Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312021-01-01falseNo description of principal activity1010truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04623092 2021-01-01 2021-12-31 04623092 2020-01-01 2020-12-31 04623092 2021-12-31 04623092 2020-12-31 04623092 2020-01-01 04623092 c:Director1 2021-01-01 2021-12-31 04623092 d:Buildings 2021-01-01 2021-12-31 04623092 d:Buildings 2021-12-31 04623092 d:Buildings 2020-12-31 04623092 d:Buildings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 04623092 d:PlantMachinery 2021-01-01 2021-12-31 04623092 d:PlantMachinery 2021-12-31 04623092 d:PlantMachinery 2020-12-31 04623092 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 04623092 d:FurnitureFittings 2021-01-01 2021-12-31 04623092 d:FurnitureFittings 2021-12-31 04623092 d:FurnitureFittings 2020-12-31 04623092 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 04623092 d:OfficeEquipment 2021-01-01 2021-12-31 04623092 d:OfficeEquipment 2021-12-31 04623092 d:OfficeEquipment 2020-12-31 04623092 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 04623092 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 04623092 d:CurrentFinancialInstruments 2021-12-31 04623092 d:CurrentFinancialInstruments 2020-12-31 04623092 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 04623092 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 04623092 d:ShareCapital 2021-12-31 04623092 d:ShareCapital 2020-12-31 04623092 d:ShareCapital 2020-01-01 04623092 d:CapitalRedemptionReserve 2021-12-31 04623092 d:CapitalRedemptionReserve 2020-12-31 04623092 d:CapitalRedemptionReserve 2020-01-01 04623092 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 04623092 d:RetainedEarningsAccumulatedLosses 2021-12-31 04623092 d:RetainedEarningsAccumulatedLosses 2020-01-01 2020-12-31 04623092 d:RetainedEarningsAccumulatedLosses 2020-12-31 04623092 d:RetainedEarningsAccumulatedLosses 2020-01-01 04623092 c:FRS102 2021-01-01 2021-12-31 04623092 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 04623092 c:FullAccounts 2021-01-01 2021-12-31 04623092 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 04623092 d:EntityControlledByKeyManagementPersonnel1 2021-01-01 2021-12-31 04623092 d:EntityControlledByKeyManagementPersonnel1 2020-01-01 2020-12-31 04623092 d:EntityControlledByKeyManagementPersonnel1 2021-12-31 04623092 d:EntityControlledByKeyManagementPersonnel1 2020-12-31 04623092 d:EntityControlledByKeyManagementPersonnel2 2021-01-01 2021-12-31 04623092 d:EntityControlledByKeyManagementPersonnel2 2020-01-01 2020-12-31 04623092 d:EntityControlledByKeyManagementPersonnel2 2021-12-31 04623092 d:EntityControlledByKeyManagementPersonnel2 2020-12-31 04623092 2 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 04623092










LINTSTOCK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
LINTSTOCK LIMITED
REGISTERED NUMBER:04623092

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
34,350
37,795

  
34,350
37,795

Current assets
  

Debtors: amounts falling due within one year
 5 
1,286,007
1,152,246

Cash at bank and in hand
 6 
86,547
82,286

  
1,372,554
1,234,532

Creditors: amounts falling due within one year
 7 
(798,502)
(579,952)

Net current assets
  
 
 
574,052
 
 
654,580

Total assets less current liabilities
  
608,402
692,375

  

Net assets
  
608,402
692,375


Capital and reserves
  

Called up share capital 
  
1,294
1,294

Capital redemption reserve
  
356
356

Profit and loss account
  
606,752
690,725

  
608,402
692,375


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.





 
Page 1

 
LINTSTOCK LIMITED
REGISTERED NUMBER:04623092
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Mr O Ziehn
Director

Date: 8 September 2022

The notes on pages 5 to 11 form part of these financial statements.
Page 2

 
LINTSTOCK LIMITED
 

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


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 January 2021
1,294
356
690,725
692,375


Comprehensive income for the year

Profit for the year

-
-
1,667,752
1,667,752

Dividends: Equity capital
-
-
(1,751,725)
(1,751,725)


At 31 December 2021
1,294
356
606,752
608,402


The notes on pages 5 to 11 form part of these financial statements.
Page 3

 
LINTSTOCK LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2020


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 January 2020
1,294
356
672,965
674,615


Comprehensive income for the year

Profit for the year

-
-
1,768,872
1,768,872

Dividends: Equity capital
-
-
(1,751,112)
(1,751,112)


At 31 December 2020
1,294
356
690,725
692,375


The notes on pages 5 to 11 form part of these financial statements.
Page 4

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

1.


General information

Lintstock Limited is a private company, limited by shares, incorporated and registered in England and Wales. The address of the principle place of business is c/o Lintstock Limited, Borough Market, 13 Stoney Street, London, SE1 9AD. The company's registered number is 04623092. 
The nature of the company’s operations and principal activities are that of management consultancy.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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 GBP, rounded to the nearest £1.

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 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'.

Page 5

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

2.Accounting policies (continued)

 
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

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

 
2.6

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 6

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

2.Accounting policies (continued)

 
2.7

Taxation

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 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.

 
2.8

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Office equipment
-
33% reducing balance

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.

No depreciation is charged on freehold property.

Page 7

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

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its 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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount
Page 8

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

2.Accounting policies (continued)


2.12
Financial instruments (continued)

rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2020 - 10).

Page 9

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

4.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2021
6,494
2,819
53,455
111,776
174,544


Additions
-
-
-
7,934
7,934



At 31 December 2021

6,494
2,819
53,455
119,710
182,478



Depreciation


At 1 January 2021
-
2,734
46,713
87,302
136,749


Charge for the year on owned assets
-
21
1,685
9,673
11,379



At 31 December 2021

-
2,755
48,398
96,975
148,128



Net book value



At 31 December 2021
6,494
64
5,057
22,735
34,350



At 31 December 2020
6,494
85
6,742
24,474
37,795


5.


Debtors

2021
2020
£
£


Trade debtors
1,175,804
961,602

Other debtors
15,980
15,980

Prepayments and accrued income
94,223
174,664

1,286,007
1,152,246



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
86,547
82,286

86,547
82,286


Page 10

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

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
2,493
1,153

Corporation tax
185,785
185,967

Other taxation and social security
210,718
228,682

Other creditors
4,638
6,105

Accruals and deferred income
394,868
158,045

798,502
579,952



8.


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 £21,443 (2020: £19,170). 
Contributions totalling £1,798 (2020: £1,826) were payable to the funds by the Company as at 31 December 2021 and are included in creditors. 


9.


Related party transactions

During the year a dividend was paid, amounting £700,000 (2020: £850,000), to the director Mr M Underwood. At the year end, the company was owed £- (2020: £-) by Mr M Underwood. 
During the year a dividend was paid, amounting £1,000,000 (2020: £850,000), to the director Mr O Ziehn. At the year end, the company was owed £- (2020: £-) by Mr O Ziehn. 

 
Page 11