Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31true2022-08-01No description of principal activityfalse55trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10285479 2022-08-01 2023-07-31 10285479 2021-08-01 2022-07-31 10285479 2023-07-31 10285479 2022-07-31 10285479 c:Director1 2022-08-01 2023-07-31 10285479 d:OfficeEquipment 2022-08-01 2023-07-31 10285479 d:OfficeEquipment 2023-07-31 10285479 d:OfficeEquipment 2022-07-31 10285479 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 10285479 d:CurrentFinancialInstruments 2023-07-31 10285479 d:CurrentFinancialInstruments 2022-07-31 10285479 d:ShareCapital 2023-07-31 10285479 d:ShareCapital 2022-07-31 10285479 d:RetainedEarningsAccumulatedLosses 2023-07-31 10285479 d:RetainedEarningsAccumulatedLosses 2022-07-31 10285479 c:FRS102 2022-08-01 2023-07-31 10285479 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10285479 c:FullAccounts 2022-08-01 2023-07-31 10285479 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10285479 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number:  10285479














LUXFIN CAPITAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


 
LUXFIN CAPITAL LIMITED
REGISTERED NUMBER: 10285479

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
125
250

  
125
250

Current assets
  

Debtors: amounts falling due within one year
 5 
8,500
674

Cash at bank and in hand
 6 
10,394
52,032

  
18,894
52,706

Total assets less current liabilities
  
 
 
19,019
 
 
52,956

  

Net assets
  
19,019
52,956


Capital and reserves
  

Called up share capital 
  
577,530
332,127

Profit and loss account
  
(558,511)
(279,171)

  
19,019
52,956


Page 1

 
LUXFIN CAPITAL LIMITED
REGISTERED NUMBER: 10285479
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 by: 




................................................
J. Singh
Director

Date: 30 April 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
LUXFIN CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

The Company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no. 10285479). The registered office address is 124 City Road, London, EC1V 2NX.
These financial statements present information about the Company as an individual undertaking. The principal activity of the company is that of the administration of financial markets. 

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 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 following principal accounting policies have been applied:

 
2.2

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:

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.

 
2.3

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.

Page 3

 
LUXFIN CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

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.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
4
4



Staff
1
1

5
5


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 August 2022
375



At 31 July 2023

375



Depreciation


At 1 August 2022
125


Charge for the year on owned assets
125



At 31 July 2023

250



Net book value



At 31 July 2023
125



At 31 July 2022
250

Page 4

 
LUXFIN CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Debtors

2023
2022
£
£


Amounts owed by joint ventures and associated undertakings
8,500
-

Other debtors
-
674

8,500
674



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
10,394
52,032

10,394
52,032



7.


Related party transactions

Included in other debtors is £8,500 (2022 - £Nil) due from the parent company Altair Research Ltd at the balance sheet date.


8.


Controlling party

The ultimate parent undertaking is Altair Research Ltd, their registered office is 124 City Road, London, England, EC1V 2NXJ.
The controlling party of Altair Research Ltd is J Singh.

 
Page 5