Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11493687 2023-01-01 2023-12-31 11493687 2022-01-01 2022-12-31 11493687 2023-12-31 11493687 2022-12-31 11493687 c:Director1 2023-01-01 2023-12-31 11493687 d:OfficeEquipment 2023-01-01 2023-12-31 11493687 d:OfficeEquipment 2023-12-31 11493687 d:OfficeEquipment 2022-12-31 11493687 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11493687 d:CurrentFinancialInstruments 2023-12-31 11493687 d:CurrentFinancialInstruments 2022-12-31 11493687 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11493687 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11493687 d:ShareCapital 2023-12-31 11493687 d:ShareCapital 2022-12-31 11493687 d:RetainedEarningsAccumulatedLosses 2023-12-31 11493687 d:RetainedEarningsAccumulatedLosses 2022-12-31 11493687 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11493687 c:OrdinaryShareClass1 2023-12-31 11493687 c:OrdinaryShareClass1 2022-12-31 11493687 c:FRS102 2023-01-01 2023-12-31 11493687 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11493687 c:FullAccounts 2023-01-01 2023-12-31 11493687 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11493687 6 2023-01-01 2023-12-31 11493687 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11493687










SECKER CAPITAL LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
SECKER CAPITAL LTD
REGISTERED NUMBER: 11493687

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
4,988

Investments
 5 
800
800

  
800
5,788

Current assets
  

Debtors: amounts falling due within one year
 6 
2,333,571
1,000,045

Bank and cash balances
  
1,566,984
4,471,093

  
3,900,555
5,471,138

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(3,976,173)
(6,122,177)

Net current liabilities
  
 
 
(75,618)
 
 
(651,039)

Total assets less current liabilities
  
(74,818)
(645,251)

  

Net liabilities
  
(74,818)
(645,251)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(74,918)
(645,351)

  
(74,818)
(645,251)


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 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.

Page 1

 
SECKER CAPITAL LTD
REGISTERED NUMBER: 11493687

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

A J Secker
Director

Date: 2 April 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SECKER CAPITAL LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Secker Capital Ltd is a private company limited by shares and incorporated in England & Wales. The address of its registered office is Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

As shown by the financial statements the liabilities of the company exceed its assets and the company meets its day to day working capital requirements through financial support from the director. The loan from the director to the company will not be called in until the company has sufficient funds to repay the loan. On this basis, the director considers it appropriate to prepare the financial statements on the going concern 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.

 
2.4

Investment income

Income from investment activities comprises of dividends received from short term investments and net profit from sale of short term investments, both of which are recognised as they arise.

 
2.5

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.

Page 3

 
SECKER CAPITAL LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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:

Office equipment
-
33%

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 subsidiaries are measured at cost less accumulated impairment.

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 comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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

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.

 
2.10

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.

 
2.11

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.

Page 4

 
SECKER CAPITAL LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

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.


3.


Employees

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


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
47,865



At 31 December 2023

47,865



Depreciation


At 1 January 2023
42,877


Charge for the year on owned assets
4,988



At 31 December 2023

47,865



Net book value



At 31 December 2023
-



At 31 December 2022
4,988

Page 5

 
SECKER CAPITAL LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
800



At 31 December 2023
800





6.


Debtors

2023
2022
£
£


Other debtors
2,249,500
1,000,000

Prepayments and accrued income
84,071
45

2,333,571
1,000,045



7.


Creditors: amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
-
44,000

Other creditors
3,973,319
6,074,613

Accruals and deferred income
2,854
3,564

3,976,173
6,122,177



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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


Page 6

 
SECKER CAPITAL LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Related party transactions

At the balance sheet date the company owed the director £3,973,319 (2022: £6,074,613). A non-interest bearing loan, which has no set repayment date.
At the balance sheet date the company was owed £2,249,500 (2022: £1,000,000) by a company controlled by close relations of the director. Interest of £124,250 was charged on this loan (2022: £47,565).
The company has a 80% shareholding in 90Mile Trading Limited. During the year Secker Capital Limited incurred software development costs totalling £84,000 from 90Mile Trading Limited (2022: 84,000). At the balance sheet date the company owed 90Mile Trading Limited £nil (2022: £44,000).


Page 7