Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-302023-05-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09556856 2023-05-01 2024-04-30 09556856 2022-05-01 2023-04-30 09556856 2024-04-30 09556856 2023-04-30 09556856 c:Director1 2023-05-01 2024-04-30 09556856 d:MotorVehicles 2023-05-01 2024-04-30 09556856 d:MotorVehicles 2024-04-30 09556856 d:MotorVehicles 2023-04-30 09556856 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09556856 d:ComputerEquipment 2023-05-01 2024-04-30 09556856 d:ComputerEquipment 2024-04-30 09556856 d:ComputerEquipment 2023-04-30 09556856 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09556856 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09556856 d:CurrentFinancialInstruments 2024-04-30 09556856 d:CurrentFinancialInstruments 2023-04-30 09556856 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 09556856 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09556856 d:ShareCapital 2024-04-30 09556856 d:ShareCapital 2023-04-30 09556856 d:RetainedEarningsAccumulatedLosses 2024-04-30 09556856 d:RetainedEarningsAccumulatedLosses 2023-04-30 09556856 c:FRS102 2023-05-01 2024-04-30 09556856 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09556856 c:FullAccounts 2023-05-01 2024-04-30 09556856 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09556856 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 09556856









HVB DEVELOPMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
HVB DEVELOPMENT LTD
REGISTERED NUMBER: 09556856

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
14,838
12,530

  
14,838
12,530

Current assets
  

Debtors: amounts falling due within one year
 5 
6,920
158,713

Current asset investments
 6 
1,255,385
586,559

Cash at bank and in hand
 7 
63,726
58,417

  
1,326,031
803,689

Creditors: amounts falling due within one year
 8 
(228,200)
(366,486)

Net current assets
  
 
 
1,097,831
 
 
437,203

Total assets less current liabilities
  
1,112,669
449,733

  

Net assets
  
1,112,669
449,733


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,112,569
449,633

  
1,112,669
449,733


Page 1

 
HVB DEVELOPMENT LTD
REGISTERED NUMBER: 09556856
    
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 by: 




................................................
C H E Van Bilderbeek
Director

Date: 3 February 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
HVB DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

HvB Development Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Ground Floor, 45 Pall Mall, London, SW1Y 5JG.
The Company's principal activity is that of property development.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
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.

 
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.

 
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.

Page 3

 
HVB DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Taxation

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.


 
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:

Motor vehicles
-
25%
reducing balance
Computer equipment
-
33%
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
HVB DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
22,683
8,136
30,819


Additions
-
6,731
6,731



At 30 April 2024

22,683
14,867
37,550



Depreciation


At 1 May 2023
13,114
5,175
18,289


Charge for the year on owned assets
2,392
2,031
4,423



At 30 April 2024

15,506
7,206
22,712



Net book value



At 30 April 2024
7,177
7,661
14,838



At 30 April 2023
9,569
2,961
12,530


5.


Debtors

2024
2023
£
£


Trade debtors
-
157,513

Prepayments and accrued income
6,920
1,200

6,920
158,713



6.


Current asset investments

2024
2023
£
£

Investments
1,255,385
586,559

1,255,385
586,559


Page 5

 
HVB DEVELOPMENT LTD
 
 
 
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
63,726
58,417

Less: bank overdrafts
(45)
(56)

63,681
58,361



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
45
56

Trade creditors
17,443
139,420

Amounts owed to group undertakings
200
200

Corporation tax
82,040
42,519

Other taxation and social security
26,080
58,941

Obligations under finance lease and hire purchase contracts
-
9,003

Other creditors
95,847
111,957

Accruals and deferred income
6,545
4,390

228,200
366,486



9.


Pension commitments

The company operated a defined contribution pension scheme. The pension cost charge represents contributions payable by the company to the fund and amounted to £190 (2023: £Nil). There was an outstanding balance of £443 (2023: £Nil) at the year end.


10.


Controlling party

The ultimate parent company and controlling party is HVB Capital Ltd, a company registered in England and Wales.
At the balance sheet date, the company owed £200 
(2023: £200) to HVB Capital Ltd.

 
Page 6