Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-07-01No description of principal activityfalse66truetrue 09603695 2022-07-01 2023-06-30 09603695 2021-07-01 2022-06-30 09603695 2023-06-30 09603695 2022-06-30 09603695 c:Director2 2022-07-01 2023-06-30 09603695 d:FurnitureFittings 2022-07-01 2023-06-30 09603695 d:FurnitureFittings 2023-06-30 09603695 d:FurnitureFittings 2022-06-30 09603695 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09603695 d:OfficeEquipment 2022-07-01 2023-06-30 09603695 d:OfficeEquipment 2023-06-30 09603695 d:OfficeEquipment 2022-06-30 09603695 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09603695 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09603695 d:CurrentFinancialInstruments 2023-06-30 09603695 d:CurrentFinancialInstruments 2022-06-30 09603695 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09603695 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09603695 d:ShareCapital 2023-06-30 09603695 d:ShareCapital 2022-06-30 09603695 d:RetainedEarningsAccumulatedLosses 2023-06-30 09603695 d:RetainedEarningsAccumulatedLosses 2022-06-30 09603695 c:FRS102 2022-07-01 2023-06-30 09603695 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09603695 c:FullAccounts 2022-07-01 2023-06-30 09603695 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09603695 6 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 09603695










COURT COLLABORATION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
COURT COLLABORATION LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
COURT COLLABORATION LIMITED
REGISTERED NUMBER: 09603695

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
66,702
8,084

Investments
 5 
204
-

Current assets
  

Debtors
 6 
1,269,604
2,063,891

Cash at bank and in hand
  
615,536
1,194,333

  
1,885,140
3,258,224

Creditors: amounts falling due within one year
 7 
(495,803)
(1,134,131)

Net current assets
  
 
 
1,389,337
 
 
2,124,093

Total assets less current liabilities
  
1,456,243
2,132,177

Provisions for liabilities
  

Deferred tax
  
(2,206)
(2,206)

  
 
 
(2,206)
 
 
(2,206)

Net assets
  
1,454,037
2,129,971


Capital and reserves
  

Called up share capital 
  
200,007
200,007

Profit and loss account
  
1,254,030
1,929,964

  
1,454,037
2,129,971


Page 1

 
COURT COLLABORATION LIMITED
REGISTERED NUMBER: 09603695
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 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 income and retained earnings 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 20 March 2024.




A G Neale
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
COURT COLLABORATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Court Collaboration Limited (the company) is a private company, limited by shares, incorporated and domiciled in England. The address of its registered office is 23rd Floor Alpha Tower, Suffolk Street Queensway, Birmingham, United Kingdom, B1 1TT.

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

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
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.

Page 3

 
COURT COLLABORATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 balance sheet 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 balance sheet 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 balance sheet date.

 
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.

Page 4

 
COURT COLLABORATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.7
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:

Fixtures and fittings
-
3 Years
Office equipment
-
3 Years

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.

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.

 
2.9

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.

 
2.10

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.

 
2.11

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

 
COURT COLLABORATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.12

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.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares

 
2.14

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

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 6

 
COURT COLLABORATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Computer equipment
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2022
27,352
6,190
33,542


Additions
4,689
59,672
64,361



At 30 June 2023

32,041
65,862
97,903



Depreciation


At 1 July 2022
20,181
5,277
25,458


Charge for the year on owned assets
3,332
2,411
5,743



At 30 June 2023

23,513
7,688
31,201



Net book value



At 30 June 2023
8,528
58,174
66,702



At 30 June 2022
7,171
913
8,084


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
215


Disposals
(11)



At 30 June 2023
204




Page 7

 
COURT COLLABORATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Trade debtors
147,453
22,562

Amounts owed by group undertakings
734,335
1,588,448

Other debtors
342,739
351,161

Prepayments and accrued income
45,077
101,720

1,269,604
2,063,891



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
68,353
65,556

Corporation tax
178,199
526,900

Other taxation and social security
32,788
155,498

Other creditors
2,515
88,152

Accruals and deferred income
213,948
298,025

495,803
1,134,131



8.


Controlling party

The parent undertaking is Court Collaboration Holdings Limited.

 
Page 8