Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31Holding company0false2022-09-150truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14359827 2022-09-14 14359827 2022-09-15 2023-03-31 14359827 2021-09-15 2022-09-14 14359827 2023-03-31 14359827 c:Director1 2022-09-15 2023-03-31 14359827 c:Director1 2023-03-31 14359827 c:Director2 2022-09-15 2023-03-31 14359827 c:Director2 2023-03-31 14359827 c:Director3 2022-09-15 2023-03-31 14359827 c:Director3 2023-03-31 14359827 c:RegisteredOffice 2022-09-15 2023-03-31 14359827 d:ShareCapital 2022-09-15 2023-03-31 14359827 d:ShareCapital 2023-03-31 14359827 d:RetainedEarningsAccumulatedLosses 2022-09-15 2023-03-31 14359827 d:RetainedEarningsAccumulatedLosses 2023-03-31 14359827 c:OrdinaryShareClass1 2022-09-15 2023-03-31 14359827 c:OrdinaryShareClass1 2023-03-31 14359827 c:FRS102 2022-09-15 2023-03-31 14359827 c:AuditExemptWithAccountantsReport 2022-09-15 2023-03-31 14359827 c:FullAccounts 2022-09-15 2023-03-31 14359827 c:PrivateLimitedCompanyLtd 2022-09-15 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 14359827











________________________________________________________________________________________


AVENIR REGISTRARS GROUP LTD

________________________________________________________________________________________



UNAUDITED

ANNUAL REPORT

FOR THE PERIOD ENDED 
31 MARCH 2023

 
AVENIR REGISTRARS GROUP LTD
 

CONTENTS



Page
Company Information
 
1
Directors' Report
 
2
Accountants' Report
 
3
Profit and Loss Account
 
4
Balance Sheet
 
5
Statement of Changes in Equity
 
6
Notes to the Financial Statements
 
7 - 9


 
AVENIR REGISTRARS GROUP LTD
 
 
COMPANY INFORMATION


Directors
Rachel Bain
Hardeep Tamana
Stuart Turner




Registered number
14359827



Registered office
5 St Johns Lane

London

EC1M 4BH




Accountants
F. W. Smith, Riches & Co.
Chartered Accountants

15 Whitehall

London

SW1A 2DD




Page 1

 
AVENIR REGISTRARS GROUP LTD
 
 
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 MARCH 2023

The directors present their report and the financial statements for the period ended 31 March 2023.

Directors

The directors who served during the period were:

Rachel Bain (appointed 15 September 2022)
Hardeep Tamana (appointed 15 September 2022)
Stuart Turner (appointed 15 September 2022)

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 21 February 2024 and signed on its behalf.
 





Hardeep Tamana
Director

Page 2

 
AVENIR REGISTRARS GROUP LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AVENIR REGISTRARS GROUP LTD
FOR THE PERIOD ENDED 31 MARCH 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Avenir Registrars Group Ltd for the period ended 31 March 2023 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Avenir Registrars Group Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Avenir Registrars Group Ltd  and state those matters that we have agreed to state to the Board of Directors of Avenir Registrars Group Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Avenir Registrars Group Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Avenir Registrars Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of Avenir Registrars Group Ltd. You consider that Avenir Registrars Group Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Avenir Registrars Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



F. W. Smith, Riches & Co.
Chartered Accountants
15 Whitehall
London
SW1A 2DD
21 February 2024
Page 3

 
AVENIR REGISTRARS GROUP LTD
 
 
PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 31 MARCH 2023

2023
Note
£

  

Dividends received
  
1

Operating profit
  
1

Profit for the financial period
  
1

Page 4

 
AVENIR REGISTRARS GROUP LTD
REGISTERED NUMBER:14359827

BALANCE SHEET
AS AT 31 MARCH 2023

2023
Note
£

Fixed assets
  

Investments
 4 
18

  
18

  

Total assets less current liabilities
  
 
18

  

Net assets
  
18


Capital and reserves
  

Called up share capital 
 5 
17

Profit and loss account
 6 
1

  
18


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 on pages 4 to 9 were approved and authorised for issue by the board and were signed on its behalf on 21 February 2024.




Hardeep Tamana
Director

Page 5

 
AVENIR REGISTRARS GROUP LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period
-
1
1
Total comprehensive income for the period
-
1
1


Contributions by and distributions to owners

Shares issued during the period
17
-
17


Total transactions with owners
17
-
17


At 31 March 2023
17
1
18

Page 6

 
AVENIR REGISTRARS GROUP LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.Accounting policies

 
1.1

Statement of compliance

The Company's principal activity is that of a holding company.
Avenir Registrars Group Ltd is a private company limited by shares and is incorporated and domiciled in England and Wales. The address of its registered office is 5 St Johns Lane, London, EC1M 4BH.
The Company was incorporated on 15 September 2022. The financial statements are for the period from incorporation to 31 March 2023.

  
1.2

Basis of preparation of financial statements

The financial statements have been prepared in accordance with United Kingdom Accounting Standards, including Section 1A 'Small Entities' of Financial Reporting Standard 102, 'the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (“FRS 102”) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The Company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the Company as an individual undertaking and not about its group.
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 2.

  
1.3

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 7

 
AVENIR REGISTRARS GROUP LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.Accounting policies (continued)

  
1.4

Taxation

Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the Profit and Loss Account. Current or deferred taxation assets and liabilities are not discounted.
Current tax
Current tax is the amount of corporation tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.
Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.
Deferred tax
Deferred tax arises from timing differences that are differences between taxable profits and profit on ordinary activities before taxation as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

  
1.5

Related party transactions

The Company discloses transactions with related parties which are not wholly owned within the same group. It does not disclose transactions with members of the same group that are wholly owned. Where appropriate, transactions of a similar nature are aggregated unless, in the opinion of the directors separate disclosure is necessary to understand the effect of the transactions on the Company’s financial statements.

  
1.6

Share capital

Ordinary shares are classified as equity.


2.


Judgements in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements management are required to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from these estimates. Whilst management have made judgements, estimates and assumptions in preparing the financial statements, they consider that these have not had a significant effect on amounts recognised.

Page 8

 
AVENIR REGISTRARS GROUP LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

3.


Employees

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


4.


Fixed asset investments





Shares in group under-takings

£



Cost


Additions
18



At 31 March 2023
18




The investment in group undertakings comprises 1,680 shares of £0.01 each in Avenir Registrars Limited and 1 share of £1 in Avenir Depositary Limited. Both shareholdings comprise 100% of the share capital of each of the subsidiary companies, and both subsidiary companies are incorporated in England and Wales.


5.


Share capital

2023
£
Allotted, called up and fully paid


1,680 Ordinary shares of £0.01 each
17


There is one class of ordinary share. There is no restriction on the distribution of dividends and the repayment of capital.
1 ordinary share of £0.01 was issued on incorporation of the Company and 1,679 shares were issued subsequently in a share-for-share exchange whereby the Company acquired its investment in Avenir Registars Limited.


6.


Reserves

Profit and loss account

The profit and loss account is a wholly distributable reserve.

Page 9