Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3112022-04-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06580691 2022-04-01 2023-03-31 06580691 2021-04-01 2022-03-31 06580691 2023-03-31 06580691 2022-03-31 06580691 c:Director1 2022-04-01 2023-03-31 06580691 d:FurnitureFittings 2022-04-01 2023-03-31 06580691 d:OfficeEquipment 2022-04-01 2023-03-31 06580691 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 06580691 d:OtherPropertyPlantEquipment 2023-03-31 06580691 d:OtherPropertyPlantEquipment 2022-03-31 06580691 d:CurrentFinancialInstruments 2023-03-31 06580691 d:CurrentFinancialInstruments 2022-03-31 06580691 d:Non-currentFinancialInstruments 2023-03-31 06580691 d:Non-currentFinancialInstruments 2022-03-31 06580691 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06580691 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06580691 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06580691 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 06580691 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 06580691 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 06580691 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 06580691 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 06580691 d:ShareCapital 2023-03-31 06580691 d:ShareCapital 2022-03-31 06580691 d:SharePremium 2023-03-31 06580691 d:SharePremium 2022-03-31 06580691 d:RetainedEarningsAccumulatedLosses 2023-03-31 06580691 d:RetainedEarningsAccumulatedLosses 2022-03-31 06580691 c:FRS102 2022-04-01 2023-03-31 06580691 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06580691 c:FullAccounts 2022-04-01 2023-03-31 06580691 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06580691 2 2022-04-01 2023-03-31 06580691 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 06580691










AUGUR INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
AUGUR INVESTMENTS LIMITED
REGISTERED NUMBER: 06580691

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
16,001
160,022

Current assets
  

Debtors: amounts falling due within one year
 6 
60,963
122,849

Cash at bank and in hand
 7 
124,757
31,678

  
185,720
154,527

Creditors: amounts falling due within one year
 8 
(14,404)
(282,358)

Net current assets/(liabilities)
  
 
 
171,316
 
 
(127,831)

Total assets less current liabilities
  
187,317
32,191

Creditors: amounts falling due after more than one year
 9 
(19,909)
(26,374)

  

Net assets
  
167,408
5,817


Capital and reserves
  

Called up share capital 
  
2
2

Share premium account
  
249,999
249,999

Profit and loss account
  
(82,593)
(244,184)

  
167,408
5,817


Page 1

 
AUGUR INVESTMENTS LIMITED
REGISTERED NUMBER: 06580691
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

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 year 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.

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: 




A S Mann
Director

Date: 4 March 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
AUGUR INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Augur Investments Limited is a private company limited by shares incorporated in England and Wales. Its registered office and principal place of business is Unit 13, Breasy Place, Burroughs Gardens, Hendon, London, NW4 4AT.
The financial statements are presented in Sterling (£). 

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

The financial statements have been prepared on the going concern basis as the director considers that the Company will have adequate resources to meet its debts as and when they fall due for the foreseeable future. This view is based upon considering the anticipated cashflow of the Company in the twelve month period following the approval of the financial statements.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
AUGUR INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

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:

Fixtures and fittings
-
33%
Office equipment
-
33%

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.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment
Income arising from the Company's interest in its subsidiary and associated undertakings is recognised when the Company becomes unconditionally entitled to the income. 
The Company recognises its share of profit arising from its interests in Limited Liability Partnerships (LLPs) as and when the LLPs declare distributions. The LLPs are tax transparent vehicles and the Company accounts for its tax liability in respect of its interests in LLPs on the basis of liabilities arising at the balance sheet date. Deferred tax is recognised on tax liabilities arising on profits that have not been distributed by the LLPs except where the Company does not believe it is likely that such profits will be distributed in the foreseeable future.

 
2.9

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
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.

Page 4

 
AUGUR INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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.

 
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.

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
AUGUR INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Other fixed assets

£



Cost


At 1 April 2022
35,793


Disposals
(35,793)



At 31 March 2023

-





At 1 April 2022
35,793


Disposals
(35,793)



At 31 March 2023

-



Net book value



At 31 March 2023
-



At 31 March 2022
-

Page 6

 
AUGUR INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Fixed asset investments





Investments in associates

£



Cost


At 1 April 2022
160,022


Disposals
(134,021)



At 31 March 2023

26,001



Impairment


Charge for the period
10,000



At 31 March 2023

10,000



Net book value



At 31 March 2023
16,001



At 31 March 2022
160,022


6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
60,639
80,639

Amounts owed by joint ventures and associated undertakings
-
36,433

Other debtors
324
5,777

60,963
122,849



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
124,757
31,678


Page 7

 
AUGUR INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
6,785
6,626

Other loans
-
258,568

Trade creditors
1,619
7,405

Amounts owed to associates
-
4,459

Other creditors
500
500

Accruals
5,500
4,800

14,404
282,358



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
19,909
26,374



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
6,785
6,626

Other loans
-
258,568

Amounts falling due 1-2 years

Bank loans
6,957
6,793

Amounts falling due 2-5 years

Bank loans
12,952
19,581


26,694
291,568


The bank loan, received on 9 June 2020, relates to the Bounce Back Loan Scheme. The loan term is 6 years with no interest payable for the first 12 months and thereafter the interest rate is fixed at 2.5%. 

Page 8

 
AUGUR INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Controlling party

The Company is a wholly owned subsidiary of Augur Group Limited, a company incorporated in England and Wales, the registered office of which is Unit 13, Breasy Place, Burroughs Gardens, Hendon, London, England, NW4 4AT. 

 
Page 9