Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31002023-04-01false13truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04695368 2023-04-01 2024-03-31 04695368 2022-04-01 2023-03-31 04695368 2024-03-31 04695368 2023-03-31 04695368 c:Director1 2023-04-01 2024-03-31 04695368 d:CurrentFinancialInstruments 2024-03-31 04695368 d:CurrentFinancialInstruments 2023-03-31 04695368 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04695368 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04695368 d:ShareCapital 2024-03-31 04695368 d:ShareCapital 2023-03-31 04695368 d:RetainedEarningsAccumulatedLosses 2024-03-31 04695368 d:RetainedEarningsAccumulatedLosses 2023-03-31 04695368 c:OrdinaryShareClass1 2023-04-01 2024-03-31 04695368 c:OrdinaryShareClass1 2024-03-31 04695368 c:OrdinaryShareClass1 2023-03-31 04695368 c:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 04695368 c:FRS102 2023-04-01 2024-03-31 04695368 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04695368 c:FullAccounts 2023-04-01 2024-03-31 04695368 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04695368 2 2023-04-01 2024-03-31 04695368 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04695368









SIMON BROWN INSURANCES LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SIMON BROWN INSURANCES LIMITED
REGISTERED NUMBER: 04695368

BALANCE SHEET
AS AT 31 MARCH 2024

As restated
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
71,117
97,808

Cash at bank and in hand
  
106,953
90,261

  
178,070
188,069

Creditors: amounts falling due within one year
 5 
(63,802)
(103,108)

Net current assets
  
 
 
114,268
 
 
84,961

Total assets less current liabilities
  
114,268
84,961

  

Net assets
  
114,268
84,961


Capital and reserves
  

Called up share capital 
 6 
1,000
1,000

Profit and loss account
  
113,268
83,961

  
114,268
84,961


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 on 2 December 2024.




Mr S M Brown
Director

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

Page 1

 
SIMON BROWN INSURANCES LIMITED
 

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

1.


General information

Simon Brown Insurances Limited is a private company limited by shares incorporated in England within the United Kingdom. The address of the registered office is 1 Woolpits Cottage, Woolpits Road, Great Saling, CM7 5EA. The Company is part of a group.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Basis other than going concern

The Company ceased trading on 31 March 2023 and, as a result, the financial statements are prepared on a basis other than going concern.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.4

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.

Page 2

 
SIMON BROWN INSURANCES LIMITED
 

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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Interest income

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

 
2.10

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.

Page 3

 
SIMON BROWN INSURANCES LIMITED
 

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

2.Accounting policies (continued)

 
2.11

Intangible assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 3).


4.


Debtors

2024
2023
£
£


Other debtors
66,449
92,718

Prepayments and accrued income
4,668
5,090

71,117
97,808



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
23,585

Amounts owed to group undertakings
30,068
31,650

Corporation tax
-
31,015

Other creditors
29,004
13,773

Accruals and deferred income
4,730
3,085

63,802
103,108


Page 4

 
SIMON BROWN INSURANCES LIMITED
 

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

6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



7.


Prior year adjustment

A prior year adjustment has been made to reflect an intra-group transfer of intangible fixed assets which took place at a Net Book Value of £Nil.


8.


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 £7,800 (2023 - £275,232). Contributions totalling £NIL (2023 - £NIL) were payable to the fund at the balance sheet date and are included in creditors.


9.


Related party transactions

During the year the Company operated a loan account with Simon Brown Holdings Limited, the parent company. The amount owed by the Company at the year end amounted to £30,068 (2023 - £31,650). The loan is interest free and repayable on demand. 
During the year the Company operated a loan account with the Director. The amount owed by the Company at the year end amounted to £12,547 (2023 - £630). The loan is interest free and repayable on demand. 


Page 5