Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-22trueNo description of principal activity2023-06-01false11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04332266 2023-06-01 2024-05-31 04332266 2022-06-01 2023-05-31 04332266 2024-05-31 04332266 2023-05-31 04332266 c:Director1 2023-06-01 2024-05-31 04332266 d:PlantMachinery 2023-06-01 2024-05-31 04332266 d:PlantMachinery 2024-05-31 04332266 d:PlantMachinery 2023-05-31 04332266 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04332266 d:FreeholdInvestmentProperty 2024-05-31 04332266 d:FreeholdInvestmentProperty 2023-05-31 04332266 d:CurrentFinancialInstruments 2024-05-31 04332266 d:CurrentFinancialInstruments 2023-05-31 04332266 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 04332266 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 04332266 d:ShareCapital 2024-05-31 04332266 d:ShareCapital 2023-05-31 04332266 d:RevaluationReserve 2024-05-31 04332266 d:RevaluationReserve 2023-05-31 04332266 d:RetainedEarningsAccumulatedLosses 2024-05-31 04332266 d:RetainedEarningsAccumulatedLosses 2023-05-31 04332266 c:OrdinaryShareClass1 2023-06-01 2024-05-31 04332266 c:OrdinaryShareClass1 2024-05-31 04332266 c:OrdinaryShareClass1 2023-05-31 04332266 c:FRS102 2023-06-01 2024-05-31 04332266 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 04332266 c:FullAccounts 2023-06-01 2024-05-31 04332266 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04332266 6 2023-06-01 2024-05-31 04332266 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 04332266 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 04332266 d:TaxLossesCarry-forwardsDeferredTax 2024-05-31 04332266 d:TaxLossesCarry-forwardsDeferredTax 2023-05-31 04332266 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04332266










CHEVENING INDUSTRIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
CHEVENING INDUSTRIES LIMITED
REGISTERED NUMBER: 04332266

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
209
246

Investments
 5 
196,591
-

Investment property
 6 
175,000
175,000

  
371,800
175,246

Current assets
  

Debtors: amounts falling due within one year
 7 
199,844
880

Cash at bank and in hand
  
8,081
14,073

  
207,925
14,953

Creditors: amounts falling due within one year
 8 
(365,067)
(36,061)

Net current liabilities
  
 
 
(157,142)
 
 
(21,108)

Total assets less current liabilities
  
214,658
154,138

Provisions for liabilities
  

Deferred tax
 9 
(8,025)
(8,036)

  
 
 
(8,025)
 
 
(8,036)

Net assets
  
206,633
146,102


Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Revaluation reserve
  
51,827
51,827

Profit and loss account
  
153,806
93,275

  
206,633
146,102


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 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:
Page 1

 
CHEVENING INDUSTRIES LIMITED
REGISTERED NUMBER: 04332266

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024





................................................
D M Wightman
Director

Date: 22 May 2025

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

Page 2

 
CHEVENING INDUSTRIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Chevening Industries Limited is a limited liability Company domiciled in the UK and incorporated in England and Wales. The address of its registered office is Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS.

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 for rent due during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

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, as given below.

Depreciation is provided on the following basis:

Plant & machinery
-
33% on cost and 15% on 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.

Page 3

 
CHEVENING INDUSTRIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due with the operating cycle fall into this category of financial instruments.

 
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

 
CHEVENING INDUSTRIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
CHEVENING INDUSTRIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Plant & machinery

£



Cost or valuation


At 1 June 2023
9,245



At 31 May 2024

9,245



Depreciation


At 1 June 2023
8,999


Charge for the year on owned assets
37



At 31 May 2024

9,036



Net book value



At 31 May 2024
209



At 31 May 2023
246


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
196,591



At 31 May 2024
196,591






Net book value



At 31 May 2024
196,591



At 31 May 2023
-

Page 6

 
CHEVENING INDUSTRIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
175,000



At 31 May 2024
175,000

The director considered the market value of property at the year end and does not believe it has changed in value since 31 May 2018.





7.


Debtors

2024
2023
£
£


Trade debtors
1,043
-

Other debtors
198,801
880

199,844
880



8.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
8,079
1,800

Corporation tax
45
1,654

Other creditors
354,903
30,207

Accruals and deferred income
2,040
2,400

365,067
36,061


Page 7

 
CHEVENING INDUSTRIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Deferred taxation




2024


£






At beginning of year
(8,036)


Charged to profit or loss
11



At end of year
(8,025)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(52)
(63)

Capital gains
(7,973)
(7,973)

(8,025)
(8,036)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1 each
1,000
1,000



11.


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 £2,050 (2023: £nil).
Contributions totalling £1,905 (2023: £nil) were payable to the fund at the balance sheet date and are included in creditors.


Page 8