Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302023-12-01falseRestaurant11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14244343 2023-12-01 2024-11-30 14244343 2022-07-19 2023-11-30 14244343 2024-11-30 14244343 2023-11-30 14244343 c:Director1 2023-12-01 2024-11-30 14244343 d:Buildings d:LongLeaseholdAssets 2023-12-01 2024-11-30 14244343 d:Buildings d:LongLeaseholdAssets 2024-11-30 14244343 d:Buildings d:LongLeaseholdAssets 2023-11-30 14244343 d:PlantMachinery 2023-12-01 2024-11-30 14244343 d:PlantMachinery 2024-11-30 14244343 d:PlantMachinery 2023-11-30 14244343 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 14244343 d:MotorVehicles 2023-12-01 2024-11-30 14244343 d:MotorVehicles 2024-11-30 14244343 d:MotorVehicles 2023-11-30 14244343 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 14244343 d:FurnitureFittings 2023-12-01 2024-11-30 14244343 d:FurnitureFittings 2024-11-30 14244343 d:FurnitureFittings 2023-11-30 14244343 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 14244343 d:OfficeEquipment 2023-12-01 2024-11-30 14244343 d:OfficeEquipment 2024-11-30 14244343 d:OfficeEquipment 2023-11-30 14244343 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 14244343 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 14244343 d:CurrentFinancialInstruments 2024-11-30 14244343 d:CurrentFinancialInstruments 2023-11-30 14244343 d:Non-currentFinancialInstruments 2024-11-30 14244343 d:Non-currentFinancialInstruments 2023-11-30 14244343 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 14244343 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 14244343 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 14244343 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 14244343 d:ShareCapital 2024-11-30 14244343 d:ShareCapital 2023-11-30 14244343 d:RetainedEarningsAccumulatedLosses 2024-11-30 14244343 d:RetainedEarningsAccumulatedLosses 2023-11-30 14244343 d:AcceleratedTaxDepreciationDeferredTax 2024-11-30 14244343 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 14244343 c:FRS102 2023-12-01 2024-11-30 14244343 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 14244343 c:FullAccounts 2023-12-01 2024-11-30 14244343 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 14244343 d:WithinOneYear 2024-11-30 14244343 d:WithinOneYear 2023-11-30 14244343 d:BetweenOneFiveYears 2024-11-30 14244343 d:BetweenOneFiveYears 2023-11-30 14244343 d:HirePurchaseContracts d:WithinOneYear 2024-11-30 14244343 d:HirePurchaseContracts d:WithinOneYear 2023-11-30 14244343 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-11-30 14244343 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-11-30 14244343 2 2023-12-01 2024-11-30 14244343 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 14244343










OF HOLDINGS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
OF HOLDINGS LTD
REGISTERED NUMBER: 14244343

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
  
71,943
21,624

  
71,943
21,624

Current assets
  

Stocks
  
6,199
5,451

Debtors: amounts falling due within one year
  
26,750
6,852

Cash at bank and in hand
  
94,463
95,411

  
127,412
107,714

Creditors: amounts falling due within one year
  
(114,744)
(85,587)

Net current assets
  
 
 
12,668
 
 
22,127

Total assets less current liabilities
  
84,611
43,751

Creditors: amounts falling due after more than one year
  
(22,400)
-

Provisions for liabilities
  

Deferred tax
  
(11,494)
(3,159)

  
 
 
(11,494)
 
 
(3,159)

Net assets
  
50,717
40,592


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
50,617
40,492

  
50,717
40,592


Page 1

 
OF HOLDINGS LTD
REGISTERED NUMBER: 14244343
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2024

The director considers 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 director acknowledges his 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 profit and loss account 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 15 March 2025.




Mr K Raheja
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
OF HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.Accounting policies

 
1.1

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:

 
1.2

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
1.3

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.

 
1.4

Interest income

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

Page 3

 
OF HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.Accounting policies (continued)

 
1.5

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.

 
1.6

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.7

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 reporting 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 reporting 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 reporting date.


 
1.8

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

 
OF HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.Accounting policies (continued)


1.8
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 methods below.

Depreciation is provided on the following basis:

Long-term leasehold property
-
not depreciated
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
33%
straight line
Office equipment
-
33%
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.

 
1.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.10

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.

 
1.11

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.

 
1.12

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

 
OF HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.Accounting policies (continued)

 
1.13

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.

 
1.14

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.


2.


General information

The company is a private company, limited by shares and registered in England.
Its registered number is: 14244343
Its Registered Office is:
8 Whitehorse Street
Baldock
Hertfordshire
SG7 6QN


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

There have been no significant judgements made by management in preparing these financial statements.


4.


Employees

2024
2023
£
£

Wages and salaries
128,161
113,495

Social security costs
2,266
-

Cost of defined contribution scheme
31,854
1,286

162,281
114,781


The average monthly number of employees, including directors, during the year was 14 (2023 - 13).

Page 6

 
OF HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 December 2023
5,000
20,000
-
640
1,784


Additions
-
34,384
34,979
3,825
424



At 30 November 2024

5,000
54,384
34,979
4,465
2,208



Depreciation


At 1 December 2023
-
5,000
-
211
589


Charge for the year on owned assets
-
12,346
8,745
1,473
729



At 30 November 2024

-
17,346
8,745
1,684
1,318



Net book value



At 30 November 2024
5,000
37,038
26,234
2,781
890



At 30 November 2023
5,000
15,000
-
429
1,195
Page 7

 
OF HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

           5.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 December 2023
27,424


Additions
73,612



At 30 November 2024

101,036



Depreciation


At 1 December 2023
5,800


Charge for the year on owned assets
23,293



At 30 November 2024

29,093



Net book value



At 30 November 2024
71,943



At 30 November 2023
21,624

Page 8

 
OF HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Debtors

2024
2023
£
£


Other debtors
25,232
5,550

Prepayments and accrued income
1,518
1,302

26,750
6,852



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
94,463
95,411

94,463
95,411



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
40,903
9,196

Corporation tax
-
7,085

Other taxation and social security
6,820
16,393

Obligations under finance lease and hire purchase contracts
3,541
-

Other creditors
60,361
51,313

Accruals and deferred income
3,119
1,600

114,744
85,587



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
22,400
-

22,400
-


Page 9

 
OF HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
3,541
-

Between 1-5 years
22,400
-

25,941
-


11.


Deferred taxation




2024


£






At beginning of year
(3,159)


Charged to profit or loss
(8,335)



At end of year
(11,494)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(11,494)
(3,159)

(11,494)
(3,159)


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 £31,854 (2023: £1,286). Contributions totalling £233 (2023: £267) were payable to the fund at the reporting date and are included in creditors.

Page 10

 
OF HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

13.


Commitments under operating leases

At 30 November 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
18,500
10,792

Later than 1 year and not later than 5 years
66,292
-

84,792
10,792


14.


Related party transactions

The amount due to the director Mr K Raheja, and included in other creditors at the reporting date, was £36,042  (2023: £35,882).  The loan does not attract a rate of interest and is repayable on demand.

 
Page 11