Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.44truetrue 03038196 2023-05-01 2024-04-30 03038196 2022-05-01 2023-04-30 03038196 2024-04-30 03038196 2023-04-30 03038196 c:Director1 2023-05-01 2024-04-30 03038196 c:Director2 2023-05-01 2024-04-30 03038196 c:Director3 2023-05-01 2024-04-30 03038196 d:OfficeEquipment 2023-05-01 2024-04-30 03038196 d:OfficeEquipment 2024-04-30 03038196 d:OfficeEquipment 2023-04-30 03038196 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03038196 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 03038196 d:FreeholdInvestmentProperty 2024-04-30 03038196 d:FreeholdInvestmentProperty 2023-04-30 03038196 d:CurrentFinancialInstruments 2024-04-30 03038196 d:CurrentFinancialInstruments 2023-04-30 03038196 d:Non-currentFinancialInstruments 2024-04-30 03038196 d:Non-currentFinancialInstruments 2023-04-30 03038196 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03038196 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03038196 d:ShareCapital 2024-04-30 03038196 d:ShareCapital 2023-04-30 03038196 d:InvestmentPropertiesRevaluationReserve 2024-04-30 03038196 d:InvestmentPropertiesRevaluationReserve 2023-04-30 03038196 d:RetainedEarningsAccumulatedLosses 2024-04-30 03038196 d:RetainedEarningsAccumulatedLosses 2023-04-30 03038196 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 03038196 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 03038196 d:OtherDeferredTax 2024-04-30 03038196 d:OtherDeferredTax 2023-04-30 03038196 c:FRS102 2023-05-01 2024-04-30 03038196 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03038196 c:FullAccounts 2023-05-01 2024-04-30 03038196 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03038196 2 2023-05-01 2024-04-30 03038196 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 03038196









AMY MATHEWS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
AMY MATHEWS LIMITED
REGISTERED NUMBER: 03038196

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
280
374

Investment property
 5 
5,809,661
5,783,811

  
5,809,941
5,784,185

Current assets
  

Debtors: amounts falling due after more than one year
 6 
560,000
-

Debtors: amounts falling due within one year
 6 
39,527
15,090

Cash at bank and in hand
 7 
2,329,434
4,248,295

  
2,928,961
4,263,385

Creditors: amounts falling due within one year
 8 
(7,207,735)
(8,735,213)

Net current liabilities
  
 
 
(4,278,774)
 
 
(4,471,828)

Total assets less current liabilities
  
1,531,167
1,312,357

Provisions for liabilities
  

Deferred tax
 9 
(296,179)
(296,203)

  
 
 
(296,179)
 
 
(296,203)

Net assets
  
1,234,988
1,016,154


Capital and reserves
  

Called up share capital 
  
100
100

Non distributable reserve
  
81,447
81,447

Profit and loss account
  
1,153,441
934,607

  
1,234,988
1,016,154


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.
 
Page 1

 
AMY MATHEWS LIMITED
REGISTERED NUMBER: 03038196
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024


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 comprehensive income 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: 



Amy Smith
Mathew Houldsworth
Director
Director


Richard Houldsworth
Director




Date: 16 January 2025

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

Page 2

 
AMY MATHEWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Amy Mathews Limited is a private company limited by shares, registered in England and Wales.  The registered office address is 30 Leeds Road, Otley, LS21 1BT and the registerd number is 03038196.

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

Interest income

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

 
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.

Page 3

 
AMY MATHEWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

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.


 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
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.

Page 4

 
AMY MATHEWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Investment property

Investment property is carried at fair value determined annually by the directors or 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 the Statement of Comprehensive income.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. 

 
2.11

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.

 
2.12

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

2024
2023
£
£

Wages and salaries
9,960
9,936

Social security costs
119
125

10,079
10,061


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

Page 5

 
AMY MATHEWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 May 2023
499



At 30 April 2024

499



Depreciation


At 1 May 2023
125


Charge for the year on owned assets
94



At 30 April 2024

219



Net book value



At 30 April 2024
280



At 30 April 2023
374

Page 6

 
AMY MATHEWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
5,783,811


Additions at cost
25,850



At 30 April 2024
5,809,661

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

2024
2023
£
£

Revaluation reserves


At 1 May 2023
81,447
141,961

Net deficit in movement properties
-
(60,514)

At 30 April 2024
81,447
81,447




Page 7

 
AMY MATHEWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
560,000
-

560,000
-


2024
2023
£
£

Due within one year

Trade debtors
17,251
13,052

Other debtors
20,015
14

Prepayments and accrued income
2,261
2,024

39,527
15,090



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,329,434
4,248,295

2,329,434
4,248,295



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
10,333

Corporation tax
94,406
15,934

Other taxation and social security
16,521
13,165

Other creditors
7,046,820
8,645,171

Accruals and deferred income
49,988
50,610

7,207,735
8,735,213


Page 8

 
AMY MATHEWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Deferred taxation




2024


£






At beginning of year
(296,203)


Utilised in year
24



At end of year
(296,179)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(44,037)
(44,061)

Unrealised surpluses on revaluations of investment  property
(252,142)
(252,142)

(296,179)
(296,203)

 
Page 9