Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false4false2023-04-013truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04141272 2023-04-01 2024-03-31 04141272 2022-04-01 2023-03-31 04141272 2024-03-31 04141272 2023-03-31 04141272 c:Director1 2023-04-01 2024-03-31 04141272 d:PlantMachinery 2023-04-01 2024-03-31 04141272 d:PlantMachinery 2024-03-31 04141272 d:PlantMachinery 2023-03-31 04141272 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04141272 d:MotorVehicles 2023-04-01 2024-03-31 04141272 d:MotorVehicles 2024-03-31 04141272 d:MotorVehicles 2023-03-31 04141272 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04141272 d:FurnitureFittings 2023-04-01 2024-03-31 04141272 d:FurnitureFittings 2024-03-31 04141272 d:FurnitureFittings 2023-03-31 04141272 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04141272 d:OfficeEquipment 2023-04-01 2024-03-31 04141272 d:OfficeEquipment 2024-03-31 04141272 d:OfficeEquipment 2023-03-31 04141272 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04141272 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04141272 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 04141272 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 04141272 d:CurrentFinancialInstruments 2024-03-31 04141272 d:CurrentFinancialInstruments 2023-03-31 04141272 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04141272 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04141272 d:ShareCapital 2024-03-31 04141272 d:ShareCapital 2023-03-31 04141272 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 04141272 d:RetainedEarningsAccumulatedLosses 2024-03-31 04141272 d:RetainedEarningsAccumulatedLosses 2023-03-31 04141272 c:OrdinaryShareClass2 2023-04-01 2024-03-31 04141272 c:OrdinaryShareClass2 2024-03-31 04141272 c:OrdinaryShareClass2 2023-03-31 04141272 c:OrdinaryShareClass3 2023-04-01 2024-03-31 04141272 c:OrdinaryShareClass3 2024-03-31 04141272 c:OrdinaryShareClass3 2023-03-31 04141272 c:FRS102 2023-04-01 2024-03-31 04141272 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04141272 c:FullAccounts 2023-04-01 2024-03-31 04141272 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04141272 2 2023-04-01 2024-03-31 04141272 6 2023-04-01 2024-03-31 04141272 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 04141272 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04141272 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04141272










JAMES BLUNT LIMITED

UNAUDITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 MARCH 2024
 






 



 







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JAMES BLUNT LIMITED
 

CONTENTS



Page
Balance sheet
 
 
1 - 2
Notes to the financial statements
 
 
3 - 10


 
JAMES BLUNT LIMITED
REGISTERED NUMBER: 04141272

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
35,608
530

Investments
 6 
3,181,128
1,953,195

  
3,216,736
1,953,725

Current assets
  

Stocks
  
29,935
-

Debtors: amounts falling due within one year
 7 
6,242,698
4,931,487

Cash at bank and in hand
  
1,013,101
733,808

  
7,285,734
5,665,295

Creditors: amounts falling due within one year
 8 
(1,560,250)
(557,354)

Net current assets
  
 
 
5,725,484
 
 
5,107,941

Total assets less current liabilities
  
8,942,220
7,061,666

Provisions for liabilities
  

Deferred tax
 9 
(134,140)
(132,842)

  
 
 
(134,140)
 
 
(132,842)

Net assets
  
8,808,080
6,928,824


Capital and reserves
  

Called up share capital 
 10 
10,000
10,000

Profit and loss account
 11 
8,798,080
6,918,824

  
8,808,080
6,928,824


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 7 January 2025.




Page 1

 
JAMES BLUNT LIMITED
REGISTERED NUMBER: 04141272

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

Mr C Blount
Director

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

Page 2

 
JAMES BLUNT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

James Blunt Limited is a private company, limited by shares and incorporated in England and Wales, registration number 04141272. The address of the registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.

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.

These financial statements rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

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.

 
2.4

Interest income

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

Page 3

 
JAMES BLUNT 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

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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.


 
2.9

Intangible assets

Intangible fixed assets comprise the various rights to receive copyright royalties and endorsement income, stated at cost less amortisation. Amortisation is provided to write off the cost over the expected useful life of seven years.

Page 4

 
JAMES BLUNT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

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.

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:

Plant and machinery
-
33%
Motor vehicles
-
33%
Fixtures and fittings
-
7%
Office equipment
-
33%

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.

 
2.11

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.12

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.

 
2.13

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

 
JAMES BLUNT 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

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.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

 
2.16

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 - 3).

Page 6

 
JAMES BLUNT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Rights

£



Cost


At 1 April 2023
5,200,000



At 31 March 2024

5,200,000



Amortisation


At 1 April 2023
5,200,000



At 31 March 2024

5,200,000



Net book value



At 31 March 2024
-



At 31 March 2023
-




5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
28,440
630
-
12,458
41,528


Additions
1,180
-
31,132
4,112
36,424



At 31 March 2024

29,620
630
31,132
16,570
77,952



Depreciation


At 1 April 2023
28,440
630
-
11,929
40,999


Charge for the year on owned assets
131
-
-
1,214
1,345



At 31 March 2024

28,571
630
-
13,143
42,344



Net book value



At 31 March 2024
1,049
-
31,132
3,427
35,608



At 31 March 2023
-
-
-
530
530

Page 7

 
JAMES BLUNT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 April 2023
1,953,195


Additions
1,989,603


Disposals
(1,112,488)


Revaluations
350,818



At 31 March 2024
3,181,128




Current asset investments are made up of listed securities and are measured at mid-market values at the year-end date.


7.


Debtors

2024
2023
£
£


Trade debtors
1,442,013
360,615

Other debtors
4,525,579
4,214,761

Prepayments and accrued income
275,106
356,111

6,242,698
4,931,487



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
299,402
7,687

Corporation tax
1,240,627
322,131

Other taxation and social security
657
70,429

Other creditors
12,470
358

Accruals and deferred income
7,094
156,749

1,560,250
557,354



9.


Deferred taxation

Page 8

 
JAMES BLUNT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
9.Deferred taxation (continued)




2024


£






At beginning of year
(132,842)


Charged to profit or loss
(1,298)



At end of year
(134,140)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Gains on potential sale of investments
(134,139)
(132,842)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



9,000 (2023 - 9,000) A Ordinary shares of £1.00 each
9,000
9,000
1,000 (2023 - 1,000) B Ordinary shares of £1.00 each
1,000
1,000

10,000

10,000

The different classes of share rank pari passu save that a dividend may be declared by a director on one class and not the other.



11.


Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £Nil (2023 -  £Nil). Due to the fund at the balance sheet date was £Nil (2023 - £358 ).

Page 9

 
JAMES BLUNT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

13.


Related party transactions

At the balance sheet date, the Company was owed £36,462 by a director (2023- £35,660). The loan is repayable on demand, is included within other debtors, and has interest applied to it at HMRC's official interest rate.

During the year, the company made rental payments of £17,000 (2023: £NIL) to a company director. The company has no future commitment to making these payments.

All loans are are unsecured, interest free and repayable on demand.


14.


Controlling party

The Company is controlled by its directors. The ultimate controlling party is Mr J H Blount by virtue of his 90% holding of the issued share capital.


Page 10