Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3112022-04-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10192940 2022-04-01 2023-03-31 10192940 2021-04-01 2022-03-31 10192940 2023-03-31 10192940 2022-03-31 10192940 c:Director1 2022-04-01 2023-03-31 10192940 d:OfficeEquipment 2022-04-01 2023-03-31 10192940 d:OfficeEquipment 2023-03-31 10192940 d:OfficeEquipment 2022-03-31 10192940 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10192940 d:CurrentFinancialInstruments 2023-03-31 10192940 d:CurrentFinancialInstruments 2022-03-31 10192940 d:CurrentFinancialInstruments 6 2023-03-31 10192940 d:CurrentFinancialInstruments 6 2022-03-31 10192940 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10192940 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10192940 d:ShareCapital 2023-03-31 10192940 d:ShareCapital 2022-03-31 10192940 d:OtherMiscellaneousReserve 2023-03-31 10192940 d:OtherMiscellaneousReserve 2022-03-31 10192940 d:RetainedEarningsAccumulatedLosses 2023-03-31 10192940 d:RetainedEarningsAccumulatedLosses 2022-03-31 10192940 c:OrdinaryShareClass1 2022-04-01 2023-03-31 10192940 c:OrdinaryShareClass1 2023-03-31 10192940 c:OrdinaryShareClass1 2022-03-31 10192940 c:FRS102 2022-04-01 2023-03-31 10192940 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10192940 c:FullAccounts 2022-04-01 2023-03-31 10192940 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10192940 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10192940














HALFDAN ADVISORY SERVICES
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED  31 MARCH 2023

 
HALFDAN ADVISORY SERVICES
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
HALFDAN ADVISORY SERVICES
REGISTERED NUMBER:10192940

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
406
764

Investments
 5 
718,171
801,988

  
718,577
802,752

Current assets
  

Debtors: amounts falling due within one year
 6 
32,042
49,932

Bank and cash balances
  
108,791
68,388

  
140,833
118,320

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(89,653)
(148,284)

Net current assets/(liabilities)
  
 
 
51,180
 
 
(29,964)

  

Net assets
  
769,757
772,788


Capital and reserves
  

Called up share capital 
 9 
1
1

Other reserves
  
(46,570)
37,247

Profit and loss account
  
816,326
735,540

  
769,757
772,788


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 20 November 2023.



H-E Ribberholt
Director
Page 1

 
HALFDAN ADVISORY SERVICES
REGISTERED NUMBER:10192940
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023


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

Page 2

 
HALFDAN ADVISORY SERVICES
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Halfdan Advisory Services is a Company limited by guarantee and was incorporated in England and Wales, with its registered office at 26e Brunswick Gardens, London, United Kingdom, W8 4AL. 
The principal activity of the Company is that of consultancy services.
The financial statements are presented in £ sterling, which is the functional currency of the Company. 

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 measured at the fair value of amounts receivable in respect of goods and services provided in the year, net of trade discounts and excluding value added tax. Revenue from services is recognised when all contractual obligations have been met.
Revenue is recognised when the service is provided.

 
2.3

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%

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.

Page 3

 
HALFDAN ADVISORY SERVICES
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting 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.

 
2.5

Basic 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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

 
2.6

Foreign currency translation

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 the profit and loss account.

 
2.7

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

 
HALFDAN ADVISORY SERVICES
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
HALFDAN ADVISORY SERVICES
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2022
4,170



At 31 March 2023

4,170



Depreciation


At 1 April 2022
3,406


Charge for the year on owned assets
358



At 31 March 2023

3,764



Net book value



At 31 March 2023
406



At 31 March 2022
764


5.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 April 2022
789,388
12,600
801,988


Revaluations
(83,817)
-
(83,817)



At 31 March 2023
705,571
12,600
718,171





6.


Debtors

2023
2022
£
£


Trade debtors
22,327
-

Prepayments and accrued income
9,715
49,932


Page 6

 
HALFDAN ADVISORY SERVICES
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
18,718
19,276

Other creditors
37,925
104,155

Accruals and deferred income
5,016
4,517

Exchange traded derivatives
27,994
20,336

89,653
148,284



8.


Financial instruments

During the year, the Company entered into forward exchange traded derivative contracts. At the year end, the Company had outstanding forward transaction agreeing to buy £27,995 within one year.


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1
1
1



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 independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £40,000 (2022 - £40,000). 

 
Page 7