Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-311832982018329820trueNo description of principal activity2024-01-01false33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02841313 2024-01-01 2024-12-31 02841313 2023-01-01 2023-12-31 02841313 2024-12-31 02841313 2023-12-31 02841313 c:CompanySecretary1 2024-01-01 2024-12-31 02841313 c:Director1 2024-01-01 2024-12-31 02841313 c:Director2 2024-01-01 2024-12-31 02841313 c:Director3 2024-01-01 2024-12-31 02841313 c:Director3 2024-12-31 02841313 c:Director4 2024-01-01 2024-12-31 02841313 c:Director4 2024-12-31 02841313 c:RegisteredOffice 2024-01-01 2024-12-31 02841313 d:FurnitureFittings 2024-01-01 2024-12-31 02841313 d:FurnitureFittings 2024-12-31 02841313 d:FurnitureFittings 2023-12-31 02841313 d:FreeholdInvestmentProperty 2024-12-31 02841313 d:FreeholdInvestmentProperty 2023-12-31 02841313 d:LeaseholdInvestmentProperty 2024-12-31 02841313 d:LeaseholdInvestmentProperty 2023-12-31 02841313 d:CurrentFinancialInstruments 2024-12-31 02841313 d:CurrentFinancialInstruments 2023-12-31 02841313 d:Non-currentFinancialInstruments 2024-12-31 02841313 d:Non-currentFinancialInstruments 2023-12-31 02841313 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02841313 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02841313 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 02841313 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 02841313 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 02841313 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 02841313 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 02841313 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 02841313 d:ShareCapital 2024-12-31 02841313 d:ShareCapital 2023-12-31 02841313 d:InvestmentPropertiesRevaluationReserve 2024-12-31 02841313 d:InvestmentPropertiesRevaluationReserve 2023-12-31 02841313 d:OtherMiscellaneousReserve 2024-12-31 02841313 d:OtherMiscellaneousReserve 2023-12-31 02841313 d:RetainedEarningsAccumulatedLosses 2024-12-31 02841313 d:RetainedEarningsAccumulatedLosses 2023-12-31 02841313 c:FRS102 2024-01-01 2024-12-31 02841313 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02841313 c:FullAccounts 2024-01-01 2024-12-31 02841313 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02841313 2 2024-01-01 2024-12-31 02841313 6 2024-01-01 2024-12-31 02841313 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 02841313







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


HARGREAVES (HOLDINGS) LIMITED






































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HARGREAVES (HOLDINGS) LIMITED
 


 
COMPANY INFORMATION


Directors
M J Hargreaves 
V M Hargreaves 
P H Madden (resigned 14 July 2024)
R L Hargreaves (appointed 19 March 2024)




Company secretary
V M Hargreaves



Registered number
02841313



Registered office
53 Links Lane
Rowlands Castle

Hampshire

PO9 6AE




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


HARGREAVES (HOLDINGS) LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


HARGREAVES (HOLDINGS) LIMITED
REGISTERED NUMBER:02841313



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
9,164,910
9,164,910

  
9,164,910
9,164,910

Current assets
  

Debtors: amounts falling due within one year
 6 
23,392
28,093

Cash at bank and in hand
  
122,321
154,764

  
145,713
182,857

Creditors: amounts falling due within one year
 7 
(2,242,061)
(1,841,688)

Net current liabilities
  
 
 
(2,096,348)
 
 
(1,658,831)

Total assets less current liabilities
  
7,068,562
7,506,079

Creditors: amounts falling due after more than one year
 8 
(222,961)
(838,708)

Provisions for liabilities
  

Deferred tax
  
(700,637)
(700,042)

  
 
 
(700,637)
 
 
(700,042)

Net assets
  
6,144,964
5,967,329

Page 1

 


HARGREAVES (HOLDINGS) LIMITED
REGISTERED NUMBER:02841313


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
90,000
90,000

Investment property reserve
  
1,930,703
1,930,703

Other reserves
  
10,000
10,000

Profit and loss account
  
4,114,261
3,936,626

  
6,144,964
5,967,329


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 by: 




M J Hargreaves
Director

Date: 17 June 2025

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

Page 2

 


HARGREAVES (HOLDINGS) LIMITED
 


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

1.


Statement of compliance

These financial statements have been prepared in compliance with FRS102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
Hargreaves (Holdings) Limited is a private company, limited by shares, incorporated in England and Wales. The Company's registered number and registered office address can be found on the company Information page.
The Company's functional and presentational currency is GBP and is rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.  

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

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.

 
2.4

Borrowing costs

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

Page 3

 


HARGREAVES (HOLDINGS) LIMITED
 


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

2.Accounting policies (continued)

 
2.5

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 reporting 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.


 
2.6

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
-
15%
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.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the directors 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.

Page 4

 


HARGREAVES (HOLDINGS) LIMITED
 


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

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.

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.

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.

Page 5

 


HARGREAVES (HOLDINGS) LIMITED
 


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

2.Accounting policies (continued)

 
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

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 3 (2023 - 3).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2024
143,809



At 31 December 2024

143,809



Depreciation


At 1 January 2024
143,809



At 31 December 2024

143,809



Net book value



At 31 December 2024
-



At 31 December 2023
-

Page 6

 


HARGREAVES (HOLDINGS) LIMITED
 


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

5.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 January 2024
6,574,910
2,590,000
9,164,910



At 31 December 2024
6,574,910
2,590,000
9,164,910

The 2024 valuations were made by the directors, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


At 1 January 2024
1,930,703
1,930,703

At 31 December 2024
1,930,703
1,930,703



The fair values of the investment properties have not been determined by an independent valuer. The values used are based on the directors' knowledge and experience of the local commercial property market. 


6.


Debtors

2024
2023
£
£


Prepayments and accrued income
23,392
28,093

23,392
28,093



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,556
5,556

Corporation tax
120,721
67,835

Other taxation and social security
19,653
19,446

Other creditors
2,042,444
1,690,822

Accruals and deferred income
53,687
58,029

2,242,061
1,841,688


Page 7

 


HARGREAVES (HOLDINGS) LIMITED
 


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

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
222,961
838,708

222,961
838,708



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,556
5,556


5,556
5,556

Amounts falling due 1-2 years

Bank loans
26,852
32,408


26,852
32,408


Amounts falling due after more than 5 years

Bank loans
196,109
806,300

196,109
806,300

228,517
844,264


Bank borrowing is secured by charges held over the property of the Company.

 
Page 8