Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11732378 2023-01-01 2023-12-31 11732378 2022-01-01 2022-12-31 11732378 2023-12-31 11732378 2022-12-31 11732378 c:Director2 2023-01-01 2023-12-31 11732378 d:OfficeEquipment 2023-01-01 2023-12-31 11732378 d:OfficeEquipment 2023-12-31 11732378 d:OfficeEquipment 2022-12-31 11732378 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11732378 d:CurrentFinancialInstruments 2023-12-31 11732378 d:CurrentFinancialInstruments 2022-12-31 11732378 d:Non-currentFinancialInstruments 2023-12-31 11732378 d:Non-currentFinancialInstruments 2022-12-31 11732378 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11732378 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11732378 d:ShareCapital 2023-12-31 11732378 d:ShareCapital 2022-12-31 11732378 d:RetainedEarningsAccumulatedLosses 2023-12-31 11732378 d:RetainedEarningsAccumulatedLosses 2022-12-31 11732378 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11732378 c:OrdinaryShareClass1 2023-12-31 11732378 c:OrdinaryShareClass1 2022-12-31 11732378 c:FRS102 2023-01-01 2023-12-31 11732378 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11732378 c:FullAccounts 2023-01-01 2023-12-31 11732378 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11732378 2 2023-01-01 2023-12-31 11732378 6 2023-01-01 2023-12-31 11732378 2 2023-12-31 11732378 2 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11732378









ASHTREE STRATEGIC ADVISORS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ASHTREE STRATEGIC ADVISORS LIMITED
REGISTERED NUMBER: 11732378

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 5 
1,197
-

Investments
 6 
210,099
30,000

  
211,296
30,000

Current assets
  

Debtors: amounts falling due after more than one year
 7 
15,507
-

Debtors: amounts falling due within one year
 7 
126,635
283,513

Cash at bank and in hand
 8 
289,241
223,700

  
431,383
507,213

Creditors: amounts falling due within one year
 9 
(159,321)
(223,677)

Net current assets
  
 
 
272,062
 
 
283,536

Total assets less current liabilities
  
483,358
313,536

  

Net assets
  
483,358
313,536


Capital and reserves
  

Called up share capital 
 10 
155,000
155,000

Profit and loss account
  
328,358
158,536

  
483,358
313,536


Page 1

 
ASHTREE STRATEGIC ADVISORS LIMITED
REGISTERED NUMBER: 11732378
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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: 




................................................
X Freixes Portes
Director

Date: 19 April 2024

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
ASHTREE STRATEGIC ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Ashtree Strategic Advisors Limited is a private company, limited by shares and is incorporated in England & Wales. The company's registered number is 11732378 and the registered office address is 45 Gresham Street, London, EC2V 7BG.

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 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 (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis.
The directors have carefully reviewed the future prospects of the company and its future cashflows, having assessed this, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being at least the next 12 months from signing these financial statements, For this reason the directors adopt the going concern basis for the preparation of the financial statements. Accordingly, these financial statements do not include any adjustments to the carrying amount or classification of assets and liabilities that would result if the company was unable to continue as a going concern.

 
2.3

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.

Page 3

 
ASHTREE STRATEGIC ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

Interest income

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

 
2.7

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.

Page 4

 
ASHTREE STRATEGIC ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

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 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.

 
2.9

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
30%

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.

Page 5

 
ASHTREE STRATEGIC ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 6

 
ASHTREE STRATEGIC ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.14

Financial instruments

Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 

Page 7

 
ASHTREE STRATEGIC ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.14
Financial instruments (continued)

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

 
2.15

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 8

 
ASHTREE STRATEGIC ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgements and
estimates. The items in the financial statements where these judgements and estimates have been
made include:
Judgements
Investments - indicators of impairment
At each reporting date, Section 27 of FRS 102 requires management to assess whether there are any
factors which could indicate that the investments are impaired in value. This assessment requires the
exercise of judgement.
As at the reporting date, management considered that there were no impairment indicators and
therefore there is no requirement to re-assess the carrying value of investments.
Assessment of loan interest
In accordance with the accounting policies above, at the inception of a loan, management have to
assess if the interest rate equates to a market rate of interest. If the interest rate is judged not to be a
market rate, then the carrying value of the loan is adjusted to reflect the net benefit or cost arising and subsequently the loan interest is based on the estimated market rate interest and the adjusted loan value.
Management’s judgement was that the interest rate applicable is reflective of the market rate (see note 7).
Estimates
The financial statements do not include any material estimates. No significant judgements have had to be made by the directors in preparing these financial statements.  


4.


Employees

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

Page 9

 
ASHTREE STRATEGIC ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
963


Additions
1,350



At 31 December 2023

2,313



Depreciation


At 1 January 2023
963


Charge for the year on owned assets
153



At 31 December 2023

1,116



Net book value



At 31 December 2023
1,197



At 31 December 2022
-


6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2023
30,000


Additions
180,099



At 31 December 2023
210,099






Net book value



At 31 December 2023
210,099



At 31 December 2022
30,000

Page 10

 
ASHTREE STRATEGIC ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
15,507
-

15,507
-


On 30 July 2023 the company received a fixed rate, unsecured, convertible loan note for a consideration of £15,000. The loan note carries interest at 8% per annum and is repayable in July 2028.

2023
2022
£
£

Due within one year

Other debtors
1,961
161,245

Prepayments and accrued income
124,674
122,268

126,635
283,513



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
289,241
223,700

289,241
223,700



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
328
-

Corporation tax
26,321
67,206

Other creditors
125,059
149,252

Accruals and deferred income
7,613
7,219

159,321
223,677


Page 11

 
ASHTREE STRATEGIC ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



155,000 (2022 - 155,000) Ordinary shares of £1.00 each
155,000
155,000



11.


Related party transactions

At the balance sheet date, the company owed £125,059 (2022: £149,252)  to the directors of the company. The loan is unsecured, interest free and is repayable on demand. 
 

 
Page 12