Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31true2024-04-01false06trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07549821 2024-04-01 2025-03-31 07549821 2023-04-01 2024-03-31 07549821 2025-03-31 07549821 2024-03-31 07549821 c:Director2 2024-04-01 2025-03-31 07549821 d:FurnitureFittings 2024-04-01 2025-03-31 07549821 d:FurnitureFittings 2025-03-31 07549821 d:FurnitureFittings 2024-03-31 07549821 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07549821 d:ComputerEquipment 2024-04-01 2025-03-31 07549821 d:ComputerEquipment 2025-03-31 07549821 d:ComputerEquipment 2024-03-31 07549821 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07549821 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07549821 d:Goodwill 2025-03-31 07549821 d:Goodwill 2024-03-31 07549821 d:CurrentFinancialInstruments 2025-03-31 07549821 d:CurrentFinancialInstruments 2024-03-31 07549821 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 07549821 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07549821 d:ShareCapital 2025-03-31 07549821 d:ShareCapital 2024-03-31 07549821 d:RetainedEarningsAccumulatedLosses 2025-03-31 07549821 d:RetainedEarningsAccumulatedLosses 2024-03-31 07549821 c:OrdinaryShareClass1 2024-04-01 2025-03-31 07549821 c:OrdinaryShareClass1 2025-03-31 07549821 c:OrdinaryShareClass1 2024-03-31 07549821 c:OrdinaryShareClass2 2024-04-01 2025-03-31 07549821 c:OrdinaryShareClass2 2025-03-31 07549821 c:OrdinaryShareClass2 2024-03-31 07549821 c:FRS102 2024-04-01 2025-03-31 07549821 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07549821 c:FullAccounts 2024-04-01 2025-03-31 07549821 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07549821 d:WithinOneYear 2025-03-31 07549821 d:WithinOneYear 2024-03-31 07549821 d:BetweenOneFiveYears 2025-03-31 07549821 d:BetweenOneFiveYears 2024-03-31 07549821 2 2024-04-01 2025-03-31 07549821 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07549821









HOLDEN FORD LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025


 
HOLDEN FORD LTD
REGISTERED NUMBER: 07549821

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,564
3,895

Current assets
  

Debtors: amounts falling due within one year
 6 
1,055,338
1,043,988

Bank and cash balances
  
395,859
121,075

  
1,451,197
1,165,063

Creditors: amounts falling due within one year
 7 
(194,206)
(104,497)

Net current assets
  
 
 
1,256,991
 
 
1,060,566

Total assets less current liabilities
  
1,260,555
1,064,461

  

Net assets
  
1,260,555
1,064,461


Capital and reserves
  

Called up share capital 
 8 
400
400

Profit and loss account
  
1,260,155
1,064,061

  
1,260,555
1,064,461


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 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 12 June 2025.




R R A Ford
Director

The notes on pages 2 to 10 form part of these financial statements.

Page 1

 
HOLDEN FORD LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Holden Ford Ltd is a private Company, limited by shares, and incorporated in England and Wales. The address of its registered office is 3rd Floor, 24 Old Bond Street, London, W1S 4AP. 
The financial statements are presented in sterling which is 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 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, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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.

Page 2

 
HOLDEN FORD LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

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

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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%
straight-line
Computer equipment
-
33%
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.

Page 3

 
HOLDEN FORD LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

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

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.

 
2.12

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

 
HOLDEN FORD LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.13

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.

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.
Page 5

 
HOLDEN FORD LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.13
Financial instruments (continued)


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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.14

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 directors, during the year was 7 (2024 - 6).

Page 6

 
HOLDEN FORD LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2024
550,000



At 31 March 2025

550,000



Amortisation


At 1 April 2024
550,000



At 31 March 2025

550,000



Net book value



At 31 March 2025
-



At 31 March 2024
-



Page 7

 
HOLDEN FORD LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost


At 1 April 2024
3,885
7,843
11,728


Additions
571
425
996



At 31 March 2025

4,456
8,268
12,724



Depreciation


At 1 April 2024
521
7,312
7,833


Charge for the year on owned assets
854
473
1,327



At 31 March 2025

1,375
7,785
9,160



Net book value



At 31 March 2025
3,081
483
3,564



At 31 March 2024
3,364
531
3,895


6.


Debtors

2025
2024
£
£


Trade debtors
15,164
34,720

Amounts owed by group undertakings
974,358
971,499

Prepayments and accrued income
13,431
6,896

Amounts recoverable in respect of unbilled work
52,385
30,873

1,055,338
1,043,988


Page 8

 
HOLDEN FORD LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
487
4,297

Corporation tax
92,107
26,620

Other taxation and social security
74,116
45,408

Other creditors
16,846
17,681

Accruals and deferred income
10,650
10,491

194,206
104,497



8.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary A voting shares of £1.00 each
100
100
300 (2024 - 300) Ordinary B non-voting shares of £1.00 each
300
300

400

400



9.


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 £9,220 (2024 - £8,454). Contributions payable to the fund at the balance sheet date amounted to £Nil (2024 - £2,581).


10.


Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
12,228
11,405

Later than 1 year and not later than 5 years
25,475
19,959

37,703
31,364

Page 9

 
HOLDEN FORD LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

11.


Related party transactions

At the balance sheet date the amount owed by the parent company was £974,358 (2024 - £971,499)


12.


Immediate and ultimate parent undertaking

The immediate and ultimate parent company is Holden Ford Holdings Ltd. The address of its registered office is 24 Old Bond Street, London W1S 4AP.


Page 10