Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01truefalseNo description of principal activity1314trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11047636 2023-01-01 2023-12-31 11047636 2022-01-01 2022-12-31 11047636 2023-12-31 11047636 2022-12-31 11047636 1 2023-01-01 2023-12-31 11047636 d:Director1 2023-01-01 2023-12-31 11047636 d:Director2 2023-01-01 2023-12-31 11047636 d:RegisteredOffice 2023-01-01 2023-12-31 11047636 c:Buildings c:ShortLeaseholdAssets 2023-01-01 2023-12-31 11047636 c:Buildings c:ShortLeaseholdAssets 2023-12-31 11047636 c:Buildings c:ShortLeaseholdAssets 2022-12-31 11047636 c:FurnitureFittings 2023-01-01 2023-12-31 11047636 c:FurnitureFittings 2023-12-31 11047636 c:FurnitureFittings 2022-12-31 11047636 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11047636 c:ComputerEquipment 2023-01-01 2023-12-31 11047636 c:ComputerEquipment 2023-12-31 11047636 c:ComputerEquipment 2022-12-31 11047636 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11047636 c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11047636 c:CurrentFinancialInstruments 2023-12-31 11047636 c:CurrentFinancialInstruments 2022-12-31 11047636 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 11047636 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 11047636 c:ShareCapital 2023-12-31 11047636 c:ShareCapital 2022-12-31 11047636 c:RetainedEarningsAccumulatedLosses 2023-12-31 11047636 c:RetainedEarningsAccumulatedLosses 2022-12-31 11047636 d:FRS102 2023-01-01 2023-12-31 11047636 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11047636 d:FullAccounts 2023-01-01 2023-12-31 11047636 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11047636 c:WithinOneYear 2023-12-31 11047636 c:WithinOneYear 2022-12-31 11047636 c:BetweenOneFiveYears 2023-12-31 11047636 c:BetweenOneFiveYears 2022-12-31 iso4217:GBP xbrli:pure
Registered number: 11047636 (England and Wales)














CDGUKG LTD
UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023


 
CDGUKG LTD
 

 
COMPANY INFORMATION


Directors
C Lowery 
S N Osment 




Registered number
11047636



Registered office
Birchin Court
5th Floor

19-25 Birchin Lane

London

United Kingdom

EC3V 9DU




Accountants
ZEDRA Corporate Reporting Services (UK) Limited






 
CDGUKG LTD
 


CONTENTS



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



 
CDGUKG LTD
REGISTERED NUMBER:11047636


BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
12,486
16,648

  
12,486
16,648

Current assets
  

Debtors: amounts falling due within one year
 4 
218,954
220,791

Bank and cash balances
  
86,896
24,472

  
305,850
245,263

Creditors: amounts falling due within one year
 5 
(62,256)
(64,336)

Net current assets
  
 
 
243,594
 
 
180,927

Total assets less current liabilities
  
256,080
197,575

  

Net assets
  
256,080
197,575

Page 1


 
CDGUKG LTD
REGISTERED NUMBER:11047636

    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

2023
2022
£
£

Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
256,079
197,574

  
256,080
197,575


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: 

C Lowery
Director

Date: 29 April 2024

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

Page 2


 
CDGUKG LTD
 

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

1.Accounting policies

 
1.1

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:

  
1.2

Going concern

CDGUKG Ltd has received written confirmation from its parent company, Margo Chase Design Inc., that it will continue to provide financial support for a period of at least 12 months from the date of signing these financial statements. For this reason, the directors continue to adopt the going concern basis in preparing the financial statements.

 
1.3

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover is recognised on a cost plus 7% basis, in line with the intercompany service agreement with the parent company. Intercompany turnover is recognised when all of the following conditions are satisfied:
 
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.4

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.

Page 3


 
CDGUKG LTD
 

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

1.Accounting policies (continued)

 
1.5

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

 
1.6

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.

 
1.7

Taxation

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.

 
1.8

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


 
CDGUKG LTD
 

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

1.Accounting policies (continued)


1.8
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.

The estimated useful lives range as follows:

Computer 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.

 
1.9

Debtors

Short term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans. No interest is charged on the loan which is repayable on demand. 

 
1.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
1.11

Creditors

Short term creditors are measured at the transaction price. 


2.


Employees

The average monthly number of employees, including directors, during the year was 13 (2022 - 14).

Page 5


 
CDGUKG LTD
 

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

3.


Tangible fixed assets





Leasehold improvements
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
-
-
29,491
29,491


Additions
2,940
3,738
959
7,637



At 31 December 2023

2,940
3,738
30,450
37,128



Depreciation


At 1 January 2023
-
-
12,843
12,843


Charge for the year on owned assets
1,238
999
9,562
11,799



At 31 December 2023

1,238
999
22,405
24,642



Net book value



At 31 December 2023
1,702
2,739
8,045
12,486



At 31 December 2022
-
-
16,648
16,648

Page 6


 
CDGUKG LTD
 

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

4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
185,409
190,291

Other debtors
16,738
23,165

Prepayments and accrued income
16,807
7,335

218,954
220,791





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
9,571
10,726

Corporation tax
18,702
13,120

Other taxation and social security
20,077
19,937

Other creditors
4,614
4,796

Accruals and deferred income
9,292
15,757

62,256
64,336



6.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than one year
46,262
41,520

Later than one year and not later than five years
-
38,060

46,262
79,580


7.


Controlling party

Margo Chase Design Inc., is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 99 Pasadena Avenue, Suite 9, Los Angeles, CA 91030, USA. 

Page 7


 
CDGUKG LTD
 

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

8.


Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved. 

 
Page 8