Caseware UK (AP4) 2023.0.135 2023.0.135 false2022-12-019truefalseNo description of principal activity9The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12778926 2022-12-01 2023-11-30 12778926 2021-12-01 2022-11-30 12778926 2023-11-30 12778926 c:Director1 2022-12-01 2023-11-30 12778926 c:Director1 2021-12-01 2022-11-30 12778926 c:Director1 2021-12-01 12778926 c:Director1 2022-12-01 12778926 c:Director1 2023-11-30 12778926 2022-11-30 12778926 2021-12-01 12778926 c:Director2 2022-12-01 2023-11-30 12778926 c:Director2 2023-11-30 12778926 c:Director2 2022-12-01 12778926 c:Director3 2022-12-01 2023-11-30 12778926 c:Director3 2023-11-30 12778926 c:Director3 2022-12-01 12778926 c:Director4 2022-12-01 2023-11-30 12778926 c:Director4 2023-11-30 12778926 c:Director4 2022-12-01 12778926 d:Buildings d:ShortLeaseholdAssets 2022-12-01 2023-11-30 12778926 d:Buildings d:ShortLeaseholdAssets 2023-11-30 12778926 d:Buildings d:ShortLeaseholdAssets 2022-11-30 12778926 d:MotorVehicles 2022-12-01 2023-11-30 12778926 d:MotorVehicles 2023-11-30 12778926 d:MotorVehicles 2022-11-30 12778926 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 12778926 d:FurnitureFittings 2022-12-01 2023-11-30 12778926 d:FurnitureFittings 2023-11-30 12778926 d:FurnitureFittings 2022-11-30 12778926 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 12778926 d:OfficeEquipment 2022-12-01 2023-11-30 12778926 d:OfficeEquipment 2023-11-30 12778926 d:OfficeEquipment 2022-11-30 12778926 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 12778926 d:ComputerEquipment 2022-12-01 2023-11-30 12778926 d:ComputerEquipment 2023-11-30 12778926 d:ComputerEquipment 2022-11-30 12778926 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 12778926 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 12778926 d:CurrentFinancialInstruments 2023-11-30 12778926 d:CurrentFinancialInstruments 2022-11-30 12778926 d:Non-currentFinancialInstruments 2023-11-30 12778926 d:Non-currentFinancialInstruments 2022-11-30 12778926 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 12778926 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 12778926 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 12778926 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 12778926 d:ShareCapital 2023-11-30 12778926 d:ShareCapital 2022-11-30 12778926 d:RetainedEarningsAccumulatedLosses 2023-11-30 12778926 d:RetainedEarningsAccumulatedLosses 2022-11-30 12778926 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 12778926 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 12778926 c:FRS102 2022-12-01 2023-11-30 12778926 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12778926 c:FullAccounts 2022-12-01 2023-11-30 12778926 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12778926 2 2022-12-01 2023-11-30 12778926 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Company registration number: 12778926











Foursquire Limited
Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 30 November 2023

















Coveney Nicholls Partnership LLP
Chartered Accountants & Statutory Auditor
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD

 
Foursquire Limited
Registered number:12778926

Statement of Financial Position
As at 30 November 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
813,169
762,413

  
813,169
762,413

Current assets
  

Debtors: amounts falling due within one year
 5 
41,513
15,658

Cash at bank and in hand
 6 
149,132
41,464

  
190,645
57,122

Creditors: amounts falling due within one year
 7 
(254,588)
(273,160)

Net current liabilities
  
(63,943)
(216,038)

Total assets less current liabilities
  
749,226
546,375

Creditors: amounts falling due after more than one year
 8 
(490,492)
(430,676)

Deferred tax
 9 
(98,631)
(22,431)

Net assets
  
160,103
93,268


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
160,003
93,168

  
160,103
93,268


Page 1

 
Foursquire Limited
Registered number:12778926
    
Statement of Financial Position (continued)
As at 30 November 2023

The directors consider 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 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 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 16 August 2024.



S Raja
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
Foursquire Limited
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Wheel House, 31/37 Church Street, Reigate, Surrey, RH2 0AD, England.

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 judgement in applying the Company's accounting policies.

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

Page 3

 
Foursquire Limited
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting 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 reporting 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 reporting date.

Page 4

 
Foursquire Limited
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2023

2.Accounting policies (continued)

 
2.9

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, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
15 years straight line
Motor vehicles
-
20% straight line
Fixtures and fittings
-
25% straight line
Office equipment
-
10% straight line
Computer equipment
-
20% straight line

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
Foursquire Limited
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2023

2.Accounting policies (continued)

 
2.14

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.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Administration
5
5



Directors
4
4

9
9


4.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment

£
£
£
£
£



Cost or valuation


At 1 December 2022
476,988
-
37,323
302,112
16,633


Additions
5,746
50,990
2,400
75,825
-



At 30 November 2023

482,734
50,990
39,723
377,937
16,633



Depreciation


At 1 December 2022
32,235
-
9,362
25,677
3,369


Charge for the year on owned assets
35,126
6,845
9,620
32,614
-



At 30 November 2023

67,361
6,845
18,982
58,291
3,369



Net book value



At 30 November 2023
415,373
44,145
20,741
319,646
13,264



At 30 November 2022
444,753
-
27,961
276,434
13,265
Page 6

 
Foursquire Limited
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2023

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 December 2022
833,056


Additions
134,961



At 30 November 2023

968,017



Depreciation


At 1 December 2022
70,643


Charge for the year on owned assets
84,205



At 30 November 2023

154,848



Net book value



At 30 November 2023
813,169



At 30 November 2022
762,413


5.


Debtors

2023
2022
£
£


Trade debtors
14,253
14,119

Other debtors
27,260
1,539

41,513
15,658



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
149,132
41,464

149,132
41,464


Page 7

 
Foursquire Limited
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
22,914
34,558

Trade creditors
-
4,951

Corporation tax
25,291
-

Other taxation and social security
-
2,309

Obligations under finance lease and hire purchase contracts
30,772
9,753

Other creditors
59,611
158,556

Accruals and deferred income
116,000
63,033

254,588
273,160



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
354,711
357,525

Other loans
6,428
21,647

Net obligations under finance leases and hire purchase contracts
129,353
51,504

490,492
430,676



9.


Deferred taxation




2023
2022


£

£






At beginning of year
(22,431)
-


Charged to profit or loss
(76,200)
(22,431)



At end of year
(98,631)
(22,431)

Page 8

 
Foursquire Limited
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2023
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(98,631)
(22,431)

(98,631)
(22,431)


10.
Director's advances, credits and guarantees


2023

Balance brought forward 
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding

£
£
£
£

S Raja
(41,502)
(66,838)
92,017
(16,323)

M Iqbal
(36,446)
(10,324)
60,002
13,232

J Perez
(41,250)
(527)
50,000
8,223

N Underhill
(36,121)
(173,472)
171,582
(38,011)

(155,319)
(251,161)
373,601
(32,879)

2022

Balance brought forward 
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding

£
£
£
£

S Raja
(35,729)
(107,353)
101,580
(41,502)

M Iqbal
(25,124)
(17,197)
5,875
(36,446)

J Perez
(47,606)
(14,959)
21,315
(41,250)

N Underhill
(30,712)
(107,044)
101,635
(36,121)

(139,171)
(246,553)
230,405
(155,319)

A portion of the directors loans disclosed above attract an interest rate of 6% per annum. The total charge recorded as an expense during the year amounts to £1,838 (2022 - £15,470). The total principal outstanding is £nil (2022 - £134,089) and accrued interest is £nil (2022 - £21,230).
The remaining amounts are interest free working capital movements with the directors.


Page 9

 
Foursquire Limited
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2023

11.


Related party transactions

The company was not under the control of any single party during the period.
Aside from the loans provided during the period by the shareholder directors disclosed in note 10 above, the company has not entered into any related party transactions during the period.

 
Page 10