Causeway Asset Management Limited Filleted accounts for Companies House (small and micro)
Causeway Asset Management Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
NI628256
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Financial Statements |
Year ended 31 December 2022
Contents |
Page |
Officers and professional advisers |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
3 |
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Officers and Professional Advisers |
The board of directors |
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Registered office |
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Northern Ireland |
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Auditor |
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Chartered Accountants & Statutory Auditors |
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Aisling House |
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50 Stranmillis Embankment |
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Belfast |
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BT9 5FL |
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Bankers |
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Donegall Square West |
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Belfast |
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BT1 6JS |
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Solicitors |
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2-14 East Bridge Street |
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Belfast |
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BT1 3NQ |
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Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Investments |
6 |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions |
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Net assets |
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Capital and reserves
Called up share capital |
10 |
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Profit and loss account |
11 |
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------- |
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Shareholders funds |
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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.
These financial statements were approved by the
board of directors
and authorised for issue on
16 June 2023
, and are signed on behalf of the board by:
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Director |
Company registration number:
NI628256
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Notes to the Financial Statements |
Year ended 31 December 2022
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 8th Floor Bedford House, Bedford Street, BT2 7FD, Northern Ireland.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Consolidation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property |
- |
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Fixtures, fittings and equipment |
- |
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Computer Equipment |
- |
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Commercial vans |
- |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
Finance leases and hire purchase contracts
Provisions
Financial instruments
4.
Staff costs
The average number of persons employed by the company during the year, including the directors, amounted to:
2022 |
2021 |
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No. |
No. |
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Administrative staff |
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Operative staff |
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Sales staff |
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---- |
---- |
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---- |
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The aggregate payroll costs incurred during the year, relating to the above, were:
2022 |
2021 |
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£ |
£ |
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Wages and salaries |
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Social security costs |
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--------- |
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5.
Tangible assets
Long leasehold property |
Fixtures, fittings & equipment |
Computer Equipment |
Commercial vans |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2022 |
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Additions |
– |
– |
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– |
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At 31 December 2022 |
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Depreciation |
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At 1 January 2022 |
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Charge for the year |
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– |
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At 31 December 2022 |
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Carrying amount |
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At 31 December 2022 |
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– |
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At 31 December 2021 |
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– |
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6.
Investments
Shares in group undertakings |
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£ |
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Cost |
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At 1 January 2022 and 31 December 2022 |
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Impairment |
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At 1 January 2022 and 31 December 2022 |
– |
---- |
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Carrying amount |
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At 31 December 2022 |
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At 31 December 2021 |
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Subsidiaries, associates and other investments
Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Ordinary |
100 |
7.
Debtors
2022 |
2021 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings |
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Amounts owed by related parties |
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Prepayments and accrued income |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Trade creditors |
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Amounts owed to related parties |
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Accruals and deferred income |
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Corporation tax |
– |
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Social security and other taxes |
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Other creditors |
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9.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
2022 |
2021 |
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£ |
£ |
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Included in provisions |
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------- |
------- |
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The deferred tax account consists of the tax effect of timing differences in respect of:
2022 |
2021 |
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£ |
£ |
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Accelerated capital allowances |
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------- |
------- |
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10.
Called up share capital
Issued, called up and fully paid
2022 |
2021 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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11.
Reserves
12.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2022 |
2021 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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Later than 5 years |
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13.
Summary audit opinion
The auditor's report dated
16 June 2023
was
unqualified
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The senior statutory auditor was
Cathal Maneely
, for and on behalf of
Maneely Mc Cann Chartered Accountants
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14.
Related parties
The directors are also the shareholders of
Causeway Asset Management Limited
, and as such, are considered to be the company's ultimate controlling parties. The company has taken advantage of the exemption available within Financial Reporting Standard No 102 Section 1A Appendix C: Related party disclosures, not to disclose transactions with group companies as they are wholly owned subsidiaries of Causeway Asset Management Limited
. Transactions During the year the company collected rents and service charges on behalf of a number of related parties under common control of the directors. At 31 December 2022, a balance of £266,926 (2021: £173,717) was owed by the company.