Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true12023-02-09falseNo description of principal activity0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14652546 2023-02-08 14652546 2023-02-09 2023-12-31 14652546 2022-01-01 2023-02-08 14652546 2023-12-31 14652546 c:Director1 2023-02-09 2023-12-31 14652546 d:CurrentFinancialInstruments 2023-12-31 14652546 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14652546 d:ShareCapital 2023-02-09 2023-12-31 14652546 d:ShareCapital 2023-12-31 14652546 d:RetainedEarningsAccumulatedLosses 2023-02-09 2023-12-31 14652546 d:RetainedEarningsAccumulatedLosses 2023-12-31 14652546 c:OrdinaryShareClass1 2023-02-09 2023-12-31 14652546 c:OrdinaryShareClass1 2023-12-31 14652546 c:FRS102 2023-02-09 2023-12-31 14652546 c:AuditExempt-NoAccountantsReport 2023-02-09 2023-12-31 14652546 c:FullAccounts 2023-02-09 2023-12-31 14652546 c:PrivateLimitedCompanyLtd 2023-02-09 2023-12-31 14652546 e:PoundSterling 2023-02-09 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14652546









INVERSE AIR CAPITAL LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
INVERSE AIR CAPITAL LTD
REGISTERED NUMBER: 14652546

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
4,809

Cash at bank and in hand
  
31,177

  
35,986

Creditors: amounts falling due within one year
 5 
(23,451)

NET CURRENT ASSETS
  
 
 
12,535

TOTAL ASSETS LESS CURRENT LIABILITIES
  
12,535

  

NET ASSETS
  
12,535


CAPITAL AND RESERVES
  

Called up share capital 
  
1

Profit and loss account
  
12,534

  
12,535


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

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INVERSE AIR CAPITAL LTD
REGISTERED NUMBER: 14652546
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






M Browne
Director

Date: 27 August 2024

The notes on pages 4 to 5 form part of these financial statements.
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INVERSE AIR CAPITAL LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


COMPREHENSIVE INCOME FOR THE PERIOD

Profit for the period
-
12,534
12,534


CONTRIBUTIONS BY AND DISTRIBUTIONS TO OWNERS

Shares issued during the period
1
-
1


AT 31 DECEMBER 2023
1
12,534
12,535

The notes on pages 4 to 5 form part of these financial statements.

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INVERSE AIR CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

Inverse Air Capital Ltd is a private company limited by shares and incorporated in England and Wales. The Company's registered office is 86-90 Paul Street, London, EC2A 4NE.

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.

 
2.2

TURNOVER

Turnover consists of consulting income and other billable expenses, excluding value added tax.

 
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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

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.

 
2.5

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.

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INVERSE AIR CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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.


3.


EMPLOYEES




The average monthly number of employees, including directors, during the period was 1.


4.


DEBTORS

2023
£


Other debtors
4,809

4,809



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
£

Corporation tax
2,940

Other taxation and social security
3,634

Other creditors
14,202

Accruals and deferred income
2,675

23,451



6.


SHARE CAPITAL

2023
£
ALLOTTED, CALLED UP AND FULLY PAID


1 Ordinary share of £1.00
1


On incorporation the Company issued 1 Ordinary £1 share at par.  

 
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