Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-04-01true4falseNo description of principal activity4The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11321338 2023-04-01 2024-03-31 11321338 2022-04-01 2023-03-31 11321338 2024-03-31 11321338 2023-03-31 11321338 c:Director4 2023-04-01 2024-03-31 11321338 d:CurrentFinancialInstruments 2024-03-31 11321338 d:CurrentFinancialInstruments 2023-03-31 11321338 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11321338 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11321338 d:ShareCapital 2024-03-31 11321338 d:ShareCapital 2023-03-31 11321338 d:RetainedEarningsAccumulatedLosses 2024-03-31 11321338 d:RetainedEarningsAccumulatedLosses 2023-03-31 11321338 c:FRS102 2023-04-01 2024-03-31 11321338 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11321338 c:FullAccounts 2023-04-01 2024-03-31 11321338 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11321338 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 11321338













JF Bowers Family Investments Ltd

Financial statements
Information for filing with the registrar

31 March 2024




 
JF Bowers Family Investments Ltd


Balance sheet
At 31 March 2024

2024
2023 (as restated)
Note
£
£

Fixed assets
  

Investments
 4 
11,247,117
16,402,310

  
11,247,117
16,402,310

Current assets
  

Debtors: amounts falling due within one year
 5 
7,078,719
6,672,535

Bank and cash balances
  
876,915
328,468

  
7,955,634
7,001,003

Creditors: amounts falling due within one year
 6 
(16,506,141)
(21,664,107)

Net current liabilities
  
 
 
(8,550,507)
 
 
(14,663,104)

Total assets less current liabilities
  
2,696,610
1,739,206

Provisions for liabilities
  

Deferred tax
  
(79,235)
-

  
 
 
(79,235)
 
 
-

Net assets
  
2,617,375
1,739,206


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,617,275
1,739,106

Shareholders' funds
  
2,617,375
1,739,206


1

 
JF Bowers Family Investments Ltd

    
Balance sheet (continued)
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 on 20 February 2025.




Womble Bond Dickinson (Trust Corporation) Limited
Director

Registered number: 11321338
The notes on pages 3 to 5 form part of these financial statements. 

2

 
JF Bowers Family Investments Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

1.


General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. The registered office is The Spark, Draymans Way, Newcastle upon Tyne, NE4 5DE.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

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.

 
2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

3

 
JF Bowers Family Investments Ltd
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)

 
2.5

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 4 (2023 - 4).


4.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2023
16,402,310


Additions
2,537,727


Disposals
(8,618,848)


Revaluations
925,928



At 31 March 2024
11,247,117





5.


Debtors

2024
2023
£
£


Amounts owed by related parties
2,563,368
2,159,560

Other debtors (incl directors loans)
4,515,351
4,512,975

7,078,719
6,672,535


4

 
JF Bowers Family Investments Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

6.


Creditors: amounts falling due within one year

2024
2023
£
£

Amounts owed to related parties
-
186,970

Other taxation and social security
4,600
4,624

Other creditors (incl directors loans)
16,494,101
21,466,513

Accruals and deferred income
7,440
6,000

16,506,141
21,664,107



7.


Related party transactions

During the year, the company used a loan account to record amounts due to and from the directors. At the year end, the net balance owed by the company to the directors was £4,982,611 (2023 - £10,492,611). This loan is unsecured, interest free and no fixed terms of repayment have been agreed.
During the year, the company used a loan account to record amounts due to and (from) associated companies. At the year end, the following balances were owed by the company. The loans are unsecured, and no fixed terms of repayment have been agreed. The loans are interest free with the exception of the loan to Bowers & Norman Ltd.

2024
2023
£
£



Cressbrook Developments Ltd
(283,548)
186,970

Bowers & Norman Ltd
(1,979,820)
(1,859,560)

Bowers Family Properties Ltd
(300,000)
(300,000)

(2,563,368)
(1,972,590)

 
5