Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truetrue2023-04-01falseNo description of principal activity22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10050776 2023-04-01 2024-03-31 10050776 2022-04-01 2023-03-31 10050776 2024-03-31 10050776 2023-03-31 10050776 c:Director1 2023-04-01 2024-03-31 10050776 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 10050776 d:FreeholdInvestmentProperty 2024-03-31 10050776 d:FreeholdInvestmentProperty 2023-03-31 10050776 d:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 10050776 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2024-03-31 10050776 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2023-03-31 10050776 d:CurrentFinancialInstruments 2024-03-31 10050776 d:CurrentFinancialInstruments 2023-03-31 10050776 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10050776 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10050776 d:ShareCapital 2024-03-31 10050776 d:ShareCapital 2023-03-31 10050776 d:RetainedEarningsAccumulatedLosses 2024-03-31 10050776 d:RetainedEarningsAccumulatedLosses 2023-03-31 10050776 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 10050776 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 10050776 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10050776 c:OrdinaryShareClass1 2024-03-31 10050776 c:OrdinaryShareClass2 2023-04-01 2024-03-31 10050776 c:OrdinaryShareClass2 2024-03-31 10050776 c:OrdinaryShareClass3 2023-04-01 2024-03-31 10050776 c:OrdinaryShareClass3 2024-03-31 10050776 c:OrdinaryShareClass4 2023-04-01 2024-03-31 10050776 c:OrdinaryShareClass4 2024-03-31 10050776 c:FRS102 2023-04-01 2024-03-31 10050776 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10050776 c:FullAccounts 2023-04-01 2024-03-31 10050776 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10050776 2 2023-04-01 2024-03-31 10050776 f:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10050776









AMJOSA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
AMJOSA LIMITED
REGISTERED NUMBER: 10050776

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
16,277,750
14,590,820

Investment property
 5 
10,250,000
8,632,828

  
26,527,750
23,223,648

Current assets
  

Debtors: amounts falling due within one year
 6 
68,066
20,000

Cash at bank and in hand
  
1,079,121
894,221

  
1,147,187
914,221

Creditors: amounts falling due within one year
 7 
(1,579,367)
(1,490,778)

Net current liabilities
  
 
 
(432,180)
 
 
(576,557)

Provisions for liabilities
  

Deferred tax
  
(744,998)
-

  
 
 
(744,998)
 
 
-

Net assets
  
25,350,572
22,647,091


Capital and reserves
  

Called up share capital 
 9 
14,972,000
14,972,000

Retained earnings
  
10,378,572
7,675,091

Shareholders' funds
  
25,350,572
22,647,091


Page 1

 
AMJOSA LIMITED
REGISTERED NUMBER: 10050776
    
BALANCE SHEET (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 and delivered 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 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: 






J M Hood
Director

Date: 24 December 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

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

1.


General information

Amjosa Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 10050776). The registered office address is Mills & Reeve LLP, 1 St James Court, Norwich, Norfolk, NR3 1RU. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

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

2.Accounting policies (continued)

 
2.9

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument. 
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

Page 5

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

2.Accounting policies (continued)

 
2.10

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.

 
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.


3.


Employees

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

Page 6

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

4.


Fixed asset investments





Unlisted investments

£



Cost


At 1 April 2023
14,590,820


Additions
1,144,664


Disposals
(689,099)


Foreign exchange movement
(307,117)


Revaluations
1,538,482



At 31 March 2024
16,277,750





5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
8,632,828


Additions at cost
122,516


Surplus on revaluation
1,494,656



At 31 March 2024
10,250,000

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





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
7,270,007
7,147,491

Page 7

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

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
33,074
20,000

Other debtors
34,992
-

68,066
20,000



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,995
-

Corporation tax
238,063
165,152

Other taxation and social security
7,706
7,933

Other creditors
1,318,379
1,306,211

Accruals and deferred income
13,224
11,482

1,579,367
1,490,778



8.


Deferred taxation




2024


£






Charged to profit or loss
(744,998)



At end of year
(744,998)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Capital gains
(744,998)
-

Page 8

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

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



117,500 Ordinary A shares of £1.00 each
117,500
117,500
117,500 Ordinary B shares of £1.00 each
117,500
117,500
265,000 Ordinary C shares of £1.00 each
265,000
265,000
14,472,000 Redeemable Preference shares of £1.00 each
14,472,000
14,472,000

14,972,000

14,972,000



10.


Related party transactions

During the year, a director made loans to the Company totalling £Nil (2023 - £401,823). The Company repaid £39,665 (2023 - £20,297) before the year end. At the year end, an amount of £1,318,379 (2023 - £1,306,211) was outstanding. There are no fixed terms of repayment and the loan carries interest at 3% per annum. Interest paid for the year ended 31 March 2024 was £38,532 (2023 - £39,665).
During the year, the Company loaned £13,074 
(2023 - £10,000) to its parent entity, Amjosa Limited Partnership. At the year end, the balance outstanding was £33,074 (2023 - £20,000). These loans are unsecured, interest free and repayable on demand.


11.


Controlling party

The ultimate parent undertaking is Amjosa Partnership (GP) Limited, a company registered in England and Wales.
The directors do not consider there to be an ultimate controlling party.

Page 9