Caseware UK (AP4) 2021.0.152 2021.0.152 2021-06-302021-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2020-07-01falseNo description of principal activity00truetrue 09733092 2020-07-01 2021-06-30 09733092 2019-07-01 2020-06-30 09733092 2021-06-30 09733092 2020-06-30 09733092 1 2020-07-01 2021-06-30 09733092 d:Director1 2020-07-01 2021-06-30 09733092 d:RegisteredOffice 2020-07-01 2021-06-30 09733092 c:OfficeEquipment 2020-07-01 2021-06-30 09733092 c:OfficeEquipment 2021-06-30 09733092 c:OfficeEquipment 2020-06-30 09733092 c:OfficeEquipment c:OwnedOrFreeholdAssets 2020-07-01 2021-06-30 09733092 c:CurrentFinancialInstruments 2021-06-30 09733092 c:CurrentFinancialInstruments 2020-06-30 09733092 c:Non-currentFinancialInstruments 2021-06-30 09733092 c:Non-currentFinancialInstruments 2020-06-30 09733092 c:CurrentFinancialInstruments c:WithinOneYear 2021-06-30 09733092 c:CurrentFinancialInstruments c:WithinOneYear 2020-06-30 09733092 c:Non-currentFinancialInstruments c:AfterOneYear 2021-06-30 09733092 c:Non-currentFinancialInstruments c:AfterOneYear 2020-06-30 09733092 c:ShareCapital 2021-06-30 09733092 c:ShareCapital 2020-06-30 09733092 c:RetainedEarningsAccumulatedLosses 2021-06-30 09733092 c:RetainedEarningsAccumulatedLosses 2020-06-30 09733092 d:FRS102 2020-07-01 2021-06-30 09733092 d:AuditExempt-NoAccountantsReport 2020-07-01 2021-06-30 09733092 d:FullAccounts 2020-07-01 2021-06-30 09733092 d:PrivateLimitedCompanyLtd 2020-07-01 2021-06-30 iso4217:GBP xbrli:pure
Registered number: 09733092 (England and Wales)














AHOY CLUB LTD
UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021


 
AHOY CLUB LTD
 

 
COMPANY INFORMATION


Director
I R Malouf 




Registered number
09733092



Registered office
New Penderel House
4th Floor

283-288 High Holborn

London

United Kingdom

WC1V 7HP






 
AHOY CLUB LTD
 


CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 6



 
AHOY CLUB LTD
REGISTERED NUMBER:09733092


BALANCE SHEET
AS AT 30 JUNE 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 3 
-
2,791

  
-
2,791

Current assets
  

Debtors: amounts falling due within one year
 4 
905,825
912,255

Bank and cash balances
  
312,644
79,809

  
1,218,469
992,064

Creditors: amounts falling due within one year
 5 
(441,292)
(421,390)

Net current assets
  
 
 
777,177
 
 
570,674

Total assets less current liabilities
  
777,177
573,465

Creditors: amounts falling due after more than one year
 6 
(3,880,037)
(3,520,523)

  

Net liabilities
  
(3,102,860)
(2,947,058)

Page 1


 
AHOY CLUB LTD
REGISTERED NUMBER:09733092

    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2021

2021
2020
£
£

Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(3,102,861)
(2,947,059)

  
(3,102,860)
(2,947,058)


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 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 by: 



I R Malouf
Director

Date: 12 September 2022

The notes on pages 3 to 6 form part of these financial statements.
Page 2


 
AHOY CLUB LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

1.Accounting policies

 
1.1

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:

 
1.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
1.3

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. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

Page 3


 
AHOY CLUB LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

1.Accounting policies (continued)

 
1.4

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.

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:

Office equipment
-
33%

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.

 
1.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

 
1.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

  
1.7

Creditors

Short term creditors are measured at the transaction price. 
Long term creditors are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2020 - £NIL)
Page 4


 
AHOY CLUB LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

3.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2020
19,257



At 30 June 2021

19,257



Depreciation


At 1 July 2020
16,466


Charge for the year on owned assets
2,791



At 30 June 2021

19,257



Net book value



At 30 June 2021
-



At 30 June 2020
2,791


4.


Debtors

2021
2020
£
£


Trade debtors
-
19,932

Amounts owed by group undertakings
526,995
463,644

Other debtors
346,044
352,539

Prepayments and accrued income
32,786
76,140

905,825
912,255



5.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
104,790
28,217

Other creditors
336,502
393,173

441,292
421,390


Page 5


 
AHOY CLUB LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

6.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Other loans
3,880,037
3,520,523

3,880,037
3,520,523


These loans are from related parties under the common control of the director. 


7.


Parent company

Axiom Club Limited is the parent company. The registered office of the parent company is New Penderel House, 283-288 High Holborn, London, United Kingdom, WC1V 7HP. The parent company is exempt from preparing consolidated financial statements. 


8.


Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved. 

 
Page 6