Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01false99truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08567847 2023-10-01 2024-09-30 08567847 2022-10-01 2023-09-30 08567847 2024-09-30 08567847 2023-09-30 08567847 2022-10-01 08567847 c:Director7 2023-10-01 2024-09-30 08567847 d:Buildings 2023-10-01 2024-09-30 08567847 d:Buildings 2024-09-30 08567847 d:Buildings 2023-09-30 08567847 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08567847 d:FurnitureFittings 2023-10-01 2024-09-30 08567847 d:FurnitureFittings 2024-09-30 08567847 d:FurnitureFittings 2023-09-30 08567847 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08567847 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08567847 d:CurrentFinancialInstruments 2024-09-30 08567847 d:CurrentFinancialInstruments 2023-09-30 08567847 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 08567847 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08567847 d:ShareCapital 2024-09-30 08567847 d:ShareCapital 2023-09-30 08567847 d:RevaluationReserve 2024-09-30 08567847 d:RevaluationReserve 2023-09-30 08567847 d:RetainedEarningsAccumulatedLosses 2024-09-30 08567847 d:RetainedEarningsAccumulatedLosses 2023-09-30 08567847 c:OrdinaryShareClass1 2023-10-01 2024-09-30 08567847 c:OrdinaryShareClass1 2024-09-30 08567847 c:FRS102 2023-10-01 2024-09-30 08567847 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08567847 c:FullAccounts 2023-10-01 2024-09-30 08567847 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08567847 2 2023-10-01 2024-09-30 08567847 5 2023-10-01 2024-09-30 08567847 6 2023-10-01 2024-09-30 08567847 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 08567847 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 08567847 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 08567847 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08567847









MILTON HALL CAMBRIDGE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
MILTON HALL CAMBRIDGE LIMITED
REGISTERED NUMBER: 08567847

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
5,478,820
5,500,031

  
5,478,820
5,500,031

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
17,627
26,402

Current asset investments
 6 
860,952
-

Cash at bank and in hand
  
301,831
903,078

  
1,180,410
929,480

Creditors: amounts falling due within one year
 7 
(654,203)
(765,113)

NET CURRENT ASSETS
  
 
 
526,207
 
 
164,367

TOTAL ASSETS LESS CURRENT LIABILITIES
  
6,005,027
5,664,398

PROVISIONS FOR LIABILITIES
  

Deferred tax
 8 
(179,159)
(198,292)

NET ASSETS
  
5,825,868
5,466,106


CAPITAL AND RESERVES
  

Called up share capital 
 9 
10
10

Revaluation reserve
  
134,279
134,279

Profit and loss account
  
5,691,579
5,331,817

  
5,825,868
5,466,106


Page 1

 
MILTON HALL CAMBRIDGE LIMITED
REGISTERED NUMBER: 08567847
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 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 by: 




A J Purnell
Director

Date: 14 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
MILTON HALL CAMBRIDGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


GENERAL INFORMATION

Milton Hall Cambridge Limited is a private company limited by shares and incorporated in England and Wales. The Company's registered office is Milton Hall, Ely Road, Milton, Cambridge, CB24 6WZ.
The Company's functional and presentational currency is GBP.

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

TURNOVER

Turnover comprises revenue recognised by the Company during the year in respect of serviced office charges, exclusive of Value Added Tax and trade discounts. Revenue is recognised as the fair value of the consideration received or receivable and is recognised over the period to which the serviced office charges relate. 

 
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.

 
2.4

INTEREST INCOME

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

 
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

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.

Page 3

 
MILTON HALL CAMBRIDGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 4

 
MILTON HALL CAMBRIDGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 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:

Freehold buildings
-
2% straight line
Fixtures and fittings
-
10-25% straight line

Freehold land is not depreciated.
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

REVALUATION OF TANGIBLE FIXED ASSETS

Individual freehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the Balance Sheet date.
Fair values are determined from market based evidence, normally undertaken by the directors, but periodically based on formal third party valuations provided by experts.
Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.10

CURRENT ASSET INVESTMENTS

Current asset investments are held at cost and subsequently remeasured at their fair value. 

 
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.

Page 5

 
MILTON HALL CAMBRIDGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
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.

 
2.14

DIVIDENDS

Equity dividends are recognised when they become legally payable.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).

Page 6

 
MILTON HALL CAMBRIDGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


TANGIBLE FIXED ASSETS





Freehold property
Fixtures and fittings
Total

£
£
£



COST OR VALUATION


At 1 October 2023
5,260,000
970,787
6,230,787


Additions
-
58,139
58,139


Disposals
-
(23,190)
(23,190)



At 30 September 2024

5,260,000
1,005,736
6,265,736



DEPRECIATION


At 1 October 2023
-
730,756
730,756


Charge for the year on owned assets
60,200
77,602
137,802


Disposals
-
(21,442)
(21,442)


On revalued assets
(60,200)
-
(60,200)



At 30 September 2024

-
786,916
786,916



NET BOOK VALUE



At 30 September 2024
5,260,000
218,820
5,478,820



At 30 September 2023
5,260,000
240,031
5,500,031

Cost or valuation at 30 September 2024 is as follows:

Freehold property
£


AT COST
-
AT VALUATION

Directors' valuation at 30 September 2024
5,260,000



5,260,000

Page 7

 
MILTON HALL CAMBRIDGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

           4.TANGIBLE FIXED ASSETS (CONTINUED)

If the freehold property had not been included at valuation it would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
5,125,721
5,125,721

Accumulated depreciation
(498,914)
(441,401)

NET BOOK VALUE
4,626,807
4,684,320


5.


DEBTORS

2024
2023
£
£


Trade debtors
3,189
7,158

Amounts owed by group undertakings
10
10

Prepayments and accrued income
14,428
19,234

17,627
26,402



6.


CURRENT ASSET INVESTMENTS

2024
2023
£
£

Unlisted investments
860,952
-


Page 8

 
MILTON HALL CAMBRIDGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
45,337
21,683

Amounts owed to group undertakings
236,146
442,677

Corporation tax
63,916
120

Other taxation and social security
59,469
64,255

Other creditors
234,458
208,683

Accruals and deferred income
14,877
27,695

654,203
765,113


The Company operates a defined contribution pension scheme. Contributions totalling £2,822 (2023 - £848) were payable to the fund at the balance sheet date and are included within other creditors.


8.


DEFERRED TAXATION




2024
2023


£

£






At beginning of year
198,292
588,804


(Credited)/charged to profit or loss
(19,133)
(6,025)


(Credited)/charged to other comprehensive income
-
(384,487)



AT END OF YEAR
179,159
198,292

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
179,597
198,412

Short term timing differences
(438)
(120)

179,159
198,292


9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 Ordinary shares of £0.10 each
10
10


Page 9

 
MILTON HALL CAMBRIDGE LIMITED
 
 
 Page 10