Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-01-01falseNo description of principal activity1516truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00175027 2024-01-01 2024-12-31 00175027 2023-01-01 2023-12-31 00175027 2024-12-31 00175027 2023-12-31 00175027 c:CompanySecretary1 2024-01-01 2024-12-31 00175027 c:Director1 2024-01-01 2024-12-31 00175027 c:Director2 2024-01-01 2024-12-31 00175027 c:Director3 2024-01-01 2024-12-31 00175027 c:Director5 2024-01-01 2024-12-31 00175027 c:Director6 2024-01-01 2024-12-31 00175027 c:RegisteredOffice 2024-01-01 2024-12-31 00175027 c:Agent1 2024-01-01 2024-12-31 00175027 d:PlantMachinery 2024-01-01 2024-12-31 00175027 d:PlantMachinery 2024-12-31 00175027 d:PlantMachinery 2023-12-31 00175027 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00175027 d:FurnitureFittings 2024-01-01 2024-12-31 00175027 d:OfficeEquipment 2024-01-01 2024-12-31 00175027 d:CurrentFinancialInstruments 2024-12-31 00175027 d:CurrentFinancialInstruments 2023-12-31 00175027 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 00175027 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00175027 d:ShareCapital 2024-12-31 00175027 d:ShareCapital 2023-12-31 00175027 d:CapitalRedemptionReserve 2024-12-31 00175027 d:CapitalRedemptionReserve 2023-12-31 00175027 d:RetainedEarningsAccumulatedLosses 2024-12-31 00175027 d:RetainedEarningsAccumulatedLosses 2023-12-31 00175027 c:OrdinaryShareClass1 2024-01-01 2024-12-31 00175027 c:OrdinaryShareClass1 2024-12-31 00175027 c:OrdinaryShareClass1 2023-12-31 00175027 c:FRS102 2024-01-01 2024-12-31 00175027 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00175027 c:FullAccounts 2024-01-01 2024-12-31 00175027 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00175027 d:WithinOneYear 2024-12-31 00175027 d:WithinOneYear 2023-12-31 00175027 4 2024-01-01 2024-12-31 00175027 6 2024-01-01 2024-12-31 00175027 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 00175027 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 00175027 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 00175027 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 00175027 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 00175027










A. M. HEATH LIMITED
UNAUDITED
DIRECTORS' REPORT & FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




















 
A. M. HEATH LIMITED
 
 
Company Information


Directors
W J U Hamilton 
V J Hobbs 
E G Thorneycroft 
O Munson 
A McNicoll 




Company secretary
E G Thorneycroft



Registered number
00175027



Registered office
6 Warwick Court

London

WC1R 5DJ




Bankers
HSBC Bank Plc
16 King Street

Covent Garden

London

WC2E 8JF





 
A. M. HEATH LIMITED
Registered number: 00175027

Balance sheet
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
29,531
32,981

Investments
 5 
702,783
659,482

  
732,314
692,463

Current assets
  

Debtors: amounts falling due within one year
 6 
175,504
187,815

Cash at bank and in hand
  
232,893
448,850

  
408,397
636,665

Creditors: amounts falling due within one year
 7 
(90,962)
(262,073)

Net current assets
  
 
 
317,435
 
 
374,592

Total assets less current liabilities
  
1,049,749
1,067,055

Provisions for liabilities
  

Deferred tax
 8 
(23,591)
(23,626)

  
 
 
(23,591)
 
 
(23,626)

Net assets
  
1,026,158
1,043,429


Capital and reserves
  

Called up share capital 
 9 
4,175
4,175

Capital redemption reserve
  
2,190
2,190

Profit and loss account
  
1,019,793
1,037,064

  
1,026,158
1,043,429


Page 1

 
A. M. HEATH LIMITED
Registered number: 00175027
    
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 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 on 13 August 2025.




W J U Hamilton
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
A. M. HEATH LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

1.


General information

A. M. Heath & Company Limited is a private company limited by shares and is incorporated in England and Wales. The registered office is 6 Warwick Court, London, WC1R 5DJ.

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

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

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. 

 
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.

Page 3

 
A. M. HEATH LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

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

 
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 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.


 
2.7

Amounts due to clients

A.M. Heath & Company Limited, in the normal course of the business, holds funds on behalf of clients. These funds are held in client bank accounts which do not form part of these accounts.

 
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

 
A. M. HEATH LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 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, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
20% reducing balance basis
Fixtures & fittings
-
20% reducing balance basis
Office equipment
-
25% reducing balance basis

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

Valuation of investments

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.

 
2.10

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.

 
2.11

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. 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.

 
2.12

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.

 
2.13

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.

Page 5

 
A. M. HEATH LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 16).

Page 6

 
A. M. HEATH LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

4.


Tangible fixed assets





Plant & machinery etc

£



Cost


At 1 January 2024
280,344


Additions
4,359



At 31 December 2024

284,703



Depreciation


At 1 January 2024
247,363


Charge for the year on owned assets
7,809



At 31 December 2024

255,172



Net book value



At 31 December 2024
29,531



At 31 December 2023
32,981


5.


Fixed asset investments





Listed investments

£



At fair value


At 1 January 2024
659,482


Additions
467,595


Disposals
(443,280)


Revaluations
18,986



At 31 December 2024
702,783




Page 7

 
A. M. HEATH LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

6.


 
 
 
Debtors

2024
2023
£
£


Trade debtors
109,712
108,733

Other debtors
65,792
79,082

175,504
187,815



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,871
289

Other taxation and social security
1,511
1,593

Other creditors
84,580
260,191

90,962
262,073


Page 8

 
A. M. HEATH LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

8.


Deferred taxation




2024


£






At beginning of year
(23,626)


Charged to profit or loss
35



At end of year
(23,591)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(7,569)
(8,246)

Gain on investment in listed shares
(16,022)
(15,380)

(23,591)
(23,626)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



4,175 (2023 - 4,175) Ordinary shares of £1.00 each
4,175
4,175



10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £Nil (2023: £Nil) were payable to the fund at the balance sheet date.

Page 9

 
A. M. HEATH LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024


11.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
-
100,000

-
100,000

 
Page 10