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REGISTERED NUMBER: 04499784 (England and Wales)













Financial Statements

for the Year Ended 31 December 2023

for

Casper Defence Limited

Casper Defence Limited (Registered number: 04499784)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Casper Defence Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R W Bateman
I A Dobson
M D Sharp





REGISTERED OFFICE: Tees Wharf
Dockside Road
Middlesbrough
Cleveland
TS3 6AH





REGISTERED NUMBER: 04499784 (England and Wales)





AUDITORS: Anderson Barrowcliff Limited
Statutory Auditors
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Casper Defence Limited (Registered number: 04499784)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,246 21,530

CURRENT ASSETS
Debtors 5 3,765,521 3,019,890
Cash at bank and in hand 1,912,146 161
5,677,667 3,020,051
CREDITORS
Amounts falling due within one year 6 4,075,862 2,689,159
NET CURRENT ASSETS 1,601,805 330,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,653,051

352,422

PROVISIONS FOR LIABILITIES 4,000 4,000
NET ASSETS 1,649,051 348,422

CAPITAL AND RESERVES
Called up share capital 7 836 836
Share premium 54,164 54,164
Retained earnings 1,594,051 293,422
SHAREHOLDERS' FUNDS 1,649,051 348,422

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:





M D Sharp - Director


Casper Defence Limited (Registered number: 04499784)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Casper Defence Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/ payable
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in administrative expenses.

Casper Defence Limited (Registered number: 04499784)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 2,127 22,658 24,785
Additions 795 39,575 40,370
At 31 December 2023 2,922 62,233 65,155
DEPRECIATION
At 1 January 2023 518 2,737 3,255
Charge for year 682 9,972 10,654
At 31 December 2023 1,200 12,709 13,909
NET BOOK VALUE
At 31 December 2023 1,722 49,524 51,246
At 31 December 2022 1,609 19,921 21,530

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,174,508 2,965,051
Amounts owed by group undertakings 1,396,767 54,839
Prepayments and accrued income 194,246 -
3,765,521 3,019,890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,653,551 -
Amounts owed to group undertakings - 2,624,395
Taxation 255,926 64,764
Accrued expenses 166,385 -
4,075,862 2,689,159

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
83,600 Ordinary 1p 836 836

Casper Defence Limited (Registered number: 04499784)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Shawcross FCA (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff Limited

9. RELATED PARTY DISCLOSURES

As at 31 December 2023 the company was owed £54,839 (2022 - £54,839) by its parent company.

10. PARENT UNDERTAKING

The immediate and ultimate parent company is Casper Shipping Holdings Limited. These financial statements are included in the consolidated financial statements of Casper Shipping Holdings Limited. The parent's registered office address is the same as Casper Logistics Limited as detailed on the Company Information page.