Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-319The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-01-01falseNo description of principal activity3falsetrue 12345643 2021-01-01 2021-12-31 12345643 2019-12-03 2020-12-31 12345643 2021-12-31 12345643 2020-12-31 12345643 c:Director2 2021-01-01 2021-12-31 12345643 d:ComputerEquipment 2021-01-01 2021-12-31 12345643 d:ComputerEquipment 2021-12-31 12345643 d:ComputerEquipment 2020-12-31 12345643 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 12345643 d:CurrentFinancialInstruments 2021-12-31 12345643 d:CurrentFinancialInstruments 2020-12-31 12345643 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 12345643 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 12345643 d:ShareCapital 2021-01-01 2021-12-31 12345643 d:ShareCapital 2021-12-31 12345643 d:ShareCapital 2019-12-03 2020-12-31 12345643 d:ShareCapital 2020-12-31 12345643 d:SharePremium 2021-01-01 2021-12-31 12345643 d:SharePremium 2021-12-31 12345643 d:SharePremium 2019-12-03 2020-12-31 12345643 d:SharePremium 2020-12-31 12345643 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 12345643 d:RetainedEarningsAccumulatedLosses 2021-12-31 12345643 d:RetainedEarningsAccumulatedLosses 2019-12-03 2020-12-31 12345643 d:RetainedEarningsAccumulatedLosses 2020-12-31 12345643 c:OrdinaryShareClass1 2021-01-01 2021-12-31 12345643 c:OrdinaryShareClass1 2021-12-31 12345643 c:OrdinaryShareClass1 2020-12-31 12345643 c:FRS102 2021-01-01 2021-12-31 12345643 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 12345643 c:FullAccounts 2021-01-01 2021-12-31 12345643 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 12345643 2 2021-01-01 2021-12-31 12345643 6 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12345643










FIRST LONGEVITY LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021



 
FIRST LONGEVITY LTD
REGISTERED NUMBER: 12345643

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,350
1,298

Investments
 5 
400
-

  
4,750
1,298

Current assets
  

Debtors: amounts falling due within one year
 6 
25,548
10,300

Cash at bank and in hand
 7 
160,676
233,084

  
186,224
243,384

Creditors: amounts falling due within one year
 8 
(49,302)
(39,988)

Net current assets
  
 
 
136,922
 
 
203,396

Total assets less current liabilities
  
141,672
204,694

  

Net assets
  
141,672
204,694


Capital and reserves
  

Called up share capital 
 9 
1,352
1,171

Share premium account
  
502,953
244,841

Profit and loss account
  
(362,633)
(41,318)

  
141,672
204,694


Page 1

 
FIRST LONGEVITY LTD
REGISTERED NUMBER: 12345643

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

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 by: 




P J Newman
Director

Date: 6 September 2022

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
FIRST LONGEVITY LTD
 

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


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


Comprehensive income for the period

Loss for the period
-
-
(41,318)
(41,318)
Total comprehensive income for the period
-
-
(41,318)
(41,318)

Shares issued during the period
1,171
244,841
-
246,012



At 1 January 2021
1,171
244,841
(41,318)
204,694


Comprehensive income for the year

Loss for the year
-
-
(321,315)
(321,315)

Shares issued during the year
181
258,112
-
258,293


At 31 December 2021
1,352
502,953
(362,633)
141,672


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
FIRST LONGEVITY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

First Longevity Ltd is a private company limited by shares and incorporated in England & Wales. The
address of its registered office is 2 Chawley Park, Cumnor Hill, Oxford, Oxfordshire, England, OX2 9GG

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

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the forseeable future. Thus the directors believe that the financial statements have been prepared appropriately on the going concern basis

 
2.3

Revenue

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

Rendering of services

Revenue 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 revenue 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.

 
2.4

Interest income

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

 
2.5

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

 
FIRST LONGEVITY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)


2.5
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:

Computer 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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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 Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 5

 
FIRST LONGEVITY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

3.


Employees

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


        2021
        2020
            No.
            No.







Employee
9
3


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2021
1,937


Additions
4,765



At 31 December 2021

6,702



Depreciation


At 1 January 2021
639


Charge for the year on owned assets
1,713



At 31 December 2021

2,352



Net book value



At 31 December 2021
4,350



At 31 December 2020
1,298


5.


Fixed asset investments





Listed investments

£



Cost or valuation


Additions
400



At 31 December 2021
400




Page 6

 
FIRST LONGEVITY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

6.


Debtors

2021
2020
£
£


Trade debtors
23,071
8,725

Other debtors
2,092
1,575

Prepayments and accrued income
385
-

25,548
10,300



7.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
160,676
233,084

160,676
233,084



8.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
16,322
8,188

Other taxation and social security
27,914
3,656

Other creditors
-
20,201

Accruals and deferred income
5,066
7,943

49,302
39,988



9.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



1,351,961 (2020 - 1,171,337) Ordinary share of £0.001 each
1,352
1,171


During the year, 180,624 Ordinary shares of £0.001 each were issued and paid for the consideration of £258,292.

Page 7

 
FIRST LONGEVITY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

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. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,460 (2020 - £nil) . Contributions totalling £nil (2020 - £nil) were payable to the fund at the balance sheet date and are included in creditors.


11.


Controlling party

The Company is controlled by its directors. 


Page 8