Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-313true32022-08-01falsefalseholding companyThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12255973 2022-08-01 2023-07-31 12255973 2021-08-01 2022-07-31 12255973 2023-07-31 12255973 2022-07-31 12255973 c:Director1 2022-08-01 2023-07-31 12255973 d:CurrentFinancialInstruments 2023-07-31 12255973 d:CurrentFinancialInstruments 2022-07-31 12255973 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12255973 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 12255973 d:ShareCapital 2023-07-31 12255973 d:ShareCapital 2022-07-31 12255973 d:RetainedEarningsAccumulatedLosses 2023-07-31 12255973 d:RetainedEarningsAccumulatedLosses 2022-07-31 12255973 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 12255973 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-07-31 12255973 c:FRS102 2022-08-01 2023-07-31 12255973 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12255973 c:FullAccounts 2022-08-01 2023-07-31 12255973 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12255973 6 2022-08-01 2023-07-31 12255973 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 12255973









CHICKPEA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
CHICKPEA LIMITED
REGISTERED NUMBER: 12255973

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,795
1,460

  
1,795
1,460

Current assets
  

Debtors: amounts falling due within one year
 5 
427,815
48,050

Cash at bank and in hand
 6 
100
100

  
427,915
48,150

Creditors: amounts falling due within one year
 7 
(86,350)
(36,430)

Net current assets
  
 
 
341,565
 
 
11,720

Total assets less current liabilities
  
343,360
13,180

  

Net assets
  
343,360
13,180


Capital and reserves
  

Called up share capital 
  
115
115

Profit and loss account
  
343,245
13,065

  
343,360
13,180


Page 1

 
CHICKPEA LIMITED
REGISTERED NUMBER: 12255973
    
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 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.




................................................
Ethan Davids
Director

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

Page 2

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

1.


General information

Chickpea Limited is a private company limited by shares, incorporated in England and Wales.The principal activity was that of a holding company. 

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

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.

 
2.3

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.

 
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.

 
2.5

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

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

2.Accounting policies (continued)

 
2.6

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

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.

 
2.7

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.

Page 4

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

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2022
1,460


Additions
425


Disposals
(90)



At 31 July 2023
1,795




Page 5

 
CHICKPEA 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
427,815
48,050

427,815
48,050



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
100
100

100
100



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
81,529
20,676

Other creditors
4,821
15,754

86,350
36,430



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
100
100




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


9.


Controlling party

The Company is controlled by the director, Ethan Davids, by virtue of his shareholding as described in the directors' report.

 
Page 6