Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1No description of principal activity2022-02-011falsefalsetrue 11763337 2022-02-01 2023-01-31 11763337 2021-02-01 2022-01-31 11763337 2023-01-31 11763337 2022-01-31 11763337 c:Director1 2022-02-01 2023-01-31 11763337 d:CurrentFinancialInstruments 2023-01-31 11763337 d:CurrentFinancialInstruments 2022-01-31 11763337 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11763337 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 11763337 d:ShareCapital 2023-01-31 11763337 d:ShareCapital 2022-01-31 11763337 d:RetainedEarningsAccumulatedLosses 2023-01-31 11763337 d:RetainedEarningsAccumulatedLosses 2022-01-31 11763337 c:FRS102 2022-02-01 2023-01-31 11763337 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 11763337 c:FullAccounts 2022-02-01 2023-01-31 11763337 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 11763337










INTEGRIUM ADVISORS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
INTEGRIUM ADVISORS LIMITED
REGISTERED NUMBER: 11763337

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
235,218
1,472,920

Cash at bank and in hand
  
1,929,307
2,278,735

  
2,164,525
3,751,655

Creditors: amounts falling due within one year
 5 
(2,002,368)
(3,658,854)

Net current assets
  
 
 
162,157
 
 
92,801

Total assets less current liabilities
  
162,157
92,801

  

Net assets
  
162,157
92,801


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
162,147
92,791

  
162,157
92,801


Page 1

 
INTEGRIUM ADVISORS LIMITED
REGISTERED NUMBER: 11763337
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 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 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 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: 






A J Longmate
Director

Date: 19 November 2023

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

Page 2

 
INTEGRIUM ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Integrium Advisors Limited (registered number 11763337) is private company limited by shares and incorporated in England and Wales. Its registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

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.

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 Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
INTEGRIUM ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
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

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.

 
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.

Page 4

 
INTEGRIUM ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
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.


3.


Employees

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

Page 5

 
INTEGRIUM ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Debtors

2023
2022
£
£


Other debtors
-
1,436,000

Prepayments and accrued income
235,218
36,920

235,218
1,472,920



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
38,000
91,918

Amounts owed to other participating interests
1,841,322
3,236,394

Corporation tax
16,269
26,692

Other taxation and social security
43,599
226,172

Other creditors
178
178

Accruals and deferred income
63,000
77,500

2,002,368
3,658,854



6.


Related party transactions

On 11 May 2021 the loan notes issued by the Company totalling £2,463,434 were redeemed in full on behalf of the Company by Integrial Unlimited, a company registered in Jersey. A J Longmate, the Director of Integrium Advisors Limited, is also the sole shareholder of Integrial Holdings Limited which in turn holds 100% of the share capital of Integrial Unlimited and therefore Integrial Unlimited is considered to be a related party. As a result of the redemption of the loan notes and other activity in the period, the Company owes Integrial Unlimited £1,841,322 at year end (2022: £3,236,394). The loan is interest-free and repayable on demand and is included within Amounts owed to other participating interests in creditors.

 
Page 6