Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01falseprovision of investment management services and administrative services.1012falsetrue 05507396 2023-03-01 2024-02-29 05507396 2022-03-01 2023-02-28 05507396 2024-02-29 05507396 2023-02-28 05507396 c:Director1 2023-03-01 2024-02-29 05507396 d:FurnitureFittings 2023-03-01 2024-02-29 05507396 d:FurnitureFittings 2024-02-29 05507396 d:FurnitureFittings 2023-02-28 05507396 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05507396 d:ComputerEquipment 2023-03-01 2024-02-29 05507396 d:ComputerEquipment 2024-02-29 05507396 d:ComputerEquipment 2023-02-28 05507396 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05507396 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05507396 d:CurrentFinancialInstruments 2024-02-29 05507396 d:CurrentFinancialInstruments 2023-02-28 05507396 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 05507396 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 05507396 d:ShareCapital 2024-02-29 05507396 d:ShareCapital 2023-02-28 05507396 d:CapitalRedemptionReserve 2024-02-29 05507396 d:CapitalRedemptionReserve 2023-02-28 05507396 d:RetainedEarningsAccumulatedLosses 2024-02-29 05507396 d:RetainedEarningsAccumulatedLosses 2023-02-28 05507396 d:TaxLossesCarry-forwardsDeferredTax 2024-02-29 05507396 d:TaxLossesCarry-forwardsDeferredTax 2023-02-28 05507396 c:OrdinaryShareClass1 2023-03-01 2024-02-29 05507396 c:OrdinaryShareClass1 2024-02-29 05507396 c:OrdinaryShareClass1 2023-02-28 05507396 c:OrdinaryShareClass2 2023-03-01 2024-02-29 05507396 c:OrdinaryShareClass2 2024-02-29 05507396 c:OrdinaryShareClass2 2023-02-28 05507396 c:FRS102 2023-03-01 2024-02-29 05507396 c:Audited 2023-03-01 2024-02-29 05507396 c:FullAccounts 2023-03-01 2024-02-29 05507396 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05507396 c:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05507396 2 2023-03-01 2024-02-29 05507396 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05507396









EDGE INVESTMENTS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
EDGE INVESTMENTS LIMITED
REGISTERED NUMBER: 05507396

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,317
12,084

  
8,317
12,084

Current assets
  

Debtors: amounts falling due within one year
 5 
187,378
165,554

Cash at bank and in hand
 6 
154,850
963,570

  
342,228
1,129,124

Creditors: amounts falling due within one year
 7 
(136,130)
(863,952)

Net current assets
  
 
 
206,098
 
 
265,172

Total assets less current liabilities
  
214,415
277,256

Provisions for liabilities
  

Deferred tax
 8 
(2,271)
(2,271)

  
 
 
(2,271)
 
 
(2,271)

Net assets
  
212,144
274,985


Capital and reserves
  

Called up share capital 
 9 
675
675

Capital redemption reserve
  
98
98

Profit and loss account
  
211,371
274,212

  
212,144
274,985


Page 1

 
EDGE INVESTMENTS LIMITED
REGISTERED NUMBER: 05507396
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on 23 August 2024.




D S Glick
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
EDGE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

These financial statements are presented in Pound Sterling (GBP), as that is the curency in which the Company's transactions are denominated.
 
The company is a United Kingdom company limited by shares. It is both incorporated and domiciled in England. The address of its registered office is 1 Marylebone High Street, London, W1U 4LZ. 

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

Page 3

 
EDGE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
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.

Page 4

 
EDGE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.6
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:

Fixtures and fittings
-
25%
Computer 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.

 
2.7

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 at an annual general meeting.

Page 5

 
EDGE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
10
12


4.


Tangible fixed assets







Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 March 2023
10,635
43,783
54,418


Additions
858
1,272
2,130



At 29 February 2024

11,493
45,055
56,548



Depreciation


At 1 March 2023
10,635
31,699
42,334


Charge for the year on owned assets
125
5,772
5,897



At 29 February 2024

10,760
37,471
48,231



Net book value



At 29 February 2024
733
7,584
8,317



At 28 February 2023
-
12,084
12,084

Page 6

 
EDGE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Amounts owed by joint ventures and associated undertakings
91,428
126,278

Other debtors
55,930
113

Prepayments and accrued income
40,020
39,163

187,378
165,554



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
154,850
963,570

154,850
963,570



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
7,211
25,667

Corporation tax
-
98,776

Other taxation and social security
38,760
36,750

Other creditors
3,110
3,784

Accruals and deferred income
87,049
698,975

136,130
863,952


Page 7

 
EDGE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Deferred taxation






2024


£






At beginning of year
(2,271)



At end of year
(2,271)

The provision for deferred taxation is made up as follows:

29 February
28 February
2024
2023
£
£


Tax losses carried forward
(2,271)
(2,271)

(2,271)
(2,271)


9.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



4,500 (2023 - 4,500) Ordinary A Shares shares of £0.10 each
450
450
2,250 (2023 - 2,250) Ordinary B Shares shares of £0.10 each
225
225

675

675



10.


Related party transactions

Included in debtors is £91,428 (2023:£126,278) owed by related companies. 


11.


Auditors' information

The auditors' report on the financial statements for the year ended 29 February 2024 was unqualified.

The audit report was signed on 23 August 2024 by Stephen Haffner (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

 
Page 8