Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false22false2023-04-01No description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13714603 2023-04-01 2024-03-31 13714603 2021-11-01 2023-03-31 13714603 2024-03-31 13714603 2023-03-31 13714603 c:Director1 2023-04-01 2024-03-31 13714603 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2024-03-31 13714603 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2023-03-31 13714603 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2024-03-31 13714603 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2023-03-31 13714603 d:CurrentFinancialInstruments 2024-03-31 13714603 d:CurrentFinancialInstruments 2023-03-31 13714603 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13714603 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13714603 d:ShareCapital 2024-03-31 13714603 d:ShareCapital 2023-03-31 13714603 d:RetainedEarningsAccumulatedLosses 2024-03-31 13714603 d:RetainedEarningsAccumulatedLosses 2023-03-31 13714603 c:FRS102 2023-04-01 2024-03-31 13714603 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13714603 c:FullAccounts 2023-04-01 2024-03-31 13714603 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13714603 2 2023-04-01 2024-03-31 13714603 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13714603









HAMILTON NEAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
HAMILTON NEAL LIMITED
REGISTERED NUMBER: 13714603

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
30,777,363
29,617,309

  
30,777,363
29,617,309

Current assets
  

Debtors: amounts falling due within one year
 5 
25,128,131
25,127,815

Bank and cash balances
  
1,999,604
2,110,458

  
27,127,735
27,238,273

Creditors: amounts falling due within one year
 6 
(56,937,529)
(56,663,888)

Net current liabilities
  
 
 
(29,809,794)
 
 
(29,425,615)

  

Net assets
  
967,569
191,694


Capital and reserves
  

Called up share capital 
  
1,000,000
1,000,000

Retained earnings
  
(32,431)
(808,306)

Shareholders' funds
  
967,569
191,694


Page 1

 
HAMILTON NEAL LIMITED
REGISTERED NUMBER: 13714603
    
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: 





A W Hill
Director

Date: 26 December 2024

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

Page 2

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

1.


General information

Hamilton Neal Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 13714603). The registered office address is Portwall Place, Portwall Lane, Bristol, BS1 6NA.

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 financial statements have been prepared on a going concern basis.
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.

  
2.4

Dividend income

Dividends are recognised when the Company's right to receive the payment is established.

 
2.5

Interest income

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

Page 3

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

2.Accounting policies (continued)

 
2.6

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 listed shares are classified as basic financial instruments. They are initially measured at transaction price and subsequently measured at fair value, with changes in fair value being recognised in profit or loss. Fair value is determined using the quoted bid price at the balance sheet date.
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 at 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.

 
2.7

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.

 
2.8

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 4

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

4.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 April 2023
8,185,363
21,431,946
29,617,309


Additions
3,379,815
-
3,379,815


Disposals
(3,202,088)
-
(3,202,088)


Revaluations
982,327
-
982,327



At 31 March 2024
9,345,417
21,431,946
30,777,363





5.


Debtors

2024
2023
£
£


Other debtors
25,128,131
25,127,815



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
3,629
12,171

Corporation tax
57,299
14,171

Other creditors
56,854,092
56,615,700

Accruals and deferred income
22,509
21,846

56,937,529
56,663,888



7.


Related party transactions

As at the balance sheet date the Company owed £56,854,092 (2023 - £56,615,701) to the directors, which is comprised of various loans. In the year ended 31 March 2024, £9,395,980 (2023 - £56,484,939 as restated) of these loans were interest bearing at HMRC's official rate of 2.25%. These loans are unsecured and repayable on demand.

Page 5

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

8.


Controlling party

The directors do not consider there to be an ultimate controlling party.

 
Page 6