Caseware UK (AP4) 2022.0.179 2022.0.179 2022-06-302022-06-30true2022-01-01falseNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11088959 2021-01-01 2021-12-31 11088959 2022-06-30 11088959 2021-12-31 11088959 c:Director1 2022-01-01 2022-06-30 11088959 d:OfficeEquipment 2022-01-01 2022-06-30 11088959 d:OfficeEquipment 2022-06-30 11088959 d:OfficeEquipment 2021-12-31 11088959 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-06-30 11088959 d:CurrentFinancialInstruments 2022-06-30 11088959 d:CurrentFinancialInstruments 2021-12-31 11088959 d:Non-currentFinancialInstruments 2022-06-30 11088959 d:Non-currentFinancialInstruments 2021-12-31 11088959 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 11088959 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11088959 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 11088959 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 11088959 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 11088959 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 11088959 d:ShareCapital 2022-06-30 11088959 d:ShareCapital 2021-12-31 11088959 d:SharePremium 2022-06-30 11088959 d:SharePremium 2021-12-31 11088959 d:RetainedEarningsAccumulatedLosses 2022-06-30 11088959 d:RetainedEarningsAccumulatedLosses 2021-12-31 11088959 c:OrdinaryShareClass1 2022-01-01 2022-06-30 11088959 c:OrdinaryShareClass1 2022-06-30 11088959 c:OrdinaryShareClass1 2021-12-31 11088959 c:FRS102 2022-01-01 2022-06-30 11088959 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-06-30 11088959 c:FullAccounts 2022-01-01 2022-06-30 11088959 c:PrivateLimitedCompanyLtd 2022-01-01 2022-06-30 11088959 4 2022-01-01 2022-06-30 11088959 6 2022-01-01 2022-06-30 11088959 2022-01-01 2022-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11088959


IDEX CAPITAL PARTNERS LIMITED








UNAUDITED

PAGES FOR FILING WITH REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2022

 
IDEX CAPITAL PARTNERS LIMITED
REGISTERED NUMBER: 11088959

BALANCE SHEET
AS AT 30 JUNE 2022

30 June
31 December
2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 5 
4,463
2,833

Investments
 6 
1
24,081

  
4,464
26,914

Current assets
  

Debtors: amounts falling due within one year
 7 
802,949
429,909

Cash at bank and in hand
 8 
108,645
497,864

  
911,594
927,773

Creditors: amounts falling due within one year
 9 
(1,319,183)
(1,138,963)

Net current liabilities
  
 
 
(407,589)
 
 
(211,190)

Total assets less current liabilities
  
(403,125)
(184,276)

Creditors: amounts falling due after more than one year
 10 
(1,423,759)
(1,413,561)

  

Net liabilities
  
(1,826,884)
(1,597,837)


Capital and reserves
  

Called up share capital 
 12 
114
114

Share premium account
  
1,299,979
1,299,979

Profit and loss account
  
(3,126,977)
(2,897,930)

  
(1,826,884)
(1,597,837)


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 period 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.
Page 1

 
IDEX CAPITAL PARTNERS LIMITED
REGISTERED NUMBER: 11088959
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2022


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 1 February 2024.




................................................
Mark Nicholas Loy
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2022

1.


General information

Idex Capital Partners Limited is a limited company by shares, registered in England and Wales.  The company number is 11088959 and has a registered office address of Level 3, 207 Regent Street, London, W1B 3HH.
The principle activity of the business is management consultancy activities.

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

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2022

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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 period in which they are incurred.

 
2.6

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.

 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

Page 4

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2022

2.Accounting policies (continued)

 
2.8

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
-
25%
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.

 
2.9

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 Income and Retained Earnings 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.

 
2.10

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.

 
2.11

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.

 
2.12

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

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2022

2.Accounting policies (continued)

 
2.13

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.

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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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
Page 6

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2022

2.Accounting policies (continued)


2.13
Financial instruments (continued)

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 period was 4 (2021 - 4).


4.


Exceptional items

2022
2021
£
£


Exceptional items
11,604
47,500

11,604
47,500

Page 7

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2022

5.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 January 2022
6,739


Additions
3,970



At 30 June 2022

10,709



Depreciation


At 1 January 2022
3,906


Charge for the period on owned assets
2,340



At 30 June 2022

6,246



Net book value



At 30 June 2022
4,463

Page 8

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2022

6.


Fixed asset investments








Investments in subsidiary companies
Unlisted investments
Other fixed asset investments
Total

£
£
£
£



Cost or valuation


At 1 January 2022
-
78
24,002
24,080


Additions
1
-
-
1


Disposals
-
(78)
(24,002)
(24,080)



At 30 June 2022
1
-
-
1




Page 9

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2022

7.


Debtors

30 June
31 December
2022
2021
£
£


Trade debtors
518,267
225,194

Other debtors
34,035
162,414

Prepayments and accrued income
250,647
42,301

802,949
429,909



8.


Cash and cash equivalents

30 June
31 December
2022
2021
£
£

Cash at bank and in hand
108,645
497,864

108,645
497,864



9.


Creditors: Amounts falling due within one year

30 June
31 December
2022
2021
£
£

Trade creditors
618,691
240,783

Other taxation and social security
249,309
298,956

Other creditors
1,770
9,791

Accruals and deferred income
449,413
589,433

1,319,183
1,138,963


Page 10

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2022

10.


Creditors: Amounts falling due after more than one year

30 June
31 December
2022
2021
£
£

Bank loans
1,377,324
1,378,891

Other creditors
46,435
34,670

1,423,759
1,413,561



11.


Loans


Analysis of the maturity of loans is given below:


30 June
31 December
2022
2021
£
£



Amounts falling due 2-5 years

Bank loans
1,377,324
1,378,891


1,377,324
1,378,891


1,377,324
1,378,891


Page 11

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2022

12.


Share capital

30 June
31 December
2022
2021
£
£
Allotted, called up and fully paid



1,139,054 (2021 - 1,139,100) Ordinary shares of £0.0001 each
114
114



13.


Related party transactions

As at the balance sheet date, the company owed £46,435 (2021 - £34,670) to Mark Loy a director and shareholder of the company.    
The loan is not repayable by a particular date. Interest is charged and accrued for at a rate of 7% + LIBOR. 
The company have taken advantage of the exemption under FRS102 section 33 paragraph 1a and
therefore have not reported the related party transactions or balances of companies within the group.
 


14.


Controlling party

The controlling party during the period was M Loy by way of their majority shareholding.
The group has taken exemption from producting consolodated accounts as it qualify's as small under s383 of the Companies Act 2006.

 
Page 12