Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31truetrue2022-11-01falseLoan financing11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04845195 2022-11-01 2023-10-31 04845195 2021-11-01 2022-10-31 04845195 2023-10-31 04845195 2022-10-31 04845195 c:Director2 2022-11-01 2023-10-31 04845195 d:CurrentFinancialInstruments 2023-10-31 04845195 d:CurrentFinancialInstruments 2022-10-31 04845195 d:Non-currentFinancialInstruments 2023-10-31 04845195 d:Non-currentFinancialInstruments 2022-10-31 04845195 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 04845195 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 04845195 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 04845195 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 04845195 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 04845195 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-31 04845195 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 04845195 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 04845195 d:ShareCapital 2023-10-31 04845195 d:ShareCapital 2022-10-31 04845195 d:RetainedEarningsAccumulatedLosses 2023-10-31 04845195 d:RetainedEarningsAccumulatedLosses 2022-10-31 04845195 c:FRS102 2022-11-01 2023-10-31 04845195 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04845195 c:FullAccounts 2022-11-01 2023-10-31 04845195 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 04845195









ALTERNATE CAPITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
ALTERNATE CAPITAL LIMITED
REGISTERED NUMBER: 04845195

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
13,760
13,760

Cash at bank and in hand
 5 
1,641
160

  
15,401
13,920

Creditors: amounts falling due within one year
 6 
(24,885)
(15,589)

Net current liabilities
  
 
 
(9,484)
 
 
(1,669)

Total assets less current liabilities
  
(9,484)
(1,669)

Creditors: amounts falling due after more than one year
 7 
(18,000)
(24,000)

  

Net liabilities
  
(27,484)
(25,669)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(27,584)
(25,769)

  
(27,484)
(25,669)


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.

Page 1

 
ALTERNATE CAPITAL LIMITED
REGISTERED NUMBER: 04845195
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 August 2024.




Adarsh Kumar Kamthan
Director

Page 2

 
ALTERNATE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Alternate Capital Limited is a private company limited by shares and incorporated in England. The address of the registered office is Regina House, 124 Finchley Road, London, NW3 5JS. The principal activity of the company continued to be that of loan financing.  

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
ALTERNATE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in the statement of comprehensive income, 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.

 
2.6

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.

 
2.7

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. 

 
2.8

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.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
ALTERNATE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Debtors

2023
2022
£
£


Other debtors
13,760
13,760

13,760
13,760



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,641
160

1,641
160



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
8,131
8,145

Corporation tax
134
134

Other creditors
15,900
6,350

Accruals and deferred income
720
960

24,885
15,589



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
18,000
24,000

18,000
24,000


Page 5

 
ALTERNATE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
8,131
8,145


8,131
8,145

Amounts falling due 1-2 years

Other loans
8,000
8,000


8,000
8,000

Amounts falling due 2-5 years

Other loans
10,000
16,000


10,000
16,000


26,131
32,145



9.


Controlling party

In the opinion of the directors, the company does not have a controlling party.

 
Page 6