Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-031falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14775871 2023-04-02 14775871 2023-04-03 2023-12-31 14775871 2022-04-03 2023-04-02 14775871 2023-12-31 14775871 c:Director1 2023-04-03 2023-12-31 14775871 d:ComputerEquipment 2023-04-03 2023-12-31 14775871 d:ComputerEquipment 2023-12-31 14775871 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-03 2023-12-31 14775871 d:CurrentFinancialInstruments 2023-12-31 14775871 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14775871 d:RetainedEarningsAccumulatedLosses 2023-12-31 14775871 c:FRS102 2023-04-03 2023-12-31 14775871 c:AuditExempt-NoAccountantsReport 2023-04-03 2023-12-31 14775871 c:FullAccounts 2023-04-03 2023-12-31 14775871 c:CompanyLimitedByGuarantee 2023-04-03 2023-12-31 14775871 d:WithinOneYear 2023-12-31 14775871 6 2023-04-03 2023-12-31 14775871 e:PoundSterling 2023-04-03 2023-12-31 iso4217:GBP xbrli:pure


















Jacobs Futura Trustee Limited























Unaudited

Financial statements



For the period ended 31 December 2023



Registered number: 14775871

 
Jacobs Futura Trustee Limited - Registered number:14775871


Statement of financial position
As at 31 December 2023

2023
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,756

  
2,756

Current assets
  

Debtors
 5 
38,544

Cash at bank and in hand
  
8,154,519

  
8,193,063

Creditors: amounts falling due within one year
 6 
(8,467,473)

Net current liabilities
  
 
 
(274,410)

Total assets less current liabilities
  
(271,654)

  

Net liabilities
  
(271,654)


Capital and reserves
  

Profit and loss account
  
(271,654)

  
(271,654)


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 period 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.
Page 1

 
Jacobs Futura Trustee Limited - Registered number:14775871


Statement of financial position (continued)
As at 31 December 2023


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 income and retained earnings 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: 




P Jacobs
Director

Date: 27 August 2024

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

Page 2

 
Jacobs Futura Trustee Limited
 
 

Notes to the financial statements
For the period ended 31 December 2023

1.


General information

The company is a private company limited by guarantee and incorporated in England and Wales. Its registered office is 2 Park Street, London, W1K 2XA. The registered number is 14775871.

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 Republic of Ireland' ('FRS 102') 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

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from Jacobs Futura Fund that they will continue to give financial support to the company for a period of at
least twelve months from the date of signing of these financial statements and defer repayment of any loans
in favour of other creditors as they will receive a commitment from the guarantor.
On this basis, the directors consider it appropriate to prepare the financial statements on a going concern
basis. However, should the financial support mentioned above not be forthcoming, the going concern basis
used in preparing the company's financial statements may be invalid and adjustments would have to be
made to reduce the value of assets to their realisable amounts and to provide for any further liabilities which
might be necessary should this basis not continue to be appropriate.

 
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.
Page 3

 
Jacobs Futura Trustee Limited
 

Notes to the financial statements
For the period ended 31 December 2023

2.Accounting policies (continued)


2.3
Foreign currency translation (continued)


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

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

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:

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.

 
2.5

Company status

The Company is a private company limited by guarantee and consequently does not have share capital. The
directors are liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors.


3.


Employees

The average monthly number of employees during the period was 1.

Page 4

 
Jacobs Futura Trustee Limited
 
 

Notes to the financial statements
For the period ended 31 December 2023

4.


Tangible fixed assets





Computer equipment

£



Cost


Additions
2,931



At 31 December 2023

2,931



Depreciation


Charge for the period
175



At 31 December 2023

175



Net book value



At 31 December 2023
2,756


5.


Debtors

2023
£


Other debtors
25,242

Prepayments
13,302

38,544



6.


Creditors: amounts falling due within one year

2023
£

Accruals and deferred income
8,467,473

8,467,473


Page 5

 
Jacobs Futura Trustee Limited
 
 

Notes to the financial statements
For the period ended 31 December 2023

7.


Commitments under operating leases

At 31 December 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
£


Not later than 1 year
68,500

68,500


Page 6