Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseInvestor advice1512falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08762713 2022-12-01 2023-11-30 08762713 2021-12-01 2022-11-30 08762713 2023-11-30 08762713 2022-11-30 08762713 c:Director2 2022-12-01 2023-11-30 08762713 d:Buildings d:ShortLeaseholdAssets 2022-12-01 2023-11-30 08762713 d:Buildings d:ShortLeaseholdAssets 2023-11-30 08762713 d:Buildings d:ShortLeaseholdAssets 2022-11-30 08762713 d:OfficeEquipment 2022-12-01 2023-11-30 08762713 d:OfficeEquipment 2023-11-30 08762713 d:OfficeEquipment 2022-11-30 08762713 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08762713 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08762713 d:CurrentFinancialInstruments 2023-11-30 08762713 d:CurrentFinancialInstruments 2022-11-30 08762713 d:Non-currentFinancialInstruments 2023-11-30 08762713 d:Non-currentFinancialInstruments 2022-11-30 08762713 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 08762713 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 08762713 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 08762713 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 08762713 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 08762713 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 08762713 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 08762713 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 08762713 d:ShareCapital 2023-11-30 08762713 d:ShareCapital 2022-11-30 08762713 d:RetainedEarningsAccumulatedLosses 2023-11-30 08762713 d:RetainedEarningsAccumulatedLosses 2022-11-30 08762713 c:OrdinaryShareClass1 2022-12-01 2023-11-30 08762713 c:OrdinaryShareClass1 2023-11-30 08762713 c:OrdinaryShareClass1 2022-11-30 08762713 c:OrdinaryShareClass2 2022-12-01 2023-11-30 08762713 c:OrdinaryShareClass2 2023-11-30 08762713 c:OrdinaryShareClass2 2022-11-30 08762713 c:FRS102 2022-12-01 2023-11-30 08762713 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08762713 c:FullAccounts 2022-12-01 2023-11-30 08762713 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08762713 2 2022-12-01 2023-11-30 08762713 6 2022-12-01 2023-11-30 08762713 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08762713









FAIRVUE PARTNERS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
FAIRVUE PARTNERS LTD
REGISTERED NUMBER: 08762713

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
87,852
12,641

Investments
 5 
66
66

  
87,918
12,707

Current assets
  

Debtors: amounts falling due within one year
 6 
325,902
359,277

Cash at bank and in hand
 7 
448,168
487,858

  
774,070
847,135

Creditors: amounts falling due within one year
 8 
(354,512)
(601,029)

Net current assets
  
 
 
419,558
 
 
246,106

Total assets less current liabilities
  
507,476
258,813

Creditors: amounts falling due after more than one year
 9 
(392,118)
(84,485)

  

Net assets
  
115,358
174,328


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
115,258
174,228

  
115,358
174,328


Page 1

 
FAIRVUE PARTNERS LTD
REGISTERED NUMBER: 08762713
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 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 by: 



S A M Taylor
Director

Date: 22 August 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
FAIRVUE PARTNERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Fairvue Partners Ltd is a private company limited by shares and incorporated in England and Wales. It has its registered office at 1st Floor, 73-81 Southwark Bridge Road, London, SE1 0NQ. The principal activity of the company continued to be that of providing strategic financial communications and investor relations advice.

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'.

Page 3

 
FAIRVUE PARTNERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.3

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:

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.

 
2.4

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.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Interest income

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

 
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.

Page 4

 
FAIRVUE PARTNERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
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

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.

 
2.11

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, on the following basis.


Short-term leasehold property
-
over 5 years straight line
Office equipment
-
33% per annum 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.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 5

 
FAIRVUE PARTNERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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.

 
2.15

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.

 
2.16

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 15 (2022 - 12).

Page 6

 
FAIRVUE PARTNERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Short-term leasehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 December 2022
-
36,182
36,182


Additions
72,692
11,037
83,729



At 30 November 2023

72,692
47,219
119,911



Depreciation


At 1 December 2022
-
23,541
23,541


Charge for the year on owned assets
-
8,518
8,518



At 30 November 2023

-
32,059
32,059



Net book value



At 30 November 2023
72,692
15,160
87,852



At 30 November 2022
-
12,641
12,641


5.


Fixed asset investments





Investment in subsidiaries

£



Cost or valuation


At 1 December 2022
66



At 30 November 2023
66




Page 7

 
FAIRVUE PARTNERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
132,267
280,041

Other debtors
55,086
26,180

Prepayments and accrued income
138,549
53,056

325,902
359,277



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
448,168
487,858

448,168
487,858



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
142,374
66,873

Trade creditors
38,731
50,280

Corporation tax
27,627
57,665

Other taxation and social security
22,141
16,954

Other creditors
63,140
73,871

Accruals and deferred income
60,499
335,386

354,512
601,029


Page 8

 
FAIRVUE PARTNERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
392,118
84,485

392,118
84,485


Included within creditors falling due within and after one year are bank loans totalling £507,878 (2022: £114,896) which are secured by way of personal guarantees from the directors of the company.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
142,374
66,873

Amounts falling due 1-2 years

Bank loans
91,130
68,023

Amounts falling due 2-5 years

Bank loans
300,988
16,462

534,492
151,358


Page 9

 
FAIRVUE PARTNERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



500 (2022 - 500) Ordinary shares of £0.01 each
5
5
9,500 (2022 - 9,500) 'A' Ordinary shares of £0.01 each
95
95

100

100



12.


Pension commitments

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £74,388 (2022: £90,407). There were outstanding contributions of £905 (2022: £2,784) at the year end.


13.


Related party transactions

During the year dividends of £171,000 (2022: £294,500) were paid to the directors.
At the year end there was an amount totalling £58,200
 (2022: £69,000) owed to one of the directors. This amount is interest free and repayable on demand. 
Included within trade creditors at the year end was £Nil 
(2022: £13,333) owed to the directors of the company.

 
Page 10