Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false532023-04-01falsetrueNo description of principal activitytrue 10689735 2023-04-01 2024-05-31 10689735 2022-04-01 2023-03-31 10689735 2024-05-31 10689735 2023-03-31 10689735 c:Director2 2023-04-01 2024-05-31 10689735 d:FurnitureFittings 2023-04-01 2024-05-31 10689735 d:FurnitureFittings 2024-05-31 10689735 d:FurnitureFittings 2023-03-31 10689735 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-05-31 10689735 d:ComputerEquipment 2023-04-01 2024-05-31 10689735 d:ComputerEquipment 2024-05-31 10689735 d:ComputerEquipment 2023-03-31 10689735 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-05-31 10689735 d:OwnedOrFreeholdAssets 2023-04-01 2024-05-31 10689735 d:Goodwill 2023-04-01 2024-05-31 10689735 d:Goodwill 2024-05-31 10689735 d:Goodwill 2023-03-31 10689735 d:CurrentFinancialInstruments 2024-05-31 10689735 d:CurrentFinancialInstruments 2023-03-31 10689735 d:Non-currentFinancialInstruments 2024-05-31 10689735 d:Non-currentFinancialInstruments 2023-03-31 10689735 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10689735 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10689735 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 10689735 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10689735 d:ShareCapital 2024-05-31 10689735 d:ShareCapital 2023-03-31 10689735 d:RetainedEarningsAccumulatedLosses 2024-05-31 10689735 d:RetainedEarningsAccumulatedLosses 2023-03-31 10689735 c:FRS102 2023-04-01 2024-05-31 10689735 c:Audited 2023-04-01 2024-05-31 10689735 c:FullAccounts 2023-04-01 2024-05-31 10689735 c:PrivateLimitedCompanyLtd 2023-04-01 2024-05-31 10689735 c:SmallCompaniesRegimeForAccounts 2023-04-01 2024-05-31 10689735 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-05-31 10689735 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-05-31 10689735 e:PoundSterling 2023-04-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 10689735









H&D FINANCIAL PLANNING LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
H&D FINANCIAL PLANNING LIMITED
REGISTERED NUMBER: 10689735

BALANCE SHEET
AS AT 31 MAY 2024

31 May
31 March
2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
699,359
108,959

Tangible assets
 5 
852
125

  
700,211
109,084

Current assets
  

Debtors: amounts falling due within one year
 6 
48,689
786

Cash at bank and in hand
 7 
214,343
914

  
263,032
1,700

Creditors: amounts falling due within one year
 8 
(502,295)
(268,548)

Net current liabilities
  
 
 
(239,263)
 
 
(266,848)

Total assets less current liabilities
  
460,948
(157,764)

Creditors: amounts falling due after more than one year
 9 
(576,432)
(101,946)

  

Net liabilities
  
(115,484)
(259,710)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(115,584)
(259,810)

  
(115,484)
(259,710)


Page 1

 
H&D FINANCIAL PLANNING LIMITED
REGISTERED NUMBER: 10689735
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

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 comprehensive income 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: 




W J Green
Director

Date: 2 April 2025

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

Page 2

 
H&D FINANCIAL PLANNING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

H & D Financial Planning Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. 
The financial statements are presented in Pounds Sterling (£), rounded to the nearest £1.
The financial information for the current period represents the fourteen months from 1 April 2023 to 31 May 2024. The previous financial period represents the year to 31 March 2023 and thus is not entirely comparable.

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

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable furure, being a period of at least twelve months from the date these financial statemsnts were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
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.

Page 3

 
H&D FINANCIAL PLANNING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
H&D FINANCIAL PLANNING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
reducing balance
Computer 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.

 
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 5

 
H&D FINANCIAL PLANNING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Page 6

 
H&D FINANCIAL PLANNING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the period was 5 (2023 - 3).

Page 7

 
H&D FINANCIAL PLANNING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

4.


Intangible assets






Goodwill

£



Cost


At 1 April 2023
407,567


Additions
649,913



At 31 May 2024

1,057,480



Amortisation


At 1 April 2023
298,608


Charge for the period on owned assets
59,513



At 31 May 2024

358,121



Net book value



At 31 May 2024
699,359



At 31 March 2023
108,959



Page 8

 
H&D FINANCIAL PLANNING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

5.


Tangible fixed assets







Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
2,560
3,519
6,079


Additions
-
1,145
1,145



At 31 May 2024

2,560
4,664
7,224



Depreciation


At 1 April 2023
2,560
3,394
5,954


Charge for the period on owned assets
-
418
418



At 31 May 2024

2,560
3,812
6,372



Net book value



At 31 May 2024
-
852
852



At 31 March 2023
-
125
125


6.


Debtors

31 May
31 March
2024
2023
£
£


Amounts owed by group undertakings
48,000
-

Prepayments and accrued income
689
786

48,689
786


Page 9

 
H&D FINANCIAL PLANNING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

7.


Cash and cash equivalents

31 May
31 March
2024
2023
£
£

Cash at bank and in hand
214,343
914

214,343
914



8.


Creditors: Amounts falling due within one year

31 May
31 March
2024
2023
£
£

Trade creditors
-
1,171

Amounts owed to group undertakings
328,077
265,461

Other taxation and social security
8,289
1,539

Other creditors
151,452
377

Accruals and deferred income
14,477
-

502,295
268,548



9.


Creditors: Amounts falling due after more than one year

31 May
31 March
2024
2023
£
£

Amounts owed to group undertakings
296,954
101,946

Other creditors
279,478
-

576,432
101,946



10.


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 £3,803 (2023 - £10,653). Contributions were payable to the fund amounting to £Nil (2023 - £Nil) at balance sheet date.

Page 10

 
H&D FINANCIAL PLANNING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

11.


Related party transactions

The Company has taken advantage of exemptions available in Section 33 Related Party Disclosures of FRS 102 from disclosing transactions with wholly owned members of the group.


12.


Controlling party

The immediate parent company is BIDCO HDW Limited.
The smallest and largest group in which the results of the company are included are the consolidated financial statements of Fusion Asset Management (Services) Limited and these can be obtained from Companies House.


13.


Auditors' information

The auditors' report on the financial statements for the period ended 31 May 2024 was unqualified.

The audit report was signed on 2 April 2025 by Christopher Taylor FCA (Senior Statutory Auditor) on behalf of Adler Shine LLP.

 
Page 11