Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-312true2023-01-012falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11722365 2023-01-01 2023-12-31 11722365 2022-01-01 2022-12-31 11722365 2023-12-31 11722365 2022-12-31 11722365 c:Director2 2023-01-01 2023-12-31 11722365 d:CurrentFinancialInstruments 2023-12-31 11722365 d:CurrentFinancialInstruments 2022-12-31 11722365 d:Non-currentFinancialInstruments 2023-12-31 11722365 d:Non-currentFinancialInstruments 2022-12-31 11722365 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11722365 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11722365 d:ShareCapital 2023-12-31 11722365 d:ShareCapital 2022-12-31 11722365 d:RetainedEarningsAccumulatedLosses 2023-12-31 11722365 d:RetainedEarningsAccumulatedLosses 2022-12-31 11722365 c:FRS102 2023-01-01 2023-12-31 11722365 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11722365 c:FullAccounts 2023-01-01 2023-12-31 11722365 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11722365 2 2023-01-01 2023-12-31 11722365 6 2023-01-01 2023-12-31 11722365 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11722365










TOWNCOURT INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
TOWNCOURT INVESTMENTS LIMITED
REGISTERED NUMBER: 11722365

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
15
15

  
15
15

Current assets
  

Debtors: amounts falling due after more than one year
 5 
221,574
67,013

Cash at bank and in hand
 6 
238,251
363,410

  
459,825
430,423

Creditors: amounts falling due within one year
 7 
(15,635)
(21,815)

Net current assets
  
 
 
444,190
 
 
408,608

Total assets less current liabilities
  
444,205
408,623

  

Net assets
  
444,205
408,623


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
444,105
408,523

  
444,205
408,623


Page 1

 
TOWNCOURT INVESTMENTS LIMITED
REGISTERED NUMBER: 11722365
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 profit and loss account 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 22 February 2024.




R Gilling
Director

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

Page 2

 
TOWNCOURT INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Towncourt Investments Limited is a private company limited by share capital, incorporated in England and
Wales. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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

Interest income

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

 
2.3

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.

 
2.4

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 Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

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.

 
2.6

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

 
TOWNCOURT INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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 within the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 4

 
TOWNCOURT INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




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


4.


Fixed asset investments





Unlisted investments

£



Cost


At 1 January 2023
15


Additions
6


Disposals
(6)



At 31 December 2023
15





5.


Debtors


Due after more than one year

Other debtors
221,574
67,013


Page 5

 
TOWNCOURT INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
238,251
363,410



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
8,348
14,528

Other creditors
5,924
5,924

Accruals and deferred income
1,363
1,363

15,635
21,815



8.


Related party transactions

Included within other creditors due within one year is £5,915 (2022 - £5,915) due to the director of the
company. This is interest free and repayable on demand.

 
Page 6