Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31false2No description of principal activity2022-01-01false2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12237021 2022-01-01 2022-12-31 12237021 2021-01-01 2021-12-31 12237021 2022-12-31 12237021 2021-12-31 12237021 c:Director1 2022-01-01 2022-12-31 12237021 d:CurrentFinancialInstruments 2022-12-31 12237021 d:CurrentFinancialInstruments 2021-12-31 12237021 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12237021 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 12237021 d:ShareCapital 2022-12-31 12237021 d:ShareCapital 2021-12-31 12237021 d:RetainedEarningsAccumulatedLosses 2022-12-31 12237021 d:RetainedEarningsAccumulatedLosses 2021-12-31 12237021 c:FRS102 2022-01-01 2022-12-31 12237021 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 12237021 c:FullAccounts 2022-01-01 2022-12-31 12237021 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 12237021 2 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 12237021









BLACKSHIP ADVISORS LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
BLACKSHIP ADVISORS LTD
REGISTERED NUMBER: 12237021

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
362
10

Cash at bank and in hand
 5 
8,236
-

  
8,598
10

Creditors: amounts falling due within one year
  
(3,532)
-

Net current assets
  
 
 
5,066
 
 
10

Total assets less current liabilities
  
5,066
10

  

Net assets
  
5,066
10


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
5,056
-

  
5,066
10


Page 1

 
BLACKSHIP ADVISORS LTD
REGISTERED NUMBER: 12237021
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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 income and retained earnings 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 L Cronstedt Colt
Director

Date: 17 October 2023

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

Page 2

 
BLACKSHIP ADVISORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Blackship Advisors Ltd is a private Company limited by shares. The Company was incorporated in England and Wales and its registered office address is Aston House, Cornwall Avenue, London, United Kingdom, N3 1LF. The Company registration number is 12237021.

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

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.

 
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.

Page 3

 
BLACKSHIP ADVISORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

Interest income

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

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
BLACKSHIP ADVISORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).


4.


Debtors

2022
2021
£
£


Other debtors
352
-

Called up share capital not paid
10
10

362
10



5.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
8,236
-

8,236
-



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
3,532
-

3,532
-



7.


Related party transactions

Included in other debtors is a balance of £1,809 (2021: £Nil) due from the directors of the Company. There are no terms to interest and it is repayable upon demand.

During the year dividends amounting to £20,000 (2021: £Nil) were paid to the director.

 
Page 5