Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31279181035003362023-01-01falseNo description of principal activity12falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02703888 2023-01-01 2023-12-31 02703888 2022-01-01 2022-12-31 02703888 2023-12-31 02703888 2022-12-31 02703888 c:Director2 2023-01-01 2023-12-31 02703888 d:MotorVehicles 2023-01-01 2023-12-31 02703888 d:MotorVehicles 2023-12-31 02703888 d:MotorVehicles 2022-12-31 02703888 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02703888 d:FurnitureFittings 2023-01-01 2023-12-31 02703888 d:FurnitureFittings 2023-12-31 02703888 d:FurnitureFittings 2022-12-31 02703888 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02703888 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02703888 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 02703888 d:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 02703888 d:FreeholdInvestmentProperty 2023-01-01 2023-12-31 02703888 d:FreeholdInvestmentProperty 2023-12-31 02703888 d:FreeholdInvestmentProperty 2022-12-31 02703888 d:LeaseholdInvestmentProperty 2023-01-01 2023-12-31 02703888 d:LeaseholdInvestmentProperty 2023-12-31 02703888 d:LeaseholdInvestmentProperty 2022-12-31 02703888 d:CurrentFinancialInstruments 2023-12-31 02703888 d:CurrentFinancialInstruments 2022-12-31 02703888 d:Non-currentFinancialInstruments 2023-12-31 02703888 d:Non-currentFinancialInstruments 2022-12-31 02703888 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02703888 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02703888 d:ShareCapital 2023-12-31 02703888 d:ShareCapital 2022-12-31 02703888 d:RetainedEarningsAccumulatedLosses 2023-12-31 02703888 d:RetainedEarningsAccumulatedLosses 2022-12-31 02703888 c:FRS102 2023-01-01 2023-12-31 02703888 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02703888 c:FullAccounts 2023-01-01 2023-12-31 02703888 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02703888 2 2023-01-01 2023-12-31 02703888 6 2023-01-01 2023-12-31 02703888 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-01-01 2023-12-31 02703888 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 02703888









FINDOLAN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FINDOLAN LIMITED
REGISTERED NUMBER: 02703888

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 3 
1,000
1,500

Tangible assets
 4 
290
363

Investments
 5 
1,551,669
1,551,669

Investment property
 6 
1,395,905
1,750,168

  
2,948,864
3,303,700

Current assets
  

Debtors
 7 
4,105,639
797,664

Cash at bank and in hand
 8 
4,808,244
386,852

  
8,913,883
1,184,516

Creditors: amounts falling due within one year
 9 
(852,854)
(144,319)

Net current assets
  
 
 
8,061,029
 
 
1,040,197

Total assets less current liabilities
  
11,009,893
4,343,897


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
11,009,793
4,343,797

  
11,009,893
4,343,897


Page 1

 
FINDOLAN LIMITED
REGISTERED NUMBER: 02703888
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges his 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 18 April 2024.




G Fletcher
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
FINDOLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Findolan Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company’s registered office is 101 New Cavendish Street, 1st Floor South, London W1W 6XH.

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

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.

 
2.3

Interest income

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

 
2.4

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.

Page 3

 
FINDOLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20% Straight line
Fixtures, fittings & equipment
-
20% Reducing balance

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

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.

 
2.8

Valuation of investments

Unlisted investments, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

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.

Page 4

 
FINDOLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Page 5

 
FINDOLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

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.


Intangible assets




Copyright

£



Cost


At 1 January 2023
5,000



At 31 December 2023

5,000



Amortisation


At 1 January 2023
3,500


Charge for the year on owned assets
500



At 31 December 2023

4,000



Net book value



At 31 December 2023
1,000



At 31 December 2022
1,500



Page 6

 
FINDOLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures, fittings & equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
74,480
21,737
96,217



At 31 December 2023

74,480
21,737
96,217



Depreciation


At 1 January 2023
74,480
21,374
95,854


Charge for the year on owned assets
-
73
73



At 31 December 2023

74,480
21,447
95,927



Net book value



At 31 December 2023
-
290
290



At 31 December 2022
-
363
363


5.


Fixed asset investments





Unlisted investments
Art work
Total

£
£
£



Cost or valuation


At 1 January 2023
1,131,669
420,000
1,551,669



At 31 December 2023
1,131,669
420,000
1,551,669




Page 7

 
FINDOLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 January 2023
354,263
1,395,905
1,750,168


Disposals
(354,263)
-
(354,263)



At 31 December 2023
-
1,395,905
1,395,905

The 2023 valuations were made by the director, on an open market value for existing use basis.



At 31 December 2023





7.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
810,900
233,499

Due within one year

Trade debtors
270,000
-

Other debtors
3,011,391
552,365

Prepayments and accrued income
13,348
11,800

4,105,639
797,664



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,808,244
386,852


Page 8

 
FINDOLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
523,943
111,406

Other taxation and social security
266,522
349

Other creditors
189
8,193

Accruals and deferred income
62,200
24,371

852,854
144,319


 
Page 9