Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-282023-11-28No description of principal activitytrue2022-11-2922falsetrue 08236469 2022-11-29 2023-11-28 08236469 2021-11-29 2022-11-28 08236469 2023-11-28 08236469 2022-11-28 08236469 c:Director1 2022-11-29 2023-11-28 08236469 d:CurrentFinancialInstruments 2023-11-28 08236469 d:CurrentFinancialInstruments 2022-11-28 08236469 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-28 08236469 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-28 08236469 d:ReportableOperatingSegment1 2022-11-29 2023-11-28 08236469 d:ReportableOperatingSegment1 2021-11-29 2022-11-28 08236469 d:UKTax 2022-11-29 2023-11-28 08236469 d:UKTax 2021-11-29 2022-11-28 08236469 d:ShareCapital 2023-11-28 08236469 d:ShareCapital 2022-11-28 08236469 d:RetainedEarningsAccumulatedLosses 2023-11-28 08236469 d:RetainedEarningsAccumulatedLosses 2022-11-28 08236469 c:OrdinaryShareClass1 2022-11-29 2023-11-28 08236469 c:OrdinaryShareClass1 2023-11-28 08236469 c:OrdinaryShareClass1 2022-11-28 08236469 c:EntityHasNeverTraded 2022-11-29 2023-11-28 08236469 c:FRS102 2022-11-29 2023-11-28 08236469 c:AuditExempt-NoAccountantsReport 2022-11-29 2023-11-28 08236469 c:FullAccounts 2022-11-29 2023-11-28 08236469 c:PrivateLimitedCompanyLtd 2022-11-29 2023-11-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number:  08236469














CHARTERRED LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2023


 
CHARTERRED LIMITED
REGISTERED NUMBER: 08236469

BALANCE SHEET
AS AT 28 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors
  
27,198
27,198

Cash at bank and in hand
 5 
10
10

  
27,208
27,208

Creditors: amounts falling due within one year
 6 
(18,460)
(18,460)

Net current assets
  
 
 
8,748
 
 
8,748

Total assets less current liabilities
  
8,748
8,748

  

Net assets
  
8,748
8,748


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
8,648
8,648

  
8,748
8,748


For the year ended 28 November 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.





 
Page 1

 
CHARTERRED LIMITED
REGISTERED NUMBER: 08236469
    
BALANCE SHEET (CONTINUED)
AS AT 28 NOVEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 April 2024.




D E Clarke
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CHARTERRED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2023

1.


General information

The entity is a private limited liability company, limited by shares registered in England and Wales within the United Kingdom.  The registered office is 3rd Floor, 12 Temple Street, Liverpool, L2 5RH and the company number is 08236469.

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

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
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

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.

 
2.4

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.

Page 3

 
CHARTERRED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Page 4

 
CHARTERRED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.


3.


Turnover

An analysis of turnover by class of business is as follows:


2023
2022
£
£

Provision of contracting solutions
-
5,500

-
5,500


All turnover arose within the United Kingdom.

Page 5

 
CHARTERRED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2023

4.


Taxation


2023
2022
£
£

Corporation tax


Adjustments in respect of previous periods
-
(6,089)



Taxation on profit/(loss) on ordinary activities
-
(6,089)

Factors affecting tax charge for the year

The tax assessed for the year is the same as (2022 - the same as) the standard rate of corporation tax in the UK of 25% (2022 - 19%) as set out below:

2023
2022
£
£


Profit/(loss) on ordinary activities before tax
-
(66)


Profit/(loss) on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2022 - 19%)
-
(13)

Effects of:


Adjustments to tax charge in respect of prior periods
-
(6,090)

Unrelieved tax losses carried forward
-
14

Total tax charge for the year
-
(6,089)


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 6

 
CHARTERRED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
10
10

10
10



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
14,786
14,786

Corporation tax
892
892

Other taxation and social security
2,782
2,782

18,460
18,460



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



8.


Controlling party

The company is controlled by the directors.

 
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