Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseNo description of principal activity2023-01-0111falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10415187 2023-01-01 2023-12-31 10415187 2022-01-01 2022-12-31 10415187 2023-12-31 10415187 2022-12-31 10415187 c:Director1 2023-01-01 2023-12-31 10415187 d:ComputerEquipment 2023-01-01 2023-12-31 10415187 d:ComputerEquipment 2023-12-31 10415187 d:ComputerEquipment 2022-12-31 10415187 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10415187 d:CurrentFinancialInstruments 2023-12-31 10415187 d:CurrentFinancialInstruments 2022-12-31 10415187 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10415187 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10415187 d:ShareCapital 2023-12-31 10415187 d:ShareCapital 2022-12-31 10415187 d:RetainedEarningsAccumulatedLosses 2023-12-31 10415187 d:RetainedEarningsAccumulatedLosses 2022-12-31 10415187 c:FRS102 2023-01-01 2023-12-31 10415187 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10415187 c:FullAccounts 2023-01-01 2023-12-31 10415187 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10415187 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 10415187









CONTINUUM ASYMMETRIC SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CONTINUUM ASYMMETRIC SERVICES LIMITED
REGISTERED NUMBER: 10415187

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
315
551

  
315
551

Current assets
  

Current asset investments
 5 
11,819
10,688

Cash at bank and in hand
 6 
33,639
33,025

  
45,458
43,713

Creditors: amounts falling due within one year
 7 
(410,668)
(402,607)

Net current liabilities
  
 
 
(365,210)
 
 
(358,894)

Total assets less current liabilities
  
(364,895)
(358,343)

  

Net liabilities
  
(364,895)
(358,343)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(364,995)
(358,443)

  
(364,895)
(358,343)


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 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 Zujic
Page 1

 
CONTINUUM ASYMMETRIC SERVICES LIMITED
REGISTERED NUMBER: 10415187
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

Director
Date: 20 September 2024

Page 2

 
CONTINUUM ASYMMETRIC SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Continuum Asymmetric Services Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 45 Pall Mall, London, SW1Y 5JG.
The company's principal activity is that of investment management.
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.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 the going concern basis which assumes that the company will continue in operational existence for a period of at least 12 months following the approval of these financial statements.
The director and shareholder will continue to support the business.

 
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

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.

Page 3

 
CONTINUUM ASYMMETRIC SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.

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:

Computer equipment
-
20%

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

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.

 
2.7

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.


3.


Employees




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

Page 4

 
CONTINUUM ASYMMETRIC SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
3,365



At 31 December 2023

3,365



Depreciation


At 1 January 2023
2,814


Charge for the year on owned assets
236



At 31 December 2023

3,050



Net book value



At 31 December 2023
315



At 31 December 2022
551


5.


Current asset investments

2023
2022
£
£

Listed investments
11,819
10,688

11,819
10,688



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
33,639
33,025

33,639
33,025


Page 5

 
CONTINUUM ASYMMETRIC SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
408,208
400,207

Accruals and deferred income
2,460
2,400

410,668
402,607


 
Page 6