Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-0124truetruefalse 12099417 2023-01-01 2023-12-31 12099417 2022-01-01 2022-12-31 12099417 2023-12-31 12099417 2022-12-31 12099417 c:Director1 2023-01-01 2023-12-31 12099417 d:ComputerEquipment 2023-01-01 2023-12-31 12099417 d:ComputerEquipment 2023-12-31 12099417 d:ComputerEquipment 2022-12-31 12099417 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12099417 d:CurrentFinancialInstruments 2023-12-31 12099417 d:CurrentFinancialInstruments 2022-12-31 12099417 d:Non-currentFinancialInstruments 2023-12-31 12099417 d:Non-currentFinancialInstruments 2022-12-31 12099417 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12099417 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12099417 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12099417 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12099417 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 12099417 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 12099417 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 12099417 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 12099417 d:ShareCapital 2023-12-31 12099417 d:ShareCapital 2022-12-31 12099417 d:CapitalRedemptionReserve 2023-12-31 12099417 d:CapitalRedemptionReserve 2022-12-31 12099417 d:RetainedEarningsAccumulatedLosses 2023-12-31 12099417 d:RetainedEarningsAccumulatedLosses 2022-12-31 12099417 c:FRS102 2023-01-01 2023-12-31 12099417 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12099417 c:FullAccounts 2023-01-01 2023-12-31 12099417 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12099417 2 2023-01-01 2023-12-31 12099417 6 2023-01-01 2023-12-31 12099417 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12099417









AURUM HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
AURUM HOLDINGS LIMITED
REGISTERED NUMBER: 12099417

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
3,516
-

Investments
 5 
2
2

  
3,518
2

Current assets
  

Debtors: amounts falling due within one year
 6 
33,477
391,253

Cash at bank and in hand
 7 
5,811
3,124

  
39,288
394,377

Creditors: amounts falling due within one year
 8 
(62,895)
(137,916)

Net current (liabilities)/assets
  
 
 
(23,607)
 
 
256,461

Total assets less current liabilities
  
(20,089)
256,463

Creditors: amounts falling due after more than one year
 9 
(15,940)
(27,192)

  

Net (liabilities)/assets
  
(36,029)
229,271


Capital and reserves
  

Called up share capital 
  
100
100

Capital redemption reserve
  
(40,000)
(40,000)

Profit and loss account
  
3,871
269,171

Total equity
  
(36,029)
229,271


Page 1

 
AURUM HOLDINGS LIMITED
REGISTERED NUMBER: 12099417
    
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 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: 




................................................
M Walsh
Director

Date: 19 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
AURUM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Aurum Holdings Limited is a private company limited by shares. The Company is incorporated in England and Wales and the registered office is 29-31 Seymour Terrace, Seymour Street, Liverpool, England, L3 5PE. 

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

Going concern

The financial statements have been prepared on a going concern basis notwithstanding that there is a deficiency of assets at the year end. The shareholder of the company has agreed to continue supporting the company to meet its working capital requirement and obligations. On this basis, the directors consider it appropriate to prepare the financial statement on a going concern basis.

 
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

Interest income

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

 
2.5

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 3

 
AURUM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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.

 
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.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.
Page 4

 
AURUM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)


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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments 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.

 
2.14

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

The average monthly number of employees, including directors, during the year was 2 (2022 - 4).

Page 5

 
AURUM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
4,125



At 31 December 2023

4,125



Depreciation


Charge for the year on owned assets
609



At 31 December 2023

609



Net book value



At 31 December 2023
3,516



At 31 December 2022
-


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
2



At 31 December 2023
2




Page 6

 
AURUM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
-
5,220

Amounts owed by group companies
17,463
191,938

Other debtors
16,014
192,220

Prepayments and accrued income
-
1,875

33,477
391,253



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
5,811
3,124



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
11,252
11,252

Trade creditors
604
9,799

Corporation tax
22,911
36,830

Other taxation and social security
27,878
75,399

Other creditors
250
2,236

Accruals and deferred income
-
2,400

62,895
137,916


Page 7

 
AURUM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,940
27,192


The following liabilities were secured:

2023
2022
£
£



Bank loans
27,192
38,444

Details of security provided:

The bank loan is secured by a fixed charge over the property and a floating charge over the property and undertakings of the company.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
11,252
11,252

Amounts falling due 1-2 years

Bank loans
11,252
11,252

Amounts falling due 2-5 years

Bank loans
4,688
15,940

27,192
38,444


 
Page 8