Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31No description of principal activity2023-08-01false00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12505592 2023-08-01 2024-07-31 12505592 2022-08-01 2023-07-31 12505592 2024-07-31 12505592 2023-07-31 12505592 c:Director2 2023-08-01 2024-07-31 12505592 d:Buildings 2023-08-01 2024-07-31 12505592 d:Buildings 2024-07-31 12505592 d:Buildings 2023-07-31 12505592 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12505592 d:CurrentFinancialInstruments 2024-07-31 12505592 d:CurrentFinancialInstruments 2023-07-31 12505592 d:Non-currentFinancialInstruments 2024-07-31 12505592 d:Non-currentFinancialInstruments 2023-07-31 12505592 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12505592 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12505592 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 12505592 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 12505592 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 12505592 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 12505592 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 12505592 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 12505592 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-07-31 12505592 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 12505592 d:ShareCapital 2024-07-31 12505592 d:ShareCapital 2023-07-31 12505592 d:RetainedEarningsAccumulatedLosses 2024-07-31 12505592 d:RetainedEarningsAccumulatedLosses 2023-07-31 12505592 c:FRS102 2023-08-01 2024-07-31 12505592 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12505592 c:FullAccounts 2023-08-01 2024-07-31 12505592 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Registered number: 12505592









JARMAN WARD HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024














 
JARMAN WARD HOLDINGS LIMITED
REGISTERED NUMBER:12505592

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
225,422
230,252

Investments
 5 
100
100

  
225,522
230,352

Current assets
  

Cash at bank and in hand
  
1,362
3,195

  
1,362
3,195

Creditors: amounts falling due within one year
 6 
(37,926)
(13,914)

Net current liabilities
  
 
 
(36,564)
 
 
(10,719)

Total assets less current liabilities
  
188,958
219,633

Creditors: amounts falling due after more than one year
 7 
(111,620)
(119,591)

  

Net assets
  
77,338
100,042


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
77,238
99,942

  
77,338
100,042


Page 1

 
JARMAN WARD HOLDINGS LIMITED
REGISTERED NUMBER:12505592
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 26 November 2024.




A Ward
Director

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

Page 2

 
JARMAN WARD HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

Jarman Ward Holdings Limited is a private company, limited by shares, domiciled in England and Wales. The registered office is 52 High Street, Honiton EX14 1PQ.

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 confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
2.3

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.

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset are capitalised as part of the cost of that asset.

Page 3

 
JARMAN WARD HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
50 years straight line

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.

 
2.7

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.

 
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.

Page 4

 
JARMAN WARD HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

.Other financial assets
Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
JARMAN WARD HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.10

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 period was 0 (2023 - 0).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 August 2023
241,522



At 31 July 2024

241,522



Depreciation


At 1 August 2023
11,270


Charge for the period on owned assets
4,830



At 31 July 2024

16,100



Net book value



At 31 July 2024
225,422



At 31 July 2023
230,252

The carrying amount of investment property, which the Company rents to another group entity when it has chosen to account for such properties using the cost model is £225,422 (2023 - £230,252)

Page 6

 
JARMAN WARD HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

5.


Fixed asset investments





Jarman Ward Limited

£





At 1 August 2023
100




Jarman Ward Holdings Limited owns 100% of the called up share capital of Jarman Ward Limited, registration number: 10293997.


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,411
3,004

Amounts owed to group undertakings
33,370
9,820

Accruals and deferred income
1,145
1,090

37,926
13,914


The following liabilities were secured:

2024
2023
£
£



Bank loans
3,411
3,004

3,411
3,004

Details of security provided:

Included within creditors due within one year is £3,411 (2023 - £3,004) owed to Wesleyan Bank secured by way of a fixed charge over the freehold property of 52 High Street, Honiton, EX14 1PQ.

Page 7

 
JARMAN WARD HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
111,620
119,591

111,620
119,591


The following liabilities were secured:

2024
2023
£
£



Bank loans
111,620
119,591

111,620
119,591

Details of security provided:

Included within creditors due after more than one year is £111,620 (2023 - £119,591) owed to Wesleyan Bank secured by way of a fixed charge over the freehold property of 52 High Street, Honiton, EX14 1PQ.

Page 8

 
JARMAN WARD HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
3,411
3,004


3,411
3,004

Amounts falling due 1-2 years

Bank loans
3,595
3,166


3,595
3,166

Amounts falling due 2-5 years

Bank loans
11,987
10,556


11,987
10,556

Amounts falling due after more than 5 years

Bank loans
96,038
105,869

96,038
105,869

115,031
122,595


 
Page 9