Caseware UK (AP4) 2023.0.135 2023.0.135 true2023-01-01falseNo description of principal activitytrue 08205486 2023-01-01 2023-12-31 08205486 2022-01-01 2022-12-31 08205486 2023-12-31 08205486 2022-12-31 08205486 2022-01-01 08205486 c:Director1 2023-01-01 2023-12-31 08205486 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 08205486 d:Buildings d:ShortLeaseholdAssets 2023-12-31 08205486 d:Buildings d:ShortLeaseholdAssets 2022-12-31 08205486 d:ComputerEquipment 2023-01-01 2023-12-31 08205486 d:ComputerEquipment 2023-12-31 08205486 d:ComputerEquipment 2022-12-31 08205486 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08205486 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08205486 d:CurrentFinancialInstruments 2023-12-31 08205486 d:CurrentFinancialInstruments 2022-12-31 08205486 d:Non-currentFinancialInstruments 2023-12-31 08205486 d:Non-currentFinancialInstruments 2022-12-31 08205486 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08205486 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08205486 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08205486 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 08205486 d:ShareCapital 2023-01-01 2023-12-31 08205486 d:ShareCapital 2023-12-31 08205486 d:ShareCapital 2022-01-01 2022-12-31 08205486 d:ShareCapital 2022-12-31 08205486 d:ShareCapital 2022-01-01 08205486 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 08205486 d:RetainedEarningsAccumulatedLosses 2023-12-31 08205486 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 08205486 d:RetainedEarningsAccumulatedLosses 2022-12-31 08205486 d:RetainedEarningsAccumulatedLosses 2022-01-01 08205486 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 08205486 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 08205486 c:FRS102 2023-01-01 2023-12-31 08205486 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08205486 c:FullAccounts 2023-01-01 2023-12-31 08205486 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08205486 d:WithinOneYear 2023-12-31 08205486 d:WithinOneYear 2022-12-31 08205486 d:BetweenOneFiveYears 2023-12-31 08205486 d:BetweenOneFiveYears 2022-12-31 08205486 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure


















Northlight Investment Services Limited























Unaudited

Financial statements



for the year ended 31 December 2023



Registered number: 08205486

 
Northlight Investment Services Limited - Registered number: 08205486

Statement of financial position
as at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,882
7,319

  
8,882
7,319

Current assets
  

Debtors: amounts falling due after more than one year
 5 
89,502
90,395

Debtors: amounts falling due within one year
 5 
1,257,226
646,182

Cash at bank and in hand
  
75,228
187,804

  
1,421,956
924,381

Creditors: amounts falling due within one year
 6 
(749,872)
(150,121)

Net current assets
  
 
 
672,084
 
 
774,260

Total assets less current liabilities
  
680,966
781,579

Creditors: amounts falling due after more than one year
 7 
(27,103)
-

Provisions for liabilities
  

Deferred tax
 8 
(1,720)
-

  
 
 
(1,720)
 
 
-

Net assets
  
652,143
781,579


Capital and reserves
  

Called up share capital 
  
25,000
25,000

Profit and loss account
  
627,143
756,579

  
652,143
781,579


Page 1

 
Northlight Investment Services Limited - Registered number: 08205486

Statement of financial position (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 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 by: 




C J G Armleder
Director

Date: 18 September 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
Northlight Investment Services Limited


Statement of changes in equity
for the year ended 31 December 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
25,000
711,041
736,041


Comprehensive income for the year

Profit for the year
-
45,538
45,538
Total comprehensive income for the year
-
45,538
45,538


Total transactions with owners
-
-
-



At 1 January 2023
25,000
756,579
781,579


Comprehensive income for the year

Profit for the year
-
70,564
70,564
Total comprehensive income for the year
-
70,564
70,564


Contributions by and distributions to owners

Dividends: Equity capital
-
(200,000)
(200,000)


Total transactions with owners
-
(200,000)
(200,000)


At 31 December 2023
25,000
627,143
652,143


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
Northlight Investment Services Limited

 
Notes to the financial statements
for the year ended 31 December 2023

1.


General information

Northlight Investment Services Limited is a private company limited by shares incorporated in England and
Wales. Its registered office and principal place of business is 33 Glasshouse Street, London, W1B 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 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

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
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.

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss within 'administrative expenses'.

Page 4

 
Northlight Investment Services Limited

Notes to the financial statements
for the year ended 31 December 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
Northlight Investment Services Limited

Notes to the financial statements
for the year ended 31 December 2023

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 reporting 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 reporting 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 reporting date.

 
2.7

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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%
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 6

 
Northlight Investment Services Limited

Notes to the financial statements
for the year ended 31 December 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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

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 - 5).


4.


Tangible fixed assets





Leasehold improvements
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
2,501
89,331
91,832


Additions
-
5,789
5,789



At 31 December 2023

2,501
95,120
97,621



Depreciation


At 1 January 2023
250
84,263
84,513


Charge for the year on owned assets
250
3,976
4,226



At 31 December 2023

500
88,239
88,739



Net book value



At 31 December 2023
2,001
6,881
8,882



At 31 December 2022
2,251
5,068
7,319

Page 7

 
Northlight Investment Services Limited

 
Notes to the financial statements
for the year ended 31 December 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
89,502
89,502

Deferred tax asset
-
893

89,502
90,395


2023
2022
£
£

Due within one year

Trade debtors
52,600
-

Other debtors
36,722
41,596

Prepayments and accrued income
1,167,904
604,586

1,257,226
646,182



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
5,445
10,038

Corporation tax
29,616
13,629

Other taxation and social security
158,472
47,109

Other creditors
2,001
5,292

Accruals and deferred income
554,338
74,053

749,872
150,121



7.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Accruals and deferred income
27,103
-

27,103
-


Page 8

 
Northlight Investment Services Limited

 
Notes to the financial statements
for the year ended 31 December 2023

8.


Deferred taxation




2023


£






At beginning of year
893


Charged to profit or loss
(2,613)



At end of year
(1,720)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(1,720)
893

(1,720)
893


9.


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 £35,083 (2022: £23,972). There were no contributions payable to the fund at the reporting date (2022: £5,292, included within other creditors).


10.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
101,638
99,559

Later than 1 year and not later than 5 years
279,506
377,495

381,144
477,054

Page 9