Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01falseNo description of principal activity44truetruefalse 5174962 2024-04-01 2025-03-31 5174962 2023-04-01 2024-03-31 5174962 2025-03-31 5174962 2024-03-31 5174962 c:CompanySecretary1 2024-04-01 2025-03-31 5174962 c:Director2 2024-04-01 2025-03-31 5174962 c:Director5 2024-04-01 2025-03-31 5174962 c:Director6 2024-04-01 2025-03-31 5174962 c:Director8 2024-04-01 2025-03-31 5174962 c:RegisteredOffice 2024-04-01 2025-03-31 5174962 d:Buildings d:LongLeaseholdAssets 2024-04-01 2025-03-31 5174962 d:Buildings d:LongLeaseholdAssets 2025-03-31 5174962 d:Buildings d:LongLeaseholdAssets 2024-03-31 5174962 d:FurnitureFittings 2024-04-01 2025-03-31 5174962 d:FurnitureFittings 2025-03-31 5174962 d:FurnitureFittings 2024-03-31 5174962 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 5174962 d:OfficeEquipment 2024-04-01 2025-03-31 5174962 d:OfficeEquipment 2025-03-31 5174962 d:OfficeEquipment 2024-03-31 5174962 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 5174962 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 5174962 d:CurrentFinancialInstruments 2025-03-31 5174962 d:CurrentFinancialInstruments 2024-03-31 5174962 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 5174962 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 5174962 d:ShareCapital 2025-03-31 5174962 d:ShareCapital 2024-03-31 5174962 d:CapitalRedemptionReserve 2025-03-31 5174962 d:CapitalRedemptionReserve 2024-03-31 5174962 d:RetainedEarningsAccumulatedLosses 2025-03-31 5174962 d:RetainedEarningsAccumulatedLosses 2024-03-31 5174962 c:FRS102 2024-04-01 2025-03-31 5174962 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 5174962 c:FullAccounts 2024-04-01 2025-03-31 5174962 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 5174962 6 2024-04-01 2025-03-31 5174962 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Company registration number: 5174962







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025


OLDFIELD & CO. (LONDON) LTD






































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OLDFIELD & CO. (LONDON) LTD
 


 
COMPANY INFORMATION


Directors
R S Garstang
J G McEwing 
R J Oldfield (Chair) 
S M Wood 




Company secretary
J G McEwing



Registered number
5174962



Registered office
11 Grosvenor Place

London

SW1X 7HH




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


OLDFIELD & CO. (LONDON) LTD
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 6


 


OLDFIELD & CO. (LONDON) LTD
REGISTERED NUMBER:5174962



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,511
22,341

Investments
 5 
1,300,000
1,300,000

  
1,309,511
1,322,341

Current assets
  

Debtors: amounts falling due within one year
 6 
125,007
165,803

Bank and cash balances
  
10,830
17,942

  
135,837
183,745

Creditors: amounts falling due within one year
 7 
(406,891)
(472,154)

Net current liabilities
  
 
 
(271,054)
 
 
(288,409)

Total assets less current liabilities
  
1,038,457
1,033,932

  

Net assets
  
1,038,457
1,033,932


Capital and reserves
  

Called up share capital 
  
976,734
976,734

Capital redemption reserve
  
23,266
23,266

Profit and loss account
  
38,457
33,932

  
1,038,457
1,033,932


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: 


J G McEwing
Director
Date: 17 June 2025

The notes on pages 2 to 6 form part of these financial statements.
Page 1

 


OLDFIELD & CO. (LONDON) LTD
 


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

1.


General information

Oldfield & Co. (London) Limited is a private limited liability company incorporated in England and Wales and domiciled in the United Kingdom under the Companies Act 2006. The address of its registered office and principal place of business is disclosed on the company information page. 

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 relates to management charges to an entity to which it has an investment in and provides services to.  It is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2

 


OLDFIELD & CO. (LONDON) LTD
 


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

2.Accounting policies (continued)

 
2.4

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.


 
2.5

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:

Long-term leasehold property
-
20%
Fixtures and fittings
-
33%
Office equipment
-
25%

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

 


OLDFIELD & CO. (LONDON) LTD
 


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

2.Accounting policies (continued)

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings 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 reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Investments

Investments in subsidiaries and associates are measured at cost less accumulated impairment. 
Investments in subsidiaries are classified as such when the company holds, directly or indirectly, more than 50% of the voting power and has control over the entity whether through its shareholding or ability to exercise control over the financial or operating policies of the entity. 
Investments in associates are classified as such when the company holds, directly or indirectly, 20% or more of the voting power or has significant influence to participate in the financial or operating policy decisions of the associate but cannot exercise control over these policies. 

 
2.8

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 Statement of Financial Position 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.

 
2.9

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 who are employees of the company, during the year was 4 (2024 - 4).

Page 4

 


OLDFIELD & CO. (LONDON) LTD
 


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

4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost


At 1 April 2024
95,356
108,564
492,564
696,484


Additions
-
-
2,418
2,418



At 31 March 2025

95,356
108,564
494,982
698,902



Depreciation


At 1 April 2024
95,356
108,564
470,223
674,143


Charge for the year on owned assets
-
-
15,248
15,248



At 31 March 2025

95,356
108,564
485,471
689,391



Net book value



At 31 March 2025
-
-
9,511
9,511



At 31 March 2024
-
-
22,341
22,341


5.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 April 2024
1,300,000



At 31 March 2025
1,300,000




Page 5

 


OLDFIELD & CO. (LONDON) LTD
 


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

6.


Debtors

2025
2024
£
£


Other debtors
22,354
7,430

Prepayments and accrued income
90,776
58,029

Deferred taxation
11,877
100,344

125,007
165,803



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
27,498
52,078

Amounts owed to associates
329,079
276,475

Corporation tax
25,329
122,487

Other taxation and social security
5,971
-

Other creditors
996
996

Accruals and deferred income
18,018
20,118

406,891
472,154


 
Page 6