Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2023-01-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09477752 2023-01-01 2023-12-31 09477752 2022-01-01 2022-12-31 09477752 2023-12-31 09477752 2022-12-31 09477752 c:CompanySecretary1 2023-01-01 2023-12-31 09477752 c:Director1 2023-01-01 2023-12-31 09477752 c:RegisteredOffice 2023-01-01 2023-12-31 09477752 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 09477752 d:Buildings d:ShortLeaseholdAssets 2023-12-31 09477752 d:Buildings d:ShortLeaseholdAssets 2022-12-31 09477752 d:FurnitureFittings 2023-01-01 2023-12-31 09477752 d:FurnitureFittings 2023-12-31 09477752 d:FurnitureFittings 2022-12-31 09477752 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09477752 d:OfficeEquipment 2023-01-01 2023-12-31 09477752 d:OfficeEquipment 2023-12-31 09477752 d:OfficeEquipment 2022-12-31 09477752 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09477752 d:ComputerEquipment 2023-01-01 2023-12-31 09477752 d:ComputerEquipment 2023-12-31 09477752 d:ComputerEquipment 2022-12-31 09477752 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09477752 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09477752 d:CurrentFinancialInstruments 2023-12-31 09477752 d:CurrentFinancialInstruments 2022-12-31 09477752 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09477752 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09477752 d:ShareCapital 2023-12-31 09477752 d:ShareCapital 2022-12-31 09477752 d:RetainedEarningsAccumulatedLosses 2023-12-31 09477752 d:RetainedEarningsAccumulatedLosses 2022-12-31 09477752 c:FRS102 2023-01-01 2023-12-31 09477752 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09477752 c:FullAccounts 2023-01-01 2023-12-31 09477752 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09477752 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 09477752







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


MICOTA CAPITAL LIMITED






































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MICOTA CAPITAL LIMITED
 



CONTENTS



Page
Company information
1
Statement of financial position
2
Notes to the financial statements
3 - 6


 


MICOTA CAPITAL LIMITED
 


 
COMPANY INFORMATION


Director
A L Foglio 




Company secretary
T&H Secretarial Services Limited



Registered number
09477752



Registered office
3 Bunhill Row

London

EC1Y 8YZ




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT




Page 1

 


MICOTA CAPITAL LIMITED
REGISTERED NUMBER:09477752



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
234,850
243,205

  
234,850
243,205

Current assets
  

Debtors: amounts falling due within one year
 5 
180,533
52,042

Cash at bank and in hand
  
48,853
50,134

  
229,386
102,176

Creditors: amounts falling due within one year
 6 
(11,967)
(15,704)

Net current assets
  
 
 
217,419
 
 
86,472

Total assets less current liabilities
  
452,269
329,677

  

Net assets
  
452,269
329,677


Capital and reserves
  

Called up share capital 
  
115
1

Profit and loss account
  
452,154
329,676

  
452,269
329,677


The director considers 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 director acknowledges his 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: 



A L Foglio
Director
Date: 17 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


MICOTA CAPITAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Micota Capital Limited is a private company, limited by shares, registered in England and Wales and company registration number 09477752. The address of the registered office and principal place of business are given on the company information page.
 The principal activity of the company is that of providing asset management services.

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.

  
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. 
Revenue relates to advisory services provided by the Company. The Company receives income of one-off arrangement fees and recurring management fees for acting as intermediary between parties wishing to invest and businesses looking for investment.

 
2.3

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:

Leasehold improvements
-
10%
Fixtures and fittings
-
20%
Office equipment
-
33%
Computer equipment
-
33%

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 3

 


MICOTA CAPITAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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 except when deferred in other comprehensive income as qualifying cash flow hedges.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 -1).

Page 4

 


MICOTA CAPITAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Leasehold improvements
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
207,422
39,110
-
6,497
253,029


Additions
-
-
24,407
1,326
25,733



At 31 December 2023

207,422
39,110
24,407
7,823
278,762



Depreciation


At 1 January 2023
3,457
1,307
-
5,060
9,824


Charge for the year on owned assets
20,742
7,844
4,642
860
34,088



At 31 December 2023

24,199
9,151
4,642
5,920
43,912



Net book value



At 31 December 2023
183,223
29,959
19,765
1,903
234,850



At 31 December 2022
203,965
37,803
-
1,437
243,205


5.


Debtors

2023
2022
£
£


Trade debtors
146,338
7,002

Other debtors
19,867
6,432

Prepayments and accrued income
14,328
38,608

180,533
52,042


Page 5

 


MICOTA CAPITAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,699
323

Other creditors
5,151
1,241

Accruals and deferred income
4,117
14,140

11,967
15,704


 
Page 6