Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseThe principal activity of the Company during the year was actuarial services.false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07595147 2022-04-01 2023-03-31 07595147 2021-04-01 2022-03-31 07595147 2023-03-31 07595147 2022-03-31 07595147 c:Director1 2022-04-01 2023-03-31 07595147 d:CurrentFinancialInstruments 2023-03-31 07595147 d:CurrentFinancialInstruments 2022-03-31 07595147 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07595147 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07595147 d:ShareCapital 2023-03-31 07595147 d:ShareCapital 2022-03-31 07595147 d:RetainedEarningsAccumulatedLosses 2023-03-31 07595147 d:RetainedEarningsAccumulatedLosses 2022-03-31 07595147 c:FRS102 2022-04-01 2023-03-31 07595147 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07595147 c:FullAccounts 2022-04-01 2023-03-31 07595147 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07595147 d:Subsidiary1 2022-04-01 2023-03-31 07595147 d:Subsidiary1 2021-04-01 2022-03-31 07595147 d:Subsidiary1 2023-03-31 07595147 d:Subsidiary1 2022-03-31 07595147 d:Subsidiary1 2022-04-01 2023-03-31 07595147 2 2022-04-01 2023-03-31 07595147 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 07595147










BISPHAM LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
BISPHAM LIMITED
REGISTERED NUMBER: 07595147

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Investments
 4 
100
100

Current assets
  

Debtors
 5 
5,843
16,029

Cash at bank and in hand
 6 
3,223
39,559

  
9,066
55,588

Creditors: amounts falling due within one year
 7 
(27,625)
(28,613)

Net current (liabilities)/assets
  
 
 
(18,559)
 
 
26,975

Total assets less current liabilities
  
(18,459)
27,075

  

Net (liabilities)/assets
  
(18,459)
27,075


Capital and reserves
  

Called up share capital, allotted and fully paid
  
100
100

Profit and loss account
  
(18,559)
26,975

  
(18,459)
27,075


Page 1

 
BISPHAM LIMITED
REGISTERED NUMBER: 07595147
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 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: 




Paul Andrew Bispham
Director

Date: 28 November 2023

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

Page 2

 
BISPHAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Bispham 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

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 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

 
BISPHAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Interest income

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

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
BISPHAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

 
2.10

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 2 (2022 - 2).

Page 5

 
BISPHAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
100



At 31 March 2023
100





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
5,820
16,013

Other debtors
23
16

5,843
16,029



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,223
39,559



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
7,865
9,213

Other creditors
360
-

Accruals and deferred income
19,400
19,400

27,625
28,613


Page 6

 
BISPHAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Related party transactions

During the year, sales of £6,539 (2022: £24,629) were made to Actuarial Regulatory and Tax Advisors Limited, a wholly owned subsidiary. Expenses of £585 (2022: £714) were also recharged to Actuarial Regulatory and Tax Advisors Limited by the Company. At the balance sheet date the debtor outstanding from Actuarial Regulatory and Tax Advisors Limited was £5,820 (2022: £16,013).

 
Page 7