Caseware UK (AP4) 2023.0.135 2023.0.135 2025-03-312025-03-312024-04-01falseNo description of principal activity77truetruefalse 09915776 2024-04-01 2025-03-31 09915776 2023-04-01 2024-03-31 09915776 2025-03-31 09915776 2024-03-31 09915776 2023-04-01 09915776 2 2024-04-01 2025-03-31 09915776 2 2023-04-01 2024-03-31 09915776 d:Director2 2024-04-01 2025-03-31 09915776 e:PlantMachinery 2024-04-01 2025-03-31 09915776 e:PlantMachinery 2025-03-31 09915776 e:PlantMachinery 2024-03-31 09915776 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 09915776 e:CurrentFinancialInstruments 2025-03-31 09915776 e:CurrentFinancialInstruments 2024-03-31 09915776 e:CurrentFinancialInstruments e:WithinOneYear 2025-03-31 09915776 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 09915776 e:SharePremium 2024-04-01 2025-03-31 09915776 e:SharePremium 2025-03-31 09915776 e:SharePremium 2 2024-04-01 2025-03-31 09915776 e:SharePremium 2024-03-31 09915776 e:SharePremium 2023-04-01 09915776 e:SharePremium 2 2023-04-01 2024-03-31 09915776 e:CapitalRedemptionReserve 2024-04-01 2025-03-31 09915776 e:CapitalRedemptionReserve 2025-03-31 09915776 e:CapitalRedemptionReserve 2 2024-04-01 2025-03-31 09915776 e:CapitalRedemptionReserve 2024-03-31 09915776 e:CapitalRedemptionReserve 2023-04-01 09915776 e:CapitalRedemptionReserve 2 2023-04-01 2024-03-31 09915776 e:RevaluationReserve 2024-04-01 2025-03-31 09915776 e:RevaluationReserve 2025-03-31 09915776 e:RevaluationReserve 2 2024-04-01 2025-03-31 09915776 e:RevaluationReserve 2024-03-31 09915776 e:RevaluationReserve 2023-04-01 09915776 e:RevaluationReserve 2 2023-04-01 2024-03-31 09915776 e:InvestmentPropertiesRevaluationReserve 2024-04-01 2025-03-31 09915776 e:InvestmentPropertiesRevaluationReserve 2025-03-31 09915776 e:InvestmentPropertiesRevaluationReserve 2 2024-04-01 2025-03-31 09915776 e:InvestmentPropertiesRevaluationReserve 2024-03-31 09915776 e:InvestmentPropertiesRevaluationReserve 2023-04-01 09915776 e:InvestmentPropertiesRevaluationReserve 2 2023-04-01 2024-03-31 09915776 e:ForeignCurrencyTranslationReserve 2024-04-01 2025-03-31 09915776 e:ForeignCurrencyTranslationReserve 2025-03-31 09915776 e:ForeignCurrencyTranslationReserve 2 2024-04-01 2025-03-31 09915776 e:ForeignCurrencyTranslationReserve 2024-03-31 09915776 e:ForeignCurrencyTranslationReserve 2023-04-01 09915776 e:ForeignCurrencyTranslationReserve 2 2023-04-01 2024-03-31 09915776 e:OtherMiscellaneousReserve 2024-04-01 2025-03-31 09915776 e:OtherMiscellaneousReserve 2025-03-31 09915776 e:OtherMiscellaneousReserve 2 2024-04-01 2025-03-31 09915776 e:OtherMiscellaneousReserve 2024-03-31 09915776 e:OtherMiscellaneousReserve 2023-04-01 09915776 e:OtherMiscellaneousReserve 2 2023-04-01 2024-03-31 09915776 e:MergerReserve 2024-04-01 2025-03-31 09915776 e:MergerReserve 2025-03-31 09915776 e:MergerReserve 2 2024-04-01 2025-03-31 09915776 e:MergerReserve 2024-03-31 09915776 e:MergerReserve 2023-04-01 09915776 e:MergerReserve 2 2023-04-01 2024-03-31 09915776 e:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 09915776 e:RetainedEarningsAccumulatedLosses 2025-03-31 09915776 e:RetainedEarningsAccumulatedLosses 2 2024-04-01 2025-03-31 09915776 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09915776 e:RetainedEarningsAccumulatedLosses 2024-03-31 09915776 e:RetainedEarningsAccumulatedLosses 2023-04-01 09915776 e:RetainedEarningsAccumulatedLosses 2 2023-04-01 2024-03-31 09915776 d:FRS102 2024-04-01 2025-03-31 09915776 d:Audited 2024-04-01 2025-03-31 09915776 d:FullAccounts 2024-04-01 2025-03-31 09915776 d:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09915776 d:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09915776 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 09915776









SMALLER AUTHORITIES' AUDIT APPOINTMENTS LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
SMALLER AUTHORITIES' AUDIT APPOINTMENTS LTD
REGISTERED NUMBER: 09915776

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
947
1,895

  
947
1,895

Current assets
  

Debtors: amounts falling due within one year
 5 
80,374
108,762

Cash at bank and in hand
 6 
7,553,246
6,582,007

  
7,633,620
6,690,769

Creditors: amounts falling due within one year
 7 
(97,040)
(60,474)

Net current assets
  
 
 
7,536,580
 
 
6,630,295

Total assets less current liabilities
  
7,537,527
6,632,190

  

Net assets
  
7,537,527
6,632,190

Page 1

 
SMALLER AUTHORITIES' AUDIT APPOINTMENTS LTD
REGISTERED NUMBER: 09915776
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Capital and reserves
  

Market Development
 8 
1,430,000
1,430,000

Procurement Reserve
 8 
200,000
200,000

General Reserve
 8 
450,000
450,000

Redistribution Reserve
 8 
3,620,000
2,920,000

Discontinuance Reserve
 8 
250,000
250,000

Indemnity Fund
 8 
250,000
250,000

Projects Reserve
 8 
450,000
250,000

Accumulated Fund
 8 
887,527
882,190

  
7,537,527
6,632,190


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 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 on 15 July 2025.




David John Bowles
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2
 

 
SMALLER AUTHORITIES' AUDIT APPOINTMENTS LTD


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025



Market Development Reserves
Procurement Reserves
General Reserve
Redistribution Reserves
Discontinuance Fund
Indemnity Fund
Projects Reserves
Accumulated Fund
Total equity


£
£
£
£
£
£
£
£
£



At 1 April 2023
1,000,000
200,000
450,000
2,490,000
250,000
250,000
250,000
879,631
5,769,631



Comprehensive income for the year


Surplus for the year
-
-
-
-
-
-
-
862,559
862,559


Transfers
430,000
-
-
430,000
-
-
-
(860,000)
-





At 1 April 2024
1,430,000
200,000
450,000
2,920,000
250,000
250,000
250,000
882,190
6,632,190



Comprehensive income for the year


Surplus for the year
-
-
-
-
-
-
-
905,337
905,337


Transfers
-
-
-
700,000
-
-
200,000
(900,000)
-



At 31 March 2025
1,430,000
200,000
450,000
3,620,000
250,000
250,000
450,000
887,527
7,537,527



The notes on pages 4 to 9 form part of these financial statements.

Page 3
 
SMALLER AUTHORITIES' AUDIT APPOINTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Smaller Authorities' Audit Appointments Limited is a private Company limited by guarantee incorporated in England and Wales with a registered office of Bloomsbury Building, Bloomsbury Way, London, WC1A 2SL.

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 recognition

The Company sets the scale fees in respect of the audit of Smaller Authorities. For administrative purposes, it requires Audit firms to invoice the opted-in bodies on its behalf and to act as its collecting agents in respect of those fees. The Company in turn invoices those Audit firms at the scale fee adjusted for its remuneration.

 
2.3

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.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation.

Page 4

 
SMALLER AUTHORITIES' AUDIT APPOINTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.4
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:

Plant and machinery
-
3 year useful life

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.



 
2.5

Debtors

Short-term debtors are measured at transaction price. Loans receivable are measured initially at fair value, net of transaction costs.

 
2.6

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.

 
2.7

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.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Employees
7
7

Page 5

 
SMALLER AUTHORITIES' AUDIT APPOINTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2024
2,843



At 31 March 2025

2,843



Depreciation


At 1 April 2024
948


Charge for the year on owned assets
948



At 31 March 2025

1,896



Net book value



At 31 March 2025
947

Page 6

 
SMALLER AUTHORITIES' AUDIT APPOINTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Debtors

2025
2024
£
£


Trade debtors
78,071
106,820

Prepayments and accrued income
2,303
1,942

80,374
108,762



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
7,553,246
6,582,007

7,553,246
6,582,007



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
5,621
-

Other taxation and social security
84,492
53,724

Other creditors
177
-

Accruals and deferred income
6,750
6,750

97,040
60,474


Page 7

 
SMALLER AUTHORITIES' AUDIT APPOINTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Reserves

Indemnity Reserve

The original Memorandum of Understanding with the Department of Communities and Local Government (DCLG) required the Company to establish and maintain an 'Indemnity Fund' to cover any costs related to auditors' work that may not be recoverable from authorities, especially where an auditor has taken legal action, and to indemnify audit firms for legal costs relating to any judicial review. Reserve is consistent with the original government requirements

General Reserve

The General Reserve has no specific purpose and is held to ensure funds are available for contingencies and provide financial strength to the balance sheet. The recommended guideline is between 3 and 12 months of net revenue expenditure.

Redistribution Reserve

The joint procurement, along with 100% participation of Smaller Authorities and low inflation has left the company in a strong position. The company has conducted consultation with representatives of Smaller Authorities on how this may be shared and redistributed to smaller authorities as part of the benefits of procurement at scale. The sector bodies support investing in projects which will streamline the audit process and support good governance. The bodies also support considering the use of reserves when the next contract is let to smooth out any potentially large increases in fees.  Furthermore at that time, the results of the governments ‘reform’ stage of the review of local audit will be known and any impact on Smaller Authorities better understood.  SAAA will continue to support the sector and will consult with them further on the effective use of SAAA's reserves, including this redistribution reserve.

Market Development Reserve

Given the current problems in the principal authority market and the impact of higher than anticipated inflation in recent years, there could be capacity issues which may require changes to be made to contracting and pricing arrangements. The initial reserve established in 2022/2023 has been increased this year in order to accommodate any such changes.

Projects Reserve

Large strategic project costs are likely in future years such as the potential ongoing AGAR digitisation project, which could incur high costs if full digitisation is thought to be a desirable development, and other projects may require the appointment of project managers or IT specialists for a fixed term. 

Procurement Reserve

This reflects the anticipated costs involved in undertaking the next 5 yearly audit contracts procurement due in 2026, which is likely to require structure with added complexity.

Discontinuance Reserve

In the event of winding up, dissolution or any significant amendment to the articles of association, the Company as a non-for-profit company is committed to distribute any surpluses and reserves to a party or parties nominated by the Secretary of State. This reserve was established to estimate the costs that might be incurred if the Company was to be discontinued; for instance, if Parliament were to decide that responsibility for the audit of smaller authorities should be transferred to another body.

Page 8

 
SMALLER AUTHORITIES' AUDIT APPOINTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 15 July 2025 by Stephen Sampson (Senior Statutory Auditor) on behalf of Milton Avis LLP.

 
Page 9