Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31Business consultancy and student coaching services2023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false22truetrue 07462471 2023-01-01 2023-12-31 07462471 2022-01-01 2022-12-31 07462471 2023-12-31 07462471 2022-12-31 07462471 c:Director1 2023-01-01 2023-12-31 07462471 d:OfficeEquipment 2023-01-01 2023-12-31 07462471 d:OfficeEquipment 2023-12-31 07462471 d:OfficeEquipment 2022-12-31 07462471 d:CurrentFinancialInstruments 2023-12-31 07462471 d:CurrentFinancialInstruments 2022-12-31 07462471 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07462471 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07462471 d:ShareCapital 2023-12-31 07462471 d:ShareCapital 2022-12-31 07462471 d:RetainedEarningsAccumulatedLosses 2023-12-31 07462471 d:RetainedEarningsAccumulatedLosses 2022-12-31 07462471 c:FRS102 2023-01-01 2023-12-31 07462471 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07462471 c:FullAccounts 2023-01-01 2023-12-31 07462471 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07462471 2 2023-01-01 2023-12-31 07462471 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07462471










COSCOTE ADVISORS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
COSCOTE ADVISORS LIMITED
REGISTERED NUMBER:07462471

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
5,529
1,955

Cash at bank and in hand
 6 
35,505
58,808

  
41,034
60,763

Creditors: amounts falling due within one year
 7 
(9,071)
(7,911)

  

Net assets
  
31,963
52,852


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
31,863
52,752

  
31,963
52,852


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 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: 



Mr R I Trigle
Director

Date: 19 April 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
COSCOTE ADVISORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Coscote Advisors Limited is a private company limited by shares incorporated in England within the United Kingdom. The address of the registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The company's functional and presentational currency is GBP, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. The company had net current assets at the balance sheet date of £31,963 (2022: £52,852) but made a loss for the financial period. The directors will continue to support the company for the foreseeable future therefore the going concern basis is considered by the directors to be appropriate.

 
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.

Page 2

 
COSCOTE ADVISORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

The estimated useful lives range as follows:

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.
Page 3

 
COSCOTE ADVISORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

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 within 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 instrument is 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.

 
2.8

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.

 
2.9

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.

 
2.10

Interest income

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

Page 4

 
COSCOTE ADVISORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

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


4.


Tangible fixed assets





Office equipment

£



Cost


At 1 January 2023
1,446



At 31 December 2023

1,446



Depreciation


At 1 January 2023
1,446



At 31 December 2023

1,446



Net book value



At 31 December 2023
-



At 31 December 2022
-


5.


Debtors

2023
2022
£
£


Trade debtors
4,569
1,101

Other debtors
903
800

Prepayments and accrued income
57
54

5,529
1,955



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
35,505
58,808


Page 5

 
COSCOTE ADVISORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
4,821
3,661

Accruals and deferred income
4,250
4,250

9,071
7,911



8.


Transactions with directors

During the year the Company received a net total of  £525 (2022: £462) from Richard Trigle, a director of the Company. At the year end £2,259 (2022: £1,734) was due to Richard Trigle. These advances were unsecured, interest bearing and repayable on demand. 
During the year the Company received a net total of  £635 (2022: £613) from Laura Renoldi, a director of the Company. At the year end £2,562 (2022: £1,927) was owed to Laura Renoldi. These advances were unsecured, interest bearing and repayable on demand. 


9.


Controlling party

The Company was under the ultimate control of Mr R I Trigle and Mrs L Renoldi throughout the current year and the previous year.

 
Page 6