Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3122023-01-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11059012 2023-01-01 2023-12-31 11059012 2022-01-01 2022-12-31 11059012 2023-12-31 11059012 2022-12-31 11059012 c:Director1 2023-01-01 2023-12-31 11059012 d:PlantMachinery 2023-01-01 2023-12-31 11059012 d:MotorVehicles 2023-01-01 2023-12-31 11059012 d:MotorVehicles 2023-12-31 11059012 d:MotorVehicles 2022-12-31 11059012 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11059012 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 11059012 d:FurnitureFittings 2023-01-01 2023-12-31 11059012 d:FurnitureFittings 2023-12-31 11059012 d:FurnitureFittings 2022-12-31 11059012 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11059012 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 11059012 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11059012 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 11059012 d:CurrentFinancialInstruments 2023-12-31 11059012 d:CurrentFinancialInstruments 2022-12-31 11059012 d:Non-currentFinancialInstruments 2023-12-31 11059012 d:Non-currentFinancialInstruments 2022-12-31 11059012 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11059012 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11059012 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11059012 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11059012 d:ShareCapital 2023-12-31 11059012 d:ShareCapital 2022-12-31 11059012 d:RetainedEarningsAccumulatedLosses 2023-12-31 11059012 d:RetainedEarningsAccumulatedLosses 2022-12-31 11059012 c:FRS102 2023-01-01 2023-12-31 11059012 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11059012 c:FullAccounts 2023-01-01 2023-12-31 11059012 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11059012 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 11059012 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 11059012 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 11059012 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 11059012 6 2023-01-01 2023-12-31 11059012 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 11059012 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 11059012 d:LeasedAssetsHeldAsLessee 2023-12-31 11059012 d:LeasedAssetsHeldAsLessee 2022-12-31 11059012 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11059012










ANATIDAE CAPITAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ANATIDAE CAPITAL LIMITED
REGISTERED NUMBER:11059012

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
25,939
183

Investments
 5 
1
1

  
25,940
184

Current assets
  

Debtors: amounts falling due within one year
 6 
790
150

Cash at bank and in hand
  
371,169
505,036

  
371,959
505,186

Creditors: amounts falling due within one year
 7 
(24,261)
(51,766)

Net current assets
  
 
 
347,698
 
 
453,420

Total assets less current liabilities
  
373,638
453,604

Creditors: amounts falling due after more than one year
 8 
(23,513)
-

Provisions for liabilities
  

Deferred tax
  
(6,485)
(46)

  
 
 
(6,485)
 
 
(46)

Net assets
  
343,640
453,558


Capital and reserves
  

Called up share capital 
  
1,200
1,200

Profit and loss account
  
342,440
452,358

  
343,640
453,558


Page 1

 
ANATIDAE CAPITAL LIMITED
REGISTERED NUMBER:11059012
    
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 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 income statement 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: 




................................................
D C W Swan
Director

Date: 8 April 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ANATIDAE CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Anatidae Capital Limited is a private company limited by shares and incorporated in England and Wales, registration number 11059012. The registered office is South Newington House, South Newington, Banbury, United kingdom, OX15 4JW.

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 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

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.

Page 3

 
ANATIDAE CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

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 reporting 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.

 
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.

Page 4

 
ANATIDAE CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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:

Plant and machinery
-
25%
straight line
Motor vehicles
-
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.

 
2.7

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 reporting date. Gains and losses on remeasurement are recognised in the Income Statement 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 reporting 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.

Page 5

 
ANATIDAE CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

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.

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 6

 
ANATIDAE CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

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

2023
2022
£
£

Wages and salaries
22,361
20,621

Social security costs
519
160

Cost of defined contribution scheme
100,000
70,000

122,880
90,781


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


        2023
        2022
            No.
            No.







2
2

Page 7

 
ANATIDAE CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2023
-
1,571
1,571


Additions
34,585
-
34,585



At 31 December 2023

34,585
1,571
36,156



Depreciation


At 1 January 2023
-
1,388
1,388


Charge for the year on owned assets
-
183
183


Charge for the year on financed assets
8,646
-
8,646



At 31 December 2023

8,646
1,571
10,217



Net book value



At 31 December 2023
25,939
-
25,939



At 31 December 2022
-
183
183

Page 8

 
ANATIDAE CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
25,939
-

25,939
-


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1



At 31 December 2023
1





6.


Debtors

2023
2022
£
£


Prepayments and accrued income
790
150

790
150


Page 9

 
ANATIDAE CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
13,812
44,263

Other taxation and social security
2,316
4,065

Obligations under finance lease and hire purchase contracts
4,351
-

Other creditors
2,457
2,188

Accruals and deferred income
1,325
1,250

24,261
51,766



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
23,513
-

23,513
-



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
4,350
-

Between 1-5 years
23,513
-

27,863
-

 
Page 10