Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-0122falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11909111 2023-04-01 2024-03-31 11909111 2022-04-01 2023-03-31 11909111 2024-03-31 11909111 2023-03-31 11909111 c:Director2 2023-04-01 2024-03-31 11909111 d:ComputerEquipment 2023-04-01 2024-03-31 11909111 d:ComputerEquipment 2024-03-31 11909111 d:ComputerEquipment 2023-03-31 11909111 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11909111 d:CurrentFinancialInstruments 2024-03-31 11909111 d:CurrentFinancialInstruments 2023-03-31 11909111 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11909111 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11909111 d:ShareCapital 2024-03-31 11909111 d:ShareCapital 2023-03-31 11909111 d:RetainedEarningsAccumulatedLosses 2024-03-31 11909111 d:RetainedEarningsAccumulatedLosses 2023-03-31 11909111 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 11909111 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 11909111 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11909111 c:OrdinaryShareClass1 2024-03-31 11909111 c:OrdinaryShareClass1 2023-03-31 11909111 c:FRS102 2023-04-01 2024-03-31 11909111 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11909111 c:FullAccounts 2023-04-01 2024-03-31 11909111 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11909111 2 2023-04-01 2024-03-31 11909111 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11909111














DELFIN MANAGEMENT UK LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
DELFIN MANAGEMENT UK LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7


 
DELFIN MANAGEMENT UK LIMITED
REGISTERED NUMBER:11909111

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,741
2,495

  
1,741
2,495

Current assets
  

Debtors: amounts falling due within one year
 5 
1,379
919

Cash at bank and in hand
 6 
119,296
81,812

  
120,675
82,731

Creditors: amounts falling due within one year
 7 
(89,125)
(86,678)

Net current assets/(liabilities)
  
 
 
31,550
 
 
(3,947)

Total assets less current liabilities
  
33,291
(1,452)

  

Net assets/(liabilities)
  
33,291
(1,452)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
33,290
(1,453)

  
33,291
(1,452)


1

 
DELFIN MANAGEMENT UK LIMITED
REGISTERED NUMBER:11909111
    
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 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 on 3 July 2024.




B Tienzo
Director

The notes on pages 3 to 7 form part of these financial statements.

2

 
DELFIN MANAGEMENT UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Delfin Management UK Limited is a private company, limited by shares, registered in England and Wales, registration number 11909111.
The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be that of providing consultancy services

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

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

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.

 
2.3

Revenue

Revenue from consultancy fees receivabe for services provided 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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

3

 
DELFIN MANAGEMENT UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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:

Computer equipment
-
20%
straight line

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. 

 
2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

4

 
DELFIN MANAGEMENT UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

 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.

 
2.11

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Computer equipment

£



Cost 


At 1 April 2023
3,768



At 31 March 2024

3,768



Depreciation


At 1 April 2023
1,273


Charge for the year
754



At 31 March 2024

2,027



Net book value



At 31 March 2024
1,741



At 31 March 2023
2,495

5

 
DELFIN MANAGEMENT UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
559
554

Prepayments
385
365

Deferred taxation
435
-

1,379
919



6.


Cash

2024
2023
£
£

Cash at bank and in hand
119,296
81,812

119,296
81,812



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
604
-

Amounts owed to group undertakings
29,526
30,186

Corporation tax
10,209
-

Other taxation and social security
16,699
19,052

Other creditors
-
2,073

Accruals and deferred income
32,087
35,367

89,125
86,678


6

 
DELFIN MANAGEMENT UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Deferred taxation




2024


£






Charged to profit or loss
435



At end of year
435

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
435
-

435
-


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



10.


Controlling party

No disclosure has been made of transactions with other wholly owned group companies in accordance
with FRS 102 Section 1A paragraph 1AC.35, as the company is itself a wholly owned subsidiary of
Delfin Midstream Inc.

 
7