Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-292024-07-296true2023-07-30falseNo description of principal activity6trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06061790 2023-07-30 2024-07-29 06061790 2022-07-30 2023-07-29 06061790 2024-07-29 06061790 2023-07-29 06061790 c:Director1 2023-07-30 2024-07-29 06061790 d:Buildings 2024-07-29 06061790 d:Buildings 2023-07-29 06061790 d:Buildings d:OwnedOrFreeholdAssets 2023-07-30 2024-07-29 06061790 d:Buildings d:LongLeaseholdAssets 2023-07-30 2024-07-29 06061790 d:Buildings d:LongLeaseholdAssets 2024-07-29 06061790 d:Buildings d:LongLeaseholdAssets 2023-07-29 06061790 d:Buildings d:ShortLeaseholdAssets 2023-07-30 2024-07-29 06061790 d:Buildings d:ShortLeaseholdAssets 2024-07-29 06061790 d:Buildings d:ShortLeaseholdAssets 2023-07-29 06061790 d:PlantMachinery 2023-07-30 2024-07-29 06061790 d:PlantMachinery 2024-07-29 06061790 d:PlantMachinery 2023-07-29 06061790 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-30 2024-07-29 06061790 d:FurnitureFittings 2023-07-30 2024-07-29 06061790 d:FurnitureFittings 2024-07-29 06061790 d:FurnitureFittings 2023-07-29 06061790 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-30 2024-07-29 06061790 d:OwnedOrFreeholdAssets 2023-07-30 2024-07-29 06061790 d:CurrentFinancialInstruments 2024-07-29 06061790 d:CurrentFinancialInstruments 2023-07-29 06061790 d:Non-currentFinancialInstruments 2024-07-29 06061790 d:Non-currentFinancialInstruments 2023-07-29 06061790 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-29 06061790 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-29 06061790 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-29 06061790 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-29 06061790 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-29 06061790 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-29 06061790 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-29 06061790 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-29 06061790 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-07-29 06061790 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-29 06061790 d:ShareCapital 2024-07-29 06061790 d:ShareCapital 2023-07-29 06061790 d:RevaluationReserve 2023-07-30 2024-07-29 06061790 d:RevaluationReserve 2024-07-29 06061790 d:RevaluationReserve 2023-07-29 06061790 d:OtherMiscellaneousReserve 2023-07-30 2024-07-29 06061790 d:OtherMiscellaneousReserve 2024-07-29 06061790 d:OtherMiscellaneousReserve 2023-07-29 06061790 d:RetainedEarningsAccumulatedLosses 2024-07-29 06061790 d:RetainedEarningsAccumulatedLosses 2023-07-29 06061790 d:AcceleratedTaxDepreciationDeferredTax 2024-07-29 06061790 d:AcceleratedTaxDepreciationDeferredTax 2023-07-29 06061790 c:FRS102 2023-07-30 2024-07-29 06061790 c:AuditExempt-NoAccountantsReport 2023-07-30 2024-07-29 06061790 c:FullAccounts 2023-07-30 2024-07-29 06061790 c:PrivateLimitedCompanyLtd 2023-07-30 2024-07-29 06061790 2 2023-07-30 2024-07-29 06061790 5 2023-07-30 2024-07-29 06061790 6 2023-07-30 2024-07-29 06061790 e:PoundSterling 2023-07-30 2024-07-29 iso4217:GBP xbrli:pure

Registered number: 06061790










ST DAVID'S HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 JULY 2024

 
ST DAVID'S HOLDINGS LIMITED
REGISTERED NUMBER: 06061790

BALANCE SHEET
AS AT 29 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,710,307
2,720,740

Investments
 5 
1,389,563
1,297,637

  
4,099,870
4,018,377

Current assets
  

Debtors: amounts falling due within one year
 6 
417,726
520,407

Cash at bank and in hand
 7 
290,925
754,408

  
708,651
1,274,815

Creditors: amounts falling due within one year
 8 
(170,864)
(183,420)

Net current assets
  
 
 
537,787
 
 
1,091,395

Total assets less current liabilities
  
4,637,657
5,109,772

Creditors: amounts falling due after more than one year
 9 
(682,020)
(1,315,611)

Provisions for liabilities
  

Deferred tax
 11 
(50,562)
(33,095)

  
 
 
(50,562)
 
 
(33,095)

Net assets
  
3,905,075
3,761,066


Capital and reserves
  

Called up share capital 
  
1,400
1,400

Fair value reserve
 12 
215,550
141,088

Other reserves
 12 
102,785
104,417

Profit and loss account
 12 
3,585,340
3,514,161

  
3,905,075
3,761,066


Page 1

 
ST DAVID'S HOLDINGS LIMITED
REGISTERED NUMBER: 06061790
    
BALANCE SHEET (CONTINUED)
AS AT 29 JULY 2024

The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 




Dr R H Rees
Director

Date: 31 July 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
ST DAVID'S HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2024

1.


General information

St David's Holdings Limited is a private company, limited by shares, registered in ENgland and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).
Monetary amounts in these financial statements are rounded to the nearest £.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

Page 3

 
ST DAVID'S HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

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

 
2.6

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.

 
2.7

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.


 
2.8

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 4

 
ST DAVID'S HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2024

2.Accounting policies (continued)


2.8
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:

Long-term leasehold property
-
Straight line over the period of the lease
Short-term leasehold property
-
Straight line over the period of the lease
Plant and machinery
-
25%
Straight Line
Fixtures and fittings
-
25%
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.

 
2.9

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.10

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 balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income 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 balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

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.

Page 5

 
ST DAVID'S HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2024

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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 the director, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
6
6

Page 6

 
ST DAVID'S HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2024

4.


Tangible fixed assets





Freehold property
Long-term leasehold property
Short-term leasehold property
Plant and machinery
Fixtures and fittings

£
£
£
£
£



Cost or valuation


At 30 July 2023
1,875,357
143,569
845,609
16,439
4,445



At 29 July 2024

1,875,357
143,569
845,609
16,439
4,445



Depreciation


At 30 July 2023
-
39,156
109,869
12,505
3,149


Charge for the year on owned assets
-
1,631
7,638
787
377



At 29 July 2024

-
40,787
117,507
13,292
3,526



Net book value



At 29 July 2024
1,875,357
102,782
728,102
3,147
919



At 29 July 2023
1,875,357
104,413
735,740
3,934
1,296
Page 7

 
ST DAVID'S HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2024

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 30 July 2023
2,885,419



At 29 July 2024

2,885,419



Depreciation


At 30 July 2023
164,679


Charge for the year on owned assets
10,433



At 29 July 2024

175,112



Net book value



At 29 July 2024
2,710,307



At 29 July 2023
2,720,740

The company's investment properties have been valued by the director at open market value on the basis of existing use. The director considers that the historical cost is not materially differenct to the fair value of the properties at the balance sheet date.


5.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 30 July 2023
721,786
575,851
1,297,637


Revaluations
91,926
-
91,926



At 29 July 2024
813,712
575,851
1,389,563




Page 8

 
ST DAVID'S HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
73,500
83,340

Other debtors
328,800
424,695

Prepayments and accrued income
15,426
12,372

417,726
520,407


IIncluded in other debtors is an amount of £328,800 (2023: £328,800). Of this total, £82,200 is due within the next financial year, while the remainder is repayable over a period exceeding one year.


7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
290,925
754,408

290,925
754,408



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
15,709
20,753

Trade creditors
10,299
21,370

Corporation tax
40,193
38,816

Other taxation and social security
13,211
22,787

Other creditors
75,044
42,984

Accruals and deferred income
16,408
36,710

170,864
183,420


Page 9

 
ST DAVID'S HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
286,583
296,881

Other creditors
395,437
1,018,730

682,020
1,315,611



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
15,709
20,753


15,709
20,753

Amounts falling due 1-2 years

Bank loans
15,709
20,753


15,709
20,753

Amounts falling due 2-5 years

Bank loans
47,127
62,260


47,127
62,260

Amounts falling due after more than 5 years

Bank loans
223,747
213,868

223,747
213,868

302,292
317,634


Page 10

 
ST DAVID'S HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2024

11.


Deferred taxation




2024


£






At beginning of year
(33,095)


Charged to profit or loss
(17,467)



At end of year
(50,562)

2024
2023
£
£


Accelerated capital allowances
(50,562)
(33,095)

(50,562)
(33,095)


12.


Reserves

Fair value reserve

The fair value reserve of £215,550 (2023: £141,089) reflects the total gains on investments made by the company, after accounting for any deferred tax adjustments.

Other reserves

Other reserves amounting to £102,785 (2023: £104,417) represent the capital associated with the leasehold properties. The depreciation on these assets is released to the revenue reserves on an annual basis.

 
Page 11