Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01falseThe principal activity of the company is that of provision of real estate advisory services.54truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13137992 2022-02-01 2023-01-31 13137992 2021-01-15 2022-01-31 13137992 2023-01-31 13137992 2022-01-31 13137992 c:Director1 2022-02-01 2023-01-31 13137992 d:OfficeEquipment 2022-02-01 2023-01-31 13137992 d:OfficeEquipment 2023-01-31 13137992 d:OfficeEquipment 2022-01-31 13137992 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 13137992 d:ComputerEquipment 2022-02-01 2023-01-31 13137992 d:ComputerEquipment 2023-01-31 13137992 d:ComputerEquipment 2022-01-31 13137992 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 13137992 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 13137992 d:CurrentFinancialInstruments 2023-01-31 13137992 d:CurrentFinancialInstruments 2022-01-31 13137992 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13137992 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 13137992 d:ShareCapital 2022-02-01 2023-01-31 13137992 d:ShareCapital 2023-01-31 13137992 d:ShareCapital 2021-01-15 2022-01-31 13137992 d:ShareCapital 2022-01-31 13137992 d:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 13137992 d:RetainedEarningsAccumulatedLosses 2023-01-31 13137992 d:RetainedEarningsAccumulatedLosses 2021-01-15 2022-01-31 13137992 d:RetainedEarningsAccumulatedLosses 2022-01-31 13137992 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-01-31 13137992 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-01-31 13137992 c:OrdinaryShareClass1 2022-02-01 2023-01-31 13137992 c:OrdinaryShareClass1 2023-01-31 13137992 c:OrdinaryShareClass1 2022-01-31 13137992 c:FRS102 2022-02-01 2023-01-31 13137992 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 13137992 c:FullAccounts 2022-02-01 2023-01-31 13137992 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13137992









KURTH ADVISORY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
KURTH ADVISORY LTD
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 9


 
KURTH ADVISORY LTD
REGISTERED NUMBER: 13137992

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,041
3,743

  
4,041
3,743

Current assets
  

Debtors: amounts falling due within one year
 5 
32,056
62,531

Cash at bank and in hand
 6 
55,588
48,742

  
87,644
111,273

Creditors: amounts falling due within one year
 7 
(39,702)
(64,507)

Net current assets
  
 
 
47,942
 
 
46,766

Total assets less current liabilities
  
51,983
50,509

  

Net assets
  
51,983
50,509


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
51,883
50,409

  
51,983
50,509


Page 1

 
KURTH ADVISORY LTD
REGISTERED NUMBER: 13137992
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

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 by: 




C Kurth
Director

Date: 10 October 2023

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
KURTH ADVISORY LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period
-
50,409
50,409
Total comprehensive income for the period
-
50,409
50,409

Shares issued during the period
100
-
100


Total transactions with owners
100
-
100



At 1 February 2022
100
50,409
50,509


Comprehensive income for the year

Profit for the year
-
1,474
1,474
Total comprehensive income for the year
-
1,474
1,474


Total transactions with owners
-
-
-


At 31 January 2023
100
51,883
51,983


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
KURTH ADVISORY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Kurth Advisory Ltd is a private company, limited by shares, incorporated in England and Wales with registration number 13137992. The registered office address is Eighth Floor, 6 New Street Square, New Fetter Lane, London, United Kingdom, EC4A 3AQ.

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

On the basis of the assessment of the company's financial position and resources, the directors believe that the company is well placed to manage its business risks. Accordingly, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and hence considers the adoption of the going concern basis in preparing these financial statements is appropriate.

 
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 'administrative expenses'.

Page 4

 
KURTH ADVISORY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

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

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.

 
2.6

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.

 
2.7

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 5

 
KURTH ADVISORY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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:

Office equipment
-
25%
Computer equipment
-
25%

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 6

 
KURTH ADVISORY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.13

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 5 (2022 - 4).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 February 2022
4,400
-
4,400


Additions
-
1,291
1,291



At 31 January 2023

4,400
1,291
5,691



Depreciation


At 1 February 2022
657
-
657


Charge for the year on owned assets
936
57
993



At 31 January 2023

1,593
57
1,650



Net book value



At 31 January 2023
2,807
1,234
4,041



At 31 January 2022
3,743
-
3,743

Page 7

 
KURTH ADVISORY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Debtors

2023
2022
£
£


Other debtors
9,092
10,710

Prepayments and accrued income
22,964
51,821

32,056
62,531



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
55,588
48,742



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,152
6,560

Corporation tax
979
10,946

Other taxation and social security
4,229
-

Other creditors
13,794
34,851

Accruals and deferred income
18,548
12,150

39,702
64,507



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
55,588
48,742




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 8

 
KURTH ADVISORY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and partly paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



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 independent administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £748 (2022- £0). At the balance sheet date there was unpaid contributions of £150 (2022 - £0).

 
Page 9