Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31false2022-11-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09457290 2022-11-01 2023-10-31 09457290 2021-11-01 2022-10-31 09457290 2023-10-31 09457290 2022-10-31 09457290 c:Director2 2022-11-01 2023-10-31 09457290 d:OfficeEquipment 2022-11-01 2023-10-31 09457290 d:OfficeEquipment 2023-10-31 09457290 d:OfficeEquipment 2022-10-31 09457290 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09457290 d:CurrentFinancialInstruments 2023-10-31 09457290 d:CurrentFinancialInstruments 2022-10-31 09457290 d:Non-currentFinancialInstruments 2023-10-31 09457290 d:Non-currentFinancialInstruments 2022-10-31 09457290 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09457290 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09457290 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 09457290 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 09457290 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 09457290 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-31 09457290 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 09457290 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 09457290 d:ShareCapital 2023-10-31 09457290 d:ShareCapital 2022-10-31 09457290 d:RetainedEarningsAccumulatedLosses 2023-10-31 09457290 d:RetainedEarningsAccumulatedLosses 2022-10-31 09457290 c:OrdinaryShareClass1 2022-11-01 2023-10-31 09457290 c:OrdinaryShareClass1 2023-10-31 09457290 c:OrdinaryShareClass1 2022-10-31 09457290 c:FRS102 2022-11-01 2023-10-31 09457290 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09457290 c:FullAccounts 2022-11-01 2023-10-31 09457290 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09457290 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09457290










VANTAGE SPACE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
VANTAGE SPACE LIMITED
REGISTERED NUMBER: 09457290

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
13
48

  
13
48

Current assets
  

Debtors: amounts falling due within one year
 5 
10,854
15,645

Cash at bank and in hand
 6 
130,835
36,451

  
141,689
52,096

Creditors: amounts falling due within one year
 7 
(140,655)
(54,992)

Net current assets/(liabilities)
  
 
 
1,034
 
 
(2,896)

Total assets less current liabilities
  
1,047
(2,848)

Creditors: amounts falling due after more than one year
 8 
(24,167)
(34,167)

Provisions for liabilities
  

Deferred tax
  
-
(9)

  
 
 
-
 
 
(9)

Net liabilities
  
(23,120)
(37,024)


Capital and reserves
  

Called up share capital 
 10 
200
200

Profit and loss account
  
(23,320)
(37,224)

  
(23,120)
(37,024)


Page 1

 
VANTAGE SPACE LIMITED
REGISTERED NUMBER: 09457290
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 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.

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




Dylan Hawk
Director

Date: 29 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
VANTAGE SPACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Vantage Space Limited is a private limited by company, incorporated in Engaland and Wales with its registered office and principle place of business at 71 - 75 Shelton Street, Covent Gardens, London, W2CH 9QJ.

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

Going concern

The accounts have been prepared on a going concern basis on the understanding that the directors will continue to support the trade of the company.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
VANTAGE SPACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.4

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.5

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.

Page 4

 
VANTAGE SPACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.7

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 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.

 
2.8

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:

Office 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.

 
2.9

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 5

 
VANTAGE SPACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 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.


3.


Employees




The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 November 2022
116



At 31 October 2023

116



Depreciation


At 1 November 2022
69


Charge for the year on owned assets
34



At 31 October 2023

103



Net book value



At 31 October 2023
13



At 31 October 2022
48

Page 6

 
VANTAGE SPACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
10,786
15,645

Other debtors
68
-

10,854
15,645



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
130,835
36,451

130,835
36,451



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
79,738
18,215

Amounts owed to group undertakings
47,406
25,352

Other taxation and social security
-
94

Other creditors
1,319
86

Accruals and deferred income
2,192
1,245

140,655
54,992



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
24,167
34,167

24,167
34,167


Page 7

 
VANTAGE SPACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
14,167
24,167


14,167
24,167


34,167
44,167



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



200 (2022 - 200) Ordinary shares of £1.00 each
200
200


 
Page 8