Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31true2023-06-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12991973 2023-06-01 2024-05-31 12991973 2022-06-01 2023-05-31 12991973 2024-05-31 12991973 2023-05-31 12991973 c:Director1 2023-06-01 2024-05-31 12991973 c:Director2 2023-06-01 2024-05-31 12991973 d:Buildings d:ShortLeaseholdAssets 2023-06-01 2024-05-31 12991973 d:Buildings d:ShortLeaseholdAssets 2024-05-31 12991973 d:Buildings d:ShortLeaseholdAssets 2023-05-31 12991973 d:PlantMachinery 2023-06-01 2024-05-31 12991973 d:PlantMachinery 2024-05-31 12991973 d:PlantMachinery 2023-05-31 12991973 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 12991973 d:FurnitureFittings 2023-06-01 2024-05-31 12991973 d:FurnitureFittings 2024-05-31 12991973 d:FurnitureFittings 2023-05-31 12991973 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 12991973 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 12991973 d:CurrentFinancialInstruments 2024-05-31 12991973 d:CurrentFinancialInstruments 2023-05-31 12991973 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 12991973 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12991973 d:ShareCapital 2024-05-31 12991973 d:ShareCapital 2023-05-31 12991973 d:RetainedEarningsAccumulatedLosses 2024-05-31 12991973 d:RetainedEarningsAccumulatedLosses 2023-05-31 12991973 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 12991973 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 12991973 d:TaxLossesCarry-forwardsDeferredTax 2024-05-31 12991973 d:TaxLossesCarry-forwardsDeferredTax 2023-05-31 12991973 c:FRS102 2023-06-01 2024-05-31 12991973 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12991973 c:FullAccounts 2023-06-01 2024-05-31 12991973 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12991973 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 12991973









SOMERHILL COURT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
SOMERHILL COURT LIMITED
REGISTERED NUMBER: 12991973

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
210,714
247,583

  
210,714
247,583

Current assets
  

Debtors: amounts falling due within one year
  
(1)
-

  
(1)
-

Creditors: amounts falling due within one year
  
(200,574)
(244,246)

Net current liabilities
  
 
 
(200,575)
 
 
(244,246)

Total assets less current liabilities
  
10,139
3,337

Provisions for liabilities
  

Deferred tax
  
(19,152)
(2,890)

  
 
 
(19,152)
 
 
(2,890)

Net (liabilities)/assets
  
(9,013)
447


Capital and reserves
  

Called up share capital 
  
30
30

Profit and loss account
  
(9,043)
417

  
(9,013)
447


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 on 21 February 2025.

Page 1

 
SOMERHILL COURT LIMITED
REGISTERED NUMBER: 12991973
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024




................................................
A. Tabor
................................................
E. Hutchinson
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SOMERHILL COURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The legal form of the entity is a private company limited by shares, registered in England and Wales and the registered address is situated at Unit 3 Bradburys Court, Lyon Road, Harrow, Middlesex, HA1 2BY.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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:

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.

Page 3

 
SOMERHILL COURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

 
2.5

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
SOMERHILL COURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

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 reporting 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 reporting 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 reporting date.


 
2.7

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:

Short-term leasehold property
-
7%
Plant and machinery
-
15%
Straight Line
Fixtures and fittings
-
15%

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 5

 
SOMERHILL COURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
SOMERHILL COURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 June 2023
19,620
229,428
13,177
262,225


Additions
-
358
342
700



At 31 May 2024

19,620
229,786
13,519
262,925



Depreciation


At 1 June 2023
1,091
12,614
937
14,642


Charge for the year on owned assets
1,241
34,466
1,862
37,569



At 31 May 2024

2,332
47,080
2,799
52,211



Net book value



At 31 May 2024
17,288
182,706
10,720
210,714


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
198,384
244,245

Accruals and deferred income
2,190
1

200,574
244,246



6.


Deferred taxation




2024


£






At beginning of year
(2,891)


Charged to profit or loss
(16,262)



At end of year
(19,153)

Page 7

 
SOMERHILL COURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
 
6.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(52,678)
(50,992)

Tax losses carried forward
33,525
48,101

(19,153)
(2,891)


7.


Pension commitments

 
Page 8