Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-304Property development and investment2023-07-01false3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01045489 2023-07-01 2024-06-30 01045489 2022-07-01 2023-06-30 01045489 2024-06-30 01045489 2023-06-30 01045489 2022-07-01 01045489 c:Director1 2023-07-01 2024-06-30 01045489 d:CurrentFinancialInstruments 2024-06-30 01045489 d:CurrentFinancialInstruments 2023-06-30 01045489 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 01045489 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 01045489 d:ShareCapital 2024-06-30 01045489 d:ShareCapital 2023-06-30 01045489 d:ShareCapital 2022-07-01 01045489 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 01045489 d:RetainedEarningsAccumulatedLosses 2024-06-30 01045489 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 01045489 d:RetainedEarningsAccumulatedLosses 2023-06-30 01045489 d:RetainedEarningsAccumulatedLosses 2022-07-01 01045489 c:FRS102 2023-07-01 2024-06-30 01045489 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 01045489 c:FullAccounts 2023-07-01 2024-06-30 01045489 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01045489 2 2023-07-01 2024-06-30 01045489 6 2023-07-01 2024-06-30 01045489 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 01045489










THE HARVEY-RIX INVESTMENT COMPANY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
THE HARVEY-RIX INVESTMENT COMPANY LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Statement of Changes in Equity
 
2
Notes to the Financial Statements
 
3 - 7


 
THE HARVEY-RIX INVESTMENT COMPANY LIMITED
REGISTERED NUMBER: 01045489

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
3,129,870
3,129,870

  
3,129,870
3,129,870

Current assets
  

Debtors: amounts falling due within one year
 5 
233,174
233,720

Cash at bank and in hand
 6 
7,947
20,115

  
241,121
253,835

Creditors: amounts falling due within one year
 7 
(1,112,056)
(1,092,056)

Net current liabilities
  
 
 
(870,935)
 
 
(838,221)

Total assets less current liabilities
  
2,258,935
2,291,649

Net assets
  
2,258,935
2,291,649


Capital and reserves
  

Called up share capital 
  
105,263
105,263

Profit and loss account
  
2,153,672
2,186,386

Shareholders' funds
  
2,258,935
2,291,649


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 profit and loss account 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 31 January 2025.


................................................
C N Phoenix
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 1

 
THE HARVEY-RIX INVESTMENT COMPANY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 July 2023
105,263
2,186,386
2,291,649



Profit for the year
-
167,286
167,286

Dividends: Equity capital
-
(200,000)
(200,000)


At 30 June 2024
105,263
2,153,672
2,258,935



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 July 2022
105,263
1,422,391
1,527,654



Profit for the year
-
963,995
963,995

Dividends: Equity capital
-
(200,000)
(200,000)


At 30 June 2023
105,263
2,186,386
2,291,649


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THE HARVEY-RIX INVESTMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is a private company limited by shares, and is incorporated in England and Wales (01045489). The address of its registered office is 24 Fitzroy Square, London, W1T 6EP.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

  
2.3

Revenue

Revenue represents fees receivable, net of VAT and is recognised in the period in which it relates.

 
2.4

Going concern

The directors have prepared the accounts on a going concern basis taking into account the current market position and prospects of the company and also the continued working capital support provided by the parent company.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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 3

 
THE HARVEY-RIX INVESTMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

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.

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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due within the operating cycle fall into this category of financial instruments.

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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

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 4

 
THE HARVEY-RIX INVESTMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.9

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.

 
2.10

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.

 
2.11

Interest income

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

 
2.12

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.



3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 4).

Page 5

 
THE HARVEY-RIX INVESTMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 July 2023
1,672,620
1,457,250
3,129,870



At 30 June 2024
1,672,620
1,457,250
3,129,870





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
55,020
52,800

Amounts owed by joint ventures and associated undertakings
3,270
3,270

Other debtors
170,030
177,650

Prepayments and accrued income
4,854
-

233,174
233,720



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,947
20,115



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
1,099,477
1,079,477

Other taxation and social security
7,579
7,579

Accruals and deferred income
5,000
5,000

1,112,056
1,092,056


Page 6

 
THE HARVEY-RIX INVESTMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Related party transactions

At the balance sheet date £173,300 (2022: £180,920) was due from companies with a common director.
At the balance sheet date £55,020 (2022: £52,800) was due from a subsidiary entitiy.
Included within administrative expenses is £54,171 (2022: £54,622) incurred by companies with a common director.
The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ not to disclose related party transactions between two or more wholly owned members of a group.

 
Page 7