Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312020-09-15false1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12880538 2020-09-14 12880538 2020-09-15 2021-12-31 12880538 2019-09-15 2020-09-14 12880538 2021-12-31 12880538 1 2020-09-15 2021-12-31 12880538 d:Director1 2020-09-15 2021-12-31 12880538 e:FurnitureFittings 2020-09-15 2021-12-31 12880538 e:FurnitureFittings 2021-12-31 12880538 e:FurnitureFittings e:OwnedOrFreeholdAssets 2020-09-15 2021-12-31 12880538 e:FreeholdInvestmentProperty 2020-09-15 2021-12-31 12880538 e:FreeholdInvestmentProperty 2021-12-31 12880538 e:CurrentFinancialInstruments 2021-12-31 12880538 e:Non-currentFinancialInstruments 2021-12-31 12880538 e:CurrentFinancialInstruments e:WithinOneYear 2021-12-31 12880538 e:Non-currentFinancialInstruments e:AfterOneYear 2021-12-31 12880538 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2021-12-31 12880538 e:ShareCapital 2020-09-15 2021-12-31 12880538 e:ShareCapital 2021-12-31 12880538 e:OtherMiscellaneousReserve 2020-09-15 2021-12-31 12880538 e:OtherMiscellaneousReserve 2021-12-31 12880538 e:OtherMiscellaneousReserve 1 2020-09-15 2021-12-31 12880538 e:RetainedEarningsAccumulatedLosses 2020-09-15 2021-12-31 12880538 e:RetainedEarningsAccumulatedLosses 2021-12-31 12880538 e:RetainedEarningsAccumulatedLosses 1 2020-09-15 2021-12-31 12880538 e:AcceleratedTaxDepreciationDeferredTax 2021-12-31 12880538 d:OrdinaryShareClass1 2020-09-15 2021-12-31 12880538 d:OrdinaryShareClass1 2021-12-31 12880538 d:FRS102 2020-09-15 2021-12-31 12880538 d:AuditExempt-NoAccountantsReport 2020-09-15 2021-12-31 12880538 d:FullAccounts 2020-09-15 2021-12-31 12880538 d:PrivateLimitedCompanyLtd 2020-09-15 2021-12-31 12880538 e:WithinOneYear 2021-12-31 12880538 e:BetweenOneFiveYears 2021-12-31 12880538 2 2020-09-15 2021-12-31 12880538 6 2020-09-15 2021-12-31 12880538 2020-09-15 12880538 e:ShareCapitalOtherShareTypes 2021-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 12880538














EMMERSON CONSULTING INTERNATIONAL LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD FROM 15 SEPTEMBER 2020 TO 31 DECEMBER 2021

 
EMMERSON CONSULTING INTERNATIONAL LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Statement of changes in equity
 
3
Notes to the financial statements
 
4 - 9


 
EMMERSON CONSULTING INTERNATIONAL LIMITED
REGISTERED NUMBER:12880538

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
Note
£

Fixed assets
  

Tangible assets
 4 
158,434

Investments
 5 
100

Investment property
 6 
1,152,893

  
1,311,427

Current assets
  

Debtors: amounts falling due within one year
 7 
3,042,360

Cash at bank and in hand
 8 
39,100

  
3,081,460

Creditors: amounts falling due within one year
 9 
(654,070)

Net current assets
  
 
 
2,427,390

Total assets less current liabilities
  
3,738,817

Creditors: amounts falling due after more than one year
 10 
(376,880)

Provisions for liabilities
  

Deferred tax
 12 
(39,609)

  
 
 
(39,609)

Net assets
  
3,322,328


Capital and reserves
  

Called up share capital 
 13 
100

Other reserves
  
42,911

Profit and loss account
  
3,279,317

  
3,322,328


1

 
EMMERSON CONSULTING INTERNATIONAL LIMITED
REGISTERED NUMBER:12880538
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

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 period 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 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 on 12 September 2022.




M B Emmerson QC
Director

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

2

 
EMMERSON CONSULTING INTERNATIONAL LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2021


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£



Profit for the period

-
-
3,265,962
3,265,962

Other movement
-
56,266
-
56,266

Shares issued during the period
100
-
-
100

Transfer to/from profit and loss account
-
(13,355)
13,355
-


At 31 December 2021
100
42,911
3,279,317
3,322,328

3

 
EMMERSON CONSULTING INTERNATIONAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

1.


General information

Emmerson Consulting International Limited is a private company, limited by shares, registered in England and Wales, registration number12880538 . The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company is consultancy services.

The company was incorporated on 15/09/2020 and commenced trading on 3 December 2020.

During the period, the company extended its accounting period from 30 September 2021 to 31 December 2021. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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 pound sterling.

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Turnover

Turnover from consultancy services 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.

 
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.

4

 
EMMERSON CONSULTING INTERNATIONAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Borrowing costs

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

 
2.8

Current and deferred taxation

The tax expense for the period 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 corporation 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.

 
2.9

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.

5

 
EMMERSON CONSULTING INTERNATIONAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)


2.9
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:

Fixtures and fittings
-
20%
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.

 
2.10

 Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.11

 Valuation of investments

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 Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.12

 Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.13

 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.

 
2.14

 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.

 
2.15

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including director, during the period was 1.

6

 
EMMERSON CONSULTING INTERNATIONAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Fixtures and fittings

£



Cost


Additions
166,773



At 31 December 2021

166,773



Depreciation


Charge for the period on owned assets
8,339



At 31 December 2021

8,339



Net book value



At 31 December 2021
158,434


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


Additions
100



At 31 December 2021
100





6.


Investment property


Freehold investment property

£



Valuation


Additions at cost
1,152,893



At 31 December 2021
1,152,893

The 2021 valuations were made by the director, on an open market value for existing use basis.




7

 
EMMERSON CONSULTING INTERNATIONAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

7.


Debtors

2021
£


Amounts owed by group undertakings
2,958,979

Other debtors
19,526

Accrued income
63,855

3,042,360



8.


Cash and cash equivalents

2021
£

Cash at bank
39,100



9.


Creditors: Amounts falling due within one year

2021
£

Corporation tax
613,959

Accruals
40,111

654,070



10.


Creditors: Amounts falling due after more than one year

2021
£

Other loans
376,880



11.


Loans


Analysis of the maturity of loans is given below:


2021
£


Amounts falling due 1-2 years

Other loans
376,880




8

 
EMMERSON CONSULTING INTERNATIONAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

12.


Deferred taxation



2021


£






Charged to profit or loss
(39,609)



At end of year
(39,609)

The deferred taxation balance is made up as follows:

2021
£


Accelerated capital allowances
(39,609)

(39,609)


13.


Share capital

2021
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


100 ordinary shares of £1 each were issued on incorporation on 15 September 2020 at an aggregate nominal value of £100.


14.


Commitments under operating leases

At 31 December 2021 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2021
£


Not later than 1 year
26,000

Later than 1 year and not later than 5 years
15,167

41,167


15.


Related party transactions

FRS 102 Section 1A paragraph 1AC.35 does not require disclosure of transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by a member of that group. The company has taken this exemption.
 
9