Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3132023-01-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14155583 2023-01-01 2023-12-31 14155583 2022-07-01 2022-12-31 14155583 2023-12-31 14155583 2022-12-31 14155583 1 2023-01-01 2023-12-31 14155583 d:CompanySecretary1 2023-01-01 2023-12-31 14155583 d:Director1 2023-01-01 2023-12-31 14155583 d:Director2 2023-01-01 2023-12-31 14155583 d:RegisteredOffice 2023-01-01 2023-12-31 14155583 c:CurrentFinancialInstruments 2023-12-31 14155583 c:CurrentFinancialInstruments 2022-12-31 14155583 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 14155583 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 14155583 c:ShareCapital 2023-12-31 14155583 c:ShareCapital 2022-12-31 14155583 c:RetainedEarningsAccumulatedLosses 2023-12-31 14155583 c:RetainedEarningsAccumulatedLosses 2022-12-31 14155583 d:FRS102 2023-01-01 2023-12-31 14155583 d:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 14155583 d:FullAccounts 2023-01-01 2023-12-31 14155583 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 14155583 (England and Wales)














FRANCISCO PARTNERS CONSULTING LTD
UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023


 
FRANCISCO PARTNERS CONSULTING LTD
 

 
COMPANY INFORMATION


Directors
M Kohlsdorf 
M J Hunt 




Company secretary
Redfern Legal LLP



Registered number
14155583



Registered office
C/O Redfern Legal Llp
7 Henrietta Street

Covent Garden

London

England, United Kingdom

WC2E 8PS




Accountants
ZEDRA Corporate Reporting Services (UK) Limited






 
FRANCISCO PARTNERS CONSULTING LTD
 


CONTENTS



Page
Accountants' Report
 
1
Balance Sheet
 
2 - 3
Notes to the Financial Statements
 
4 - 6



 
FRANCISCO PARTNERS CONSULTING LTD
 

 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FRANCISCO PARTNERS CONSULTING LTD
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Francisco Partners Consulting Ltd for the year ended 31 December 2023 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Francisco Partners Consulting Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Francisco Partners Consulting Ltd  and state those matters that we have agreed to state to the Board of Directors of Francisco Partners Consulting Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Francisco Partners Consulting Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Francisco Partners Consulting Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Francisco Partners Consulting Ltd. You consider that Francisco Partners Consulting Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Francisco Partners Consulting Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  
ZEDRA Corporate Reporting Services (UK) Limited
Birchin Court
5th Floor
19-25 Birchin Lane
London
United Kingdom
EC3V 9DU
2 September 2024
Page 1


 
FRANCISCO PARTNERS CONSULTING LTD
REGISTERED NUMBER:14155583


BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
253,217
634,924

Bank and cash balances
  
187,035
186,282

  
440,252
821,206

Creditors: amounts falling due within one year
 4 
(293,708)
(775,939)

Net current assets
  
 
 
146,544
 
 
45,267

Total assets less current liabilities
  
146,544
45,267

  

Net assets
  
146,544
45,267

Page 2


 
FRANCISCO PARTNERS CONSULTING LTD
REGISTERED NUMBER:14155583

    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

2023
2022
£
£

Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
146,543
45,266

  
146,544
45,267


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 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 by: 

M Kohlsdorf
Director

Date: 30 August 2024

The notes on pages 4 to 6 form part of these financial statements.

Page 3


 
FRANCISCO PARTNERS CONSULTING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies

 
1.1

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Going concern

Francisco Partners Consulting Ltd has received confirmation from its parent company, Francisco Partners Consulting LLC, that it will continue to provide financial support for a period of at least 12 months from the date of signing of the financial statements. For this reason, the director chooses to adopt the going concern basis in preparing these financial statements.

 
1.3

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover is recognised on a cost plus 9% basis, in line with the intercompany service agreement with the parent company. Intercompany turnover is recognised when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the intercompany service agreement;
the costs incurred under the intercompany service agreement can be measured reliably.

 
1.4

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4


 
FRANCISCO PARTNERS CONSULTING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.5

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.

 
1.6

Debtors

Short term debtors are measured at transaction price, less any impairment. Amounts owed by group
undertakings are intercompany loans measured at cost. These loans are unsecured, interest free
and repayable on demand.

 
1.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

  
1.8

Creditors

Short term creditors are measured at the transaction price. 


2.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).


3.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
240,016
626,788

Other debtors
2,186
3,378

Prepayments and accrued income
11,015
4,758

253,217
634,924


Page 5


 
FRANCISCO PARTNERS CONSULTING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
236
221

Amounts owed to group undertakings
-
543,290

Corporation tax
29,882
11,715

Other taxation and social security
256,777
190,600

Other creditors
660
12,667

Accruals and deferred income
6,153
17,446

293,708
775,939



5.


Controlling party

Francisco Partners Consulting LLC is the parent company of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is: One Letterman Drive, Building C, Suite 410, San Francisco, CA 94129.


6.


Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved.

 
Page 6