Caseware UK (AP4) 2022.0.179 2022.0.179 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-02-01falseNo description of principal activity11false 08352423 2022-02-01 2023-01-31 08352423 2021-02-01 2022-01-31 08352423 2023-01-31 08352423 2022-01-31 08352423 c:Director1 2022-02-01 2023-01-31 08352423 d:FurnitureFittings 2022-02-01 2023-01-31 08352423 d:FurnitureFittings 2023-01-31 08352423 d:FurnitureFittings 2022-01-31 08352423 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 08352423 d:FreeholdInvestmentProperty 2023-01-31 08352423 d:FreeholdInvestmentProperty 2022-01-31 08352423 d:CurrentFinancialInstruments 2023-01-31 08352423 d:CurrentFinancialInstruments 2022-01-31 08352423 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 08352423 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 08352423 d:ShareCapital 2023-01-31 08352423 d:ShareCapital 2022-01-31 08352423 d:RetainedEarningsAccumulatedLosses 2023-01-31 08352423 d:RetainedEarningsAccumulatedLosses 2022-01-31 08352423 c:OrdinaryShareClass1 2022-02-01 2023-01-31 08352423 c:OrdinaryShareClass1 2023-01-31 08352423 c:OrdinaryShareClass1 2022-01-31 08352423 c:FRS102 2022-02-01 2023-01-31 08352423 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 08352423 c:FullAccounts 2022-02-01 2023-01-31 08352423 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08352423 2 2022-02-01 2023-01-31 08352423 6 2022-02-01 2023-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08352423










CTH Capital Limited








Unaudited

Financial statements

For the year ended 31 January 2023

 
CTH Capital Limited
Registered number: 08352423

Balance sheet
As at 31 January 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,668
3,557

Investments
 5 
2,325,508
2,145,933

Investment property
  
2,607,182
2,607,182

  
4,935,358
4,756,672

Current assets
  

Debtors: amounts falling due within one year
 7 
1,615,691
31,998

Cash at bank and in hand
 8 
544,005
769,087

  
2,159,696
801,085

Creditors: amounts falling due within one year
 9 
(1,699,948)
(1,541,152)

Net current assets/(liabilities)
  
 
 
459,748
 
 
(740,067)

Total assets less current liabilities
  
5,395,106
4,016,605

  

Net assets
  
5,395,106
4,016,605


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
5,395,006
4,016,505

  
5,395,106
4,016,605


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 year 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 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 16 November 2023.




C Tarancon-Heras
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
CTH Capital Limited
Registered number: 08352423

Balance sheet (continued)
As at 31 January 2023


Page 2

 
CTH Capital Limited
 

 
Notes to the financial statements
For the year ended 31 January 2023

1.


General information

CTH Capital Limited (the 'Company') is a private limited company incorporated and domiciled in England & Wales. The addresss of its registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA.
The principal activity of the Company in the year was 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 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.

 
2.4

Interest income

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

Page 3

 
CTH Capital Limited
 

 
Notes to the financial statements
For the year ended 31 January 2023

2.Accounting policies (continued)

 
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

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:

Fixtures and fittings
-
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.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
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.

Page 4

 
CTH Capital Limited
 

 
Notes to the financial statements
For the year ended 31 January 2023

2.Accounting policies (continued)

 
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

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 1 (2022 - 1).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 February 2022
27,976


Disposals
(23,233)



At 31 January 2023

4,743



Depreciation


At 1 February 2022
24,419


Charge for the year on owned assets
889


Disposals
(23,233)



At 31 January 2023

2,075



Net book value



At 31 January 2023
2,668



At 31 January 2022
3,557

Page 5

 
CTH Capital Limited
 

 
Notes to the financial statements
For the year ended 31 January 2023

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 February 2022
2,145,933


Additions
570,880


Disposals
(391,305)



At 31 January 2023
2,325,508





6.


Investment property


Freehold investment property

£



Valuation


At 1 February 2022
2,607,182



At 31 January 2023
2,607,182

The 2023 valuations were made by the director, on an open market value for existing use basis.








7.


Debtors

2023
2022
£
£


Other debtors
1,207,993
31,998

Tax recoverable
407,698
-

1,615,691
31,998


Page 6

 
CTH Capital Limited
 

 
Notes to the financial statements
For the year ended 31 January 2023

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
544,005
769,087

544,005
769,087



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
495,448
187,645

Other creditors
-
149,007

Accruals and deferred income
1,204,500
1,204,500

1,699,948
1,541,152



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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



11.


Related party transactions

During the year, the company operated a current account with its director, C Tarancon-Heras. During the year, the company loaned £1,357,000 to C Tarancon-Heras. The amount outstanding at the Balance Sheet date was £1,207,993 (2022: £149,007 Creditor) which is included within 'Other debtors'.


12.


Controlling party

The company is under the control of C Tarancon-Heras, the director, who owns 100% of the issued share capital.


Page 7