Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31truefalseNo description of principal activityfalse2023-06-01true11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07265926 2023-06-01 2024-05-31 07265926 2022-06-01 2023-05-31 07265926 2024-05-31 07265926 2023-05-31 07265926 c:Director1 2023-06-01 2024-05-31 07265926 d:OfficeEquipment 2023-06-01 2024-05-31 07265926 d:OfficeEquipment 2024-05-31 07265926 d:OfficeEquipment 2023-05-31 07265926 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07265926 d:CurrentFinancialInstruments 2024-05-31 07265926 d:CurrentFinancialInstruments 2023-05-31 07265926 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 07265926 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07265926 d:ShareCapital 2024-05-31 07265926 d:ShareCapital 2023-05-31 07265926 d:RetainedEarningsAccumulatedLosses 2024-05-31 07265926 d:RetainedEarningsAccumulatedLosses 2023-05-31 07265926 c:FRS102 2023-06-01 2024-05-31 07265926 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07265926 c:FullAccounts 2023-06-01 2024-05-31 07265926 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07265926 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 07265926










THROGMORTON FINANCIAL ADVICE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
THROGMORTON FINANCIAL ADVICE LIMITED
REGISTERED NUMBER:07265926

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
213
487

Current assets
  

Cash at bank and in hand
  
28,136
25,094

Creditors: amounts falling due within one year
 5 
(7,669)
(4,900)

Net current assets
  
 
 
20,467
 
 
20,194

  

Net assets
  
20,680
20,681


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
20,677
20,678

  
20,680
20,681


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 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 on 2 September 2024.




A Saxon
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
THROGMORTON FINANCIAL ADVICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Throgmorton Financial Advice Limited is a private company limited by shares, incorporated in England and Wales (registered number: 07265926). Its registered office is 31 Peterborough Drive, Sheffield, South Yorkshire, S10 4JB. The principal acitivity of the Company throughout the year continued to be that of the provision of financial 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 Company’s functional and presentational currency is pounds sterling.

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

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.

Page 2

 
THROGMORTON FINANCIAL ADVICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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 profit or loss.

 
2.4

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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.

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of the financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties. 
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 3

 
THROGMORTON FINANCIAL ADVICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2023
1,098



At 31 May 2024

1,098



Depreciation


At 1 June 2023
611


Charge for the year on owned assets
274



At 31 May 2024

885



Net book value



At 31 May 2024
213



At 31 May 2023
487


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
3,988
1,649

Other taxation and social security
373
-

Other creditors
2,548
2,549

Accruals and deferred income
760
702

7,669
4,900


 
Page 4