Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07788079 2023-04-01 2024-03-31 07788079 2022-04-01 2023-03-31 07788079 2024-03-31 07788079 2023-03-31 07788079 c:Director1 2023-04-01 2024-03-31 07788079 c:RegisteredOffice 2023-04-01 2024-03-31 07788079 d:MotorVehicles 2023-04-01 2024-03-31 07788079 d:MotorVehicles 2024-03-31 07788079 d:MotorVehicles 2023-03-31 07788079 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07788079 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 07788079 d:FreeholdInvestmentProperty 2024-03-31 07788079 d:FreeholdInvestmentProperty 2023-03-31 07788079 d:CurrentFinancialInstruments 2024-03-31 07788079 d:CurrentFinancialInstruments 2023-03-31 07788079 d:Non-currentFinancialInstruments 2024-03-31 07788079 d:Non-currentFinancialInstruments 2023-03-31 07788079 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07788079 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07788079 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07788079 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07788079 d:ShareCapital 2024-03-31 07788079 d:ShareCapital 2023-03-31 07788079 d:RetainedEarningsAccumulatedLosses 2024-03-31 07788079 d:RetainedEarningsAccumulatedLosses 2023-03-31 07788079 c:FRS102 2023-04-01 2024-03-31 07788079 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07788079 c:FullAccounts 2023-04-01 2024-03-31 07788079 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07788079 2 2023-04-01 2024-03-31 07788079 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 07788079







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


HEYWOOD GLYNN LIMITED






































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HEYWOOD GLYNN LIMITED
 


 
COMPANY INFORMATION


Director
M Glynn 




Registered number
07788079



Registered office
25 High Street

High Wycombe

Bucks

HP11 2AG




Trading Address
25 High Street

High Wycombe

Bucks

HP11 2AG






Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


HEYWOOD GLYNN LIMITED
 



CONTENTS



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


 


HEYWOOD GLYNN LIMITED
REGISTERED NUMBER:07788079



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
56,897
81,281

Investment property
  
1,288,533
640,033

  
1,345,430
721,314

Current assets
  

Debtors
 6 
265,490
283,922

Cash at bank and in hand
  
10,659
93,425

  
276,149
377,347

Creditors: amounts falling due within one year
 7 
(698,291)
(356,171)

Net current (liabilities)/assets
  
 
 
(422,142)
 
 
21,176

Total assets less current liabilities
  
923,288
742,490

Creditors: amounts falling due after more than one year
 8 
(1,104,515)
(727,565)

  

Net (liabilities)/assets
  
(181,227)
14,925


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(181,327)
14,825

  
(181,227)
14,925


Page 1

 


HEYWOOD GLYNN LIMITED
REGISTERED NUMBER:07788079


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 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 by: 




M Glynn
Director

Date: 5 March 2025

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

Page 2

 


HEYWOOD GLYNN LIMITED
 


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

1.


General information

Heywood Glynn Limited is a private company, limited by shares, registered in England and Wales. The address of the registered office is given in the company information page of these financial statements. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to
the nearest £.

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 balance sheet 31 March 2024 the company shows a deficiency of total assets over total liabilities of £181,227 (2023: net surplus of  £14,925). Due to the ongoing support of the directors, and expectation regarding future trading performance, the company expects to meet its liabilities as they fall due, the company has prepared its financial statements on a going concern basis.

 
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 generated through the development and subsequent sale of real estate, and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Interest income

The company has loaned money during the period and interest has been charged at a commerical rate and is shown in the profit and loss account

 
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.

Page 3

 


HEYWOOD GLYNN LIMITED
 


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

2.Accounting policies (continued)

 
2.6

Taxation

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.

 
2.7

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:

Motor vehicles
-
25%
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.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 


HEYWOOD GLYNN LIMITED
 


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

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 April 2023
97,537



At 31 March 2024

97,537



Depreciation


At 1 April 2023
16,256


Charge for the year on owned assets
24,384



At 31 March 2024

40,640



Net book value



At 31 March 2024
56,897



At 31 March 2023
81,281


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
640,033


Additions at cost
648,500



At 31 March 2024
1,288,533

The 2024 valuations were made by the director, on a historic cost basis. The director feels that this is a fair reflection of the market value at the year end date. 




Page 5

 


HEYWOOD GLYNN LIMITED
 


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

6.


Debtors


2024
2023
£
£

Due after more than one year

Other debtors
250,274
243,606

250,274
243,606

Due within one year

Other debtors
15,216
40,316

265,490
283,922



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,620
3,620

Other loans
80,000
80,000

Other creditors
601,346
269,801

Accruals and deferred income
13,325
2,750

698,291
356,171


The other loans are secured on the company's assets by a fixed and floating charge.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,565
7,615

Other loans
1,099,950
719,950

1,104,515
727,565


Included within creditors, there is a loan amount of £8,185 which is guaranteed under the Bounce Back Loan Scheme (BBLS) by the UK Government. 
The other loans are secured on the company's assets by a fixed and floating charge.

 
Page 6