Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2023-01-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.11falsetruefalse 06243923 2023-01-01 2023-12-31 06243923 2022-01-01 2022-12-31 06243923 2023-12-31 06243923 2022-12-31 06243923 c:Director1 2023-01-01 2023-12-31 06243923 d:PlantMachinery 2023-01-01 2023-12-31 06243923 d:PlantMachinery 2023-12-31 06243923 d:PlantMachinery 2022-12-31 06243923 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06243923 d:CurrentFinancialInstruments 2023-12-31 06243923 d:CurrentFinancialInstruments 2022-12-31 06243923 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06243923 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06243923 d:ShareCapital 2023-12-31 06243923 d:ShareCapital 2022-12-31 06243923 d:RetainedEarningsAccumulatedLosses 2023-12-31 06243923 d:RetainedEarningsAccumulatedLosses 2022-12-31 06243923 c:FRS102 2023-01-01 2023-12-31 06243923 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06243923 c:FullAccounts 2023-01-01 2023-12-31 06243923 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06243923 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 06243923










CERBERA FINANCE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CERBERA FINANCE LIMITED
REGISTERED NUMBER: 06243923

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
10,876

  
-
10,876

Current assets
  

Debtors: amounts falling due within one year
 5 
26,994
32,384

Cash at bank and in hand
  
5,268
4,921

  
32,262
37,305

Creditors: amounts falling due within one year
 6 
(10,353)
(27,543)

Net current assets
  
 
 
21,909
 
 
9,762

Total assets less current liabilities
  
21,909
20,638

Provisions for liabilities
  

Deferred tax
  
-
(2,066)

  
 
 
-
 
 
(2,066)

Net assets
  
21,909
18,572


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
21,809
18,472

  
21,909
18,572


Page 1

 
CERBERA FINANCE LIMITED
REGISTERED NUMBER: 06243923
    
STATEMENT OF FINANCIAL POSITION (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 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 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: 




R J Amey
Director

Date: 23 September 2024

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

Page 2

 
CERBERA FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Cerbera Finance Limited is a private company limited by shares and incorporated in England and Wales, registration number 06243923.  The registered office is 11 Church Street, Attleborough, Norwich, Norfolk, NR17 2AH.

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
CERBERA FINANCE 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 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.

 
2.6

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.

The estimated useful lives range as follows:

Plant and machinery
-
7
years 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

 
CERBERA FINANCE 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 recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
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. 


3.


Employees




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

Page 5

 
CERBERA FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery

£





At 1 January 2023
66,217


Disposals
(66,217)



At 31 December 2023

-





At 1 January 2023
55,341


Charge for the year on owned assets
8,987


Disposals
(64,328)



At 31 December 2023

-



Net book value



At 31 December 2023
-



At 31 December 2022
10,876

Page 6

 
CERBERA FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Amounts owed by participating interests
26,994
32,384

26,994
32,384



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
17,439

Corporation tax
6,603
6,110

Other taxation and social security
1,650
1,324

Accruals and deferred income
2,100
2,670

10,353
27,543


The following liabilities were secured:

2023
2022
£
£



Bank loans
-
17,439

-
17,439

Details of security provided:

The bank loan is secured by way of a legal charge over the company's fixed and current assets. 

 
Page 7