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Registered number: 02661693









STIMPSONS CONSULTANT SURVEYORS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
STIMPSONS CONSULTANT SURVEYORS LIMITED
 
 
COMPANY INFORMATION


Directors
P M Felton 
G D Payne 




Registered number
02661693



Registered office
Suite 1A, Building 6
Hatters Lane

Croxley Park

Watford

Hertfordshire

WD18 8YH




Independent auditors
Moore Kingston Smith LLP
Chartered Accountants

4 Victoria Square

St Albans

Hertfordshire

AL1 3TF





 
STIMPSONS CONSULTANT SURVEYORS LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 10

 
STIMPSONS CONSULTANT SURVEYORS LIMITED
REGISTERED NUMBER: 02661693

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
10,175
13,072

  
10,175
13,072

Current assets
  

Debtors: amounts falling due within one year
 6 
386,286
150,731

Cash at bank and in hand
  
641,877
243,923

  
1,028,163
394,654

Creditors: amounts falling due within one year
 7 
(675,461)
(188,075)

Net current assets
  
 
 
352,702
 
 
206,579

Total assets less current liabilities
  
362,877
219,651

Creditors: amounts falling due after more than one year
 8 
(6,160)
(15,833)

Provisions for liabilities
  

Deferred tax
 10 
(2,342)
(2,972)

  
 
 
(2,342)
 
 
(2,972)

Net assets
  
354,375
200,846


Capital and reserves
  

Called up share capital 
 11 
17,010
17,010

Capital redemption reserve
  
72,990
72,990

Profit and loss account
  
264,375
110,846

  
354,375
200,846

Page 1

 
STIMPSONS CONSULTANT SURVEYORS LIMITED
REGISTERED NUMBER: 02661693
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

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: 




P M Felton
Director

Date: 23 July 2025

The notes on pages 4 to 10 form part of these financial statements.
Page 2

 
STIMPSONS CONSULTANT SURVEYORS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 November 2022
17,010
72,990
48,721
138,721


Comprehensive income for the year

Profit for the year

-
-
172,865
172,865


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
172,865
172,865


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(110,740)
(110,740)


Total transactions with owners
-
-
(110,740)
(110,740)



At 1 November 2023
17,010
72,990
110,846
200,846


Comprehensive income for the year

Profit for the year

-
-
355,129
355,129


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
355,129
355,129


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(201,600)
(201,600)


Total transactions with owners
-
-
(201,600)
(201,600)


At 31 October 2024
17,010
72,990
264,375
354,375


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
STIMPSONS CONSULTANT SURVEYORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Stimpsons Consultant Surveyors Limited is a Company limited by shares incorporated in England and Wales under the Companies Act 2006. The address of the registered office is Suite 1A, Building 6, Hatters Lane, Croxley Park, Watford, Hertfordshire WD 18 8YH.
The principal activity of the Company continued to be that of industrial and commercial estate agents and valuers, including property management.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
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 4

 
STIMPSONS CONSULTANT SURVEYORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

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

 
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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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 balance sheet 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 balance sheet 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 balance sheet date.

 
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.

Page 5

 
STIMPSONS CONSULTANT SURVEYORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

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:

Freehold property
-
25%
Straight line
Fixtures and fittings
-
25%
Reducing balance
Office 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.

 
2.10

Debtors

Short term 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.

 
2.12

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

 
2.13

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates. 
The directors consider that there are judgements that have had a signficant effect on the amounts recognised in the financial statements with regards to the provision against trade debtors. 

Page 6

 
STIMPSONS CONSULTANT SURVEYORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 8).


5.


Tangible fixed assets





Freehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2023
6,000
38,998
11,405
56,403


Additions
-
-
1,904
1,904


Disposals
-
(630)
-
(630)



At 31 October 2024

6,000
38,368
13,309
57,677



Depreciation


At 1 November 2023
6,000
28,816
8,515
43,331


Charge for the year on owned assets
-
2,529
2,208
4,737


Disposals
-
(566)
-
(566)



At 31 October 2024

6,000
30,779
10,723
47,502



Net book value



At 31 October 2024
-
7,589
2,586
10,175



At 31 October 2023
-
10,182
2,890
13,072

Page 7

 
STIMPSONS CONSULTANT SURVEYORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
357,536
114,133

Prepayments and accrued income
28,750
36,598

386,286
150,731



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,355
10,000

Trade creditors
352,546
30,914

Corporation tax
121,511
53,389

Other taxation and social security
101,856
49,883

Other creditors
12,868
10,852

Accruals and deferred income
76,325
33,037

675,461
188,075



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,160
15,833

6,160
15,833


Page 8

 
STIMPSONS CONSULTANT SURVEYORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,355
10,000


10,355
10,000

Amounts falling due 1-2 years

Bank loans
6,160
10,000


6,160
10,000

Amounts falling due 2-5 years

Bank loans
-
5,833


-
5,833


16,515
25,833


No security has been provided in respect of these borrowings.


10.


Deferred taxation




2024


£






At beginning of year
(2,972)


Utilised in year
630



At end of year
(2,342)

Page 9

 
STIMPSONS CONSULTANT SURVEYORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,342)
(2,972)

(2,342)
(2,972)


11.


Called up share capital

2024
2023
£
£
Allotted, called up and fully paid



17,010 (2023 - 17,010) Ordinary shares of £1.00 each
17,010
17,010





12.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension contributions payable by the Company to the fund for the year were £23,272 (2023: £23,150). The creditor pension fund payable for the year were £Nil (2022: £nil).


13.


Related party transactions

During the year, Directors received dividends of £201,600 (2023: £110,740)


14.


Controlling party

There is no ultimate controlling party in the current or prior year.


15.


Auditors' information

The auditors' report on the financial statements for the year ended 31 October 2024 was unqualified.

The audit report was signed on 24 July 2025 by Elizabeth Wicks (Senior statutory auditor) on behalf of Moore Kingston Smith LLP.

 
Page 10