Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseNo description of principal activity76truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07434816 2024-01-01 2024-12-31 07434816 2023-01-01 2023-12-31 07434816 2024-12-31 07434816 2023-12-31 07434816 c:Director1 2024-01-01 2024-12-31 07434816 d:Goodwill 2024-01-01 2024-12-31 07434816 d:Goodwill 2024-12-31 07434816 d:Goodwill 2023-12-31 07434816 d:CurrentFinancialInstruments 2024-12-31 07434816 d:CurrentFinancialInstruments 2023-12-31 07434816 d:Non-currentFinancialInstruments 2024-12-31 07434816 d:Non-currentFinancialInstruments 2023-12-31 07434816 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07434816 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07434816 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 07434816 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07434816 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 07434816 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 07434816 d:ShareCapital 2024-12-31 07434816 d:ShareCapital 2023-12-31 07434816 d:RetainedEarningsAccumulatedLosses 2024-12-31 07434816 d:RetainedEarningsAccumulatedLosses 2023-12-31 07434816 c:FRS102 2024-01-01 2024-12-31 07434816 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07434816 c:FullAccounts 2024-01-01 2024-12-31 07434816 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07434816 2 2024-01-01 2024-12-31 07434816 6 2024-01-01 2024-12-31 07434816 d:Goodwill d:OwnedIntangibleAssets 2024-01-01 2024-12-31 07434816 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 07434816










MIDHURST TRADING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
MIDHURST TRADING LIMITED
REGISTERED NUMBER: 07434816

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,620
3,244

Investments
 5 
40
1,395,656

  
1,660
1,398,900

Current assets
  

Debtors: amounts falling due within one year
 6 
808,480
196,378

Bank and cash balances
  
36,122
103,182

  
844,602
299,560

Creditors: amounts falling due within one year
 7 
(5,188)
(400,461)

Net current assets/(liabilities)
  
 
 
839,414
 
 
(100,901)

Total assets less current liabilities
  
841,074
1,297,999

Creditors: amounts falling due after more than one year
 8 
(80,000)
(80,000)

  

Net assets
  
761,074
1,217,999


Capital and reserves
  

Called up share capital 
  
170
160

Profit and loss account
  
760,904
1,217,839

  
761,074
1,217,999



 
MIDHURST TRADING LIMITED
REGISTERED NUMBER: 07434816

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 profit and loss account 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: 




Malcolm Kilbey
Director

Date: 31 July 2025

The notes on  form part of these financial statements.


 
MIDHURST TRADING LIMITED
 

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

1.


General information

Midhurst Trading Limited, 07434816, is a private limited company, limited by shares, incorporated in
England and Wales, with a registered office address and principal place of business of 76 Kingswood Firs, Grayshott, Hindhead, Surrey, GU26 6EX. 

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Borrowing costs

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


 
MIDHURST TRADING LIMITED
 

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

2.Accounting policies (continued)

 
2.6

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.


 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and Loss Account over its useful economic life.

Other 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.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

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.

 
2.10

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

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.


 
MIDHURST TRADING LIMITED
 

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

2.Accounting policies (continued)

 
2.12

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.


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2024
16,236



At 31 December 2024

16,236



Amortisation


At 1 January 2024
12,992


Charge for the year on owned assets
1,624



At 31 December 2024

14,616



Net book value



At 31 December 2024
1,620



At 31 December 2023
3,244




 
MIDHURST TRADING LIMITED
 

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

5.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 January 2024
-
1,395,656
1,395,656


Additions
40
-
40


Disposals
-
(1,395,656)
(1,395,656)



At 31 December 2024
40
-
40





6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
602,164
-

Other debtors
206,316
196,378

808,480
196,378



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
3,805
113,330

Other creditors
-
285,866

Accruals and deferred income
1,383
1,265

5,188
400,461



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
80,000
80,000

80,000
80,000



 
MIDHURST TRADING LIMITED
 

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

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Other loans
80,000
80,000


80,000
80,000



80,000
80,000



10.


Related party transactions

Included within other debtors within one year is a loan of £189,136 (2023: £62,061) due from a
shareholder. Interest has been charged at the official rate during the year.