Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3132023-04-01falseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00612581 2023-04-01 2024-03-31 00612581 2022-04-01 2023-03-31 00612581 2024-03-31 00612581 2023-03-31 00612581 c:Director4 2023-04-01 2024-03-31 00612581 d:FurnitureFittings 2023-04-01 2024-03-31 00612581 d:FurnitureFittings 2024-03-31 00612581 d:FurnitureFittings 2023-03-31 00612581 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00612581 d:ComputerEquipment 2023-04-01 2024-03-31 00612581 d:ComputerEquipment 2024-03-31 00612581 d:ComputerEquipment 2023-03-31 00612581 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00612581 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00612581 d:FreeholdInvestmentProperty 2024-03-31 00612581 d:FreeholdInvestmentProperty 2023-03-31 00612581 d:CurrentFinancialInstruments 2024-03-31 00612581 d:CurrentFinancialInstruments 2023-03-31 00612581 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00612581 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00612581 d:ShareCapital 2024-03-31 00612581 d:ShareCapital 2023-03-31 00612581 d:CapitalRedemptionReserve 2024-03-31 00612581 d:CapitalRedemptionReserve 2023-03-31 00612581 d:RevaluationReserve 2024-03-31 00612581 d:RevaluationReserve 2023-03-31 00612581 d:RetainedEarningsAccumulatedLosses 2024-03-31 00612581 d:RetainedEarningsAccumulatedLosses 2023-03-31 00612581 c:FRS102 2023-04-01 2024-03-31 00612581 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00612581 c:FullAccounts 2023-04-01 2024-03-31 00612581 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00612581 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 00612581 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 00612581 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 00612581 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 00612581 4 2023-04-01 2024-03-31 00612581 6 2023-04-01 2024-03-31 00612581 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 00612581









ASSOCIATES HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ASSOCIATES HOLDINGS LIMITED
REGISTERED NUMBER: 00612581

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,056
184

Investments
 5 
51
51

Investment property
 6 
1,411,259
1,411,259

  
1,412,366
1,411,494

Current assets
  

Stocks
 7 
25,000
25,000

Debtors: amounts falling due within one year
 8 
570,062
306,425

Cash at bank and in hand
 9 
20,002
309,809

  
615,064
641,234

Creditors: amounts falling due within one year
 10 
(19,723)
(21,387)

Net current assets
  
 
 
595,341
 
 
619,847

Total assets less current liabilities
  
2,007,707
2,031,341

Provisions for liabilities
  

Deferred tax
 11 
(136,536)
(93,528)

  
 
 
(136,536)
 
 
(93,528)

Net assets
  
1,871,171
1,937,813


Capital and reserves
  

Called up share capital 
  
166
166

Revaluation reserve
  
567,410
567,410

Capital redemption reserve
  
34
34

Profit and loss account
  
1,303,561
1,370,203

  
1,871,171
1,937,813


Page 1

 
ASSOCIATES HOLDINGS LIMITED
REGISTERED NUMBER: 00612581
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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: 




S D Moss
Director

Date: 27 March 2025

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

Page 2

 
ASSOCIATES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Associates Holdings Limited is a private company limited by shares and incorporated in England (registered number 00612581). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. 
The principal activity of the Company is that of the provision of consultancy services, dealing in securities and ground rents and providing property management services. 
The financial statements are presented in Sterling, which is the functional currency of the Company.

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

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.3

Going concern

In assessing the ability of the entity to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the entity. As a result, the directors consider it’s appropriate to prepare the financial statements on a going concern basis.

 
2.4

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 3

 
ASSOCIATES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
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:

Fixtures and fittings
-
15% Reducing Balance
Computer equipment
-
15% 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.

 
2.5

Investment properties

Investment properties are carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

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 first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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.

 
2.8

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.

 
2.9

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 4

 
ASSOCIATES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 5

 
ASSOCIATES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

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


4.


Tangible fixed assets





Plant & Machinery etc
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
7,021
2,252
9,273


Additions
-
1,000
1,000



At 31 March 2024

7,021
3,252
10,273



Depreciation


At 1 April 2023
6,837
2,252
9,089


Charge for the year on owned assets
28
100
128



At 31 March 2024

6,865
2,352
9,217



Net book value



At 31 March 2024
156
900
1,056



At 31 March 2023
184
-
184


5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost or valuation


At 1 April 2023
1
50
51



At 31 March 2024
1
50
51




Page 6

 
ASSOCIATES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,411,259



At 31 March 2024
1,411,259

The 2024 valuations were made by the Directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
742,383
742,383

742,383
742,383


7.


Stocks

2024
2023
£
£

Freehold stocks
25,000
25,000

25,000
25,000



8.


Debtors

2024
2023
£
£


Trade debtors
8,924
3,692

Amounts owed by group undertakings
546,041
302,135

Other debtors
-
598

Prepayments and accrued income
15,097
-

570,062
306,425


Page 7

 
ASSOCIATES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
20,002
309,809

20,002
309,809



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,562
2,528

Other taxation and social security
2,419
2,405

Other creditors
2,437
3,228

Accruals and deferred income
12,305
13,226

19,723
21,387


Page 8

 
ASSOCIATES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Deferred taxation




2024


£






At beginning of year
(93,528)


Charged to profit or loss
(43,008)



At end of year
(136,536)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value movement of investment properties
(167,219)
(159,703)

Tax losses carried forward
30,683
66,175

(136,536)
(93,528)

 
Page 9