Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-311truetrue2022-01-01falseThe principal activity of the company continued to be that of short term finance lending .1 13429843 2022-01-01 2022-12-31 13429843 2021-05-31 2021-12-31 13429843 2022-12-31 13429843 2021-12-31 13429843 c:Director1 2022-01-01 2022-12-31 13429843 d:CurrentFinancialInstruments 2022-12-31 13429843 d:CurrentFinancialInstruments 2021-12-31 13429843 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13429843 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 13429843 d:ShareCapital 2022-12-31 13429843 d:ShareCapital 2021-12-31 13429843 d:RetainedEarningsAccumulatedLosses 2022-12-31 13429843 d:RetainedEarningsAccumulatedLosses 2021-12-31 13429843 c:OrdinaryShareClass1 2022-01-01 2022-12-31 13429843 c:OrdinaryShareClass1 2022-12-31 13429843 c:FRS102 2022-01-01 2022-12-31 13429843 c:Audited 2022-01-01 2022-12-31 13429843 c:FullAccounts 2022-01-01 2022-12-31 13429843 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 13429843 c:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13429843














CENCAP LIMITED (FORMERLY CENTURY CAPITAL PARTNERS NO. 5 LIMITED)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

 
CENCAP LIMITED (FORMERLY CENTURY CAPITAL PARTNERS NO. 5 LIMITED)
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
CENCAP LIMITED (FORMERLY CENTURY CAPITAL PARTNERS NO. 5 LIMITED)
REGISTERED NUMBER:13429843

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2,722,377
-

Cash at bank and in hand
  
10,256
100

  
2,732,633
100

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(2,714,147)
-

Net current assets
  
 
 
18,486
 
 
100

  

Net assets
  
18,486
100


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
18,386
-

  
18,486
100


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 on 28 September 2023.




P R Munford
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
CENCAP LIMITED (FORMERLY CENTURY CAPITAL PARTNERS NO. 5 LIMITED)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Cencap Limited (formerly Century Capital Partners No. 5 Limited) is a private limited liability company registered in England and Wales. Its registered office is at 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB and its trading address is at 10 Albemarle Street, London, W1S 4HH.
The company changed its name on 13 October 2022 from Century Capital Partners No. 5 Limited to Cencap Limited.
The principal activity of the company during the year was the provision of bridging loans.
The company's functional and presentational currency is £ Sterling.

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

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.
Interest on the provision of loans is recognised in the period it accrues on the loan.
Loan arrangement fees receivable are recognised straight line over the term of the loan.
Administration fees, transaction fees and other similar income is recognised on the first drawdown date of the loan.

Page 2

 
CENCAP LIMITED (FORMERLY CENTURY CAPITAL PARTNERS NO. 5 LIMITED)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.3

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 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, and loans with related parties. 
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties. 
Cash and cash equivalents comprise cash balances and call deposits.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Debtors

2022
2021
£
£


Other debtors
2,722,377
-


Page 3

 
CENCAP LIMITED (FORMERLY CENTURY CAPITAL PARTNERS NO. 5 LIMITED)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Amounts owed to group undertakings
2,466,280
-

Taxation and social security
4,402
-

Accruals and deferred income
243,465
-

2,714,147
-



6.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



7.


Controlling party

The company's immediate and ultimate parent undertaking is Century Capital Partners Limited, a company registered in England and Wales. Its registered office address is 37 Warren Street, London, W1T 6AD.


8.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2022 was unqualified.

The audit report was signed on 28 September 2023 by Martyn Atkinson FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 4