Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseThe principal activity of the company is that of the provision of independent, strategic and financial consultancy and advisory service to clients in the global mining and metals processing industries and developing markets.33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04430262 2023-01-01 2023-12-31 04430262 2022-01-01 2022-12-31 04430262 2023-12-31 04430262 2022-12-31 04430262 c:Director1 2023-01-01 2023-12-31 04430262 d:OfficeEquipment 2023-01-01 2023-12-31 04430262 d:OfficeEquipment 2023-12-31 04430262 d:OfficeEquipment 2022-12-31 04430262 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04430262 d:ComputerEquipment 2023-01-01 2023-12-31 04430262 d:ComputerEquipment 2023-12-31 04430262 d:ComputerEquipment 2022-12-31 04430262 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04430262 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04430262 d:CurrentFinancialInstruments 2023-12-31 04430262 d:CurrentFinancialInstruments 2022-12-31 04430262 d:Non-currentFinancialInstruments 2023-12-31 04430262 d:Non-currentFinancialInstruments 2022-12-31 04430262 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04430262 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04430262 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04430262 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04430262 d:ShareCapital 2023-12-31 04430262 d:ShareCapital 2022-12-31 04430262 d:CapitalRedemptionReserve 2023-12-31 04430262 d:CapitalRedemptionReserve 2022-12-31 04430262 d:RetainedEarningsAccumulatedLosses 2023-12-31 04430262 d:RetainedEarningsAccumulatedLosses 2022-12-31 04430262 c:FRS102 2023-01-01 2023-12-31 04430262 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04430262 c:FullAccounts 2023-01-01 2023-12-31 04430262 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04430262 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04430262










ARGENT PARTNERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ARGENT PARTNERS LIMITED
REGISTERED NUMBER: 04430262

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
2,304
3,934

  
2,304
3,934

Current assets
  

Debtors: amounts falling due within one year
 5 
164,453
161,920

Bank and cash balances
  
33,125
48,135

  
197,578
210,055

Creditors: amounts falling due within one year
 6 
(36,091)
(42,589)

Net current assets
  
 
 
161,487
 
 
167,466

Total assets less current liabilities
  
163,791
171,400

Creditors: amounts falling due after more than one year
 7 
(14,951)
(24,841)

  

Net assets
  
148,840
146,559


Capital and reserves
  

Called up share capital 
  
615,000
615,000

Capital redemption reserve
  
121,500
121,500

Profit and loss account
  
(587,660)
(589,941)

  
148,840
146,559


Page 1

 
ARGENT PARTNERS LIMITED
REGISTERED NUMBER: 04430262
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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: 




R A Simkin
Director

Date: 9 February 2024

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
ARGENT PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is a private company limited by shares, and is incorporated in England and Wales. The
address of its registered office is 340 West End Lane, London, NW6 1LN.

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 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:

 
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.
Page 3

 
ARGENT PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

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%-33%
Computer equipment
-
33%

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.

 
2.4

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.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 4

 
ARGENT PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.7

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.

 
2.8

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.

Page 5

 
ARGENT PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Borrowing costs

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


3.


Employees

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

Page 6

 
ARGENT PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost


At 1 January 2023
3,114
18,722
21,836


Disposals
(247)
(3,662)
(3,909)



At 31 December 2023

2,867
15,060
17,927



Depreciation


At 1 January 2023
2,781
15,121
17,902


Charge for the year on owned assets
190
1,440
1,630


Disposals
(247)
(3,662)
(3,909)



At 31 December 2023

2,724
12,899
15,623



Net book value



At 31 December 2023
143
2,161
2,304



At 31 December 2022
333
3,601
3,934


5.


Debtors

2023
2022
£
£


Trade debtors
30,600
50,568

Other debtors
1,125
1,123

Prepayments and accrued income
131,741
109,315

Tax recoverable
987
914

164,453
161,920


Page 7

 
ARGENT PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
10,000
10,000

Trade creditors
275
451

Other taxation and social security
-
11,595

Accruals and deferred income
25,816
20,543

36,091
42,589


For detail of bank loan security see note 7


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
14,951
24,841

14,951
24,841


Secured loans
The bank loan is secured by way of support by the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy.

 
Page 8