Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01falseNo description of principal activity424truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01221194 2023-10-01 2024-09-30 01221194 2024-09-30 01221194 2022-10-01 2023-09-30 01221194 2023-09-30 01221194 c:Director2 2023-10-01 2024-09-30 01221194 c:Director3 2023-10-01 2024-09-30 01221194 c:Director4 2023-10-01 2024-09-30 01221194 c:RegisteredOffice 2023-10-01 2024-09-30 01221194 c:Agent1 2023-10-01 2024-09-30 01221194 d:FreeholdInvestmentProperty 2023-10-01 2024-09-30 01221194 d:FreeholdInvestmentProperty 2024-09-30 01221194 d:FreeholdInvestmentProperty 2023-09-30 01221194 d:FreeholdInvestmentProperty 2 2023-10-01 2024-09-30 01221194 d:CurrentFinancialInstruments 2024-09-30 01221194 d:CurrentFinancialInstruments 2023-09-30 01221194 d:Non-currentFinancialInstruments 2024-09-30 01221194 d:Non-currentFinancialInstruments 2023-09-30 01221194 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 01221194 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01221194 d:ShareCapital 2024-09-30 01221194 d:ShareCapital 2023-09-30 01221194 d:InvestmentPropertiesRevaluationReserve 2024-09-30 01221194 d:InvestmentPropertiesRevaluationReserve 2023-09-30 01221194 d:RetainedEarningsAccumulatedLosses 2024-09-30 01221194 d:RetainedEarningsAccumulatedLosses 2023-09-30 01221194 c:FRS102 2023-10-01 2024-09-30 01221194 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 01221194 c:FullAccounts 2023-10-01 2024-09-30 01221194 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01221194 d:WithinOneYear 2024-09-30 01221194 d:WithinOneYear 2023-09-30 01221194 d:BetweenOneFiveYears 2024-09-30 01221194 d:BetweenOneFiveYears 2023-09-30 01221194 d:MoreThanFiveYears 2024-09-30 01221194 d:MoreThanFiveYears 2023-09-30 01221194 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2024-09-30 01221194 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-09-30 01221194 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2024-09-30 01221194 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2023-09-30 01221194 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2024-09-30 01221194 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2023-09-30 01221194 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:MoreThanFiveYears 2024-09-30 01221194 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:MoreThanFiveYears 2023-09-30 01221194 f:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company registration number: 01221194







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


THOMAS H. COLLISON LIMITED






































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THOMAS H. COLLISON LIMITED
 


 
COMPANY INFORMATION


Directors
Mrs C J Alavoine 
Mrs A L Pepper 
Mrs A D Pepper 




Registered number
01221194



Registered office
Gadbridge Farm
Gadbridge Lane

Ewhurst

Cranleigh

Surrey

GU6 7RW




Accountant
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG




Bankers
Barclays Bank PLC
2nd Floor

Towngate House

Church Street East

Woking

Surrey

GU21 6HD




Solicitors
Barlow Robbins LLP
165 Church Street East

Woking

Surrey

GU21 6HD





 


THOMAS H. COLLISON LIMITED
 



CONTENTS



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


 


THOMAS H. COLLISON LIMITED
REGISTERED NUMBER:01221194



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
4,346,034
5,128,000

  
4,346,034
5,128,000

Current assets
  

Debtors: amounts falling due after more than one year
 5 
615,393
73,448

Debtors: amounts falling due within one year
 5 
203,699
106,911

Current asset investments
 6 
6,752,228
7,018,016

Cash at bank and in hand
  
2,144,293
1,251,141

  
9,715,613
8,449,516

Creditors: amounts falling due within one year
 7 
(439,196)
(214,884)

Net current assets
  
 
 
9,276,417
 
 
8,234,632

Total assets less current liabilities
  
13,622,451
13,362,632

Provisions for liabilities
  

Deferred tax
  
(24,299)
(40,223)

  
 
 
(24,299)
 
 
(40,223)

Net assets
  
13,598,152
13,322,409


Capital and reserves
  

Called up share capital 
  
64,500
64,500

Investment property reserve
  
1,203,287
1,579,981

Profit and loss account
  
12,330,365
11,677,928

  
13,598,152
13,322,409


Page 1

 


THOMAS H. COLLISON LIMITED
REGISTERED NUMBER:01221194


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 by: 




................................................
Mrs A D Pepper
Director

Date: 27 June 2025

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

Page 2

 


THOMAS H. COLLISON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Thomas H. Collison Limited is a private company limited by shares, registered in England and Wales. The address of its registered office, which is the 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 is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue reported for accounting periods up to 30 September 2023 related to the company’s principal activity of operating as an optometrist practice.  This aspect of the business was sold on 18 May 2023 after which the company’s principal activity became that of an investment property business. For periods commencing 1 October 2023 rental income is now reported as part of turnover. This differs from its previous presentation of either income from fixed assets investments, or other operating income, to be reflective of the change to the company’s activities.

 
2.3

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

 
2.4

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.

 
2.5

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.

Page 3

 


THOMAS H. COLLISON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

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 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.

 
2.7

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.

 
2.8

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 4 (2023 - 24).

Page 4

 


THOMAS H. COLLISON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
5,128,000


Additions at cost
1,448,534


Disposals
(2,453,000)


Surplus on revaluation
222,500



At 30 September 2024
4,346,034

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

2024
2023
£
£

Investment Property Revaluation reserve


At 1 October 2023
1,579,981
371,916

Fair value movement on investment property
222,500
88,040

Transfers from tangible assets revaluation reserve
-
1,120,025

Disposal of investment property
(599,194)
-

At 30 September 2024
1,203,287
1,579,981


2024
2023
£
£


Historic cost
3,142,747
3,548,019

3,142,747
3,548,019

Page 5

 


THOMAS H. COLLISON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
615,393
73,448

615,393
73,448



2024
2023
£
£

Due within one year

Trade debtors
6,517
23,797

Other debtors
145,496
-

Prepayments and accrued income
51,686
83,114

203,699
106,911


Included within other debtors are the following advances and credits to directors which subsisted during the year ended 30 September 2024:

2024
2023
£
£
Balance outstanding at start of year

-

-
 
Amounts advanced

500,000

-
 
Interest charged

4,808

-
 
Amounts repaid

-

-
 
Balance outstanding at end of year
504,808

-
 

Interest is being charged on the above loan at a rate of 1% above the benficial loan interest rate set by HMRC. £439,808 of the loan is due for repayment in more than one year.

Page 6

 


THOMAS H. COLLISON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Current asset investments

2024
2023
£
£

Listed investments and securities
6,752,228
7,018,016

6,752,228
7,018,016


The listed investments are held in an investment portfolio. At the end of the year the investments were valued at £6,752,228. At cost the value was £5,884,391. The fair value was determined using quoted prices for an identical asset in an active market, as listed in FRS 102 paragraph 2A.1 and was provided by Barclays Wealth and Investment Management.


7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
33

Corporation tax
303,336
86,612

Other taxation and social security
2,282
2,058

Other creditors
17,551
30,095

Accruals and deferred income
116,027
96,086

439,196
214,884


Page 7

 


THOMAS H. COLLISON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£
Commitments as lessee





Not later than 1 year
16,781
81,900

Later than 1 year and not later than 5 years
-
116,748

Later than 5 years
-
15,041

16,781
213,689

Commitments as lessor

2024
2023

£
£



Not later than 1 year
137,892
207,711

Later than 1 year and not later than 5 years
227,503
410,487

Later than 5 years
236,948
270,532

602,343
888,730

 
Page 8