Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01falsetrueNo description of principal activity11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10148058 2023-03-01 2024-02-29 10148058 2022-03-01 2023-02-28 10148058 2024-02-29 10148058 2023-02-28 10148058 c:Director2 2023-03-01 2024-02-29 10148058 d:FurnitureFittings 2023-03-01 2024-02-29 10148058 d:FurnitureFittings 2024-02-29 10148058 d:FurnitureFittings 2023-02-28 10148058 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10148058 d:OfficeEquipment 2023-03-01 2024-02-29 10148058 d:OfficeEquipment 2024-02-29 10148058 d:OfficeEquipment 2023-02-28 10148058 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10148058 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10148058 d:CurrentFinancialInstruments 2024-02-29 10148058 d:CurrentFinancialInstruments 2023-02-28 10148058 d:Non-currentFinancialInstruments 2024-02-29 10148058 d:Non-currentFinancialInstruments 2023-02-28 10148058 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 10148058 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10148058 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 10148058 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 10148058 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-02-29 10148058 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 10148058 d:ShareCapital 2024-02-29 10148058 d:ShareCapital 2023-02-28 10148058 d:RetainedEarningsAccumulatedLosses 2024-02-29 10148058 d:RetainedEarningsAccumulatedLosses 2023-02-28 10148058 c:FRS102 2023-03-01 2024-02-29 10148058 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10148058 c:FullAccounts 2023-03-01 2024-02-29 10148058 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10148058 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 10148058









ATHITO LONDON MARKET LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
ATHITO LONDON MARKET LIMITED
REGISTERED NUMBER: 10148058

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,409
11,394

  
2,409
11,394

Current assets
  

Debtors: amounts falling due within one year
 5 
254,858
172,418

Cash at bank and in hand
 6 
168,838
132,624

  
423,696
305,042

Creditors: amounts falling due within one year
 7 
(161,100)
(111,834)

Net current assets
  
 
 
262,596
 
 
193,208

Total assets less current liabilities
  
265,005
204,602

Creditors: amounts falling due after more than one year
 8 
(16,764)
(26,619)

  

Net assets
  
248,241
177,983


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
248,240
177,982

  
248,241
177,983


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.

Page 1

 
ATHITO LONDON MARKET LIMITED
REGISTERED NUMBER: 10148058
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
E Smith
Director

Date: 30 July 2024

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

Page 2

 
ATHITO LONDON MARKET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Athito London Market Limited is a private company limited by shares, incorporated in England and Wales. The registered office is First Floor Radius House, 51 Clarendon Road, Watford, Herts, WD17 1HP. 
The principal activity of the company is that of a consultancy company. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policices 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 3

 
ATHITO LONDON MARKET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

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.

 
2.6

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:

Fixtures and fittings
-
50%
Office equipment
-
50%

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.

 
2.7

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 4

 
ATHITO LONDON MARKET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
ATHITO LONDON MARKET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 March 2023
16,360
6,728
23,088


Additions
-
439
439



At 29 February 2024

16,360
7,167
23,527



Depreciation


At 1 March 2023
5,990
5,704
11,694


Charge for the year on owned assets
8,180
1,244
9,424



At 29 February 2024

14,170
6,948
21,118



Net book value



At 29 February 2024
2,190
219
2,409



At 28 February 2023
10,370
1,024
11,394

Page 6

 
ATHITO LONDON MARKET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
121,620
95,805

Amounts owed by group undertakings
120,000
70,000

Prepayments and accrued income
13,238
6,613

254,858
172,418



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
168,838
132,624

168,838
132,624



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
9,850
9,845

Trade creditors
99,908
84,511

Corporation tax
32,271
10,808

Other taxation and social security
6,580
1,985

Accruals and deferred income
12,491
4,685

161,100
111,834


Page 7

 
ATHITO LONDON MARKET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
16,764
26,619

16,764
26,619



9.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£

Amounts falling due within one year

Bank loans
9,850
9,845


9,850
9,845



Amounts falling due after more than 5 years

Bank loans
16,764
26,619

16,764
26,619

26,614
36,464


 
Page 8