Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-300falseConsultancyThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true02022-04-20false 14056598 2022-04-19 14056598 2022-04-20 2023-04-30 14056598 2021-04-20 2022-04-19 14056598 2023-04-30 14056598 c:Director1 2022-04-20 2023-04-30 14056598 d:FurnitureFittings 2022-04-20 2023-04-30 14056598 d:FurnitureFittings 2023-04-30 14056598 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-20 2023-04-30 14056598 d:CurrentFinancialInstruments 2023-04-30 14056598 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14056598 d:ShareCapital 2023-04-30 14056598 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-30 14056598 c:OrdinaryShareClass1 2022-04-20 2023-04-30 14056598 c:OrdinaryShareClass1 2023-04-30 14056598 c:FRS102 2022-04-20 2023-04-30 14056598 c:AuditExempt-NoAccountantsReport 2022-04-20 2023-04-30 14056598 c:FullAccounts 2022-04-20 2023-04-30 14056598 c:PrivateLimitedCompanyLtd 2022-04-20 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14056598









CPF MANAGEMENT SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2023

 
CPF MANAGEMENT SERVICES LIMITED
REGISTERED NUMBER: 14056598

BALANCE SHEET
AS AT 30 APRIL 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
900

  
900

Current assets
  

Debtors: amounts falling due within one year
 5 
366

Cash at bank and in hand
 6 
28,051

  
28,417

Creditors: amounts falling due within one year
 7 
(29,217)

Net current (liabilities)/assets
  
 
 
(800)

Total assets less current liabilities
  
100

  

Net assets
  
100


Capital and reserves
  

Called up share capital 
  
100

  
100


Page 1

 
CPF MANAGEMENT SERVICES LIMITED
REGISTERED NUMBER: 14056598
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 on 20 October 2023.




................................................
Christopher Fraser
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CPF MANAGEMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

1.


General information

CPF Management Services Limited is a private company incorporated in England and Wales, limited by its share capital.  The Company was incorporated on 20 April 2022 and began trading on that date.  The principal activity of the Company throughout the period was the provision of consultancy services.

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

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.

 
2.3

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 balance sheet date in the countries where the Company operates and generates income.

 
2.4

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 3

 
CPF MANAGEMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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:

Fixtures and fittings
-
25%
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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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 Company has no employees other than the directors, who did not receive any remuneration.

Page 4

 
CPF MANAGEMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
1,200



At 30 April 2023

1,200



Depreciation


Charge for the period on owned assets
300



At 30 April 2023

300



Net book value



At 30 April 2023
900


5.


Debtors

2023
£


Prepayments and accrued income
366

366



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
28,051

28,051


Page 5

 
CPF MANAGEMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

7.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
5,645

Other creditors
23,572

29,217



8.


Financial instruments

2023
£

Financial assets


Financial assets measured at fair value through profit or loss
28,051




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


9.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


Upon incorporation 100 ordinary shares were issued at par.


10.


Controlling party

The Company is controlled by the Director, Christopher Fraser, by virtue of his shareholding as described in the Director's report.

 
Page 6