Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-01false4740falsetruefalse 09604168 2023-09-01 2024-08-31 09604168 2022-09-01 2023-08-31 09604168 2024-08-31 09604168 2023-08-31 09604168 c:Director9 2023-09-01 2024-08-31 09604168 d:Buildings 2023-09-01 2024-08-31 09604168 d:Buildings 2024-08-31 09604168 d:Buildings 2023-08-31 09604168 d:Buildings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09604168 d:FurnitureFittings 2023-09-01 2024-08-31 09604168 d:FurnitureFittings 2024-08-31 09604168 d:FurnitureFittings 2023-08-31 09604168 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09604168 d:OfficeEquipment 2023-09-01 2024-08-31 09604168 d:OfficeEquipment 2024-08-31 09604168 d:OfficeEquipment 2023-08-31 09604168 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09604168 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09604168 d:CurrentFinancialInstruments 2024-08-31 09604168 d:CurrentFinancialInstruments 2023-08-31 09604168 d:Non-currentFinancialInstruments 2024-08-31 09604168 d:Non-currentFinancialInstruments 2023-08-31 09604168 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 09604168 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 09604168 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 09604168 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 09604168 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 09604168 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 09604168 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 09604168 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 09604168 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-08-31 09604168 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 09604168 d:ShareCapital 2024-08-31 09604168 d:ShareCapital 2023-08-31 09604168 d:RetainedEarningsAccumulatedLosses 2024-08-31 09604168 d:RetainedEarningsAccumulatedLosses 2023-08-31 09604168 c:FRS102 2023-09-01 2024-08-31 09604168 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09604168 c:FullAccounts 2023-09-01 2024-08-31 09604168 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09604168 2 2023-09-01 2024-08-31 09604168 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 09604168










CROMWELL HALL (MALDON) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
CROMWELL HALL (MALDON) LIMITED
REGISTERED NUMBER: 09604168

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,972,477
1,958,399

Current assets
  

Debtors: amounts falling due within one year
 5 
219,418
277,380

Cash at bank and in hand
 6 
615,800
433,838

  
835,218
711,218

Creditors: amounts falling due within one year
 7 
(915,131)
(763,760)

Net current liabilities
  
 
 
(79,913)
 
 
(52,542)

Total assets less current liabilities
  
1,892,564
1,905,857

Creditors: amounts falling due after more than one year
 8 
(716,545)
(785,666)

  

Net assets
  
1,176,019
1,120,191


Capital and reserves
  

Called up share capital 
  
822,734
822,734

Profit and loss account
  
353,285
297,457

  
1,176,019
1,120,191


Page 1

 
CROMWELL HALL (MALDON) LIMITED
REGISTERED NUMBER: 09604168
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 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: 

................................................
R J Coyle
Director

Date: 11 April 2025

Page 2

 
CROMWELL HALL (MALDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The company is limited by shares and is incorporated in England and Wales. Its registered office is 10 Silver Street Maldon Essex CM9 4QE, which is also its principal place of business.

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

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
CROMWELL HALL (MALDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 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 balance sheet date in the countries where the Company operates and generates income.

 
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:

Freehold property
-
1% straight line
Fixtures and fittings
-
15% reducing balance
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.

 
2.8

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

 
CROMWELL HALL (MALDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 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.

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

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.

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.

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.

 
2.12

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 47 (2023 - 40).

Page 5

 
CROMWELL HALL (MALDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2023
2,051,234
88,763
51,823
2,191,820


Additions
32,215
3,766
8,028
44,009



At 31 August 2024

2,083,449
92,529
59,851
2,235,829



Depreciation


At 1 September 2023
141,824
47,940
43,657
233,421


Charge for the year on owned assets
20,796
6,580
2,555
29,931



At 31 August 2024

162,620
54,520
46,212
263,352



Net book value



At 31 August 2024
1,920,829
38,009
13,639
1,972,477



At 31 August 2023
1,909,410
40,823
8,166
1,958,399

Page 6

 
CROMWELL HALL (MALDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Trade debtors
177,497
231,307

Other debtors
41,921
46,073

219,418
277,380



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
615,800
433,838



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
77,166
61,113

Trade creditors
34,065
39,319

Corporation tax
29,000
30,234

Other taxation and social security
7,400
7,150

Other creditors
115,300
118,283

Accruals and deferred income
652,200
507,661

915,131
763,760



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
716,545
785,666


Page 7

 
CROMWELL HALL (MALDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
77,166
61,113

Amounts falling due 1-2 years

Bank loans
11,250
60,000

Amounts falling due 2-5 years

Bank loans
341,075
176,054

Amounts falling due after more than 5 years

Bank loans
364,220
549,612

793,711
846,779



10.


Related party transactions

The Company was controlled in the current and prior year by Mr S F B Guest and Mrs L F Guest.

 
Page 8