Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-010falseThe principal activity of the company was that of a holding company.0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08318257 2023-04-01 2024-03-31 08318257 2022-04-01 2023-03-31 08318257 2024-03-31 08318257 2023-03-31 08318257 c:Director1 2023-04-01 2024-03-31 08318257 d:OfficeEquipment 2023-04-01 2024-03-31 08318257 d:OfficeEquipment 2024-03-31 08318257 d:OfficeEquipment 2023-03-31 08318257 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08318257 d:CurrentFinancialInstruments 2024-03-31 08318257 d:CurrentFinancialInstruments 2023-03-31 08318257 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08318257 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08318257 d:ShareCapital 2024-03-31 08318257 d:ShareCapital 2023-03-31 08318257 d:OtherMiscellaneousReserve 2024-03-31 08318257 d:OtherMiscellaneousReserve 2023-03-31 08318257 d:RetainedEarningsAccumulatedLosses 2024-03-31 08318257 d:RetainedEarningsAccumulatedLosses 2023-03-31 08318257 c:FRS102 2023-04-01 2024-03-31 08318257 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08318257 c:FullAccounts 2023-04-01 2024-03-31 08318257 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08318257 6 2023-04-01 2024-03-31 08318257 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08318257









TEXT MANAGEMENT (HOLDINGS) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
TEXT MANAGEMENT (HOLDINGS) LIMITED
REGISTERED NUMBER: 08318257

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,612
2,149

Investments
 5 
225
75

  
1,837
2,224

Current assets
  

Debtors: amounts falling due within one year
 6 
557,020
513,500

Cash at bank and in hand
 7 
25,340
44,002

  
582,360
557,502

Creditors: amounts falling due within one year
 8 
(115,851)
(453,767)

Net current assets
  
 
 
466,509
 
 
103,735

Total assets less current liabilities
  
468,346
105,959

  

Net assets
  
468,346
105,959


Capital and reserves
  

Called up share capital 
  
175
175

Other reserves
  
25
25

Profit and loss account
  
468,146
105,759

  
468,346
105,959


Page 1

 
TEXT MANAGEMENT (HOLDINGS) LIMITED
REGISTERED NUMBER: 08318257
    
BALANCE SHEET (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 on 25 March 2025.





................................................
James Swift
Director


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
TEXT MANAGEMENT (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Text Management (Holdings) Limited is a private company limited by share capital. The Company was incorporated in England and Wales. The principal activity of the Company throughout the year was that of a management company.

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.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
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

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 balance sheet date in the countries where the Company operates and generates income.

Page 3

 
TEXT MANAGEMENT (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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 and reducing balance methods.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.8

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.

 
2.9

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. 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 4

 
TEXT MANAGEMENT (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

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 0 (2023 - 0).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
5,094



At 31 March 2024

5,094



Depreciation


At 1 April 2023
2,945


Charge for the year on owned assets
537



At 31 March 2024

3,482



Net book value



At 31 March 2024
1,612



At 31 March 2023
2,149

Page 5

 
TEXT MANAGEMENT (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost or valuation


At 1 April 2023
75
-
75


Additions
-
150
150



At 31 March 2024
75
150
225




Page 6

 
TEXT MANAGEMENT (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
131
-

Amounts owed by joint ventures and associated undertakings
556,889
501,500

Other debtors
-
12,000

557,020
513,500



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
25,340
44,002

25,340
44,002



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
-
318,937

Amounts owed to joint ventures
106,054
105,904

Corporation tax
4,375
23,569

Other creditors
4,000
4,000

Accruals and deferred income
1,422
1,357

115,851
453,767


Page 7

 
TEXT MANAGEMENT (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Related party transactions

During the year the Company made net transactions of £319,068 (2023 - £342,494) with Text Management Limited, a subsidiary company. At the year end the Company was owed £131 (2023 - £318,937 owed to) from Text Management Limited.
Also during the year the Company made net transactions of £22,753 (2023 - £265,000) with Team West Limited, a company in which the director, James Swift, is also a director and shareholder. At the year end the Company was owed £50,000 (2023 - £72,753) from Team West Limited.
Also during the year the Company made net transactions of £Nil (2023 - £Nil) with KKWJS Limited, a company in which the director, James Swift, is also a director and shareholder. At the year end the Company owed £105,904 (2023 - £105,904) to KKWJS Limited.
Also during the year the Company made net transactions of £Nil (2023 - £2,256) with Thatcham Swift Limited, a company in which the director, James Swift, is also a director and shareholder. At the year end the Company was owed £253,121 (2023 - £255,377) from Thatcham Swift Limited.
Also during the year the Company made net transactions of £50,000 (2023 - £Nil) with COT Automotive Investments Limited, a company in which the director, James Swift, is also a director and shareholder. At the year end the Company was owed £225,626 (2023 - £175,626) by COT Automotive Investments Limited.
Also during the year the Company made net transactions of £28,142 (2023 - £Nil) with JRS Lettings Europe SRL, an Italian company belonging to the director, James Swift. At the year end the Company was owed £28,142 (2023 - £Nil) by JRS Lettings Europe SRL.
 


10.


Controlling party

The Company is controlled by the director, James Swift, by virtue of his shareholding as described in the director's report.
The Company is exempt from preparing and delivering group accounts.

 
Page 8