Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-30true2023-05-01falseNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00625174 2023-05-01 2024-04-30 00625174 2022-05-01 2023-04-30 00625174 2024-04-30 00625174 2023-04-30 00625174 c:Director1 2023-05-01 2024-04-30 00625174 c:Director2 2023-05-01 2024-04-30 00625174 d:PlantMachinery 2023-05-01 2024-04-30 00625174 d:PlantMachinery 2024-04-30 00625174 d:PlantMachinery 2023-04-30 00625174 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00625174 d:FurnitureFittings 2023-05-01 2024-04-30 00625174 d:FurnitureFittings 2024-04-30 00625174 d:FurnitureFittings 2023-04-30 00625174 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00625174 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00625174 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 00625174 d:FreeholdInvestmentProperty 2024-04-30 00625174 d:FreeholdInvestmentProperty 2023-04-30 00625174 d:FreeholdInvestmentProperty 2 2023-05-01 2024-04-30 00625174 d:CurrentFinancialInstruments 2024-04-30 00625174 d:CurrentFinancialInstruments 2023-04-30 00625174 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 00625174 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 00625174 d:ShareCapital 2024-04-30 00625174 d:ShareCapital 2023-04-30 00625174 d:RetainedEarningsAccumulatedLosses 2024-04-30 00625174 d:RetainedEarningsAccumulatedLosses 2023-04-30 00625174 d:OtherDeferredTax 2024-04-30 00625174 d:OtherDeferredTax 2023-04-30 00625174 c:FRS102 2023-05-01 2024-04-30 00625174 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 00625174 c:FullAccounts 2023-05-01 2024-04-30 00625174 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 00625174 2 2023-05-01 2024-04-30 00625174 5 2023-05-01 2024-04-30 00625174 f:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 00625174









F.H. HALE & SONS (BUILDERS) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
F.H. HALE & SONS (BUILDERS) LIMITED
REGISTERED NUMBER: 00625174

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
300
334

Investment property
 5 
15,016,000
15,078,191

  
15,016,300
15,078,525

Current assets
  

Debtors: amounts falling due within one year
 6 
66,961
22,568

Cash at bank and in hand
 7 
1,600,412
1,012,994

  
1,667,373
1,035,562

Creditors: amounts falling due within one year
 8 
(305,814)
(126,763)

Net current assets
  
 
 
1,361,559
 
 
908,799

Total assets less current liabilities
  
16,377,859
15,987,324

Provisions for liabilities
  

Deferred tax
 9 
(1,951,449)
(1,993,258)

  
 
 
(1,951,449)
 
 
(1,993,258)

Net assets
  
14,426,410
13,994,066


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
14,416,410
13,984,066

  
14,426,410
13,994,066

Page 1

 
F.H. HALE & SONS (BUILDERS) LIMITED
REGISTERED NUMBER: 00625174
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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: 




Mrs A Dodd
Mr B Gillett
Director
Director


Date: 14 January 2025

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
F.H. HALE & SONS (BUILDERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

F.H. Hale & Sons (Builders) Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is First Floor, Radius House, 51 Clarendon Road, Watford, Hertfordshire, WD17 1HP.
The company's principal activity is that of property investment.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.. 

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

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

Rendering of services

Revenue 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 revenue 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.

 
2.3

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.

Page 3

 
F.H. HALE & SONS (BUILDERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
reducing balance
Fixtures and fittings
-
10%
reducing balance

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

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.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors 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.

 
2.6

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.

 
2.7

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 4

 
F.H. HALE & SONS (BUILDERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

Interest income

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

 
2.11

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
F.H. HALE & SONS (BUILDERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 May 2023
7,185
2,250
9,435


Disposals
(7,185)
-
(7,185)



At 30 April 2024

-
2,250
2,250



Depreciation


At 1 May 2023
7,184
1,917
9,101


Charge for the year on owned assets
1
33
34


Disposals
(7,185)
-
(7,185)



At 30 April 2024

-
1,950
1,950



Net book value



At 30 April 2024
-
300
300



At 30 April 2023
1
333
334

Page 6

 
F.H. HALE & SONS (BUILDERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
15,078,191


Additions at cost
799,512


Disposals
(1,625,000)


Surplus on revaluation
763,297



At 30 April 2024
15,016,000


Comprising


Cost and prior years revaluations surplus/(deficit)
15,851,365

Annual revaluation surplus/(deficit):


Revaluation on properties disposed of in 2024
(1,598,662)

Revaluation of remaining properties in 2024
763,297

At 30 April 2024
15,016,000

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


2024
2023
£
£


Historic cost
1,919,221
1,146,047

Accumulated revaluations
13,096,779
13,932,144

15,016,000
15,078,191


6.


Debtors

2024
2023
£
£


Other debtors
60,742
12,559

Prepayments and accrued income
6,219
10,009

66,961
22,568


Page 7

 
F.H. HALE & SONS (BUILDERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,600,412
1,012,994

1,600,412
1,012,994



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
287,027
100,722

Other taxation and social security
-
1,737

Other creditors
-
10,684

Accruals and deferred income
18,787
13,620

305,814
126,763



9.


Deferred taxation




2024


£






At beginning of year
(1,993,258)


Charged to profit or loss
41,809



At end of year
(1,951,449)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Property revaluations
(1,951,449)
(1,993,258)

(1,951,449)
(1,993,258)


10.


Related party transactions

A loan by the company to Hale & Gillett Investments Limited, a company associated by virtue of common control, included in other debtors amounted to £60,742 (2023 - £12,559). 

 
Page 8