Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalseOther business support service activities not elsewhere classified2023-01-01false68trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06900771 2023-01-01 2023-12-31 06900771 2022-01-01 2022-12-31 06900771 2023-12-31 06900771 2022-12-31 06900771 c:Director1 2023-01-01 2023-12-31 06900771 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 06900771 d:Buildings d:LongLeaseholdAssets 2023-12-31 06900771 d:Buildings d:LongLeaseholdAssets 2022-12-31 06900771 d:OfficeEquipment 2023-01-01 2023-12-31 06900771 d:OfficeEquipment 2023-12-31 06900771 d:OfficeEquipment 2022-12-31 06900771 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06900771 d:ComputerEquipment 2023-01-01 2023-12-31 06900771 d:ComputerEquipment 2023-12-31 06900771 d:ComputerEquipment 2022-12-31 06900771 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06900771 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06900771 d:CurrentFinancialInstruments 2023-12-31 06900771 d:CurrentFinancialInstruments 2022-12-31 06900771 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06900771 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06900771 d:ShareCapital 2023-12-31 06900771 d:ShareCapital 2022-12-31 06900771 d:RetainedEarningsAccumulatedLosses 2023-12-31 06900771 d:RetainedEarningsAccumulatedLosses 2022-12-31 06900771 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 06900771 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 06900771 c:FRS102 2023-01-01 2023-12-31 06900771 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06900771 c:FullAccounts 2023-01-01 2023-12-31 06900771 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06900771 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 06900771 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 06900771 2 2023-01-01 2023-12-31 06900771 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 06900771









DIADEM PERFORMANCE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DIADEM PERFORMANCE LIMITED
REGISTERED NUMBER: 06900771

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,903
8,573

  
4,903
8,573

Current assets
  

Debtors: amounts falling due within one year
 5 
84,310
172,741

Cash at bank and in hand
 6 
910,287
874,007

  
994,597
1,046,748

Creditors: amounts falling due within one year
 7 
(280,094)
(435,264)

Net current assets
  
 
 
714,503
 
 
611,484

Total assets less current liabilities
  
719,406
620,057

Provisions for liabilities
  

Deferred tax
 9 
(1,226)
(1,559)

  
 
 
(1,226)
 
 
(1,559)

Net assets
  
718,180
618,498


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
718,080
618,398

  
718,180
618,498


Page 1

 
DIADEM PERFORMANCE LIMITED
REGISTERED NUMBER: 06900771
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 her 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 comprehensive income 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 on 16 September 2024.


N S Soames
Director

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

Page 2

 
DIADEM PERFORMANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Diadem Performance Limited is a company limited by shares, incorporated in England and Wales.
The principal activity of the company was that of consultancy 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 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 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.

 
2.3

Interest income

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

 
2.4

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.

Page 3

 
DIADEM PERFORMANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

 
2.6

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
-
25% straight line
Office equipment
-
25% straight line
Computer equipment
-
33% straight line

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 4

 
DIADEM PERFORMANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.11

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 6 (2022 - 8).

Page 5

 
DIADEM PERFORMANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Leasehold improvements
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
28,228
40,369
38,062
106,659


Additions
-
-
2,373
2,373



At 31 December 2023

28,228
40,369
40,435
109,032



Depreciation


At 1 January 2023
28,228
36,212
33,646
98,086


Charge for the year on owned assets
-
1,547
4,497
6,044



At 31 December 2023

28,228
37,759
38,143
104,130



Net book value



At 31 December 2023
-
2,610
2,292
4,902



At 31 December 2022
-
4,157
4,416
8,573


5.


Debtors

2023
2022
£
£


Trade debtors
66,810
172,373

Prepayments and accrued income
17,500
368

84,310
172,741



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
910,287
874,007

910,287
874,007


Page 6

 
DIADEM PERFORMANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,173
287

Corporation tax
106,020
115,496

Other taxation and social security
44,307
95,200

Other creditors
14,964
16,910

Accruals and deferred income
111,630
207,371

280,094
435,264



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
910,287
874,007




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


9.


Deferred taxation




2023


£






At beginning of year
(1,559)


Charged to profit or loss
333



At end of year
(1,226)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(1,226)
(1,559)

(1,226)
(1,559)

Page 7

 
DIADEM PERFORMANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Provisions










At 31 December 2023


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £25,466 (2022: £81,598). Contributions totalling £nil (2022: £nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 8