Caseware UK (AP4) 2024.0.164 2024.0.164 2024-01-312024-01-31true2023-02-01truefalseNo description of principal activity11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 827382 2023-02-01 2024-01-31 827382 2022-02-01 2023-01-31 827382 2024-01-31 827382 2023-01-31 827382 c:Director2 2023-02-01 2024-01-31 827382 d:Buildings 2024-01-31 827382 d:Buildings 2023-01-31 827382 d:Buildings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 827382 d:ComputerEquipment 2023-02-01 2024-01-31 827382 d:ComputerEquipment 2024-01-31 827382 d:ComputerEquipment 2023-01-31 827382 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 827382 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 827382 d:CurrentFinancialInstruments 2024-01-31 827382 d:CurrentFinancialInstruments 2023-01-31 827382 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 827382 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 827382 d:ShareCapital 2024-01-31 827382 d:ShareCapital 2023-01-31 827382 d:RevaluationReserve 2023-02-01 2024-01-31 827382 d:RevaluationReserve 2024-01-31 827382 d:RevaluationReserve 2023-01-31 827382 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 827382 d:RetainedEarningsAccumulatedLosses 2024-01-31 827382 d:RetainedEarningsAccumulatedLosses 2023-01-31 827382 c:FRS102 2023-02-01 2024-01-31 827382 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 827382 c:FullAccounts 2023-02-01 2024-01-31 827382 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 827382 2 2023-02-01 2024-01-31 827382 6 2023-02-01 2024-01-31 827382 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 827382









NICHOLAS LAWSON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
NICHOLAS LAWSON LIMITED
REGISTERED NUMBER:827382

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
375,297
376,244

Investments
 5 
2,231
3,517

  
377,528
379,761

Current assets
  

Debtors
 6 
22,577
26,200

Cash at bank and in hand
 7 
12,532
17,346

  
35,109
43,546

Creditors: amounts falling due within one year
 8 
(4,888)
(4,154)

Net current assets
  
 
 
30,221
 
 
39,392

Total assets less current liabilities
  
407,749
419,153

  

Net assets
  
407,749
419,153


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 9 
111,865
111,865

Profit and loss account
 9 
295,784
307,188

  
407,749
419,153


Page 1

 
NICHOLAS LAWSON LIMITED
REGISTERED NUMBER:827382
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 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 22 April 2025.




................................................
O Lawson
Director

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

Page 2

 
NICHOLAS LAWSON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

The company is incorporated in the United Kingdom under the Companies Act. The company is a private
limited company and is registered in England and Wales. The address of the registered office is 1 The Green, Richmond, Surrey, TW9 1PL.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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:

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.

 
2.3

Interest income

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

 
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.

Page 3

 
NICHOLAS LAWSON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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:

Computer equipment
-
33.33% 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.

 
2.7

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
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.

Page 4

 
NICHOLAS LAWSON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.9

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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 1 (2023 - 1).

Page 5

 
NICHOLAS LAWSON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Freehold property
Computer equipment
Total

£
£
£



Cost or valuation


At 1 February 2023
375,000
19,008
394,008



At 31 January 2024

375,000
19,008
394,008



Depreciation


At 1 February 2023
-
17,764
17,764


Charge for the year on owned assets
-
947
947



At 31 January 2024

-
18,711
18,711



Net book value



At 31 January 2024
375,000
297
375,297



At 31 January 2023
375,000
1,244
376,244

The Investment Property was revalued at open market value at £375,000 as at 31 January 2017 by Jezzards valuers in April 2017 and the directors are of the opinion that the value remains the same as at 31 January 2024. The cost of the property was £263,135.

Page 6

 
NICHOLAS LAWSON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 February 2023
286
3,231
3,517


Revaluations
-
(1,001)
(1,001)


Amounts written off
(285)
-
(285)



At 31 January 2024
1
2,230
2,231




Page 7

 
NICHOLAS LAWSON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Debtors

2024
2023
£
£



Other debtors
22,577
26,200

22,577
26,200



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12,532
17,346

12,532
17,346



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
209
203

Accruals and deferred income
4,679
3,951

4,888
4,154



9.


Reserves

Revaluation reserve

The revaluation reserve represents the cumulative effect of property fair value adjustments transferred from the profit and loss account.

Profit & loss account

The profit and loss reserve represents cumulative profits for the year and prior periods, net of dividends paid and other adjustments.


10.


Transactions with directors

Debtors includes loans of £22,577 (2023: £11,148) relating to related parties of the director which were repaid after the year end.

 
Page 8