Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-301No description of principal activitytrue2022-07-011falsetrue 06691491 2022-07-01 2023-06-30 06691491 2021-07-01 2022-06-30 06691491 2023-06-30 06691491 2022-06-30 06691491 c:Director1 2022-07-01 2023-06-30 06691491 d:OfficeEquipment 2022-07-01 2023-06-30 06691491 d:OfficeEquipment 2023-06-30 06691491 d:OfficeEquipment 2022-06-30 06691491 d:CurrentFinancialInstruments 2023-06-30 06691491 d:CurrentFinancialInstruments 2022-06-30 06691491 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06691491 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 06691491 d:ShareCapital 2023-06-30 06691491 d:ShareCapital 2022-06-30 06691491 d:RetainedEarningsAccumulatedLosses 2023-06-30 06691491 d:RetainedEarningsAccumulatedLosses 2022-06-30 06691491 c:EntityHasNeverTraded 2022-07-01 2023-06-30 06691491 c:FRS102 2022-07-01 2023-06-30 06691491 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 06691491 c:FullAccounts 2022-07-01 2023-06-30 06691491 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 06691491










CLOVERTHINK LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
CLOVERTHINK LTD
REGISTERED NUMBER: 06691491

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 4 
122
123

Cash at bank and in hand
 5 
9,179
14,080

  
9,301
14,203

Creditors: amounts falling due within one year
 6 
(1,480)
(1,324)

Net current assets
  
 
 
7,821
 
 
12,879

Total assets less current liabilities
  
7,822
12,880

  

Net assets
  
7,822
12,880


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
7,820
12,878

  
7,822
12,880


Page 1

 
CLOVERTHINK LTD
REGISTERED NUMBER: 06691491
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

For the year ended 30 June 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 on 6 February 2024.




Ajay Kathrani
Director

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

Page 2

 
CLOVERTHINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Cloverthink Limited is a company domiciled in England and Wales, registration number 06691491. The registered office is 58 Ivy Road, London, NW2 6SX.

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.

 
2.2

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.

 
2.3

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing balance

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

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.

 
2.5

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 3

 
CLOVERTHINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

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.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2022
790



At 30 June 2023

790



Depreciation


At 1 July 2022
789



At 30 June 2023

789



Net book value



At 30 June 2023
1



At 30 June 2022
1

Page 4

 
CLOVERTHINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Debtors

2023
2022
£
£


Other debtors
122
123

122
123



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,179
14,080

9,179
14,080



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
788
630

Corporation tax
26
26

Other creditors
337
339

Accruals and deferred income
329
329

1,480
1,324


 
Page 5