Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07484629 2023-01-01 2023-12-31 07484629 2022-01-01 2022-12-31 07484629 2023-12-31 07484629 2022-12-31 07484629 c:Director1 2023-01-01 2023-12-31 07484629 d:FurnitureFittings 2023-01-01 2023-12-31 07484629 d:FurnitureFittings 2023-12-31 07484629 d:FurnitureFittings 2022-12-31 07484629 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07484629 d:LeaseholdInvestmentProperty 2023-12-31 07484629 d:LeaseholdInvestmentProperty 2022-12-31 07484629 d:CurrentFinancialInstruments 2023-12-31 07484629 d:CurrentFinancialInstruments 2022-12-31 07484629 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07484629 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07484629 d:ShareCapital 2023-12-31 07484629 d:ShareCapital 2022-12-31 07484629 d:OtherMiscellaneousReserve 2023-12-31 07484629 d:OtherMiscellaneousReserve 2022-12-31 07484629 d:RetainedEarningsAccumulatedLosses 2023-12-31 07484629 d:RetainedEarningsAccumulatedLosses 2022-12-31 07484629 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07484629 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 07484629 c:FRS102 2023-01-01 2023-12-31 07484629 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07484629 c:FullAccounts 2023-01-01 2023-12-31 07484629 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07484629 2 2023-01-01 2023-12-31 07484629 6 2023-01-01 2023-12-31 07484629 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07484629










CH4 ACCOUNTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CH4 ACCOUNTS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CH4 ACCOUNTS LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CH4 Accounts Limited for the year ended 31 December 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of CH4 Accounts Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of CH4 Accounts Limited and state those matters that we have agreed to state to the director of CH4 Accounts Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CH4 Accounts Limited and its director for our work or for this report. 

It is your duty to ensure that CH4 Accounts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CH4 Accounts Limited. You consider that CH4 Accounts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of CH4 Accounts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Simmons Gainsford Professional Services Limited
 
Chartered Accountants
  
14th Floor
33 Cavendish Square
London
W1G 0PW
25 September 2024
Page 1

 
CH4 ACCOUNTS LIMITED
REGISTERED NUMBER: 07484629

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,820
1,494

Investments
 5 
303
313

Investment property
 6 
275,000
275,000

  
277,123
276,807

Current assets
  

Debtors: amounts falling due within one year
 7 
693,961
409,055

Cash at bank and in hand
  
336,054
518,745

  
1,030,015
927,800

Creditors: amounts falling due within one year
 8 
(98,212)
(63,206)

Net current assets
  
 
 
931,803
 
 
864,594

Total assets less current liabilities
  
1,208,926
1,141,401

Provisions for liabilities
  

Deferred tax
 9 
(5,476)
(5,476)

  
 
 
(5,476)
 
 
(5,476)

Net assets
  
1,203,450
1,135,925


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
  
28,346
28,346

Profit and loss account
  
1,175,004
1,107,479

  
1,203,450
1,135,925


Page 2

 
CH4 ACCOUNTS LIMITED
REGISTERED NUMBER: 07484629
    
BALANCE SHEET (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 profit and loss account 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 Flook
Director

Date: 25 September 2024

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

Page 3

 
CH4 ACCOUNTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is a private company limited by shares, and incorporated in England and Wales. The address of its registered office is 13 Raeburn Avenue, Surbiton, KT5 9BN. 

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

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.

 
2.3

Interest income

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

 
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 4

 
CH4 ACCOUNTS 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 balance sheet 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 balance sheet 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 balance sheet 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.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20% - 33.33%

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.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the director 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.

Page 5

 
CH4 ACCOUNTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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 1 (2022 - 1).

Page 6

 
CH4 ACCOUNTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost 


At 1 January 2023
6,864


Additions
1,210


Disposals
(1,668)



At 31 December 2023

6,406



Depreciation


At 1 January 2023
5,370


Charge for the year on owned assets
884


Disposals
(1,668)



At 31 December 2023

4,586



Net book value



At 31 December 2023
1,820



At 31 December 2022
1,494


5.


Fixed asset investments





Unlisted investments

£



Cost 


At 1 January 2023
313


Disposals
(10)



At 31 December 2023
303




Page 7

 
CH4 ACCOUNTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Investment property


Investment property

£



Valuation


At 1 January 2023
275,000



At 31 December 2023
275,000










7.


Debtors

2023
2022
£
£


Trade debtors
48,136
8,929

Other debtors
643,785
399,384

Prepayments and accrued income
2,040
742

693,961
409,055



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
13
117

Corporation tax
15,305
12,656

Other taxation and social security
3,478
2,666

Other creditors
77,412
46,417

Accruals and deferred income
2,004
1,350

98,212
63,206


Page 8

 
CH4 ACCOUNTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Deferred taxation




2023


£






At beginning of year
(5,476)



At end of year
(5,476)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Deferred tax on revaluation of investment property
(5,476)
(5,476)


10.


Related party transactions

Included in creditors is an amount of £30,956 (2022: £3,501) due to the director of the company. The loan is interest free and repayable on demand.

 
Page 9