Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-05-01Consultancy Managementfalse54trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13366438 2023-05-01 2023-12-31 13366438 2023-12-31 13366438 2022-05-01 2023-04-30 13366438 2023-04-30 13366438 c:Director4 2023-05-01 2023-12-31 13366438 d:CurrentFinancialInstruments 2023-12-31 13366438 d:CurrentFinancialInstruments 2023-04-30 13366438 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13366438 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13366438 d:ShareCapital 2023-12-31 13366438 d:ShareCapital 2023-04-30 13366438 d:SharePremium 2023-12-31 13366438 d:SharePremium 2023-04-30 13366438 d:RetainedEarningsAccumulatedLosses 2023-12-31 13366438 d:RetainedEarningsAccumulatedLosses 2023-04-30 13366438 c:OrdinaryShareClass2 2023-05-01 2023-12-31 13366438 c:OrdinaryShareClass2 2023-12-31 13366438 c:OrdinaryShareClass2 2023-04-30 13366438 c:OrdinaryShareClass3 2023-05-01 2023-12-31 13366438 c:OrdinaryShareClass3 2023-12-31 13366438 c:OrdinaryShareClass3 2023-04-30 13366438 c:OrdinaryShareClass4 2023-05-01 2023-12-31 13366438 c:OrdinaryShareClass4 2023-12-31 13366438 c:OrdinaryShareClass4 2023-04-30 13366438 c:FRS102 2023-05-01 2023-12-31 13366438 c:AuditExempt-NoAccountantsReport 2023-05-01 2023-12-31 13366438 c:FullAccounts 2023-05-01 2023-12-31 13366438 c:PrivateLimitedCompanyLtd 2023-05-01 2023-12-31 13366438 e:PoundSterling 2023-05-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Company Registration Number 13366438























TERRAE NOVO LIMITED





UNAUDITED
FINANCIAL STATEMENTS





 31 DECEMBER 2023























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TERRAE NOVO LIMITED
REGISTERED NUMBER: 13366438

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
30 April
2023
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
231,650
70,842

Cash at bank and in hand
  
20,574
886,793

  
252,224
957,635

Creditors: amounts falling due within one year
 5 
(1,111,637)
(319,574)

Net current (liabilities)/assets
  
 
 
(859,413)
 
 
638,061

Total assets less current liabilities
  
(859,413)
638,061

  

Net (liabilities)/assets
  
(859,413)
638,061


Capital and reserves
  

Called up share capital 
 6 
2,459
2,227

Share premium account
  
4,357,968
3,208,240

Profit and loss account
  
(5,219,840)
(2,572,406)

  
(859,413)
638,061


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 period 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 comprehensive income 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: 


................................................
G Sizer
Director

Date: 29 February 2024

The notes on pages 3 to 4 form part of these financial statements.
Page 1

 
TERRAE NOVO LIMITED
REGISTERED NUMBER: 13366438

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Page 2

 
TERRAE NOVO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Terrae Novo Limited is a private company limited by shares and is registered in England and Wales. The registered office address can be found on  the company information page.

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

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.3

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.

 
2.4

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.

 
2.5

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 5 (2023 - 4).

Page 3

 
TERRAE NOVO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Debtors

31 December
30 April
2023
2023
£
£


Other debtors
221,535
57,749

Prepayments and accrued income
10,115
13,093

231,650
70,842



5.


Creditors: Amounts falling due within one year

31 December
30 April
2023
2023
£
£

Trade creditors
1,034,744
240,335

Other taxation and social security
-
23,216

Other creditors
45,893
20,250

Accruals and deferred income
31,000
35,773

1,111,637
319,574



6.


Share capital

31 December
30 April
2023
2023
£
£
Allotted, called up and fully paid



195,940 (2023 - 183,846) 'A' Ordinary shares shares of £0.01 each
1,959
1,838
17,714 (2023 - 17,714) 'B' Ordinary shares shares of £0.01 each
177
177
32,251 (2023 - 21,165) 'C' Ordinary shares shares of £0.01 each
323
212

2,459

2,227


During the period 12,094 'A' Ordinary shares of £0.01 and 11,086 'C' Ordinary shares of £0.01 were issued.


Page 4