Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-283falsefalse2022-03-01The principal activity of the Company during the year was the provision of actuarial advice to regulators, tax authorities and other public sector bodies.3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08416699 2022-03-01 2023-02-28 08416699 2021-03-01 2022-02-28 08416699 2023-02-28 08416699 2022-02-28 08416699 c:Director1 2022-03-01 2023-02-28 08416699 d:CurrentFinancialInstruments 2023-02-28 08416699 d:CurrentFinancialInstruments 2022-02-28 08416699 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08416699 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 08416699 d:ShareCapital 2023-02-28 08416699 d:ShareCapital 2022-02-28 08416699 d:RetainedEarningsAccumulatedLosses 2023-02-28 08416699 d:RetainedEarningsAccumulatedLosses 2022-02-28 08416699 c:FRS102 2022-03-01 2023-02-28 08416699 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 08416699 c:FullAccounts 2022-03-01 2023-02-28 08416699 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 08416699










ACTUARIAL REGULATORY AND TAX ADVISORS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
ACTUARIAL REGULATORY AND TAX ADVISORS LIMITED
REGISTERED NUMBER: 08416699

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors
 4 
11,696
26,308

Cash at bank and in hand
 5 
38,695
64,403

  
50,391
90,711

Creditors: amounts falling due within one year
 6 
(12,662)
(40,654)

Total assets less current liabilities
  
37,729
50,057

  

Net assets
  
37,729
50,057


Capital and reserves
  

Called up share capital, allotted and fully paid
  
100
100

Profit and loss account
  
37,629
49,957

  
37,729
50,057

Page 1

 
ACTUARIAL REGULATORY AND TAX ADVISORS LIMITED
REGISTERED NUMBER: 08416699
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

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 profit and loss account 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: 




Paul Bispham
Director

Date: 28 November 2023

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

Page 2

 
ACTUARIAL REGULATORY AND TAX ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Actuarial Regulatory And Tax Advisors Limited is a private limited company, incorporated in England and Wales.
The registered office and principal place of business is 57 Connaught Gardens, London, N10 3LG.

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 recognition

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

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.

 
2.4

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.
Page 3

 
ACTUARIAL REGULATORY AND TAX ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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 4

 
ACTUARIAL REGULATORY AND TAX ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
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 average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Debtors

2023
2022
£
£


Trade debtors
-
3,130

Other debtors
7,696
5,466

Prepayments and accrued income
4,000
17,712

11,696
26,308



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
38,695
64,403



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1,162

Amounts owed to group undertakings
5,820
12,777

Accruals and deferred income
6,842
26,715

12,662
40,654


Page 5

 
ACTUARIAL REGULATORY AND TAX ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Related party transactions

During the year, fees due in respect of Directors totalled £8,190 (2022: £8,190).
During the year purchases of £nil (2022: £3,900) were made from KB Management Services Limited, a company in which Kapil Bhargava is the sole director. At the balance sheet date £nil (2022: £nil) was outstanding to KB Management Services Limited.
During the year purchases of £nil (2022: £39,563) were made from Harvey Duckers Consulting Limited, a company in which Harvey Duckers is the sole director. At the balance sheet date £nil (2022: £1,162) was outstanding to Harvey Duckers Consulting Limited. 


8.


Parent company

The company is a wholly owned subsidiary of Bispham Limited, a company incorporated in England and Wales.

 
Page 6