Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-312021-04-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10622874 2021-04-01 2022-03-31 10622874 2020-04-01 2021-03-31 10622874 2022-03-31 10622874 2021-03-31 10622874 c:Director1 2021-04-01 2022-03-31 10622874 c:Director2 2021-04-01 2022-03-31 10622874 c:Director4 2021-04-01 2022-03-31 10622874 c:Director5 2021-04-01 2022-03-31 10622874 c:RegisteredOffice 2021-04-01 2022-03-31 10622874 d:OfficeEquipment 2021-04-01 2022-03-31 10622874 d:OfficeEquipment 2022-03-31 10622874 d:OfficeEquipment 2021-03-31 10622874 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 10622874 d:ComputerEquipment 2021-04-01 2022-03-31 10622874 d:ComputerEquipment 2022-03-31 10622874 d:ComputerEquipment 2021-03-31 10622874 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 10622874 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 10622874 d:ComputerSoftware 2022-03-31 10622874 d:ComputerSoftware 2021-03-31 10622874 d:OtherResidualIntangibleAssets 2021-04-01 2022-03-31 10622874 d:CurrentFinancialInstruments 2022-03-31 10622874 d:CurrentFinancialInstruments 2021-03-31 10622874 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10622874 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 10622874 d:ShareCapital 2022-03-31 10622874 d:ShareCapital 2021-03-31 10622874 d:CapitalRedemptionReserve 2022-03-31 10622874 d:CapitalRedemptionReserve 2021-03-31 10622874 d:RetainedEarningsAccumulatedLosses 2022-03-31 10622874 d:RetainedEarningsAccumulatedLosses 2021-03-31 10622874 c:FRS102 2021-04-01 2022-03-31 10622874 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 10622874 c:FullAccounts 2021-04-01 2022-03-31 10622874 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 10622874 2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure
Company registration number: 10622874







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2022


THE ORACLE PARTNERSHIP LIMITED






































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THE ORACLE PARTNERSHIP LIMITED
 


 
COMPANY INFORMATION


Directors
Mr P C Kingsley 
Mrs S J Kinglsey 
Mr T D Malleret 
Mr S Tilford 




Registered number
10622874



Registered office
3000a Parkway
Whiteley

Hampshire

PO15 7FX




Trading Address
South Barn
Efford Park

Lymington

Hampshire

SO41 0JD






Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


THE ORACLE PARTNERSHIP LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 9


 


THE ORACLE PARTNERSHIP LIMITED
REGISTERED NUMBER:10622874



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 5 
4,712
354

  
4,712
354

Current assets
  

Debtors: amounts falling due within one year
 6 
5,736
11,955

Cash at bank and in hand
  
43,663
34,884

  
49,399
46,839

Creditors: amounts falling due within one year
 7 
(58,455)
(33,855)

Net current (liabilities)/assets
  
 
 
(9,056)
 
 
12,984

Total assets less current liabilities
  
(4,344)
13,338

Provisions for liabilities
  

Deferred tax
  
-
(543)

  
 
 
-
 
 
(543)

Net (liabilities)/assets
  
(4,344)
12,795

Page 1

 


THE ORACLE PARTNERSHIP LIMITED
REGISTERED NUMBER:10622874


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Capital and reserves
  

Called up share capital 
  
200
200

Capital redemption reserve
  
20
20

Profit and loss account
  
(4,564)
12,575

  
(4,344)
12,795


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 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 11 September 2022.




Mr P C Kingsley
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 


THE ORACLE PARTNERSHIP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

The Oracle Partnership Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

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 year end date the company's liabilities exceeded its assets. However, following the period end the company continues to trade well and cash flows are positive.
As a result the directors consider that for the foreseeable future the company has adequate resources to settle its obligations as they fall due. As a result, the directors deem it appropriate to prepare the accounts on a going concern basis.

 
2.3

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 except when deferred in other comprehensive income as qualifying cash flow hedges.

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

Page 3

 


THE ORACLE PARTNERSHIP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

Borrowing costs

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

 
2.9

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 


THE ORACLE PARTNERSHIP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.10

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 reporting 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 reporting 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 reporting date.

 
2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Website
-
3
years

 
2.12

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 5

 


THE ORACLE PARTNERSHIP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)


2.12
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:

Office equipment
-
20%
straight line
Computer equipment
-
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.

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Page 6

 


THE ORACLE PARTNERSHIP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.14

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 directors, during the year was 4 (2021 - 4).


4.


Intangible assets



Website

£



Cost


At 1 April 2021
9,040



At 31 March 2022

9,040



Amortisation


At 1 April 2021
9,040



At 31 March 2022

9,040



Net book value



At 31 March 2022
-



Page 7

 


THE ORACLE PARTNERSHIP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2021
-
544
544


Additions
104
4,924
5,028



At 31 March 2022

104
5,468
5,572



Depreciation


At 1 April 2021
-
190
190


Charge for the year on owned assets
12
658
670



At 31 March 2022

12
848
860



Net book value



At 31 March 2022
92
4,620
4,712



At 31 March 2021
-
354
354


6.


Debtors

2022
2021
£
£


Other debtors
615
8,163

Prepayments and accrued income
5,121
3,792

5,736
11,955


Page 8

 


THE ORACLE PARTNERSHIP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank overdrafts
267
224

Trade creditors
4,435
3,094

Corporation tax
-
263

Other taxation and social security
50,099
26,519

Other creditors
454
510

Accruals and deferred income
3,200
3,245

58,455
33,855



8.


Transactions with directors

At the year end, included within debtors due under one year was a loan account balance due from the directors amounting to £332 (2021 - £8,064). This amount was interest free and repayable on demand. These amounts were repaid after the period end.

Page 9