Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01falseNo description of principal activity55trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08800261 2023-04-01 2024-03-31 08800261 2022-04-01 2023-03-31 08800261 2024-03-31 08800261 2023-03-31 08800261 c:Director4 2023-04-01 2024-03-31 08800261 d:FurnitureFittings 2023-04-01 2024-03-31 08800261 d:FurnitureFittings 2024-03-31 08800261 d:FurnitureFittings 2023-03-31 08800261 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08800261 d:ComputerEquipment 2023-04-01 2024-03-31 08800261 d:ComputerEquipment 2024-03-31 08800261 d:ComputerEquipment 2023-03-31 08800261 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08800261 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08800261 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 08800261 d:FreeholdInvestmentProperty 2024-03-31 08800261 d:FreeholdInvestmentProperty 2023-03-31 08800261 d:CurrentFinancialInstruments 2024-03-31 08800261 d:CurrentFinancialInstruments 2023-03-31 08800261 d:Non-currentFinancialInstruments 2024-03-31 08800261 d:Non-currentFinancialInstruments 2023-03-31 08800261 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08800261 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08800261 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08800261 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08800261 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 08800261 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 08800261 d:ShareCapital 2024-03-31 08800261 d:ShareCapital 2023-03-31 08800261 d:OtherMiscellaneousReserve 2023-04-01 2024-03-31 08800261 d:OtherMiscellaneousReserve 2024-03-31 08800261 d:OtherMiscellaneousReserve 2023-03-31 08800261 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 08800261 d:RetainedEarningsAccumulatedLosses 2024-03-31 08800261 d:RetainedEarningsAccumulatedLosses 2023-03-31 08800261 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08800261 c:OrdinaryShareClass1 2024-03-31 08800261 c:OrdinaryShareClass1 2023-03-31 08800261 c:OrdinaryShareClass2 2023-04-01 2024-03-31 08800261 c:OrdinaryShareClass2 2024-03-31 08800261 c:OrdinaryShareClass2 2023-03-31 08800261 c:OrdinaryShareClass3 2023-04-01 2024-03-31 08800261 c:OrdinaryShareClass3 2024-03-31 08800261 c:OrdinaryShareClass3 2023-03-31 08800261 c:OrdinaryShareClass4 2023-04-01 2024-03-31 08800261 c:OrdinaryShareClass4 2024-03-31 08800261 c:OrdinaryShareClass4 2023-03-31 08800261 c:OrdinaryShareClass5 2023-04-01 2024-03-31 08800261 c:OrdinaryShareClass5 2024-03-31 08800261 c:OrdinaryShareClass5 2023-03-31 08800261 c:FRS102 2023-04-01 2024-03-31 08800261 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08800261 c:FullAccounts 2023-04-01 2024-03-31 08800261 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08800261 2 2023-04-01 2024-03-31 08800261 6 2023-04-01 2024-03-31 08800261 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08800261 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 08800261 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08800261









LOUIS B HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
LOUIS B HOLDINGS LIMITED
REGISTERED NUMBER: 08800261

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
25,093
12,671

Investments
 5 
3,117,497
2,678,936

Investment property
 6 
25,904,767
25,250,000

  
29,047,357
27,941,607

Current assets
  

Debtors: amounts falling due within one year
 7 
447,482
808,548

Cash at bank and in hand
 8 
1,061,114
1,638,647

  
1,508,596
2,447,195

Creditors: amounts falling due within one year
 9 
(10,621,602)
(10,868,544)

Net current liabilities
  
 
 
(9,113,006)
 
 
(8,421,349)

Total assets less current liabilities
  
19,934,351
19,520,258

Creditors: amounts falling due after more than one year
 10 
(500,000)
(500,000)

Provisions for liabilities
  

Deferred tax
 12 
(2,606,214)
(2,606,214)

  
 
 
(2,606,214)
 
 
(2,606,214)

Net assets
  
16,828,137
16,414,044


Capital and reserves
  

Called up share capital 
 13 
100
100

Other reserves
 14 
7,818,643
7,818,643

Profit and loss account
 14 
9,009,394
8,595,301

  
16,828,137
16,414,044


Page 1

 
LOUIS B HOLDINGS LIMITED
REGISTERED NUMBER: 08800261
    
BALANCE SHEET (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: 




R H Silver
Director

Date: 7 March 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

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

1.


General information

Louis B Holdings Limited is a private company limited by shares and incorporated in England and Wales (registered number: 08800261). The registered office of the Company is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
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 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:

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.

 
2.3

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

Interest income

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

Page 3

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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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.

 
2.8

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 4

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

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
Straight line method
Computer equipment
-
25%
Straight line method

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.

 
2.9

Investment property

Investment property is 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 profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
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 5

 
LOUIS B HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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.

 
2.15

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 5 (2023 - 5).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
13,055
2,311
15,366


Additions
13,980
1,416
15,396



At 31 March 2024

27,035
3,727
30,762



Depreciation


At 1 April 2023
1,256
1,439
2,695


Charge for the year on owned assets
2,308
666
2,974



At 31 March 2024

3,564
2,105
5,669



Net book value



At 31 March 2024
23,471
1,622
25,093



At 31 March 2023
11,799
872
12,671

Page 6

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

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2023
2,678,936


Additions
438,653


Disposals
(92)



At 31 March 2024
3,117,497





6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
25,250,000


Additions at cost
654,767



At 31 March 2024
25,904,767

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





7.


Debtors

2024
2023
£
£


Trade debtors
229,970
377,682

Other debtors
199,082
430,866

Prepayments and accrued income
18,430
-

447,482
808,548


Page 7

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

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,061,114
1,638,647

1,061,114
1,638,647



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
8,287
518

Amounts owed to group undertakings
22,296
22,296

Corporation tax
94,132
125,555

Other taxation and social security
29,526
-

Other creditors
10,312,315
10,610,365

Accruals and deferred income
155,046
109,810

10,621,602
10,868,544



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
500,000

Other loans
500,000
-

500,000
500,000


Page 8

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

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due after 1 year

Bank loans
-
500,000

Other loans
500,000
-

500,000
500,000



12.


Deferred taxation




2024


£






At beginning of year
(2,606,214)



At end of year
(2,606,214)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Deferred tax on fair value adjustments
(2,606,214)
(2,606,214)

(2,606,214)
(2,606,214)


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



20 (2023 - 20) Ordinary A shares of £1.00 each
20
20
20 (2023 - 20) Ordinary B shares of £1.00 each
20
20
20 (2023 - 20) Ordinary C shares of £1.00 each
20
20
20 (2023 - 20) Ordinary D shares of £1.00 each
20
20
20 (2023 - 20) Ordinary E shares of £1.00 each
20
20

100

100


Page 9

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

14.


Reserves

Other reserves

Includes increases in the fair value of investment properties. The figure is stated net of the associated deferred tax liability. This reserve is non-distributable.

Profit and loss account

Includes all current and prior period retained profits and losses.


15.


Related party transactions

Included within other creditors is an amount of £10,082,874 (2023: £10,241,926) owed to the directors of the Company.

 
Page 10