Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-10-01falseNo description of principal activity2010falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC324229 2023-10-01 2024-09-30 SC324229 2022-10-01 2023-09-30 SC324229 2024-09-30 SC324229 2023-09-30 SC324229 c:Director1 2023-10-01 2024-09-30 SC324229 c:Director2 2023-10-01 2024-09-30 SC324229 c:Director3 2023-10-01 2024-09-30 SC324229 c:Director4 2023-10-01 2024-09-30 SC324229 c:Director4 2024-09-30 SC324229 c:RegisteredOffice 2023-10-01 2024-09-30 SC324229 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 SC324229 d:Buildings d:LongLeaseholdAssets 2024-09-30 SC324229 d:Buildings d:LongLeaseholdAssets 2023-09-30 SC324229 d:FurnitureFittings 2023-10-01 2024-09-30 SC324229 d:FurnitureFittings 2024-09-30 SC324229 d:FurnitureFittings 2023-09-30 SC324229 d:OfficeEquipment 2023-10-01 2024-09-30 SC324229 d:OfficeEquipment 2024-09-30 SC324229 d:OfficeEquipment 2023-09-30 SC324229 d:CurrentFinancialInstruments 2024-09-30 SC324229 d:CurrentFinancialInstruments 2023-09-30 SC324229 d:Non-currentFinancialInstruments 2024-09-30 SC324229 d:Non-currentFinancialInstruments 2023-09-30 SC324229 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 SC324229 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 SC324229 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 SC324229 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 SC324229 d:ShareCapital 2024-09-30 SC324229 d:ShareCapital 2023-09-30 SC324229 d:RetainedEarningsAccumulatedLosses 2024-09-30 SC324229 d:RetainedEarningsAccumulatedLosses 2023-09-30 SC324229 c:OrdinaryShareClass1 2023-10-01 2024-09-30 SC324229 c:OrdinaryShareClass1 2024-09-30 SC324229 c:OrdinaryShareClass1 2023-09-30 SC324229 c:FRS102 2023-10-01 2024-09-30 SC324229 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC324229 c:FullAccounts 2023-10-01 2024-09-30 SC324229 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC324229 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC324229










MCHARDY PRIVATE WEALTH LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
MCHARDY PRIVATE WEALTH LIMITED
 

COMPANY INFORMATION


Directors
Mr A Kerr 
Mr R Fletcher 
Mr M J Thornton-Smith 
Mr J O'Brien (appointed 21 January 2025)




Registered number
SC324229



Registered office
13 Bon Accord Crescent

Aberdeen

AB11 6DE




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
MCHARDY PRIVATE WEALTH LIMITED
REGISTERED NUMBER: SC324229

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
3,662
-

  
3,662
-

Current assets
  

Debtors: amounts falling due within one year
 5 
818,054
509,650

Bank and cash balances
  
81
16,666

  
818,135
526,316

Creditors: amounts falling due within one year
 6 
(657,923)
(291,790)

Net current assets
  
 
 
160,212
 
 
234,526

Total assets less current liabilities
  
163,874
234,526

Creditors: amounts falling due after more than one year
 7 
(50,557)
(32,249)

  

Net assets
  
113,317
202,277


Capital and reserves
  

Called up share capital 
 8 
150
150

Profit and loss account
  
113,167
202,127

  
113,317
202,277


Page 1

 
MCHARDY PRIVATE WEALTH LIMITED
REGISTERED NUMBER: SC324229

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 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 24 March 2025.




Mr A Kerr
Mr R Fletcher
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MCHARDY PRIVATE WEALTH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

McHardy Private Wealth Limited is limited by shares and incorporated in Scotland with registration number SC324229. The address of the registered office is 13 Bon Accord Crescent, Aberdeen, AB11 6DE.
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 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

Turnover

Turnover 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. Turnover 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

Turnover 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

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
MCHARDY PRIVATE WEALTH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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 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.

 
2.5

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 method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
25%
straight-line
Fixtures and fittings
-
25%
straight-line
Office equipment
-
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.

Page 4

 
MCHARDY PRIVATE WEALTH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

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 Statement of financial position 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.

 
2.7

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 20 (2023 - 10).


4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
1,728
10,425
25,083
37,236


Transfers intra group
-
10,710
11,864
22,574



At 30 September 2024

1,728
21,135
36,947
59,810



Depreciation


At 1 October 2023
1,728
10,425
25,083
37,236


Transfers intra group
-
7,654
11,258
18,912



At 30 September 2024

1,728
18,079
36,341
56,148



Net book value



At 30 September 2024
-
3,056
606
3,662



At 30 September 2023
-
-
-
-

Page 5

 
MCHARDY PRIVATE WEALTH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
180,000
130,458

Amounts owed by group companies
599,852
343,968

Other debtors
-
10,000

Prepayments and accrued income
38,202
25,224

818,054
509,650



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Other loans
56,076
12,093

Other taxation and social security
507,164
228,507

Other creditors
19,000
-

Accruals and deferred income
65,683
41,190

657,923
291,790



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,667
16,667

Other loans
43,890
15,582

50,557
32,249



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



150 (2023 - 150) Ordinary shares of £1.00 each
150
150


Page 6

 
MCHARDY PRIVATE WEALTH LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Related party transactions

During the year the parent Company, McHardy Group Limited, was advanced a loan of £150,000 (2023 - £1,500,000). At 30 September 2024 the balance outstanding was £2,230,207.
This balance is secured by a floating charge over the assets of all group companies including McHardy Private Wealth Limited.


Page 7