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Registered number: 08247878










BLACHER LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




















 
BLACHER LIMITED
 
 
Company Information


Directors
Mr Perry Blacher 
Mrs Tanya Blacher 
Mr Niels Bryan-Low 
Mr Simon Veingard 




Registered number
08247878



Registered office
3rd Floor
12 Gough Square

London

EC4A 3DW





 
BLACHER LIMITED
Registered number: 08247878

Balance sheet
As at 31 October 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
21,565
25,748

Investments
 5 
466,000
-

  
487,565
25,748

Current assets
  

Debtors: amounts falling due within one year
 6 
265,495
115,855

Cash at bank and in hand
  
150,106
778,983

  
415,601
894,838

Creditors: amounts falling due within one year
 7 
(75,367)
(243,318)

Net current assets
  
 
 
340,234
 
 
651,520

Total assets less current liabilities
  
827,799
677,268

  

Net assets
  
827,799
677,268


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
826,799
676,268

  
827,799
677,268


Page 1

 
BLACHER LIMITED
Registered number: 08247878
    
Balance sheet (continued)
As at 31 October 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 12 March 2024.




Mr Perry Blacher
Director

The notes on pages 5 to 11 form part of these financial statements.

Page 2

 
BLACHER LIMITED
 

Statement of changes in equity
For the Year Ended 31 October 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 November 2022
1,000
676,268
677,268


Comprehensive income for the year

Profit for the year
-
150,531
150,531
Total comprehensive income for the year
-
150,531
150,531


Total transactions with owners
-
-
-


At 31 October 2023
1,000
826,799
827,799


The notes on pages 5 to 11 form part of these financial statements.

Page 3

 
BLACHER LIMITED
 

Statement of changes in equity
For the Year Ended 31 October 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 November 2021
1,000
22,293
23,293


Comprehensive income for the year

Profit for the year
-
691,475
691,475
Total comprehensive income for the year
-
691,475
691,475


Contributions by and distributions to owners

Dividends: Equity capital
-
(37,500)
(37,500)


Total transactions with owners
-
(37,500)
(37,500)


At 31 October 2022
1,000
676,268
677,268


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
BLACHER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2023

1.


General information

Blacher Limited is a private limited company, incorporated in the United Kingdom and registered in England and Wales. The Company's registered office address is 3rd Floor, 12 Gough Square, London, EC4A 3DW. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.3

Interest income

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

Page 5

 
BLACHER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2023

2.Accounting policies (continued)

 
2.4

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 6

 
BLACHER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2023

2.Accounting policies (continued)

 
2.6

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:

Property Improvements
-
Depreciated over 5 years
Office equipment
-
Depreciated over 3 years
Equipment
-
Depreciated over 3 years

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.

 
2.7

Valuation of investments

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

 
2.8

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.

 
2.9

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 7

 
BLACHER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2023

2.Accounting policies (continued)

 
2.10

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.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
4
4


4.


Tangible fixed assets





Property Improve-ments
Equipment
Total

£
£
£



Cost or valuation


At 1 November 2022
20,000
9,200
29,200


Additions
-
3,372
3,372



At 31 October 2023

20,000
12,572
32,572



Depreciation


At 1 November 2022
361
3,091
3,452


Charge for the year on owned assets
4,000
3,555
7,555



At 31 October 2023

4,361
6,646
11,007



Net book value



At 31 October 2023
15,639
5,926
21,565



At 31 October 2022
19,639
6,109
25,748

Page 8

 
BLACHER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2023

5.


Fixed asset investments





Other investments

£





Additions
466,000




At the balance sheet date the company had a capital commitment for an additional drawdown amount of £100,000. 

Page 9

 
BLACHER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2023

6.


Debtors

2023
2022
£
£


Trade debtors
10,672
7,424

Other debtors
200,140
100,198

Prepayments and accrued income
54,683
8,233

265,495
115,855



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
7,368
407

Corporation tax
45,570
231,419

Other taxation and social security
13,929
6,602

Other creditors
4,000
1,000

Accruals and deferred income
4,500
3,890

75,367
243,318



8.


Share capital

2023
2022
£
£
Allotted, called up and unpaid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



9.


Commitments under operating leases

At 31 October 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
8,322
-

Later than 1 year and not later than 5 years
15,256
-

23,578
-

Page 10

 
BLACHER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2023

10.


Related party transactions

At the balance sheet date the director owed the company £Nil (2022: £31,024). The amount is interest free and repayable on demand. 
During the year the directors received no dividends (2022: £37,500). A dividend has been declared post year end of £37,500. 

 
Page 11