Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30false2022-07-01No description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10244246 2022-07-01 2023-06-30 10244246 2021-07-01 2022-06-30 10244246 2023-06-30 10244246 2022-06-30 10244246 c:Director1 2022-07-01 2023-06-30 10244246 d:FurnitureFittings 2022-07-01 2023-06-30 10244246 d:FurnitureFittings 2023-06-30 10244246 d:FurnitureFittings 2022-06-30 10244246 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10244246 d:ComputerEquipment 2022-07-01 2023-06-30 10244246 d:ComputerEquipment 2023-06-30 10244246 d:ComputerEquipment 2022-06-30 10244246 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10244246 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10244246 d:CurrentFinancialInstruments 2023-06-30 10244246 d:CurrentFinancialInstruments 2022-06-30 10244246 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10244246 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 10244246 d:ShareCapital 2023-06-30 10244246 d:ShareCapital 2022-06-30 10244246 d:RetainedEarningsAccumulatedLosses 2023-06-30 10244246 d:RetainedEarningsAccumulatedLosses 2022-06-30 10244246 c:OrdinaryShareClass1 2022-07-01 2023-06-30 10244246 c:OrdinaryShareClass1 2023-06-30 10244246 c:OrdinaryShareClass1 2022-06-30 10244246 c:FRS102 2022-07-01 2023-06-30 10244246 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10244246 c:FullAccounts 2022-07-01 2023-06-30 10244246 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10244246









CEDAR ST CAPITAL LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
CEDAR ST CAPITAL LTD
REGISTERED NUMBER: 10244246

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
20,531
13,307

  
20,531
13,307

Current assets
  

Debtors: amounts falling due within one year
 5 
9,188,869
12,027,997

Cash at bank and in hand
 6 
1,002,776
8,326

  
10,191,645
12,036,323

Creditors: amounts falling due within one year
 7 
(4,705,375)
(7,206,657)

Net current assets
  
 
 
5,486,270
 
 
4,829,666

Total assets less current liabilities
  
5,506,801
4,842,973

  

Net assets
  
5,506,801
4,842,973


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
5,506,701
4,842,873

  
5,506,801
4,842,973


Page 1

 
CEDAR ST CAPITAL LTD
REGISTERED NUMBER: 10244246
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 year 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 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 by: 




J P Lennon
Director

Date: 11 March 2024

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

Page 2

 
CEDAR ST CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Cedar St Capital Ltd is a private company limited by shares and incorporated in England and Wales (registered number: 10244246). Its registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in pound sterling, which is the functional currency of the Company.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CEDAR ST CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

 
2.5

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:

Fixtures and fittings
-
25%
Straight line method
Computer equipment
-
33%
Straight line method

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.

 
2.6

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.

 
2.7

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.

Page 4

 
CEDAR ST CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2022
17,325
2,566
19,891


Additions
14,445
-
14,445



At 30 June 2023

31,770
2,566
34,336



Depreciation


At 1 July 2022
4,018
2,566
6,584


Charge for the year on owned assets
7,221
-
7,221



At 30 June 2023

11,239
2,566
13,805



Net book value



At 30 June 2023
20,531
-
20,531



At 30 June 2022
13,306
-
13,306

Page 5

 
CEDAR ST CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Other debtors
9,188,869
12,027,997

9,188,869
12,027,997



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,002,776
8,326

1,002,776
8,326



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
214,376
717,995

Other creditors
4,487,999
6,441,662

Accruals and deferred income
3,000
47,000

4,705,375
7,206,657



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 6