Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31false2023-08-01Holding company22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07673799 2023-08-01 2024-07-31 07673799 2022-08-01 2023-07-31 07673799 2024-07-31 07673799 2023-07-31 07673799 c:Director1 2023-08-01 2024-07-31 07673799 c:Director2 2023-08-01 2024-07-31 07673799 c:RegisteredOffice 2023-08-01 2024-07-31 07673799 d:Buildings 2023-08-01 2024-07-31 07673799 d:Buildings 2024-07-31 07673799 d:Buildings 2023-07-31 07673799 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07673799 d:FurnitureFittings 2023-08-01 2024-07-31 07673799 d:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 07673799 d:OtherPropertyPlantEquipment 2024-07-31 07673799 d:OtherPropertyPlantEquipment 2023-07-31 07673799 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07673799 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07673799 d:CurrentFinancialInstruments 2024-07-31 07673799 d:CurrentFinancialInstruments 2023-07-31 07673799 d:Non-currentFinancialInstruments 2024-07-31 07673799 d:Non-currentFinancialInstruments 2023-07-31 07673799 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 07673799 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07673799 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 07673799 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 07673799 d:ShareCapital 2024-07-31 07673799 d:ShareCapital 2023-07-31 07673799 d:CapitalRedemptionReserve 2024-07-31 07673799 d:CapitalRedemptionReserve 2023-07-31 07673799 d:RetainedEarningsAccumulatedLosses 2024-07-31 07673799 d:RetainedEarningsAccumulatedLosses 2023-07-31 07673799 c:FRS102 2023-08-01 2024-07-31 07673799 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07673799 c:FullAccounts 2023-08-01 2024-07-31 07673799 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07673799 6 2023-08-01 2024-07-31 07673799 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 07673799









HYDRAJAWS HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
HYDRAJAWS HOLDINGS LIMITED
 
 
COMPANY INFORMATION


Directors
Mr A G Morgan 
Ms S E Morgan 




Registered number
07673799



Registered office
73 Kettlebrook Road

Tamworth

Staffordshire

B77 1AG




Accountants
Wayside Accountancy Limited
Chartered Accountants

5 Willow Close

Fradley

Lichfield

Staffordshire

WS13 8RW





 
HYDRAJAWS HOLDINGS LIMITED
 

CONTENTS



Page
Balance Sheet
1 - 2
Notes to the Financial Statements
3 - 6


 
HYDRAJAWS HOLDINGS LIMITED
REGISTERED NUMBER: 07673799

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,732,479
3,710,817

Investments
 5 
840,100
840,100

  
4,572,579
4,550,917

Current assets
  

Debtors: amounts falling due within one year
 6 
30,000
-

Cash at bank and in hand
 7 
20,488
14,379

  
50,488
14,379

Creditors: amounts falling due within one year
 8 
(3,273,007)
(2,998,741)

Net current liabilities
  
 
 
(3,222,519)
 
 
(2,984,362)

Total assets less current liabilities
  
1,350,060
1,566,555

Creditors: amounts falling due after more than one year
 9 
(115,196)
(359,295)

  

Net assets
  
1,234,864
1,207,260


Capital and reserves
  

Called up share capital 
  
147,422
147,422

Capital redemption reserve
  
692,678
692,678

Profit and loss account
  
394,764
367,160

  
1,234,864
1,207,260


Page 1

 
HYDRAJAWS HOLDINGS LIMITED
REGISTERED NUMBER: 07673799
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 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 on 6 March 2025.


Mr A G Morgan
Director

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

Page 2

 
HYDRAJAWS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Hydrajaws Holdings Limited is a limited liability company incorporated and domiciled in the United Kingdom. The address of its registered office and registration number is shown on the company information page.  The financial statements are prepared in Sterling (£).
The principal activity of the company is that of a holding 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 following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight line
Fixtures and fittings
-
10%
Straight line
Other fixed assets
-
5%
Straight line

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 3

 
HYDRAJAWS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
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.

 
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

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 4

 
HYDRAJAWS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Freehold property
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 August 2023
3,676,635
52,592
3,729,227


Additions
2,200
22,560
24,760



At 31 July 2024

3,678,835
75,152
3,753,987



Depreciation


At 1 August 2023
-
18,410
18,410


Charge for the year on owned assets
-
3,098
3,098



At 31 July 2024

-
21,508
21,508



Net book value



At 31 July 2024
3,678,835
53,644
3,732,479



At 31 July 2023
3,676,635
34,182
3,710,817


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2023
840,100



At 31 July 2024
840,100




Page 5

 
HYDRAJAWS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
30,000
-



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
20,488
14,379



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
28,377
19,355

Amounts owed to group undertakings
3,244,630
2,979,386



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
115,196
359,295



10.


Related party transactions

During the period, the company received dividends of £350,000 (2023 £350,000) from Hydrajaws Limited and £40,000 (2023 £40,000) from Hydrajaws (US) Limited, of which Hydrajaws Holdings Limited owns 100% of the issued share capital.
At the year end there was a creditor due to Hydrajaws Limited of £3,244,630 (2023 £2,979,386) and a debtor due from Hydrajaws (US) Limited of £30,000 (2023 £Nil).


11.


Controlling party

In the opinion of the directors there is no single controlling party.

Page 6