson, a director of the Company. During the year, advancements of £248,434 from the director (2023: £235,458) and repayments of £271,980 to the director (2023: £379,408) existed. At the year end a loan balance of £133,073 (2023: £156,619) was owed to I Bateson. No interest has been charged on this loan.
At the beginning of the year, the Company owed £139,618 (2023: £292,674) to T Raven, a director of the Company. During the year, advancements of £248,434 from the director (2023: £235,458) and repayments of £276,093 to the director (2023: £388,514) existed. At the year end a loan balance of £111,959 (2023: £139,618) was owed to T Raven. No interest has been charged on this loan.
At the beginning of the year, the Company owed £175,580 (2023: £324,417) to J Walker, a director of the Company. During the year, advancements of £248,434 from the director (2023: £235,458) and repayments of £186,950 to the director (2023: £384,295) existed. At the year end a loan balance of £237,064 (2023: £175,580) was owed to J Walker. No interest has been charged on this loan.

Page 6