Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-01falseManagement consultancy activities other than financial management22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10490495 2023-01-01 2023-12-31 10490495 2022-01-01 2022-12-31 10490495 2023-12-31 10490495 2022-12-31 10490495 c:Director1 2023-01-01 2023-12-31 10490495 d:PlantMachinery 2023-01-01 2023-12-31 10490495 d:PlantMachinery 2023-12-31 10490495 d:PlantMachinery 2022-12-31 10490495 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10490495 d:CurrentFinancialInstruments 2023-12-31 10490495 d:CurrentFinancialInstruments 2022-12-31 10490495 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10490495 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10490495 d:ShareCapital 2023-12-31 10490495 d:ShareCapital 2022-12-31 10490495 d:RetainedEarningsAccumulatedLosses 2023-12-31 10490495 d:RetainedEarningsAccumulatedLosses 2022-12-31 10490495 c:FRS102 2023-01-01 2023-12-31 10490495 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10490495 c:FullAccounts 2023-01-01 2023-12-31 10490495 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10490495 2 2023-01-01 2023-12-31 10490495 6 2023-01-01 2023-12-31 10490495 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure


















21st Century Design Management Ltd























Unaudited

Financial statements



For the year ended 31 December 2023



Registered number: 10490495

 
21st Century Design Management Ltd - Registered number:10490495


Statement of financial position
As at 31 December 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
2,220
754

Investments
 5 
316,500
300,768

  
318,720
301,522

Current assets
  

Debtors: amounts falling due within one year
 6 
338,212
427,582

Cash at bank and in hand
  
639,064
1,593,403

  
977,276
2,020,985

Creditors: amounts falling due within one year
 7 
(1,085,643)
(1,845,832)

Net current (liabilities)/assets
  
 
 
(108,367)
 
 
175,153

Total assets less current liabilities
  
210,353
476,675

  

Net assets
  
210,353
476,675


Capital and reserves
  

Share capital
  
100
100

Profit and loss account
  
210,253
476,575

  
210,353
476,675


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.
Page 1

 
21st Century Design Management Ltd - Registered number:10490495


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 M Sheehan
Director

Date: 9 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
21st Century Design Management Ltd
 
 

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

1.


General information

21st Century Design Management Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business is 78 York Street, London, United Kingdom, W1H 1DP. The company registration number is 10490495.

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' ('FRS102') 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

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.

Page 3

 
21st Century Design Management Ltd
 

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

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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 charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.7

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 4

 
21st Century Design Management Ltd
 

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

2.Accounting policies (continued)


2.7
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:

Plant and machinery
-
5 years.

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.

 
2.8

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Debtors

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

 
2.10

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.11

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.

 
2.12

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, loans from banks and other third
parties, loans to related parties and investments in ordinary shares.

 
2.13

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.

Page 5

 
21st Century Design Management Ltd
 
 

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

3.


Employees

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


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2023
9,616


Additions
2,205



At 31 December 2023

11,821



Depreciation


At 1 January 2023
8,862


Charge for the year on owned assets
739



At 31 December 2023

9,601



Net book value



At 31 December 2023
2,220



At 31 December 2022
754


5.


Fixed asset investments





Investments

£



Cost or valuation


At 1 January 2023
300,768


Additions
4,731


Revaluations
11,001



At 31 December 2023
316,500




Page 6

 
21st Century Design Management Ltd
 
 

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

6.


Debtors

2023
2022
£
£


Trade debtors
338,212
427,582

338,212
427,582



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
177,866
157,302

Other taxation and social security
113,184
144,512

Other creditors
788,268
1,538,268

Accruals and deferred income
6,325
5,750

1,085,643
1,845,832



Page 7