Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01trueTrading in cyber security services4434trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09498907 2023-01-01 2023-12-31 09498907 2022-01-01 2022-12-31 09498907 2023-12-31 09498907 2022-12-31 09498907 c:Director1 2023-01-01 2023-12-31 09498907 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 09498907 d:Buildings d:ShortLeaseholdAssets 2023-12-31 09498907 d:Buildings d:ShortLeaseholdAssets 2022-12-31 09498907 d:OfficeEquipment 2023-01-01 2023-12-31 09498907 d:OfficeEquipment 2023-12-31 09498907 d:OfficeEquipment 2022-12-31 09498907 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09498907 d:ComputerEquipment 2023-01-01 2023-12-31 09498907 d:ComputerEquipment 2023-12-31 09498907 d:ComputerEquipment 2022-12-31 09498907 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09498907 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 09498907 d:OtherPropertyPlantEquipment 2023-12-31 09498907 d:OtherPropertyPlantEquipment 2022-12-31 09498907 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09498907 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09498907 d:CurrentFinancialInstruments 2023-12-31 09498907 d:CurrentFinancialInstruments 2022-12-31 09498907 d:Non-currentFinancialInstruments 2023-12-31 09498907 d:Non-currentFinancialInstruments 2022-12-31 09498907 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09498907 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09498907 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09498907 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09498907 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09498907 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 09498907 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09498907 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 09498907 d:ShareCapital 2023-12-31 09498907 d:ShareCapital 2022-12-31 09498907 d:RetainedEarningsAccumulatedLosses 2023-12-31 09498907 d:RetainedEarningsAccumulatedLosses 2022-12-31 09498907 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 09498907 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 09498907 c:FRS102 2023-01-01 2023-12-31 09498907 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09498907 c:FullAccounts 2023-01-01 2023-12-31 09498907 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09498907 4 2023-01-01 2023-12-31 09498907 6 2023-01-01 2023-12-31 09498907 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09498907










BRIGANTIA PARTNERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BRIGANTIA PARTNERS LIMITED
REGISTERED NUMBER: 09498907

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
96,860
130,772

Investments
 5 
100
100

  
96,960
130,872

Current assets
  

Stocks
  
12,616
27,663

Debtors
 7 
2,071,133
1,870,662

Cash at bank and in hand
 8 
1,379,076
732,052

  
3,462,825
2,630,377

Creditors: amounts falling due within one year
 9 
(2,426,906)
(1,987,365)

Net current assets
  
 
 
1,035,919
 
 
643,012

Total assets less current liabilities
  
1,132,879
773,884

Creditors: amounts falling due after more than one year
 10 
-
(141,693)

Provisions for liabilities
  

Deferred tax
  
(24,215)
(30,952)

  
 
 
(24,215)
 
 
(30,952)

Net assets
  
1,108,664
601,239


Capital and reserves
  

Called up share capital 
  
66,706
66,706

Profit and loss account
  
1,041,958
534,533

  
1,108,664
601,239


Page 1

 
BRIGANTIA PARTNERS LIMITED
REGISTERED NUMBER: 09498907
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 profit and loss account 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: 




M J Wright
Director

Date: 2 August 2024

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
BRIGANTIA PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Brigantia Partners Ltd is a private company limited by share capital, registered in England and Wales,
registration number 09498907. The address of the registered office is 2.1 Hurstwood Business Centre, York Road, Thirsk, England, YO7 3BX.

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

Going concern

Based on forecasts the directors consider it appropriate to prepare the accounts on a going concern
basis.

 
2.3

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 except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
BRIGANTIA PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

Page 4

 
BRIGANTIA PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Borrowing costs

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

 
2.9

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.

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.11

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 5

 
BRIGANTIA PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

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:

Short-term leasehold property
-
Over the period of the lease
Office equipment
-
27 to 36 months
Computer equipment
-
24 to 48 months
Other fixed assets
-
28 to 33 months

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.

 
2.13

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.14

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.15

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.

 
2.16

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.

Page 6

 
BRIGANTIA PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.17

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.

 
2.18

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.19

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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 within 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
Page 7

 
BRIGANTIA PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.19
Financial instruments (continued)

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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.20

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 44 (2022 - 34).

Page 8

 
BRIGANTIA PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Short-term leasehold property
Office equipment
Computer equipment
Other fixed assets
Total

£
£
£
£
£



Cost


At 1 January 2023
28,575
72,660
174,452
52,380
328,067


Additions
-
9,148
19,040
-
28,188


Disposals
-
-
(95,060)
-
(95,060)



At 31 December 2023

28,575
81,808
98,432
52,380
261,195



Depreciation


At 1 January 2023
3,817
20,108
133,990
39,380
197,295


Charge for the year on owned assets
7,230
19,247
23,623
12,000
62,100


Disposals
-
-
(95,060)
-
(95,060)



At 31 December 2023

11,047
39,355
62,553
51,380
164,335



Net book value



At 31 December 2023
17,528
42,453
35,879
1,000
96,860



At 31 December 2022
24,758
52,552
40,462
13,000
130,772


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
100


Additions
100


Disposals
(100)



At 31 December 2023
100




Page 9

 
BRIGANTIA PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Stocks

2023
2022
£
£

Stocks
12,616
27,663



7.


Debtors

2023
2022
£
£

Due after more than one year

Trade debtors
-
15,843

Other debtors
13,712
13,712


13,712
29,555

Due within one year

Trade debtors
1,670,461
1,372,602

Other debtors
-
1,578

Prepayments and accrued income
386,960
466,927

2,071,133
1,870,662



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,379,076
732,052


Page 10

 
BRIGANTIA PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
50,000

Trade creditors
868,952
860,360

Amounts owed to group undertakings
100
100

Corporation tax
200,171
75,787

Other taxation and social security
449,456
297,603

Other creditors
9,423
6,025

Accruals and deferred income
898,804
697,490

2,426,906
1,987,365



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
141,693



11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
-
50,000

Amounts falling due 1-2 years

Bank loans
-
50,000

Amounts falling due 2-5 years

Bank loans
-
91,693


-
191,693


Page 11

 
BRIGANTIA PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Deferred taxation




2023


£






At beginning of year
(30,952)


Charged to profit or loss
6,737



At end of year
(24,215)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(24,215)
(30,952)

(24,215)
(30,952)

 
Page 12