Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31false2022-08-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09680792 2022-08-01 2023-07-31 09680792 2021-08-01 2022-07-31 09680792 2023-07-31 09680792 2022-07-31 09680792 c:Director1 2022-08-01 2023-07-31 09680792 d:FurnitureFittings 2022-08-01 2023-07-31 09680792 d:FurnitureFittings 2023-07-31 09680792 d:FurnitureFittings 2022-07-31 09680792 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09680792 d:ComputerEquipment 2022-08-01 2023-07-31 09680792 d:ComputerEquipment 2023-07-31 09680792 d:ComputerEquipment 2022-07-31 09680792 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09680792 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09680792 d:CurrentFinancialInstruments 2023-07-31 09680792 d:CurrentFinancialInstruments 2022-07-31 09680792 d:Non-currentFinancialInstruments 2023-07-31 09680792 d:Non-currentFinancialInstruments 2022-07-31 09680792 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 09680792 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 09680792 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 09680792 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 09680792 d:ShareCapital 2023-07-31 09680792 d:ShareCapital 2022-07-31 09680792 d:RetainedEarningsAccumulatedLosses 2023-07-31 09680792 d:RetainedEarningsAccumulatedLosses 2022-07-31 09680792 c:FRS102 2022-08-01 2023-07-31 09680792 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09680792 c:FullAccounts 2022-08-01 2023-07-31 09680792 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09680792 2 2022-08-01 2023-07-31 09680792 6 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 09680792









FULL EAGLE MANAGEMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
FULL EAGLE MANAGEMENT LTD
REGISTERED NUMBER: 09680792

BALANCE SHEET
AS AT 31 JULY 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
1,840
2,632

Investments
 5 
27,014
27,014

  
28,854
29,646

Current assets
  

Debtors: amounts falling due within one year
 6 
13,250
13,250

Cash at bank and in hand
 7 
4,479
9,347

  
17,729
22,597

Creditors: amounts falling due within one year
 8 
(9,767)
(10,717)

Net current assets
  
 
 
7,962
 
 
11,880

Total assets less current liabilities
  
36,816
41,526

Creditors: amounts falling due after more than one year
 9 
(1,221)
(5,000)

  

Net assets
  
35,595
36,526


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
35,495
36,426

  
35,595
36,526


Page 1

 
FULL EAGLE MANAGEMENT LTD
REGISTERED NUMBER: 09680792
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 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 by: 




H Laroussi
Director

Date: 23 April 2024

Page 2

 
FULL EAGLE MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Full Eagle Management Ltd is a private company limited by shares. The company is incorporated in England and Wales and the address of the registered office is Aston House, Cornwall Avenue, London, N3 1LF. 

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:

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.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
FULL EAGLE MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

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.

 
2.8

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.

 
2.9

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.

 
2.10

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

 
FULL EAGLE MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

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

Page 5

 
FULL EAGLE MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Fixtures & fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 August 2022
560
3,433
3,993



At 31 July 2023

560
3,433
3,993



Depreciation


At 1 August 2022
23
1,338
1,361


Charge for the year on owned assets
268
524
792



At 31 July 2023

291
1,862
2,153



Net book value



At 31 July 2023
269
1,571
1,840



At 31 July 2022
537
2,095
2,632


5.


Fixed asset investments





Investments in associates
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 August 2022
17,014
10,000
27,014



At 31 July 2023
17,014
10,000
27,014




Page 6

 
FULL EAGLE MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Debtors

2023
2022
£
£


Other debtors
13,250
13,250



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,479
9,347



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
521
1,459

Corporation tax
-
1,334

Other creditors
5,811
4,114

Accruals and deferred income
3,435
3,810

9,767
10,717



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
1,221
5,000


 
Page 7