Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-301falseNo description of principal activity2021-12-011truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01166996 2021-12-01 2022-11-30 01166996 2020-12-01 2021-11-30 01166996 2022-11-30 01166996 2021-11-30 01166996 c:Director1 2021-12-01 2022-11-30 01166996 d:CurrentFinancialInstruments 2022-11-30 01166996 d:CurrentFinancialInstruments 2021-11-30 01166996 d:Non-currentFinancialInstruments 2022-11-30 01166996 d:Non-currentFinancialInstruments 2021-11-30 01166996 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 01166996 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 01166996 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 01166996 d:Non-currentFinancialInstruments d:AfterOneYear 2021-11-30 01166996 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 01166996 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-11-30 01166996 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 01166996 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-11-30 01166996 d:ShareCapital 2022-11-30 01166996 d:ShareCapital 2021-11-30 01166996 d:RetainedEarningsAccumulatedLosses 2022-11-30 01166996 d:RetainedEarningsAccumulatedLosses 2021-11-30 01166996 c:FRS102 2021-12-01 2022-11-30 01166996 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 01166996 c:FullAccounts 2021-12-01 2022-11-30 01166996 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 01166996 2 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Registered number: 01166996










AVARNGATE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2022

 
AVARNGATE LIMITED
REGISTERED NUMBER: 01166996

BALANCE SHEET
AS AT 30 NOVEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
22,574
25,075

Cash at bank and in hand
  
25,243
38,756

  
47,817
63,831

Creditors: amounts falling due within one year
 5 
(34,380)
(38,745)

Net current assets
  
 
 
13,437
 
 
25,086

Total assets less current liabilities
  
13,437
25,086

Creditors: amounts falling due after more than one year
 6 
(25,786)
(35,653)

  

Net liabilities
  
(12,349)
(10,567)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(12,351)
(10,569)

  
(12,349)
(10,567)

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 and delivered 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 Company has opted not to file the profit and loss account or directors report in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
AVARNGATE LIMITED
REGISTERED NUMBER: 01166996
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2022

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




B Brown
Director

Date: 28 November 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
AVARNGATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


General information

This company is a private company limited by share capital and incorporated in England and Wales. The address of the registered office is 14th Floor, 33 Cavendish Square, London W1G 0PW. 

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 based on the continued support of the company's creditors which, in the opinion of the directors, the company has for the foreseeable future.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

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 balance sheet date in the countries where the Company operates and generates income.

 
2.7

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

 
AVARNGATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

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 Profit and loss account.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Debtors

2022
2021
£
£


Other debtors
22,574
25,075


Page 4

 
AVARNGATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
9,869
9,626

Corporation tax
200
127

Other creditors
21,861
24,364

Accruals and deferred income
2,450
4,628

34,380
38,745



6.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
25,786
35,653



7.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
9,869
9,626

Amounts falling due 1-2 years

Bank loans
10,119
19,988

Amounts falling due 2-5 years

Bank loans
15,667
15,667


35,655
45,281


 
Page 5