Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalsefalse2023-01-01The company is engaged in Other professional, scientific and technical activities not elsewhere classified.11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12281346 2023-01-01 2023-12-31 12281346 2022-01-01 2022-12-31 12281346 2023-12-31 12281346 2022-12-31 12281346 c:Director1 2023-01-01 2023-12-31 12281346 d:CurrentFinancialInstruments 2023-12-31 12281346 d:CurrentFinancialInstruments 2022-12-31 12281346 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12281346 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12281346 d:ShareCapital 2023-12-31 12281346 d:ShareCapital 2022-12-31 12281346 d:RetainedEarningsAccumulatedLosses 2023-12-31 12281346 d:RetainedEarningsAccumulatedLosses 2022-12-31 12281346 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12281346 c:OrdinaryShareClass1 2023-12-31 12281346 c:OrdinaryShareClass1 2022-12-31 12281346 c:FRS102 2023-01-01 2023-12-31 12281346 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12281346 c:FullAccounts 2023-01-01 2023-12-31 12281346 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12281346 2 2023-01-01 2023-12-31 12281346 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12281346










FANOS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FANOS LIMITED
REGISTERED NUMBER: 12281346

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
6,596
12,500

Cash at bank and in hand
  
93,572
127,293

  
100,168
139,793

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(3,559)
(29,192)

Total assets less current liabilities
  
 
 
96,609
 
 
110,601

  

Net assets
  
96,609
110,601


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
96,509
110,501

  
96,609
110,601


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: 


F J L A Rey
Director

Date: 2 September 2024

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

Page 1

 
FANOS LIMITED
 

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

1.


General information

Fanos Limited is private company limited by shares and registered in England and Wales. The company's registered office address is 10 Regents Park Terrace, London, NW17 EE.

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.

 
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

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.

 
2.5

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 2

 
FANOS LIMITED
 

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

2.Accounting policies (continued)

 
2.6

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 figure 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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 1).

Page 3

 
FANOS LIMITED
 

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

4.


Debtors

2023
2022
£
£


Trade debtors
-
12,500

Other debtors
6,596
-

6,596
12,500



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
10,868

Other creditors
659
672

Accruals and deferred income
2,900
17,652

3,559
29,192


Included in other creditors are pensions of £262 (2022 - £Nil).


6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



7.


Related party transactions

During the year the Company charged consultancy services of £50,000 (2022 - £70,000) to a business related to the Director. At the balance sheet date £Nil remained unpaid (2022 - £12,500).


Page 4