Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-301false2022-12-01No description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13744378 2022-12-01 2023-11-30 13744378 2021-11-15 2022-11-30 13744378 2023-11-30 13744378 2022-11-30 13744378 c:Director1 2022-12-01 2023-11-30 13744378 d:OfficeEquipment 2022-12-01 2023-11-30 13744378 d:OfficeEquipment 2023-11-30 13744378 d:OfficeEquipment 2022-11-30 13744378 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 13744378 d:CurrentFinancialInstruments 2023-11-30 13744378 d:CurrentFinancialInstruments 2022-11-30 13744378 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 13744378 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 13744378 d:ShareCapital 2023-11-30 13744378 d:ShareCapital 2022-11-30 13744378 d:RetainedEarningsAccumulatedLosses 2023-11-30 13744378 d:RetainedEarningsAccumulatedLosses 2022-11-30 13744378 c:OrdinaryShareClass1 2022-12-01 2023-11-30 13744378 c:OrdinaryShareClass1 2023-11-30 13744378 c:FRS102 2022-12-01 2023-11-30 13744378 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13744378 c:FullAccounts 2022-12-01 2023-11-30 13744378 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13744378 2 2022-12-01 2023-11-30 13744378 d:EntityControlledByKeyManagementPersonnel1 2022-12-01 2023-11-30 13744378 d:EntityControlledByKeyManagementPersonnel1 2023-11-30 13744378 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13744378









CARACOL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
CARACOL LIMITED
REGISTERED NUMBER: 13744378

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023


2023

2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
1,696
2,284

Current assets
  

Debtors: amounts falling due within one year
 5 
4,176
11,300

Cash at bank and in hand
 6 
163,684
50,223

  
167,860
61,523

Creditors: amounts falling due within one year
 7 
(94,750)
(36,577)

Net current assets
  
 
 
73,110
 
 
24,946

  

Net assets
  
74,806
27,230


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
74,805
27,229

  
74,806
27,230


Page 1

 
CARACOL LIMITED
REGISTERED NUMBER: 13744378
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 August 2024.




N R Vasquez
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CARACOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Caracol Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 31 Sherbrooke Road, London, England, SW6 7QJ.

The principal activity of the company is providing legal and consultancy services.

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

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

Interest income

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

 
2.4

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 reporting date in the countries where the Company operates and generates income.

Page 3

 
CARACOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

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
-
25% 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 the Statement of comprehensive 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. 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.

 
2.8

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

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 directors, during the year was 1 (period ended 30 November 2022 - 1).

Page 4

 
CARACOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 December 2022
2,422


Additions
22



At 30 November 2023

2,444



Depreciation


At 1 December 2022
138


Charge for the year
610



At 30 November 2023

748



Net book value



At 30 November 2023
1,696



At 30 November 2022
2,284


5.


Debtors

2023
2022
£
£


Trade debtors
3,600
6,300

Other debtors
576
5,000

4,176
11,300



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
163,684
50,223

163,684
50,223


Page 5

 
CARACOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
59,336
17,050

Other taxation and social security
21,861
5,132

Other creditors
53
895

Accruals and deferred income
13,500
13,500

94,750
36,577



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £0.01 each
1
1



9.


Transactions with directors

At the year end, the director owed £576 (2022 - £5,000) to the company, which is included within other debtors.


10.


Controlling party

The ultimate controlling party is the director by virtue of his 100% shareholding in the company.

 
Page 6