Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity45truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09510651 2023-04-01 2024-03-31 09510651 2022-04-01 2023-03-31 09510651 2024-03-31 09510651 2023-03-31 09510651 2022-04-01 09510651 c:Director1 2023-04-01 2024-03-31 09510651 d:ComputerEquipment 2023-04-01 2024-03-31 09510651 d:ComputerEquipment 2024-03-31 09510651 d:ComputerEquipment 2023-03-31 09510651 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09510651 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 09510651 d:FreeholdInvestmentProperty 2024-03-31 09510651 d:CurrentFinancialInstruments 2024-03-31 09510651 d:CurrentFinancialInstruments 2023-03-31 09510651 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09510651 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09510651 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09510651 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09510651 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 09510651 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09510651 d:ShareCapital 2024-03-31 09510651 d:ShareCapital 2023-03-31 09510651 d:ShareCapital 2022-04-01 09510651 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09510651 d:RetainedEarningsAccumulatedLosses 2024-03-31 09510651 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 09510651 d:RetainedEarningsAccumulatedLosses 2023-03-31 09510651 d:RetainedEarningsAccumulatedLosses 2022-04-01 09510651 c:FRS102 2023-04-01 2024-03-31 09510651 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09510651 c:FullAccounts 2023-04-01 2024-03-31 09510651 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09510651 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09510651









VENDOHM LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
VENDOHM LTD
REGISTERED NUMBER: 09510651

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,393
2,473

Investment property
  
477,909
-

Current assets
  

Debtors: amounts falling due within one year
 6 
182,405
164,920

Cash at bank and in hand
 7 
1,011,467
1,275,336

  
1,193,872
1,440,256

Creditors: amounts falling due within one year
 8 
(40,838)
(58,849)

Net current assets
  
1,153,034
1,381,407

Total assets less current liabilities
  
1,633,336
1,383,880

Creditors: amounts falling due after more than one year
  
(21,545)
(31,095)

  

Net assets
  
1,611,791
1,352,785


Capital and reserves
  

Called up share capital 
  
421,614
421,614

Profit and loss account
  
1,190,177
931,171

  
1,611,791
1,352,785


Page 1

 
VENDOHM LTD
REGISTERED NUMBER: 09510651
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 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 on 29 July 2024.



................................................
Raphael Brun
Director

The notes on pages 4 to 11 form part of these financial statements.
Page 2

 
VENDOHM LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2022
421,614
575,037
996,651


Comprehensive income for the year

Profit for the year
-
438,482
438,482

Dividends: Equity capital
-
(82,348)
(82,348)



At 1 April 2023
421,614
931,171
1,352,785


Comprehensive income for the year

Profit for the year
-
336,406
336,406

Dividends: Equity capital
-
(77,400)
(77,400)


At 31 March 2024
421,614
1,190,177
1,611,791


The notes on pages 4 to 11 form part of these financial statements.
Page 3

 
VENDOHM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Vendohm Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 09510651. The address of the registered office is Finsbury Business Centre, 40 Bowling Green Lane, London, England, EC1R 0NE.

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

Going concern

The financial statements have been prepared on a going concern basis as the directors believe adequate resources exist to enable it to meet its working capital requirements for at least twelve months from approval of these financial statements.

 
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 4

 
VENDOHM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

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

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.

 
2.6

Borrowing costs

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

Page 5

 
VENDOHM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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:

Computer equipment
-
25%

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.

 
2.10

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 6

 
VENDOHM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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 7

 
VENDOHM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.14

Financial instruments

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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.

Page 8

 
VENDOHM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.15

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 4 (2023 - 5).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
2,804


Additions
695



At 31 March 2024

3,499



Depreciation


At 1 April 2023
331


Charge for the year on owned assets
775



At 31 March 2024

1,106



Net book value



At 31 March 2024
2,393



At 31 March 2023
2,473

Page 9

 
VENDOHM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Investment property


Investment property

£



Valuation


Additions at cost
477,909



At 31 March 2024
477,909









6.


Debtors

2024
2023
£
£


Trade debtors
146,392
128,907

Other debtors
36,013
36,013

182,405
164,920



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,011,467
1,275,336

1,011,467
1,275,336


Page 10

 
VENDOHM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
6,887
13,144

Other taxation and social security
12,514
22,481

Other creditors
14,867
13,304

Accruals and deferred income
6,570
9,920

40,838
58,849



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bounce back loan
21,545
31,095


21,545
31,095



10.


Related party transactions

Included in other creditors at the balance sheet date is an amount owed to the director, Raphael Brun, of £7,612 (2023: £6,862). Also included in other creditors at the balance sheet date is an amount owed to the director, Gilles Michel, of £2,250 (2023: £1,500).

 
Page 11