Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30false2022-10-01falseManagement consultancy activities other than financial management.1518falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09954342 2022-10-01 2023-09-30 09954342 2021-10-01 2022-09-30 09954342 2023-09-30 09954342 2022-09-30 09954342 c:Director1 2022-10-01 2023-09-30 09954342 d:OfficeEquipment 2022-10-01 2023-09-30 09954342 d:OfficeEquipment 2023-09-30 09954342 d:OfficeEquipment 2022-09-30 09954342 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 09954342 d:CurrentFinancialInstruments 2023-09-30 09954342 d:CurrentFinancialInstruments 2022-09-30 09954342 d:Non-currentFinancialInstruments 2023-09-30 09954342 d:Non-currentFinancialInstruments 2022-09-30 09954342 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 09954342 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 09954342 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 09954342 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 09954342 d:ShareCapital 2023-09-30 09954342 d:ShareCapital 2022-09-30 09954342 d:SharePremium 2023-09-30 09954342 d:SharePremium 2022-09-30 09954342 d:RetainedEarningsAccumulatedLosses 2023-09-30 09954342 d:RetainedEarningsAccumulatedLosses 2022-09-30 09954342 c:OrdinaryShareClass1 2022-10-01 2023-09-30 09954342 c:OrdinaryShareClass1 2023-09-30 09954342 c:OrdinaryShareClass1 2022-09-30 09954342 c:FRS102 2022-10-01 2023-09-30 09954342 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 09954342 c:FullAccounts 2022-10-01 2023-09-30 09954342 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 09954342 6 2022-10-01 2023-09-30 09954342 e:PoundSterling 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09954342














BOLT ASSET MANAGEMENT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
BOLT ASSET MANAGEMENT LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
BOLT ASSET MANAGEMENT LIMITED
REGISTERED NUMBER:09954342

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
  
-
9,085

Fixed asset investments
  
2
102

  
2
9,187

Current assets
  

Debtors: amounts falling due within one year
 6 
274,398
424,603

Cash at bank and in hand
  
-
143,195

  
274,398
567,798

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(891,971)
(912,997)

Net current liabilities
  
 
 
(617,573)
 
 
(345,199)

Total assets less current liabilities
  
(617,571)
(336,012)

Creditors: amounts falling due after more than one year
 8 
(3,800,000)
(2,900,000)

Net liabilities
  
(4,417,571)
(3,236,012)


Capital and reserves
  

Called up share capital 
 9 
600
600

Share premium account
  
3,099,192
3,099,192

Profit and loss account
  
(7,517,363)
(6,335,804)

  
(4,417,571)
(3,236,012)


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.

Page 1

 
BOLT ASSET MANAGEMENT LIMITED
REGISTERED NUMBER:09954342
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023

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 24 September 2024.

T J Bolot
Director

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

Page 2

 
BOLT ASSET MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Bolt Asset Management Limited is a private limited liability company registered in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood WD6 1JD.
The principal activity of the Company is that of asset management. 
The Company's functional and presentational currency is £ Sterling.

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 of the Company have been prepared on a going concern basis, the validity of which is dependant on the continued support of the shareholders and the other related party creditors of the business. The director is satisfied that suitable facilities will continue to be made available.

 
2.3

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.4

Turnover

Turnover comprises fees receivable in respect of asset management services supplied during the year, exclusive of Value Added Tax, which are recognised in the period in which they have been provided or, if earlier, at the point at which it the Company is contractually entitled to the income. 
Unbilled revenue is included within debtors as accrued income. Amounts billed on account in excess of the amounts recognised as revenue are included in creditors as deferred income. 

 
2.5

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.

Page 3

 
BOLT ASSET MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Office equipment
-
25%

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short term debtors are measured at the transaction price.

 
2.8

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.

 
2.9

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.

 
2.10

Borrowing costs

All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred.

Page 4

 
BOLT ASSET MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.11

Taxation

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2022 - 18).


4.


Tangible fixed assets





Office equipment

£



Cost


At 1 October 2022
31,248


Additions
3,844


Disposals
(35,092)



At 30 September 2023

-





At 1 October 2022
22,163


Charge for the year on owned assets
1,643


Disposals
(23,806)



At 30 September 2023

-



Net book value



At 30 September 2023
-



At 30 September 2022
9,085

Page 5

 
BOLT ASSET MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 October 2022
102


Disposals
(100)



At 30 September 2023
2





6.


Debtors

2023
2022
£
£

Trade debtors
-
33,686

Amounts owed by group undertakings
274,398
349,998

Other debtors
-
24,529

Prepayments and accrued income
-
16,390

274,398
424,603



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
518
-

Other loans
500,000
500,000

Trade creditors
43,339
147,998

Taxation and social security
81,836
20,375

Other creditors
111,061
79,537

Accruals and deferred income
155,217
165,087

891,971
912,997


Page 6

 
BOLT ASSET MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
3,800,000
2,900,000



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



6,000 (2022 - 6,000) Ordinary shares of £0.10 each
600
600



10.


Related party transactions

The Company has taken advantage of the exemption under FRS102 33. 1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group. 

 
Page 7