Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true2023-05-01false5No description of principal activity5falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00822673 2023-05-01 2024-04-30 00822673 2022-05-01 2023-04-30 00822673 2024-04-30 00822673 2023-04-30 00822673 c:Director1 2023-05-01 2024-04-30 00822673 d:FurnitureFittings 2023-05-01 2024-04-30 00822673 d:FurnitureFittings 2024-04-30 00822673 d:FurnitureFittings 2023-04-30 00822673 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00822673 d:ComputerEquipment 2023-05-01 2024-04-30 00822673 d:ComputerEquipment 2024-04-30 00822673 d:ComputerEquipment 2023-04-30 00822673 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00822673 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00822673 d:CurrentFinancialInstruments 2024-04-30 00822673 d:CurrentFinancialInstruments 2023-04-30 00822673 d:Non-currentFinancialInstruments 2024-04-30 00822673 d:Non-currentFinancialInstruments 2023-04-30 00822673 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 00822673 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 00822673 d:ShareCapital 2024-04-30 00822673 d:ShareCapital 2023-04-30 00822673 d:RetainedEarningsAccumulatedLosses 2024-04-30 00822673 d:RetainedEarningsAccumulatedLosses 2023-04-30 00822673 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 00822673 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 00822673 c:FRS102 2023-05-01 2024-04-30 00822673 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 00822673 c:FullAccounts 2023-05-01 2024-04-30 00822673 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 00822673 2 2023-05-01 2024-04-30 00822673 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 00822673


MAURICE SEDWELL (SAVILE ROW) 
LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
MAURICE SEDWELL (SAVILE ROW) LIMITED
REGISTERED NUMBER: 00822673

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,687
3,305

  
2,687
3,305

Current assets
  

Stocks
  
39,178
33,624

Debtors: amounts falling due after more than one year
 5 
63,731
63,731

Debtors: amounts falling due within one year
 5 
291,727
503,017

Cash at bank and in hand
 6 
199,684
105,150

  
594,320
705,522

Creditors: amounts falling due within one year
 7 
(613,168)
(906,698)

Net current liabilities
  
 
 
(18,848)
 
 
(201,176)

Total assets less current liabilities
  
(16,161)
(197,871)

Provisions for liabilities
  

Deferred tax
 8 
(699)
(699)

  
 
 
(699)
 
 
(699)

Net liabilities
  
(16,860)
(198,570)


Capital and reserves
  

Called up share capital 
  
6,640
6,640

Profit and loss account
  
(23,500)
(205,210)

  
(16,860)
(198,570)


Page 1

 
MAURICE SEDWELL (SAVILE ROW) LIMITED
REGISTERED NUMBER: 00822673
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 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 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: 




................................................
A M Ramroop
Director

Date: 16 December 2024

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

Page 2

 
MAURICE SEDWELL (SAVILE ROW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Maurice Sedwell (Saville Row) Limited is a private limited company which is incorporated and domiciled in the UK. The registered office address is 1 Vincent Square, London, SW1P 2PN.

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 Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
MAURICE SEDWELL (SAVILE ROW) 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

 
MAURICE SEDWELL (SAVILE ROW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.


 
2.9

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.

Page 5

 
MAURICE SEDWELL (SAVILE ROW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

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:

Computer equipment
-
33%

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.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

 
2.12

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.

 
2.13

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 6

 
MAURICE SEDWELL (SAVILE ROW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.14

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
415
14,048
14,463


Additions
432
-
432



At 30 April 2024

847
14,048
14,895



Depreciation


At 1 May 2023
-
11,158
11,158


Charge for the year on owned assets
-
1,050
1,050



At 30 April 2024

-
12,208
12,208



Net book value



At 30 April 2024
847
1,840
2,687



At 30 April 2023
415
2,890
3,305

Page 7

 
MAURICE SEDWELL (SAVILE ROW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
63,731
63,731

63,731
63,731


2024
2023
£
£

Due within one year

Trade debtors
226,157
250,689

Amounts owed by group undertakings
33,193
-

Other debtors
32,377
31,576

Prepayments and accrued income
-
220,752

291,727
503,017



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
199,684
105,150

199,684
105,150



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
31,455
27,423

Amounts owed to group undertakings
253,409
500,401

Corporation tax
43,936
-

Other taxation and social security
10,788
2,071

Other creditors
56,384
59,857

Accruals and deferred income
217,196
316,946

613,168
906,698


Page 8

 
MAURICE SEDWELL (SAVILE ROW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Deferred taxation




2024


£






At beginning of year
(699)



At end of year
(699)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(699)
(699)

(699)
(699)


9.


Related party transactions

Included within other creditors is an amount of £253,409 (2023: £500,401) due to companies controlled by the director.  There was interest charged of £12,709 (2023: £18,391) for the year relating to these balances.

 
Page 9