Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-272023-11-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12938638 2023-11-01 2024-10-31 12938638 2024-10-31 12938638 2022-11-01 2023-10-31 12938638 2023-10-31 12938638 c:Director1 2023-11-01 2024-10-31 12938638 c:Director2 2023-11-01 2024-10-31 12938638 d:CurrentFinancialInstruments 2024-10-31 12938638 d:CurrentFinancialInstruments 2023-10-31 12938638 d:Non-currentFinancialInstruments 2024-10-31 12938638 d:Non-currentFinancialInstruments 2023-10-31 12938638 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 12938638 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12938638 d:ShareCapital 2024-10-31 12938638 d:ShareCapital 2023-10-31 12938638 d:RetainedEarningsAccumulatedLosses 2024-10-31 12938638 d:RetainedEarningsAccumulatedLosses 2023-10-31 12938638 c:OrdinaryShareClass1 2023-11-01 2024-10-31 12938638 c:OrdinaryShareClass1 2024-10-31 12938638 c:OrdinaryShareClass1 2023-10-31 12938638 c:OrdinaryShareClass2 2023-11-01 2024-10-31 12938638 c:OrdinaryShareClass2 2024-10-31 12938638 c:OrdinaryShareClass2 2023-10-31 12938638 c:FRS102 2023-11-01 2024-10-31 12938638 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12938638 c:FullAccounts 2023-11-01 2024-10-31 12938638 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12938638 6 2023-11-01 2024-10-31 12938638 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12938638













Jewel Investments Limited

Financial statements
Information for filing with the registrar

31 October 2024




 
Jewel Investments Limited


Balance sheet
At 31 October 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
8,993,098
8,361,497

  
8,993,098
8,361,497

Current assets
  

Debtors: amounts falling due over one year
 5 
60,623
10,000

Debtors: amounts falling due within one year
 5 
317,303
295,817

Cash at bank and in hand
  
420,437
333,423

  
798,363
639,240

Creditors: amounts falling due within one year
 6 
(9,467,832)
(9,370,577)

Net current liabilities
  
 
 
(8,669,469)
 
 
(8,731,337)

Total assets less current liabilities
  
323,629
(369,840)

Provisions for liabilities
  

Deferred tax
  
(139,596)
-

  
 
 
(139,596)
 
 
-

Net assets/(liabilities)
  
184,033
(369,840)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
183,933
(369,940)

Shareholders' funds
  
184,033
(369,840)


1

 
Jewel Investments Limited

    
Balance sheet (continued)
At 31 October 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 on 27 May 2025.




M J Bainbridge
S M Bainbridge
Director
Director

Company registered number: 12938638
The notes on pages 3 to 8 form part of these financial statements. 

2

 
Jewel Investments Limited
 
 

Notes to the financial statements
Year ended 31 October 2024

1.


General information

Jewel Investments Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is given in the company information page of this annual report. 

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. The financial statements have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

 
2.4

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

3

 
Jewel Investments Limited
 

 
Notes to the financial statements
Year ended 31 October 2024

2.Accounting policies (continued)

 
2.5

Revenue

Interest income
Interest income is accrued on a time apportioned basis, by reference to the principal outstanding at the effective interest rate.
Dividend income
Dividend income from the company's investments is recognised when the company's right to receive payment is established.

 
2.6

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.

 
2.7

Borrowing costs

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

 
2.8

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.


4

 
Jewel Investments Limited
 

 
Notes to the financial statements
Year ended 31 October 2024

2.Accounting policies (continued)

 
2.9

Valuation of investments

Unquoted investments are initially recorded at cost, and subsequently stated at cost less any accumlated impairment losses. 

Investments in subsidiaries are measured at cost less accumulated impairment.

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.

 
2.10

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.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
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.

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.

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.

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.

5

 
Jewel Investments Limited
 

 
Notes to the financial statements
Year ended 31 October 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is 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 creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments 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 creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors 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.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

6

 
Jewel Investments Limited
 
 

Notes to the financial statements
Year ended 31 October 2024

3.


Employees

The company has no employees other than the directors, who did not receive any remuneration.


4.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Unquoted investments
Total

£
£
£
£



Cost or valuation


At 1 November 2023
1
5,585,633
2,775,863
8,361,497


Additions
-
1,572,364
-
1,572,364


Disposals
-
(1,675,579)
-
(1,675,579)


Revaluations
-
734,816
-
734,816



At 31 October 2024
1
6,217,234
2,775,863
8,993,098





5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
60,623
10,000

60,623
10,000


2024
2023
£
£

Due within one year

Amounts owed by group undertakings
280,431
287,431

Other debtors
16,918
-

Prepayments and accrued income
19,954
8,386

317,303
295,817


7

 
Jewel Investments Limited
 
 

Notes to the financial statements
Year ended 31 October 2024

6.


Creditors: amounts falling due within one year

2024
2023
£
£

Other loans
3,972,636
3,757,138

Other creditors
5,485,155
5,604,133

Accruals and deferred income
10,041
9,306

9,467,832
9,370,577



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



4 (2023 : 4) Ordinary A shares of £1.00 each
4
4
96 (2023 : 96) Ordinary B shares of £1.00 each
96
96

100

100


 
8