Caseware UK (AP4) 2024.0.164 2024.0.164 2023-12-312023-12-312023-01-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Property investment22truetrue 10601548 2023-01-01 2023-12-31 10601548 2022-01-01 2022-12-31 10601548 2023-12-31 10601548 2022-12-31 10601548 c:Director3 2023-01-01 2023-12-31 10601548 c:Director3 2023-12-31 10601548 c:RegisteredOffice 2023-01-01 2023-12-31 10601548 d:CurrentFinancialInstruments 2023-12-31 10601548 d:CurrentFinancialInstruments 2022-12-31 10601548 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10601548 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10601548 d:ShareCapital 2023-12-31 10601548 d:ShareCapital 2022-12-31 10601548 d:RetainedEarningsAccumulatedLosses 2023-12-31 10601548 d:RetainedEarningsAccumulatedLosses 2022-12-31 10601548 c:FRS102 2023-01-01 2023-12-31 10601548 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10601548 c:FullAccounts 2023-01-01 2023-12-31 10601548 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10601548 6 2023-01-01 2023-12-31 10601548 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 10601548














CLICK HERSCHEL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
CLICK HERSCHEL LIMITED
 
 
COMPANY INFORMATION


Director
M J Williams (appointed 30 August 2024)




Registered number
10601548



Registered office
C/O Crestline Investors, Inc
63 St. James's Street

London

England

SW1A 1LY





 
CLICK HERSCHEL LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 6


 
CLICK HERSCHEL LIMITED
REGISTERED NUMBER:10601548

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
-
1

Current assets
  

Stocks
  
62,796,868
53,759,193

Debtors: amounts falling due within one year
 5 
291,498
3,745,750

Cash at bank and in hand
  
211,014
1,131,256

  
63,299,380
58,636,199

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(76,187,011)
(64,817,582)

Net current liabilities
  
 
 
(12,887,631)
 
 
(6,181,383)

Net liabilities
  
(12,887,631)
(6,181,382)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(12,887,632)
(6,181,383)

  
(12,887,631)
(6,181,382)


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: 




M J Williams
Director

Page 1

 
CLICK HERSCHEL LIMITED
REGISTERED NUMBER:10601548
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

Date: 13 March 2025

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

Page 2

 
CLICK HERSCHEL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Click Herschel Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Crestline Investors, Inc, 63 St. James's Street, London, England, SW1A 1LY.
The principal activity of the company continued to be that of property development.
The company's functional and presentational currency is £ Sterling.

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

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue operating for the foreseeable future. Therefore, the director continue to adopt the going concern basis of accounting in preparing the financial statements. This expectation is further reinforced by the financial and operational support provided by Crestline, which has committed to assisting the company in meeting its obligations and ensuring adequate liquidity.

 
2.3

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts rebates, value added tax and other sales taxes.
Turnover represents net invoiced sale of services and property, excluding value added tax. Income is
recognised at the point of service or when property exchanges become unconditional.

 
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

Borrowing costs

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

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
CLICK HERSCHEL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. 
Cost includes all direct expenditure, directly attributable finance costs and an appropriate proportion of fixed and variable overheads.

 
2.8

Debtors

Short-term debtors are measured at the transaction price, 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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. 

 
2.11

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially
Page 4

 
CLICK HERSCHEL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2023
1


Disposals
(1)



At 31 December 2023
-





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
3,247,544

Other debtors
291,498
498,206

291,498
3,745,750


Page 5

 
CLICK HERSCHEL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
4,366

Other loans
-
3,247,544

Trade creditors
184,155
585,085

Amounts owed to group undertakings
6,053,357
5,503,052

Other creditors
69,934,499
55,302,039

Accruals and deferred income
15,000
175,496

76,187,011
64,817,582


Included within other creditors are other loans of £69,934,499 (2022 - £55,302,039) which are secured by fixed and floating charges, dated 7 February 2020, over the freehold land and property of the company.


7.


Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

 
Page 6