Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-311Holding companyfalse2022-08-01false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12635423 2022-08-01 2023-07-31 12635423 2021-08-01 2022-07-31 12635423 2023-07-31 12635423 2022-07-31 12635423 2021-08-01 12635423 c:Director1 2022-08-01 2023-07-31 12635423 d:CurrentFinancialInstruments 2023-07-31 12635423 d:CurrentFinancialInstruments 2022-07-31 12635423 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12635423 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 12635423 d:ShareCapital 2022-08-01 2023-07-31 12635423 d:ShareCapital 2023-07-31 12635423 d:ShareCapital 2021-08-01 2022-07-31 12635423 d:ShareCapital 2022-07-31 12635423 d:ShareCapital 2021-08-01 12635423 d:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 12635423 d:RetainedEarningsAccumulatedLosses 2023-07-31 12635423 d:RetainedEarningsAccumulatedLosses 2021-08-01 2022-07-31 12635423 d:RetainedEarningsAccumulatedLosses 2022-07-31 12635423 d:RetainedEarningsAccumulatedLosses 2021-08-01 12635423 c:FRS102 2022-08-01 2023-07-31 12635423 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12635423 c:FullAccounts 2022-08-01 2023-07-31 12635423 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12635423 6 2022-08-01 2023-07-31 12635423 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 12635423









MINERVA FINANCIAL HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
MINERVA FINANCIAL HOLDINGS LIMITED
REGISTERED NUMBER: 12635423

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
As restated 2022
Note
£
£

Fixed assets
  

Fixed Asset Investments
 4 
2,474
2,474

  
2,474
2,474

Current assets
  

Debtors Within One Year
 5 
100
100

  
100
100

Creditors: Amounts Falling Due Within One Year
 6 
(2,474)
(2,474)

Net current liabilities
  
 
 
(2,374)
 
 
(2,374)

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


Page 1

 
MINERVA FINANCIAL HOLDINGS LIMITED
REGISTERED NUMBER: 12635423
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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 income statement 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: 






S Langford
Director

Date: 18 September 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
MINERVA FINANCIAL HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 August 2021
100
-
100
Total comprehensive income for the year
-
-
-



At 1 August 2022
100
-
100


Comprehensive income for the year

Profit for the year
-
152,510
152,510
Total comprehensive income for the year
-
152,510
152,510


Contributions by and distributions to owners

Dividends: Equity capital
-
(152,510)
(152,510)


Total transactions with owners
-
(152,510)
(152,510)


At 31 July 2023
100
-
100


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
MINERVA FINANCIAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

The principal activity of the company is that of a holding company.
The Company is a private company limited by shares and is incorporated in England and Wales.
The registered office is 35 Ballards Lane, London, N3 1XW.

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

At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income Statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.4

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors and loans to and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprohensive income. 
 
Page 4

 
MINERVA FINANCIAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)


2.4
Financial instruments (continued)


Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.5

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 1 (2022 - 1).

Page 5

 
MINERVA FINANCIAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 August 2022 (as previously stated)
68


Prior Year Adjustment

2,406


At 1 August 2022 (as restated)
2,474



At 31 July 2023
2,474




Page 6

 
MINERVA FINANCIAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Debtors

2023
2022
£
£


Unpaid share capital
100
100

100
100



6.


Creditors: Amounts falling due within one year

As restated
2023
2022
£
£

Other creditors
2,474
2,474

2,474
2,474



7.


Prior year adjustment

The comparative figures have been restated from the figures previously reported. 
This has resulted in an increase to fixed asset investment of £2,406 with a corresponding increase in other creditors of £2,406.
There has been no impact to net assets or results as previously reported. 

Page 7