Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-317false5falsetrue2023-01-01trueNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14003020 2023-01-01 2023-12-31 14003020 2022-03-25 2022-12-31 14003020 2023-12-31 14003020 2022-12-31 14003020 c:Director2 2023-01-01 2023-12-31 14003020 d:CurrentFinancialInstruments 2023-12-31 14003020 d:CurrentFinancialInstruments 2022-12-31 14003020 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14003020 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 14003020 d:RetainedEarningsAccumulatedLosses 2023-12-31 14003020 d:RetainedEarningsAccumulatedLosses 2022-12-31 14003020 c:FRS102 2023-01-01 2023-12-31 14003020 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 14003020 c:FullAccounts 2023-01-01 2023-12-31 14003020 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 14003020 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14003020









AFII UK
(A Company Limited by Guarantee)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
AFII UK
 
(A Company Limited by Guarantee)
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 5


 
AFII UK
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 14003020

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
21,109
16,848

Cash at bank and in hand
  
43,651
-

  
64,760
16,848

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 5 
(34,520)
(33,809)

Net current assets/(liabilities)
  
 
 
30,240
 
 
(16,961)

Total assets less current liabilities
  
30,240
(16,961)

  

Net assets/(liabilities)
  
30,240
(16,961)


Capital and reserves
  

Profit and loss account
  
30,240
(16,961)

  
30,240
(16,961)


Page 1

 
AFII UK
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 14003020
    
STATEMENT OF FINANCIAL POSITION (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 period 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 comprehensive income 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 20 June 2024.



J A Leigh-bell
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
AFII UK

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

AFII UK is a company limited by guarantee and incorporated in England. The address of the registered office is Regina House, 124 Finchley Road, London, NW3 5JS.

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 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 Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

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 Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 
AFII UK

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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 other and investments in third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 7 (2022 - 5).


4.


Debtors

2023
2022
£
£


Other debtors
14,148
12,636

Prepayments and accrued income
6,961
4,212

21,109
16,848


Page 4

 
AFII UK

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
9,991
-

Other taxation and social security
24,402
12,675

Other creditors
127
19,010

Accruals and deferred income
-
2,124

34,520
33,809




6.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


7.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £22,452 (2022 - £11,795).
Contributions totalling £Nil (2022 - £19,010) were payable to the fund at the reporting date and are included in creditors.

 
Page 5