Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31false522023-04-01falseNo description of principal activity42falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07734959 2023-04-01 2024-03-31 07734959 2022-04-01 2023-03-31 07734959 2024-03-31 07734959 2023-03-31 07734959 c:Director1 2023-04-01 2024-03-31 07734959 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 07734959 d:Buildings d:ShortLeaseholdAssets 2024-03-31 07734959 d:Buildings d:ShortLeaseholdAssets 2023-03-31 07734959 d:PlantMachinery 2023-04-01 2024-03-31 07734959 d:PlantMachinery 2024-03-31 07734959 d:PlantMachinery 2023-03-31 07734959 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07734959 d:OfficeEquipment 2023-04-01 2024-03-31 07734959 d:OfficeEquipment 2024-03-31 07734959 d:OfficeEquipment 2023-03-31 07734959 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07734959 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07734959 d:CurrentFinancialInstruments 2024-03-31 07734959 d:CurrentFinancialInstruments 2023-03-31 07734959 d:Non-currentFinancialInstruments 2024-03-31 07734959 d:Non-currentFinancialInstruments 2023-03-31 07734959 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07734959 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07734959 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07734959 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07734959 d:ShareCapital 2024-03-31 07734959 d:ShareCapital 2023-03-31 07734959 d:RetainedEarningsAccumulatedLosses 2024-03-31 07734959 d:RetainedEarningsAccumulatedLosses 2023-03-31 07734959 c:FRS102 2023-04-01 2024-03-31 07734959 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07734959 c:FullAccounts 2023-04-01 2024-03-31 07734959 c:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 07734959 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 07734959









HALCYON DAYS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
HALCYON DAYS LIMITED
REGISTERED NUMBER: 07734959

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
80,323
116,911

  
80,323
116,911

Current assets
  

Stocks
  
1,690,646
1,147,494

Debtors: amounts falling due after more than one year
 5 
6,728
6,728

Debtors: amounts falling due within one year
 5 
1,092,279
1,562,810

Cash at bank and in hand
  
13,343
315,891

  
2,802,996
3,032,923

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 6 
(2,256,946)
(1,601,549)

Net current assets
  
 
 
546,050
 
 
1,431,374

Total assets less current liabilities
  
626,373
1,548,285

Creditors: amounts falling due after more than one year
 7 
(4,236,619)
(3,980,387)

  

Net liabilities
  
(3,610,246)
(2,432,102)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(3,610,248)
(2,432,104)

  
(3,610,246)
(2,432,102)


Page 1

 
HALCYON DAYS LIMITED
REGISTERED NUMBER: 07734959
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 4 June 2025.

Pamela Elizabeth Harper
Director

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

Page 2

 
HALCYON DAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Halcyon Days Limited is a private company limited by shares and registered in England and Wales.
The registered office address is 124 Finchley Road, London, NW3 5JS.
The principal trading address is 251 Brompton Road, Knightsbridge, London, SW3 2EP

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

Going concern

The directors have considered the company's ability to continue as a going concern for the next twelve months.

The company is reliant on ongoing financial support from certain parties. Funds have already been provided to meet liabilities and the relevant parties have provided assurances that financial support will be available. The Board considers that sufficient financial support will be made available such that the company can continue in operational existence for the foreseeable future.

For this reason, the accounts have been prepared on a going concern basis. 

 
2.3

Foreign currency translation

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. 

Page 3

 
HALCYON DAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals payable under operating leases are charged to the Statement of Income and Retained Earnings  on a straight-line basis over the terms of the leases.

 
2.6

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt.

 
2.7

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.

 
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.

Page 4

 
HALCYON DAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Short-term leasehold property
-
over the term of the lease
Plant and machinery
-
10% straight line
Office equipment
-
20% 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.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a unit cost basis. 
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Debtors are measured at transaction price, less any impairment. 

 
2.11

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.

 
2.12

Creditors

Creditors are measured at the transaction price. 


3.


Employees

The average monthly number of employees, including directors, during the year was 52 (2023 - 42).

Page 5

 
HALCYON DAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
152,937
121,764
223,421
498,122


Additions
-
-
3,346
3,346



At 31 March 2024

152,937
121,764
226,767
501,468



Depreciation


At 1 April 2023
136,062
69,165
175,984
381,211


Charge for the year on owned assets
2,435
7,740
29,759
39,934



At 31 March 2024

138,497
76,905
205,743
421,145



Net book value



At 31 March 2024
14,440
44,859
21,024
80,323



At 31 March 2023
16,875
52,599
47,437
116,911

Page 6

 
HALCYON DAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
6,728
6,728

6,728
6,728


2024
2023
£
£

Due within one year

Trade debtors
177,934
413,130

Amounts owed by group undertakings
899,345
1,015,778

Other debtors
-
74,846

Prepayments
15,000
59,056

1,092,279
1,562,810



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
619,078
262,088

Other taxation and social security
364,191
54,253

Other creditors
1,248,677
1,169,908

Accruals
15,000
105,300

2,256,946
1,601,549


Page 7

 
HALCYON DAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due after more than one year

2024
As revised 2023
£
£

Bank loan
15,000
25,000

Amounts owed to group undertakings
1,687,835
1,687,835

Other creditors
2,533,784
2,267,552

4,236,619
3,980,387



8.


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 £31,278 (2023 - £24,530). Contributions totalling £5,961 (2023 - £5,287) were payable to the fund at the balance sheet date and are included in creditors.


9.


Related party transactions

As at 31 March 2024 the company owed Peter George Harper, a director of the company £2,533,784 (2023: £2,267,522). No interest is charged.
As at 31 March 2024 the company owed £1,242,986 (2023: £1,069,786) to Harper Consultants Limited, a company in which Peter George Harper is a director. 
Consultancy fees charged by Peter George Harper were nil (2023: £6,000). 


10.


Controlling party

The immediate parent undertaking is Halcyon Days Holdings Limited, a company registered in England and Wales. The ultimate controlling party is Peter George Harper.

 
Page 8