Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3022023-05-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02131677 2023-05-01 2024-04-30 02131677 2022-05-01 2023-04-30 02131677 2024-04-30 02131677 2023-04-30 02131677 2022-05-01 02131677 6 2022-05-01 2023-04-30 02131677 d:Director1 2023-05-01 2024-04-30 02131677 e:FurnitureFittings 2023-05-01 2024-04-30 02131677 e:OtherPropertyPlantEquipment 2024-04-30 02131677 e:OtherPropertyPlantEquipment 2023-04-30 02131677 e:OtherPropertyPlantEquipment e:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02131677 e:FreeholdInvestmentProperty 2024-04-30 02131677 e:FreeholdInvestmentProperty 2023-04-30 02131677 e:CurrentFinancialInstruments 2024-04-30 02131677 e:CurrentFinancialInstruments 2023-04-30 02131677 e:CurrentFinancialInstruments e:WithinOneYear 2024-04-30 02131677 e:CurrentFinancialInstruments e:WithinOneYear 2023-04-30 02131677 e:ShareCapital 2023-05-01 2024-04-30 02131677 e:ShareCapital 2024-04-30 02131677 e:ShareCapital 2022-05-01 2023-04-30 02131677 e:ShareCapital 2023-04-30 02131677 e:ShareCapital 2022-05-01 02131677 e:SharePremium 2023-05-01 2024-04-30 02131677 e:SharePremium 2024-04-30 02131677 e:SharePremium 2022-05-01 2023-04-30 02131677 e:SharePremium 2023-04-30 02131677 e:SharePremium 2022-05-01 02131677 e:RevaluationReserve 2023-05-01 2024-04-30 02131677 e:RevaluationReserve 2024-04-30 02131677 e:RevaluationReserve 2022-05-01 2023-04-30 02131677 e:RevaluationReserve 2023-04-30 02131677 e:RevaluationReserve 2022-05-01 02131677 e:RevaluationReserve 6 2022-05-01 2023-04-30 02131677 e:OtherMiscellaneousReserve 2023-05-01 2024-04-30 02131677 e:OtherMiscellaneousReserve 2024-04-30 02131677 e:OtherMiscellaneousReserve 2022-05-01 2023-04-30 02131677 e:OtherMiscellaneousReserve 2023-04-30 02131677 e:OtherMiscellaneousReserve 2022-05-01 02131677 e:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 02131677 e:RetainedEarningsAccumulatedLosses 2024-04-30 02131677 e:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 02131677 e:RetainedEarningsAccumulatedLosses 2023-04-30 02131677 e:RetainedEarningsAccumulatedLosses 2022-05-01 02131677 d:FRS102 2023-05-01 2024-04-30 02131677 d:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02131677 d:FullAccounts 2023-05-01 2024-04-30 02131677 d:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02131677 6 2023-05-01 2024-04-30 02131677 e:AcceleratedTaxDepreciationDeferredTax 2024-04-30 02131677 e:AcceleratedTaxDepreciationDeferredTax 2023-04-30 02131677 e:OtherDeferredTax 2024-04-30 02131677 e:OtherDeferredTax 2023-04-30 02131677 f:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 02131677









CHANNACK CONSULTANCY CO. LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
CHANNACK CONSULTANCY CO. LIMITED
REGISTERED NUMBER: 02131677

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
47
56

Investment property
 5 
900,000
900,000

  
900,047
900,056

Current assets
  

Debtors: amounts falling due within one year
 6 
100,299
125,457

Cash at bank and in hand
 7 
19,180
25,544

  
119,479
151,001

Creditors: amounts falling due within one year
 8 
(11,725)
(39,244)

Net current assets
  
 
 
107,754
 
 
111,757

Total assets less current liabilities
  
1,007,801
1,011,813

Provisions for liabilities
  

Deferred tax
 9 
(107,967)
(107,967)

  
 
 
(107,967)
 
 
(107,967)

Net assets
  
899,834
903,846


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
62
62

Revaluation reserve
  
710,034
710,034

Other reserves
  
10
10

Profit and loss account
  
189,628
193,640

  
899,834
903,846


Page 1

 
CHANNACK CONSULTANCY CO. LIMITED
REGISTERED NUMBER: 02131677
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

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 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: 





P.G.M. Channack
Director

Date: 6 September 2024

The notes on pages 5 to 10 form part of these financial statements.

Page 2

 

 
CHANNACK CONSULTANCY CO. LIMITED


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024



Called up share capital
Share premium account
Revaluation reserve
Other reserves
Profit and loss account
Total equity


£
£
£
£
£
£


At 1 May 2023
100
62
710,034
10
193,640
903,846



Comprehensive income for the year


Profit for the year

-
-
-
-
38,238
38,238



Other comprehensive income for the year
-
-
-
-
-
-



Total comprehensive income for the year
-
-
-
-
38,238
38,238



Contributions by and distributions to owners


Dividends: Equity capital
-
-
-
-
(42,250)
(42,250)



Total transactions with owners
-
-
-
-
(42,250)
(42,250)



At 30 April 2024
100
62
710,034
10
189,628
899,834



The notes on pages 5 to 10 form part of these financial statements.

Page 3

 

 
CHANNACK CONSULTANCY CO. LIMITED


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2023



Called up share capital
Share premium account
Revaluation reserve
Other reserves
Profit and loss account
Total equity


£
£
£
£
£
£


At 1 May 2022
100
62
660,034
10
149,424
809,630



Comprehensive income for the year


Profit for the year

-
-
-
-
103,426
103,426


Surplus on revaluation of leasehold property
-
-
50,000
-
-
50,000



Other comprehensive income for the year
-
-
50,000
-
-
50,000



Total comprehensive income for the year
-
-
50,000
-
103,426
153,426



Contributions by and distributions to owners


Dividends: Equity capital
-
-
-
-
(59,210)
(59,210)



Total transactions with owners
-
-
-
-
(59,210)
(59,210)



At 30 April 2023
100
62
710,034
10
193,640
903,846



The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
CHANNACK CONSULTANCY CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Channack Consultancy Co. Limited is a private company limited by shares incorporated in England within the United Kingdom. The registered office is situated at 62-64 Northumbria Drive, Henleaze, Bristol BS9 4HW.

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 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 5

 
CHANNACK CONSULTANCY CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
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. 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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%

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

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 6

 
CHANNACK CONSULTANCY CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
-
8,767

-
8,767


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 7

 
CHANNACK CONSULTANCY CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 May 2023
3,998



At 30 April 2024

3,998



Depreciation


At 1 May 2023
3,942


Charge for the year on owned assets
9



At 30 April 2024

3,951



Net book value



At 30 April 2024
47



At 30 April 2023
56

Page 8

 
CHANNACK CONSULTANCY CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
900,000



At 30 April 2024
900,000

The 2024 valuations were made by the Director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
189,966
189,966

189,966
189,966


6.


Debtors

2024
2023
£
£


Trade debtors
12,500
18,908

Other debtors
87,799
106,549

100,299
125,457



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
19,180
25,544

19,180
25,544


Page 9

 
CHANNACK CONSULTANCY CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
8,971
27,177

Other creditors
1,794
10,807

Accruals and deferred income
960
1,260

11,725
39,244



9.


Deferred taxation




2024


£






At beginning of year
(107,967)



At end of year
(107,967)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(11)
(11)

Revaluation reserve
(107,956)
(107,956)

(107,967)
(107,967)

 
Page 10