Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-05false2024-01-014No description of principal activity7falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false NI617812 2024-01-01 2024-12-31 NI617812 2023-01-01 2023-12-31 NI617812 2024-12-31 NI617812 2023-12-31 NI617812 c:Director2 2024-01-01 2024-12-31 NI617812 c:Director3 2024-01-01 2024-12-31 NI617812 d:FurnitureFittings 2024-01-01 2024-12-31 NI617812 d:FurnitureFittings 2024-12-31 NI617812 d:FurnitureFittings 2023-12-31 NI617812 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI617812 d:Goodwill 2024-12-31 NI617812 d:Goodwill 2023-12-31 NI617812 d:CurrentFinancialInstruments 2024-12-31 NI617812 d:CurrentFinancialInstruments 2023-12-31 NI617812 d:Non-currentFinancialInstruments 2024-12-31 NI617812 d:Non-currentFinancialInstruments 2023-12-31 NI617812 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 NI617812 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI617812 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 NI617812 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 NI617812 d:ShareCapital 2024-12-31 NI617812 d:ShareCapital 2023-12-31 NI617812 d:RetainedEarningsAccumulatedLosses 2024-12-31 NI617812 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI617812 c:OrdinaryShareClass1 2024-01-01 2024-12-31 NI617812 c:OrdinaryShareClass1 2024-12-31 NI617812 c:OrdinaryShareClass1 2023-12-31 NI617812 c:OrdinaryShareClass2 2024-01-01 2024-12-31 NI617812 c:OrdinaryShareClass2 2024-12-31 NI617812 c:OrdinaryShareClass3 2024-01-01 2024-12-31 NI617812 c:OrdinaryShareClass3 2024-12-31 NI617812 c:OrdinaryShareClass4 2024-01-01 2024-12-31 NI617812 c:OrdinaryShareClass4 2024-12-31 NI617812 c:FRS102 2024-01-01 2024-12-31 NI617812 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI617812 c:FullAccounts 2024-01-01 2024-12-31 NI617812 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI617812 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 NI617812 2 2024-01-01 2024-12-31 NI617812 6 2024-01-01 2024-12-31 NI617812 d:Goodwill d:OwnedIntangibleAssets 2024-01-01 2024-12-31 NI617812 3 2024-12-31 NI617812 3 2023-12-31 NI617812 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: NI617812










Ferguson Hill Asset Management Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2024

 
Ferguson Hill Asset Management Ltd
Registered number: NI617812

Balance Sheet
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
  
300,000
-

Tangible assets
 5 
5,753
3,443

Investments
 6 
89,838
27,835

  
395,591
31,278

Current assets
  

Debtors: amounts falling due within one year
 7 
1,230,575
216,956

Cash at bank and in hand
  
1,369,714
446,298

  
2,600,289
663,254

Creditors: amounts falling due within one year
 8 
(518,907)
(125,718)

Net current assets
  
 
 
2,081,382
 
 
537,536

Total assets less current liabilities
  
2,476,973
568,814

Creditors: amounts falling due after more than one year
 9 
(19,214)
(19,041)

Net assets
  
2,457,759
549,773


Capital and reserves
  

Called up share capital 
 10 
165,000
16,500

Profit and loss account
  
2,292,759
533,273

  
2,457,759
549,773


img1f55.png
Page 1

 
Ferguson Hill Asset Management Ltd
Registered number: NI617812

Balance Sheet (continued)
As at 31 December 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on 5 May 2025.




Claire Geddis
Stephen Hill
Director
Director

The notes on pages 3 to 10 form part of these financial statements.

img0958.png
Page 2

 
Ferguson Hill Asset Management Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

1.


General information

Ferguson Hill Asset Management Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI617812. The registered office of the company is 238 Upper Newtownards Road, Belfast, BT4 3EU which is also the principal place of business of the company. The principal activity of the company during the year was that of management consultancy activities other than financial management. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the 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 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

Going concern

The financial statements have been prepared using the going concern basis of accounting. The directors have considered the resources available to the company and all other current information available to the company and they believe that the going concern basis of accounting is appropriate.

  
2.3

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

 
2.4

Interest income

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

 
2.5

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.

img0fbc.png
Page 3

 
Ferguson Hill Asset Management Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.


 
2.8

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:

Fixtures and fittings
-
20%

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.

 
2.9

Valuation of investments

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

img0e76.png
Page 4

 
Ferguson Hill Asset Management Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
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

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.

 
2.12

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 the directors, during the Year was as follows:


        2024
        2023
            No.
            No.







Directors
3
2



Staff
4
2

7
4

img7f08.png
Page 5

 
Ferguson Hill Asset Management Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

4.


Intangible assets




Goodwill

£



Cost


Additions
358,333



At 31 December 2024

358,333



Amortisation


Charge for the Year on owned assets
58,333



At 31 December 2024

58,333



Net book value



At 31 December 2024
300,000



At 31 December 2023
-



img3fc6.png
Page 6

 
Ferguson Hill Asset Management Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2024
6,768


Additions
3,479



At 31 December 2024

10,247



Depreciation


At 1 January 2024
3,325


Charge for the Year on owned assets
1,169



At 31 December 2024

4,494



Net book value



At 31 December 2024
5,753



At 31 December 2023
3,443

img7c1e.png
Page 7

 
Ferguson Hill Asset Management Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

6.


Fixed asset investments





Investments in subsidiary companies
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 January 2024
-
27,835
27,835


Additions
170,590
46,479
217,069


Revaluations
-
15,524
15,524



At 31 December 2024

170,590
89,838
260,428



Impairment


Charge for the period
170,590
-
170,590



At 31 December 2024

170,590
-
170,590



Net book value



At 31 December 2024
-
89,838
89,838



At 31 December 2023
-
27,835
27,835


7.


Debtors

2024
2023
£
£


Other debtors
781,049
153,286

Prepayments and accrued income
6,011
12,478

Tax recoverable
443,515
51,192

1,230,575
216,956


img6991.png
Page 8

 
Ferguson Hill Asset Management Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
2,815
498

Bank loans
14,380
3,726

Trade creditors
11,410
18,062

Amounts owed to group undertakings
-
13,183

Corporation tax
443,181
72,810

Other taxation and social security
5,377
-

Other creditors
15,939
15,939

Accruals and deferred income
25,805
1,500

518,907
125,718



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
19,214
19,041

19,214
19,041


img1f37.png
Page 9

 
Ferguson Hill Asset Management Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



74,250 (2023 - 16,500) Ordinary Shares Class A shares of £1.00 each
74,250
16,500
59,400 (2023 - ) Ordinary Shares Class B shares of £1.00 each
59,400
-
14,850 (2023 - ) Ordinary Shares Class C shares of £1.00 each
14,850
-
16,500 (2023 - ) Ordinary Shares Class D shares of £1.00 each
16,500
-

165,000

16,500





11.


Director's advances, credits and guarantees

During the financial year, the company made loans to a director amounting to £628,034 (2023: £78,714). The balance outstanding at the year end was £781,050 (2023: £153,016). Interest is charged at a rate of 2.50% per annum and the loan is repayable on demand.


img13f4.png
Page 10