Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30No description of principal activityfalse62023-05-016truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01382769 2023-05-01 2024-04-30 01382769 2022-05-01 2023-04-30 01382769 2024-04-30 01382769 2023-04-30 01382769 c:CompanySecretary1 2023-05-01 2024-04-30 01382769 c:Director1 2023-05-01 2024-04-30 01382769 c:RegisteredOffice 2023-05-01 2024-04-30 01382769 d:FurnitureFittings 2023-05-01 2024-04-30 01382769 d:FurnitureFittings 2024-04-30 01382769 d:FurnitureFittings 2023-04-30 01382769 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01382769 d:OfficeEquipment 2023-05-01 2024-04-30 01382769 d:OfficeEquipment 2024-04-30 01382769 d:OfficeEquipment 2023-04-30 01382769 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01382769 d:ComputerEquipment 2023-05-01 2024-04-30 01382769 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 01382769 d:OtherPropertyPlantEquipment 2024-04-30 01382769 d:OtherPropertyPlantEquipment 2023-04-30 01382769 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01382769 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01382769 d:Goodwill 2023-05-01 2024-04-30 01382769 d:Goodwill 2024-04-30 01382769 d:Goodwill 2023-04-30 01382769 d:ComputerSoftware 2024-04-30 01382769 d:ComputerSoftware 2023-04-30 01382769 d:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 01382769 d:CurrentFinancialInstruments 2024-04-30 01382769 d:CurrentFinancialInstruments 2023-04-30 01382769 d:Non-currentFinancialInstruments 2024-04-30 01382769 d:Non-currentFinancialInstruments 2023-04-30 01382769 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 01382769 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 01382769 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 01382769 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 01382769 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 01382769 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 01382769 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 01382769 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 01382769 d:ShareCapital 2024-04-30 01382769 d:ShareCapital 2023-04-30 01382769 d:RetainedEarningsAccumulatedLosses 2024-04-30 01382769 d:RetainedEarningsAccumulatedLosses 2023-04-30 01382769 c:OrdinaryShareClass1 2023-05-01 2024-04-30 01382769 c:OrdinaryShareClass1 2024-04-30 01382769 c:OrdinaryShareClass1 2023-04-30 01382769 c:FRS102 2023-05-01 2024-04-30 01382769 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 01382769 c:FullAccounts 2023-05-01 2024-04-30 01382769 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01382769 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-05-01 2024-04-30 01382769 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-05-01 2024-04-30 01382769 2 2023-05-01 2024-04-30 01382769 d:ExternallyAcquiredIntangibleAssets 2023-05-01 2024-04-30 01382769 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 01382769 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 01382769 d:RetirementBenefitObligationsDeferredTax 2024-04-30 01382769 d:RetirementBenefitObligationsDeferredTax 2023-04-30 01382769 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 01382769 d:ComputerSoftware d:OwnedIntangibleAssets 2023-05-01 2024-04-30 01382769 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01382769









ROBERT HARDING PICTURE LIBRARY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
ROBERT HARDING PICTURE LIBRARY LIMITED
 
 
COMPANY INFORMATION


Director
R A Harding 




Company secretary
D Harding



Registered number
01382769



Registered office
18a/20 King Street

Maidenhead

Berkshire

United Kingdom

SL6 1EF




Accountants
Donald Reid Limited

1010 Eskdale Road

Winnersh

Wokingham

RG41 5TS





 
ROBERT HARDING PICTURE LIBRARY LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 12


 
ROBERT HARDING PICTURE LIBRARY LIMITED
REGISTERED NUMBER: 01382769

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
£
£

Fixed assets
  

Intangible assets
 4 
8,297
7,138

Tangible assets
 5 
247,485
258,052

  
255,782
265,190

Current assets
  

Debtors: amounts falling due within one year
 6 
40,002
62,976

Cash at bank and in hand
 7 
100
100

  
40,102
63,076

Creditors: amounts falling due within one year
 8 
(215,988)
(247,678)

Net current liabilities
  
 
 
(175,886)
 
 
(184,602)

Total assets less current liabilities
  
79,896
80,588

Creditors: amounts falling due after more than one year
 9 
(27,490)
(47,092)

Provisions for liabilities
  

Deferred tax
 11 
(46,990)
(43,428)

  
 
 
(46,990)
 
 
(43,428)

Net assets/(liabilities)
  
5,416
(9,932)


Capital and reserves
  

Called up share capital 
 12 
10,000
10,000

Profit and loss account
  
(4,584)
(19,932)

  
5,416
(9,932)


Page 1

 
ROBERT HARDING PICTURE LIBRARY LIMITED
REGISTERED NUMBER: 01382769
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers 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 director acknowledges his 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 14 January 2025.




R A Harding
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
ROBERT HARDING PICTURE LIBRARY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Robert Harding Picture Library Limited is a private company limited by shares. The company was incorporated in United Kingdom and is registered in England and Wales. The registered address is 18a/20 King Street, Maidenhead, Berkshire, United Kingdom, SL6 1EF. The registered number is 01382769.

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

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
ROBERT HARDING PICTURE LIBRARY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

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

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 4

 
ROBERT HARDING PICTURE LIBRARY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

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.


Page 5

 
ROBERT HARDING PICTURE LIBRARY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
Fully amortised
Computer software
-
5% reducing balance

 
2.11

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 and on a reducing balance basis..

Depreciation is provided on the following basis:

Fixtures and fittings
-
20% straight line
Office equipment
-
20% straight line
Photographic library
-
5% 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.

 
2.12

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.

 
2.13

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 6

 
ROBERT HARDING PICTURE LIBRARY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.14

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.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans
and other accounts receivable and payable, are initially measured at present value of the future cash
flows and subsequently at amortised cost using the effective interest method. Debt instruments that
are payable or receivable within one year, typically trade debtors and creditors, are measured, initially
and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid
or received. However, if the arrangements of a short-term instrument constitute a financing
transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an
out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially
at the present value of future cash flows discounted at a market rate of interest for a similar debt
instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found, an
impairment loss is recognised in the Statement of income and retained earnings.
For financial assets measured at amortised cost, the impairment loss is measured as the difference
between an asset's carrying amount and the present value of estimated cash flows discounted at the
asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate
for measuring any impairment loss is the current effective interest rate determined under the
contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the
difference between an asset's carrying amount and best estimate of the recoverable amount, which is
an approximation of the amount that the Company would receive for the asset if it were to be sold at
the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when
there is an 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.

Page 7

 
ROBERT HARDING PICTURE LIBRARY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


Intangible assets




Computer software
Goodwill
Total

£
£
£



Cost


At 1 May 2023
7,635
45,000
52,635


Additions
1,555
-
1,555



At 30 April 2024

9,190
45,000
54,190



Amortisation


At 1 May 2023
497
45,000
45,497


Charge for the year on owned assets
396
-
396



At 30 April 2024

893
45,000
45,893



Net book value



At 30 April 2024
8,297
-
8,297



At 30 April 2023
7,138
-
7,138



Page 8

 
ROBERT HARDING PICTURE LIBRARY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Photographic 
library
Total

£
£
£
£



Cost or valuation


At 1 May 2023
5,244
44,598
1,301,548
1,351,390


Additions
-
133
4,669
4,802


Disposals
(4,495)
(33,044)
-
(37,539)



At 30 April 2024

749
11,687
1,306,217
1,318,653



Depreciation


At 1 May 2023
4,507
35,667
1,053,164
1,093,338


Charge for the year on owned assets
150
2,714
12,505
15,369


Disposals
(4,495)
(33,044)
-
(37,539)



At 30 April 2024

162
5,337
1,065,669
1,071,168



Net book value



At 30 April 2024
587
6,350
240,548
247,485



At 30 April 2023
737
8,931
248,384
258,052


6.


Debtors

2024
2023
£
£


Trade debtors
25,766
45,442

Other debtors
1,430
4,706

Prepayments and accrued income
12,806
12,828

40,002
62,976


Page 9

 
ROBERT HARDING PICTURE LIBRARY 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
100
100

Bank overdrafts
(41,249)
(35,433)

(41,149)
(35,333)



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
41,249
35,433

Bank loans
19,602
24,401

Trade creditors
122,796
139,278

Corporation tax
907
-

Other taxation and social security
3,861
2,559

Other creditors
17,906
36,148

Accruals and deferred income
9,667
9,859

215,988
247,678





9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
27,490
47,092

27,490
47,092


Page 10

 
ROBERT HARDING PICTURE LIBRARY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
19,602
24,401


19,602
24,401

Amounts falling due 1-2 years

Bank loans
19,800
19,602


19,800
19,602

Amounts falling due 2-5 years

Bank loans
7,690
27,490


7,690
27,490


47,092
71,493


The bank loan is secured through a fixed and floating charge on the business assets.


11.


Deferred taxation




2024


£






At beginning of year
(43,428)


Charged to profit or loss
(3,562)



At end of year
(46,990)

Page 11

 
ROBERT HARDING PICTURE LIBRARY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
 
11.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(47,023)
(43,461)

Pension surplus
33
33

(46,990)
(43,428)


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 (2023 - 10,000) Ordinary shares of £1.00 each
10,000
10,000



13.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently adminstered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,081 (2023: £2,081). Contributions totalling £463 (2023: £463) were payable to the fund at the balance sheet date and are included in other creditors.


14.


Related party transactions

At the year end, inluded in other creditors is the amount of £2,538 (2023: included in other debtors: £4,705) owed from the company to the director.

 
Page 12