Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-3132023-02-01falseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02302990 2023-02-01 2024-01-31 02302990 2022-02-01 2023-01-31 02302990 2024-01-31 02302990 2023-01-31 02302990 c:Director1 2023-02-01 2024-01-31 02302990 d:FreeholdInvestmentProperty 2023-02-01 2024-01-31 02302990 d:FreeholdInvestmentProperty 2024-01-31 02302990 d:FreeholdInvestmentProperty 2023-01-31 02302990 d:CurrentFinancialInstruments 2024-01-31 02302990 d:CurrentFinancialInstruments 2023-01-31 02302990 d:Non-currentFinancialInstruments 2024-01-31 02302990 d:Non-currentFinancialInstruments 2023-01-31 02302990 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 02302990 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 02302990 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 02302990 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 02302990 d:ShareCapital 2024-01-31 02302990 d:ShareCapital 2023-01-31 02302990 d:OtherMiscellaneousReserve 2024-01-31 02302990 d:OtherMiscellaneousReserve 2023-01-31 02302990 d:RetainedEarningsAccumulatedLosses 2024-01-31 02302990 d:RetainedEarningsAccumulatedLosses 2023-01-31 02302990 c:OrdinaryShareClass1 2023-02-01 2024-01-31 02302990 c:OrdinaryShareClass1 2024-01-31 02302990 c:OrdinaryShareClass1 2023-01-31 02302990 c:FRS102 2023-02-01 2024-01-31 02302990 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 02302990 c:FullAccounts 2023-02-01 2024-01-31 02302990 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 02302990 2 2023-02-01 2024-01-31 02302990 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 02302990









Clipnotes Limited







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
CLIPNOTES LIMITED
REGISTERED NUMBER: 02302990

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,372,660
1,870,160

  
1,372,660
1,870,160

Current assets
  

Debtors: amounts falling due within one year
 5 
1,543,959
1,737,342

Cash at bank and in hand
 6 
1,290,861
20,621

  
2,834,820
1,757,963

Creditors: amounts falling due within one year
 7 
(552,331)
(143,405)

Net current assets
  
 
 
2,282,489
 
 
1,614,558

Total assets less current liabilities
  
3,655,149
3,484,718

Creditors: amounts falling due after more than one year
 8 
-
(414,575)

Provisions for liabilities
  

Deferred tax
  
(126,593)
(132,435)

  
 
 
(126,593)
 
 
(132,435)

Net assets
  
3,528,556
2,937,708


Capital and reserves
  

Called up share capital 
 9 
100
100

Other reserves
  
782,504
818,613

Profit and loss account
  
2,745,952
2,118,995

  
3,528,556
2,937,708


Page 1

 
CLIPNOTES LIMITED
REGISTERED NUMBER: 02302990
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 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 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: 




D V Juneja
Director

Date: 24 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
CLIPNOTES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Clipnotes Limited is a private company limited by shares and incorporated in England & Wales (registered number 02302990). The registered office is 22 Goodlass Road, Liverpool, England, L24 9HJ.
The financial statements are presented in Sterling, which is the functional currency of the company.

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

Interest income

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

 
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.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

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.

 
2.7

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.

Page 3

 
CLIPNOTES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Investment property


Freehold investment property

£



Valuation


At 1 February 2023
1,870,160


Disposals
(497,500)



At 31 January 2024
1,372,660

The 2024 valuations were made by directors, on an open market value for existing use basis.




2024
2023
£
£


Historic cost
463,563
919,112

463,563
919,112


5.


Debtors

2024
2023
£
£


Trade debtors
-
28,609

Other debtors
1,543,959
1,708,733

1,543,959
1,737,342


Page 4

 
CLIPNOTES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,290,861
20,621

1,290,861
20,621



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
76,500

Trade creditors
-
4,233

Corporation tax
74,645
7,323

Other taxation and social security
10,985
-

Other creditors
427,585
52,849

Accruals and deferred income
39,116
2,500

552,331
143,405



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
414,575

-
414,575


Bank loans have been secured on investment properties held within the company.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary share shares of £1.00 each
100
100


 
Page 5