Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-22No description of principal activity2023-09-011false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14277050 2023-09-01 2024-08-31 14277050 2022-08-04 2023-08-31 14277050 2024-08-31 14277050 2023-08-31 14277050 c:Director1 2023-09-01 2024-08-31 14277050 d:CurrentFinancialInstruments 2024-08-31 14277050 d:CurrentFinancialInstruments 2023-08-31 14277050 d:Non-currentFinancialInstruments 2024-08-31 14277050 d:Non-currentFinancialInstruments 2023-08-31 14277050 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 14277050 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 14277050 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 14277050 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 14277050 d:ShareCapital 2024-08-31 14277050 d:ShareCapital 2023-08-31 14277050 d:RetainedEarningsAccumulatedLosses 2024-08-31 14277050 d:RetainedEarningsAccumulatedLosses 2023-08-31 14277050 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-08-31 14277050 d:OtherDeferredTax 2024-08-31 14277050 d:OtherDeferredTax 2023-08-31 14277050 c:FRS102 2023-09-01 2024-08-31 14277050 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14277050 c:FullAccounts 2023-09-01 2024-08-31 14277050 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14277050 2 2023-09-01 2024-08-31 14277050 6 2023-09-01 2024-08-31 14277050 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 14277050









Crown & Butler Limited







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
Crown & Butler Limited
REGISTERED NUMBER: 14277050

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
541,432
483,684

  
541,432
483,684

Current assets
  

Debtors: amounts falling due within one year
  
26,237
-

Current asset investments
  
159,225
-

Cash at bank and in hand
 7 
352,748
511,712

  
538,210
511,712

Creditors: amounts falling due within one year
 8 
(6,310)
-

Net current assets
  
 
 
531,900
 
 
511,712

Total assets less current liabilities
  
1,073,332
995,396

Creditors: amounts falling due after more than one year
  
(1,000,000)
(1,000,000)

Provisions for liabilities
  

Deferred tax
  
(9,584)
-

  
 
 
(9,584)
 
 
-

Net assets/(liabilities)
  
63,748
(4,604)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
63,747
(4,605)

  
63,748
(4,604)


Page 1

 
Crown & Butler Limited
REGISTERED NUMBER: 14277050
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 her 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 on 22 May 2025.




N J Butler
Director

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

Page 2

 
Crown & Butler Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Crown & Butler Limited is a private company limited by shares, domiciled in England and Wales, registration number 14277050. The registered office is 2nd Floor Nucleus House, 2 Lower Mortlake Road, Richmond, TW9 2JA.  

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

Interest income

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

 
2.3

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 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 Statement of Financial Position 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.

Page 3

 
Crown & Butler Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

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.

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

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

Financial instruments

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.

Page 4

 
Crown & Butler Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.


3.


Employees




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


4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 September 2023
483,685


Additions
231,908


Disposals
(212,497)


Revaluations
38,336



At 31 August 2024
541,432





5.


Debtors

2024
2023
£
£


Prepayments and accrued income
26,237
-

26,237
-


Page 5

 
Crown & Butler Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Current asset investments

2024
2023
£
£

Unlisted investments (liquid)
159,225
-

159,225
-



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
352,748
511,712

352,748
511,712



8.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
6,310

6,310



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
1,000,000
1,000,000

1,000,000
1,000,000


Page 6

 
Crown & Butler Limited
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Financial instruments

2024
£

Financial assets


Financial assets measured at fair value through profit or loss
1,079,642




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand, debtors, unlisted investments and listed investments.


11.


Deferred taxation




2024


£






Charged to profit or loss
(9,584)



At end of year
(9,584)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Fair value adjustmemt
(9,584)
-

(9,584)
-


12.


Provisions










At 31 August 2024


13.


Holding company and ultimate controlling party

Noteworthy Limited, whose registered office is situated at 142 Buckingham Palace Road, London,
England, SW1W 9TR, is the Company's immediate and ultimate parent.
The ultimate controlling party is N J Butler, a director of the company, by virtue of her ownership
of the entire share capital of the holding company, Noteworthy Limited.

Page 7

 
Crown & Butler Limited
 
 
 Page 8