Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31trueNo description of principal activitytruetrue2022-04-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11241674 2022-04-01 2023-03-31 11241674 2021-04-01 2022-03-31 11241674 2023-03-31 11241674 2022-03-31 11241674 c:CompanySecretary1 2022-04-01 2023-03-31 11241674 c:Director1 2022-04-01 2023-03-31 11241674 c:Director2 2022-04-01 2023-03-31 11241674 c:RegisteredOffice 2022-04-01 2023-03-31 11241674 d:CurrentFinancialInstruments 2023-03-31 11241674 d:CurrentFinancialInstruments 2022-03-31 11241674 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11241674 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11241674 d:ShareCapital 2023-03-31 11241674 d:ShareCapital 2022-03-31 11241674 d:RetainedEarningsAccumulatedLosses 2023-03-31 11241674 d:RetainedEarningsAccumulatedLosses 2022-03-31 11241674 c:OrdinaryShareClass1 2022-04-01 2023-03-31 11241674 c:OrdinaryShareClass1 2023-03-31 11241674 c:OrdinaryShareClass1 2022-03-31 11241674 c:FRS102 2022-04-01 2023-03-31 11241674 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11241674 c:FullAccounts 2022-04-01 2023-03-31 11241674 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11241674 2 2022-04-01 2023-03-31 11241674 6 2022-04-01 2023-03-31 11241674 2 2023-03-31 11241674 2 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 11241674












COALESCENCE CAPITAL UK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 

COALESCENCE CAPITAL UK LTD

CONTENTS



Page
Company information
 
1
Balance sheet
 
2
Notes to the financial statements
 
3 - 6


 

COALESCENCE CAPITAL UK LTD
 
COMPANY INFORMATION


Directors
A Jain 
H W J Llewelyn 




Company secretary
Newcore Capital Management LLP



Registered number
11241674



Registered office
16 Great Queen Street
Covent Garden

London

WC2B 5AH




Accountants
Blick Rothenberg Limited
Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:11241674
COALESCENCE CAPITAL UK LTD

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,186,828
1,151,795

Current assets
  

Debtors: amounts falling due within one year
 5 
3,341
3,331

Cash at bank
  
48,395
52,795

  
51,736
56,126

Creditors: amounts falling due within one year
 6 
(1,214,391)
(1,228,203)

Net current liabilities
  
 
 
(1,162,655)
 
 
(1,172,077)

  

Net assets/(liabilities)
  
24,173
(20,282)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
24,172
(20,283)

Total equity/(deficit)
  
24,173
(20,282)


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 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 by: 




H W J Llewelyn
Director

Date: 31 December 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 

COALESCENCE CAPITAL UK LTD

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

1.


General information

Coalescence Capital UK Ltd is a private company limited by shares and registered in England and Wales. The company's registered number 11241674 and the company's registered office is 16 Great Queen Street, Covent Garden, WC2B 5AH.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Valuation of investments

Investments in unlisted partnerships, 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.

 
2.6

Cash at bank

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 3

 

COALESCENCE CAPITAL UK LTD

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

2.Accounting policies (continued)


2.7

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including other debtors and cash and bank balances are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Page 4

 

COALESCENCE CAPITAL UK LTD

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

2.Accounting policies (continued)





Financial instruments (continued)

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

  
2.8

Share capital

Ordinary shares are classified as equity.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2022
1,151,795


Additions
35,033



At 31 March 2023
1,186,828






Net book value



At 31 March 2023
1,186,828



At 31 March 2022
1,151,795

Page 5

 

COALESCENCE CAPITAL UK LTD

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

5.


Debtors

2023
2022
£
£


Other debtors
10
-

Prepayments and accrued income
3,331
3,331

3,341
3,331



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Corporation tax
-
13,812

Other creditors
1,210,929
1,210,929

Accruals and deferred income
3,462
3,462

1,214,391
1,228,203



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


 
Page 6