Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31112023-01-01falseNo description of principal activity12truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09205707 2023-01-01 2023-12-31 09205707 2022-01-01 2022-12-31 09205707 2023-12-31 09205707 2022-12-31 09205707 c:Director1 2023-01-01 2023-12-31 09205707 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 09205707 d:Buildings d:ShortLeaseholdAssets 2023-12-31 09205707 d:Buildings d:ShortLeaseholdAssets 2022-12-31 09205707 d:OfficeEquipment 2023-01-01 2023-12-31 09205707 d:OfficeEquipment 2023-12-31 09205707 d:OfficeEquipment 2022-12-31 09205707 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09205707 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09205707 d:CurrentFinancialInstruments 2023-12-31 09205707 d:CurrentFinancialInstruments 2022-12-31 09205707 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09205707 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09205707 d:ShareCapital 2023-12-31 09205707 d:ShareCapital 2022-12-31 09205707 d:RetainedEarningsAccumulatedLosses 2023-12-31 09205707 d:RetainedEarningsAccumulatedLosses 2022-12-31 09205707 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09205707 c:OrdinaryShareClass1 2023-12-31 09205707 c:OrdinaryShareClass1 2022-12-31 09205707 c:FRS102 2023-01-01 2023-12-31 09205707 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09205707 c:FullAccounts 2023-01-01 2023-12-31 09205707 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09205707 d:WithinOneYear 2023-12-31 09205707 d:WithinOneYear 2022-12-31 09205707 d:BetweenOneFiveYears 2023-12-31 09205707 d:BetweenOneFiveYears 2022-12-31 09205707 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 09205707 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 09205707 d:OtherDeferredTax 2023-12-31 09205707 d:OtherDeferredTax 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09205707









ACTIVUM SG UK ADVISORS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ACTIVUM SG UK ADVISORS LIMITED
REGISTERED NUMBER: 09205707

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
26,273
47,167

  
26,273
47,167

Current assets
  

Debtors: amounts falling due within one year
 5 
626,741
1,020,564

Cash at bank and in hand
 6 
312,384
389,776

  
939,125
1,410,340

Creditors: amounts falling due within one year
 7 
(699,612)
(1,231,691)

Net current assets
  
 
 
239,513
 
 
178,649

Total assets less current liabilities
  
265,786
225,816

Provisions for liabilities
  

Deferred tax
 8 
(1,468)
(6,608)

  
 
 
(1,468)
 
 
(6,608)

Net assets
  
264,318
219,208


Capital and reserves
  

Called up share capital 
 9 
50,200
50,200

Profit and loss account
  
214,118
169,008

  
264,318
219,208

Page 1

 
ACTIVUM SG UK ADVISORS LIMITED
REGISTERED NUMBER: 09205707
    
STATEMENT OF FINANCIAL POSITION (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 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 22 April 2024.


S Goldstein
Director

Page 2

 
ACTIVUM SG UK ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Activum SG UK Advisors Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is Regina House, 124 Finchley Road, London, NW3 5JS. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention 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.

 
2.2

Revenue

Revenue is measured at the fair value of the consideration received or receivable. Revenue from the provision of management consultancy services is recognised at the point the service is provided. 

 
2.3

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:

Short-term leasehold property
-
20%
straight line
Furniture and office equipment
-
33%
straight line

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.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any 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

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.

Page 3

 
ACTIVUM SG UK ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

 
2.8

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the profit and loss account.

 
2.9

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.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

 
2.11

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 statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
ACTIVUM SG UK ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting 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 statement of financial position 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 reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2022 - 11).

Page 5

 
ACTIVUM SG UK ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Short-term leasehold property
Furniture and office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
6,715
148,417
155,132


Additions
-
3,496
3,496



At 31 December 2023

6,715
151,913
158,628



Depreciation


At 1 January 2023
4,099
103,866
107,965


Charge for the year on owned assets
1,343
23,047
24,390



At 31 December 2023

5,442
126,913
132,355



Net book value



At 31 December 2023
1,273
25,000
26,273



At 31 December 2022
2,616
44,551
47,167


5.


Debtors

2023
2022
£
£


Trade debtors
448,241
871,320

Other debtors
96,368
110,360

Prepayments
82,132
38,884

626,741
1,020,564



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
312,384
389,776

312,384
389,776


Page 6

 
ACTIVUM SG UK ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
24,588
120,624

Corporation tax
5,868
29,638

Other taxation and social security
601,959
956,786

Other creditors
9,068
124,643

Accruals and deferred income
58,129
-

699,612
1,231,691



8.


Deferred taxation




2023


£






At 1 January 2023
(6,608)


Charged to profit or loss
5,140



At end of year
(1,468)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(1,656)
(6,915)

Short term timing differences
188
307

(1,468)
(6,608)


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50,200 (2022 - 50,200) Ordinary shares of £1.00 each
50,200
50,200


Page 7

 
ACTIVUM SG UK ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £14,654 (2022 - £13,201). Contributions totalling £2,642 (2022 - £2,379) were payable to the fund at the reporting date and are included in creditors.


11.


Commitments under operating leases

At 31 December 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
111,600
111,600

Later than 1 year and not later than 5 years
-
111,600


12.


Controlling party

The company is jointly controlled by East Hampton Partners Limited, a company registered in England and Fido Holding GmbH, a company registered in Germany. 


13.


Related party transactions

During the year the company charged fees and expenses amounting to £4,254,952 (2022: £4,654,954) to Activum SG Capital Management Limited, a subsidary of East Hampton Partners Limited. At the reporting date £448,241 (2022: £871,320) was outstanding from Activum SG Capital Management Limited and £nil (2022: £nil) was owed to Activum SG Capital Management Limited.

 
Page 8