Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-052024-04-052023-04-06falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11532183 2023-04-06 2024-04-05 11532183 2022-09-01 2023-04-05 11532183 2024-04-05 11532183 2023-04-05 11532183 c:Director1 2023-04-06 2024-04-05 11532183 c:Director2 2023-04-06 2024-04-05 11532183 c:RegisteredOffice 2023-04-06 2024-04-05 11532183 d:OfficeEquipment 2023-04-06 2024-04-05 11532183 d:OfficeEquipment 2024-04-05 11532183 d:OfficeEquipment 2023-04-05 11532183 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 11532183 d:CurrentFinancialInstruments 2024-04-05 11532183 d:CurrentFinancialInstruments 2023-04-05 11532183 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-05 11532183 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 11532183 d:ShareCapital 2024-04-05 11532183 d:ShareCapital 2023-04-05 11532183 d:RetainedEarningsAccumulatedLosses 2024-04-05 11532183 d:RetainedEarningsAccumulatedLosses 2023-04-05 11532183 c:FRS102 2023-04-06 2024-04-05 11532183 c:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 11532183 c:FullAccounts 2023-04-06 2024-04-05 11532183 c:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 11532183 2 2023-04-06 2024-04-05 iso4217:GBP xbrli:pure
Company registration number: 11532183







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
5 APRIL 2024


INTEGRITAS VENTURES LIMITED






































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INTEGRITAS VENTURES LIMITED
 


 
COMPANY INFORMATION


Directors
J L Morrison 
K J Morrison 




Registered number
11532183



Registered office
Ashcombe House
5 The Crescent

Leatherhead

Surrey

KT22 8DY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


INTEGRITAS VENTURES LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


INTEGRITAS VENTURES LIMITED
REGISTERED NUMBER:11532183



STATEMENT OF FINANCIAL POSITION
AS AT 5 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,151
2,938

  
2,151
2,938

Current assets
  

Debtors: amounts falling due within one year
 5 
722
551

Cash at bank and in hand
  
33,618
105,405

  
34,340
105,956

Creditors: amounts falling due within one year
 6 
(11,470)
(32,377)

Net current assets
  
 
 
22,870
 
 
73,579

Total assets less current liabilities
  
25,021
76,517

  

Net assets
  
25,021
76,517


Capital and reserves
  

Allotted, called up and fully paid share capital
  
2
2

Profit and loss account
  
25,019
76,515

  
25,021
76,517


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

 


INTEGRITAS VENTURES LIMITED
REGISTERED NUMBER:11532183


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 5 APRIL 2024


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: 


K J Morrison
Director

Date: 9 September 2024

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

Page 2

 


INTEGRITAS VENTURES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1.


General information

Integritas Ventures Limited is a private company limited by shares and incorporated in England and Wales. The company's principal place of business is Twinoaks, Cobham, Surrey, KT11 2QP. The address of the registered office is disclosed on the company information page. 
During the previous period, the accounting reference date was shortened from 31 August 2023 to 5 April 2023 to align with the personal tax fiscal year. These accounts are presented for a twelve month period, and therefore are not directly comparable.

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 the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue is derived from the provision of consultancy services and 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.

 
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 the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 


INTEGRITAS VENTURES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.6

Current and deferred 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date.

 
2.7

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.

 
2.8

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

 


INTEGRITAS VENTURES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)


2.8
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 basis

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 the Statement of income and retained earnings.

 
2.9

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.


3.


Employees

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

Page 5

 


INTEGRITAS VENTURES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 6 April 2023
8,119


Additions
805



At 5 April 2024

8,924



Depreciation


At 6 April 2023
5,181


Charge for the year
1,592



At 5 April 2024

6,773



Net book value



At 5 April 2024
2,151



At 5 April 2023
2,938


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
722
551

722
551



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
50
26,214

Other taxation and social security
6,050
-

Other creditors
768
487

Accruals and deferred income
4,602
5,676

11,470
32,377


Page 6

 


INTEGRITAS VENTURES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

7.


Transactions with directors

2024
2023
£
£



Outstanding at the begining of the year/period
(487)
(603)

Amounts advanced
453
12,529

Amounts repaid
(734)
(12,413)

Outstanding at the year/period end
(768)
(487)

This loan is interest free and repayable on demand.

 
Page 7