Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-313No description of principal activityfalse2023-04-01true3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10757714 2023-04-01 2024-03-31 10757714 2022-04-01 2023-03-31 10757714 2024-03-31 10757714 2023-03-31 10757714 2022-04-01 10757714 c:Director4 2023-04-01 2024-03-31 10757714 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2024-03-31 10757714 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2023-03-31 10757714 d:CurrentFinancialInstruments 2024-03-31 10757714 d:CurrentFinancialInstruments 2023-03-31 10757714 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10757714 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10757714 d:ShareCapital 2024-03-31 10757714 d:ShareCapital 2023-03-31 10757714 d:CapitalRedemptionReserve 2024-03-31 10757714 d:CapitalRedemptionReserve 2023-03-31 10757714 d:RetainedEarningsAccumulatedLosses 2024-03-31 10757714 d:RetainedEarningsAccumulatedLosses 2023-03-31 10757714 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 10757714 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 10757714 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 10757714 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 10757714 c:FRS102 2023-04-01 2024-03-31 10757714 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10757714 c:FullAccounts 2023-04-01 2024-03-31 10757714 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10757714 2 2023-04-01 2024-03-31 10757714 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10757714









ARK CAPITAL INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
ARK CAPITAL INVESTMENTS LIMITED
REGISTERED NUMBER: 10757714

BALANCE SHEET
AS AT 31 MARCH 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
11,556,379
9,960,056

  
11,556,379
9,960,056

Current assets
  

Debtors: amounts falling due within one year
 5 
-
435

Cash at bank and in hand
  
337,540
639,750

  
337,540
640,185

Creditors: amounts falling due within one year
 6 
(137,110)
(16,771)

Net current assets
  
 
 
200,430
 
 
623,414

Provisions for liabilities
  

Deferred Taxation
 7 
(300,405)
(54,920)

Net assets
  
11,456,404
10,528,550


Capital and reserves
  

Called up share capital 
  
9,700,000
9,700,000

Capital redemption reserve
  
4,200
4,200

Retained earnings
  
1,752,204
824,350

Shareholders' funds
  
11,456,404
10,528,550


Page 1

 
ARK CAPITAL INVESTMENTS LIMITED
REGISTERED NUMBER: 10757714
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 and delivered 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 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: 






N Hopkin
Director

Date: 21 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ARK CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Ark Capital Investments Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number 10757714). The registered office address is 16 Great Queen Street, London, WC2B 5DG.

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.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast doubt on the Company's ability 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.

 
2.4

Interest income

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

Page 3

 
ARK CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument. 
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.
Interest bearing bank loans, overdrafts and other loans which meet the criteria to be classified as basic financial instruments are initially recorded at the present value of cash payable to the bank, which is ordinarily equal to the proceeds received net of direct issue costs. These liabilities are subsequently measured at amortised cost, using the effective interest rate method. 

Page 4

 
ARK CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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, 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.

 
2.7

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 3 (2023 - 3).

Page 5

 
ARK CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Listed investments

£



Valuation


At 1 April 2023
9,960,056


Additions
9,938,897


Disposals
(9,553,747)


Revaluations
1,211,173



At 31 March 2024
11,556,379





5.


Debtors

2024
2023
£
£


Other debtors
-
435



6.


Creditors: Amounts falling due within one year

As restated
2024
2023
£
£

Corporation tax
107,238
-

Other creditors
-
7,399

Accruals and deferred income
29,872
9,372

137,110
16,771


There is a fixed charge held over the company's assets, by UBS AG, London Branch, as per the terms of the Certificate of Registration, dated 30 May 2017 and delivered on 15 June 2017. At the year end, this charge remains outstanding.

Page 6

 
ARK CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Deferred taxation




2024
2023


£

£






At beginning of year
54,920
127,443


Charged to profit or loss
(245,485)
72,523



At end of year
300,405
54,920

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Capital gains
300,405
66,633

Losses and other deductions
-
(11,713)

300,405
54,920


8.


Prior year adjustment

The comparative figures on the Statement of Income and Retained Earnings and Balance Sheet have been restated so as to recognise interim dividends on a paid, rather than accruals basis. 


9.


Related party transactions

During the year, a director repaid loans to the Company totalling £435 (2023 - £Nil). At the year end, the director owed the Company £Nil (2023 - £435). This loan was unsecured, interest free and repayable on demand.


10.


Controlling party

The directors do not consider there to be an ultimate controlling party.

 
Page 7