Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30true2022-12-01falseNo description of principal activity13trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10468604 2022-12-01 2023-11-30 10468604 2021-12-01 2022-11-30 10468604 2023-11-30 10468604 2022-11-30 10468604 c:Director1 2022-12-01 2023-11-30 10468604 d:ComputerEquipment 2022-12-01 2023-11-30 10468604 d:ComputerEquipment 2023-11-30 10468604 d:ComputerEquipment 2022-11-30 10468604 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 10468604 d:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 10468604 d:OtherPropertyPlantEquipment 2023-11-30 10468604 d:OtherPropertyPlantEquipment 2022-11-30 10468604 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 10468604 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 10468604 d:CurrentFinancialInstruments 2023-11-30 10468604 d:CurrentFinancialInstruments 2022-11-30 10468604 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 10468604 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 10468604 d:ShareCapital 2023-11-30 10468604 d:ShareCapital 2022-11-30 10468604 d:RetainedEarningsAccumulatedLosses 2023-11-30 10468604 d:RetainedEarningsAccumulatedLosses 2022-11-30 10468604 c:OrdinaryShareClass1 2022-12-01 2023-11-30 10468604 c:OrdinaryShareClass1 2023-11-30 10468604 c:OrdinaryShareClass1 2022-11-30 10468604 c:FRS102 2022-12-01 2023-11-30 10468604 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10468604 c:FullAccounts 2022-12-01 2023-11-30 10468604 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10468604 6 2022-12-01 2023-11-30 10468604 2 2023-11-30 10468604 2 2022-11-30 10468604 f:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10468604














CORPA LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

 
CORPA LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
CORPA LIMITED
REGISTERED NUMBER:10468604

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,672
4,506

Investments
 5 
-
61,188

  
4,672
65,694

Current assets
  

Stocks
  
-
9,221

Debtors: amounts falling due within one year
 6 
16,266
3,830

Cash at bank and in hand
  
5,413
13,604

  
21,679
26,655

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(195,019)
(218,005)

Net current liabilities
  
 
 
(173,340)
 
 
(191,350)

  

Net liabilities
  
(168,668)
(125,656)


Capital and reserves
  

Called up share capital 
 8 
100,001
100,001

Profit and loss account
  
(268,669)
(225,657)

  
(168,668)
(125,656)


Page 1

 
CORPA LIMITED
REGISTERED NUMBER:10468604
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

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 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 comprehensive income 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 5 March 2024.




F A Amram
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CORPA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

The Company's legal form is that of a limited company incorporated in the United Kingdom. The Company's registered office is First Floor, 85 Great Portland Street, London, W1W 7LT.
The principal activity of the Company is that of the provision of consultancy services and sale of health supplement products.
 

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 Company made a loss for the year and at the balance sheet date has net current liabilities and net liabilities. The Director has obtained assurance from the Shareholders that funds will be made available to the Company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under going concern on this basis. 

 
2.3

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 resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
CORPA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Turnover

Turnover comprises revenue recognised by the Company in respect of services and goods supplied during the year, exclusive of Value Added Tax and trade discounts.
Consultancy income is recognised on provision of the service. 
Revenue is recognised when goods are dispatched. 
 

 
2.5

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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 reporting date in the countries where the Company operates and generates income.

Page 4

 
CORPA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

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%
Other fixed assets
-
20%

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.

 
2.9

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Basic Financial Instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 5

 
CORPA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 3).


4.


Tangible fixed assets





Computer equipment
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 December 2022
4,753
1,930
6,683


Additions
-
1,935
1,935



At 30 November 2023

4,753
3,865
8,618



Depreciation


At 1 December 2022
1,887
290
2,177


Charge for the year on owned assets
1,189
579
1,768



At 30 November 2023

3,076
869
3,945



Net book value



At 30 November 2023
1,677
2,996
4,673



At 30 November 2022
2,866
1,641
4,507

Page 6

 
CORPA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 December 2022
61,188



At 30 November 2023

61,188



Impairment


Charge for the period
61,188



At 30 November 2023

61,188



Net book value



At 30 November 2023
-



At 30 November 2022
61,188

Page 7

 
CORPA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
11,250
-

Other debtors
4,891
3,705

Prepayments and accrued income
125
125

16,266
3,830



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
11,657
44,912

Other taxation and social security
-
297

Other creditors
174,157
163,679

Accruals and deferred income
9,205
9,117

195,019
218,005



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100,001 (2022 - 100,001) Ordinary shares of £1 each
100,001
100,001



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £Nil (2022 - £1,428). Contributions totalling £nil (2022 - £nil) were payable to the fund at the reporting date and are included in creditors.

 
Page 8