Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31truetrue2022-08-28falseNo description of principal activity44The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05108659 2022-08-28 2024-01-31 05108659 2021-08-29 2022-08-27 05108659 2024-01-31 05108659 2022-08-27 05108659 c:Director5 2022-08-28 2024-01-31 05108659 d:Buildings 2022-08-28 2024-01-31 05108659 d:Buildings 2024-01-31 05108659 d:Buildings 2022-08-27 05108659 d:Buildings d:OwnedOrFreeholdAssets 2022-08-28 2024-01-31 05108659 d:Buildings d:LongLeaseholdAssets 2022-08-28 2024-01-31 05108659 d:PlantMachinery 2022-08-28 2024-01-31 05108659 d:PlantMachinery 2024-01-31 05108659 d:PlantMachinery 2022-08-27 05108659 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-28 2024-01-31 05108659 d:OwnedOrFreeholdAssets 2022-08-28 2024-01-31 05108659 d:CurrentFinancialInstruments 2024-01-31 05108659 d:CurrentFinancialInstruments 2022-08-27 05108659 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 05108659 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-27 05108659 d:ShareCapital 2024-01-31 05108659 d:ShareCapital 2022-08-27 05108659 d:RetainedEarningsAccumulatedLosses 2024-01-31 05108659 d:RetainedEarningsAccumulatedLosses 2022-08-27 05108659 c:FRS102 2022-08-28 2024-01-31 05108659 c:AuditExempt-NoAccountantsReport 2022-08-28 2024-01-31 05108659 c:FullAccounts 2022-08-28 2024-01-31 05108659 c:PrivateLimitedCompanyLtd 2022-08-28 2024-01-31 05108659 2 2022-08-28 2024-01-31 05108659 5 2022-08-28 2024-01-31 05108659 6 2022-08-28 2024-01-31 05108659 e:PoundSterling 2022-08-28 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 05108659









CHEALE GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2024

 
CHEALE GROUP LIMITED
REGISTERED NUMBER: 05108659

BALANCE SHEET
AS AT 31 JANUARY 2024

31 January
27 August
2024
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
6,120,985
-

Investments
 4 
-
10,218,100

  
6,120,985
10,218,100

Current assets
  

Debtors: amounts falling due within one year
 5 
997,371
-

Cash at bank and in hand
 6 
339,579
-

  
1,336,950
-

Creditors: amounts falling due within one year
 7 
(969,288)
-

Net current assets
  
 
 
367,662
 
 
-

Total assets less current liabilities
  
6,488,647
10,218,100

  

Net assets
  
6,488,647
10,218,100


Capital and reserves
  

Called up share capital 
  
10,208,000
10,208,000

Profit and loss account
  
(3,719,353)
10,100

  
6,488,647
10,218,100


Page 1

 
CHEALE GROUP LIMITED
REGISTERED NUMBER: 05108659
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 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 period 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 on 8 January 2025.


A H J Cheale
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CHEALE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

The Company is a private Company limited by shares incorporated in England and Wales. The address of its registered office is Orchard Farm, Little Warley, Brentwood, Essex, CM13 3EN.

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

Revenue

Rendering of services
Revenue derives from the services of managing a site. Revenue is recognised when the service is performed and all of the following conditions are satisfied:
•  the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the services agreement;
• the stage of completion of the services at the end of the reporting period can be measured reliably; and
• the costs incurred and the costs to complete the service can be measured reliably.

 
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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
CHEALE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

  
2.6

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

 
2.7

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.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods.

Depreciation is provided on the following annual basis:

Freehold property
-
2% - 10% on cost
Freehold Land
-
Not depreciated

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.

Page 4

 
CHEALE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.8

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

  
2.9

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in subsidiaries are measured at cost less accumulated impairment. Where merger relief is applicable, the cost of the investment in a subsidiary undertaking is measured at the nominal value of the shares issued together with the fair value of any additional consideration paid. 

 
2.11

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.

 
2.12

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.

Page 5

 
CHEALE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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.


Tangible fixed assets







Freehold property
Plant & machinery
Total

£
£
£



Cost or valuation


Additions
6,895,000
101,020
6,996,020


Disposals
(756,201)
-
(756,201)



At 31 January 2024

6,138,799
101,020
6,239,819



Depreciation


Charge for the period on owned assets
110,562
8,272
118,834



At 31 January 2024

110,562
8,272
118,834



Net book value



At 31 January 2024
6,028,237
92,748
6,120,985



At 27 August 2022
-
-
-

Page 6

 
CHEALE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

4.


Fixed asset investments








Investments in subsidiary companies

£





At 28 August 2022
10,218,100


Disposals
(10,218,100)



At 31 January 2024
-





5.


Debtors

31 January
27 August
2024
2022
£
£


Trade debtors
126,120
-

Other debtors
821,679
-

Prepayments
49,572
-

997,371
-



6.


Cash and cash equivalents

31 January
27 August
2024
2022
£
£

Cash at bank and in hand
339,579
-

339,579
-


Page 7

 
CHEALE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

31 January
27 August
2024
2022
£
£

Trade creditors
29,440
-

Amounts owed to group undertakings
2,000
-

Other taxation and social security
22,520
-

Other creditors
328
-

Accruals and deferred income
915,000
-

969,288
-


Page 8