Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-03-092falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true0Management of real estate on a fee or contract basisfalse 13965615 2022-03-08 13965615 2022-03-09 2023-03-31 13965615 2021-03-09 2022-03-08 13965615 2023-03-31 13965615 c:Director1 2022-03-09 2023-03-31 13965615 c:Director1 2023-03-31 13965615 c:Director2 2022-03-09 2023-03-31 13965615 c:Director2 2023-03-31 13965615 c:RegisteredOffice 2022-03-09 2023-03-31 13965615 d:ComputerEquipment 2022-03-09 2023-03-31 13965615 d:ComputerEquipment 2023-03-31 13965615 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-09 2023-03-31 13965615 d:CurrentFinancialInstruments 2023-03-31 13965615 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13965615 d:ShareCapital 2023-03-31 13965615 d:RetainedEarningsAccumulatedLosses 2023-03-31 13965615 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 13965615 c:OrdinaryShareClass1 2022-03-09 2023-03-31 13965615 c:OrdinaryShareClass1 2023-03-31 13965615 c:FRS102 2022-03-09 2023-03-31 13965615 c:AuditExempt-NoAccountantsReport 2022-03-09 2023-03-31 13965615 c:FullAccounts 2022-03-09 2023-03-31 13965615 c:PrivateLimitedCompanyLtd 2022-03-09 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13965615









FLAGPOINT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
FLAGPOINT LTD
 
 
COMPANY INFORMATION


Directors
C Brill-Edwards (appointed 9 March 2022)
D Schlegel (appointed 9 March 2022)




Registered number
13965615



Registered office
42 Brook Street

London

W1K 5DB




Accountants
Rawlinson & Hunter LLP
Chartered Accountants

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
FLAGPOINT LTD
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
FLAGPOINT LTD
REGISTERED NUMBER: 13965615

BALANCE SHEET
AS AT 31 MARCH 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
1,577

  
1,577

Current assets
  

Debtors: amounts falling due within one year
 5 
10,743

Cash at bank and in hand
 6 
11,245

  
21,988

Creditors: amounts falling due within one year
 7 
(99,723)

Net current liabilities
  
 
 
(77,735)

Total assets less current liabilities
  
(76,158)

  

Net liabilities
  
(76,158)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(76,258)

  
(76,158)


Page 1

 
FLAGPOINT LTD
REGISTERED NUMBER: 13965615
    
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 period 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 by:




C Brill-Edwards
D Schlegel
Director
Director


Date: 28 November 2023
Date:28 November 2023

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

Page 2

 
FLAGPOINT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Flagpoint Ltd ("the company") is a private company, limited by shares, incorporated in England and Wales with registration number of 13965615. The registered office is 42 Brook Street, London, W1K 5DB.

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

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company expects the continued financial support of the shareholders, who has provided confirmation to provide such financial support as is necessary for the company to meet its liabilities as they fall due and continue in operation for a period of at least twelve months from the date of signing of the financial statements of the company.

 
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.

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:

Computer equipment
-
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.

 
2.4

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 3

 
FLAGPOINT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
1,702



At 31 March 2023

1,702



Depreciation


Charge for the period on owned assets
125



At 31 March 2023

125



Net book value



At 31 March 2023
1,577

Page 4

 
FLAGPOINT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Debtors

2023
£


Other debtors
7,868

Prepayments and accrued income
2,875

10,743



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
11,245



7.


Creditors: Amounts falling due within one year

2023
£

Other creditors
91,048

Accruals and deferred income
8,675

99,723



8.


Financial instruments

2023
£

Financial assets


Financial assets measured at fair value through profit or loss
11,245




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 5

 
FLAGPOINT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

9.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On incorporation on the 9 March 2022, 100 ordinary shares were issued at par.

 
Page 6