Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31true02022-10-01falsetrueIP holding company0 13596055 2022-10-01 2023-07-31 13596055 2021-09-01 2022-09-30 13596055 2023-07-31 13596055 2022-09-30 13596055 c:Director1 2022-10-01 2023-07-31 13596055 d:PatentsTrademarksLicencesConcessionsSimilar 2023-07-31 13596055 d:PatentsTrademarksLicencesConcessionsSimilar 2022-09-30 13596055 d:CurrentFinancialInstruments 2023-07-31 13596055 d:CurrentFinancialInstruments 2022-09-30 13596055 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 13596055 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 13596055 d:ShareCapital 2023-07-31 13596055 d:ShareCapital 2022-09-30 13596055 d:RetainedEarningsAccumulatedLosses 2023-07-31 13596055 d:RetainedEarningsAccumulatedLosses 2022-09-30 13596055 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 13596055 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-09-30 13596055 c:FRS102 2022-10-01 2023-07-31 13596055 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-07-31 13596055 c:FullAccounts 2022-10-01 2023-07-31 13596055 c:PrivateLimitedCompanyLtd 2022-10-01 2023-07-31 13596055 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2022-10-01 2023-07-31 13596055 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2022-10-01 2023-07-31 13596055 e:PoundSterling 2022-10-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 13596055









MAX HALLEY LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2023

 
MAX HALLEY LTD
REGISTERED NUMBER: 13596055

BALANCE SHEET
AS AT 31 JULY 2023

31 July
30 September
2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
17,478
16,125

  
17,478
16,125

Current assets
  

Cash at bank and in hand
 5 
1
1

  
1
1

Creditors: amounts falling due within one year
 6 
(21,518)
(17,515)

Net current liabilities
  
 
 
(21,517)
 
 
(17,514)

Total assets less current liabilities
  
(4,039)
(1,389)

  

Net liabilities
  
(4,039)
(1,389)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(4,040)
(1,390)

  
(4,039)
(1,389)


Page 1

 
MAX HALLEY LTD
REGISTERED NUMBER: 13596055
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

For the period ended 31 July 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period 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 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 30 July 2024.




................................................
Max Halley
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MAX HALLEY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

Max Halley Ltd is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the period was that of an intellectual property holding company. The Company's year end was shortened from 30 September 2023 to 31 July 2023.

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.

 
2.2

Going concern

The accounts have been prepared on a going concern basis. This assumes the continuing support of its director, which he has pledged for the foreseeable future.

 
2.3

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.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

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.

 
2.6

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 3

 
MAX HALLEY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
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.

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments 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.


3.


Employees

The Company has no employees other than the director, who did not receive any remuneration (2022 - £NIL).



Page 4

 
MAX HALLEY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

4.


Intangible assets






Patents

£



Cost


At 1 October 2022
16,125


Additions
2,569



At 31 July 2023

18,694



Amortisation


Charge for the period on owned assets
1,216



At 31 July 2023

1,216



Net book value



At 31 July 2023
17,478



At 30 September 2022
16,125




5.


Cash and cash equivalents

Period ended 31 July
Period ended 30 September
2023
2022
£
£

Cash at bank and in hand
1
1

1
1


Page 5

 
MAX HALLEY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

6.


Creditors: Amounts falling due within one year

Period ended 31 July
Period ended 30 September
2023
2022
£
£

Amounts owed to joint ventures
19,064
16,315

Accruals and deferred income
2,454
1,200

21,518
17,515



7.


Financial instruments

Period ended 31 July
Period ended 30 September
2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1
1




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


8.


Controlling party

The Company is controlled by the director, Max Halley, by virtue of his shareholding as described in the director's report.

 
Page 6