Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-013falseNo description of principal activity3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06344188 2023-01-01 2023-12-31 06344188 2023-12-31 06344188 2022-01-01 2022-12-31 06344188 2022-12-31 06344188 c:Director1 2023-01-01 2023-12-31 06344188 c:Director2 2023-01-01 2023-12-31 06344188 c:RegisteredOffice 2023-01-01 2023-12-31 06344188 d:OfficeEquipment 2023-01-01 2023-12-31 06344188 d:OfficeEquipment 2023-12-31 06344188 d:OfficeEquipment 2022-12-31 06344188 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06344188 d:CurrentFinancialInstruments 2023-12-31 06344188 d:CurrentFinancialInstruments 2022-12-31 06344188 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06344188 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06344188 d:ShareCapital 2023-12-31 06344188 d:ShareCapital 2022-12-31 06344188 d:RetainedEarningsAccumulatedLosses 2023-12-31 06344188 d:RetainedEarningsAccumulatedLosses 2022-12-31 06344188 c:FRS102 2023-01-01 2023-12-31 06344188 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06344188 c:FullAccounts 2023-01-01 2023-12-31 06344188 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06344188 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 06344188







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


KARSON MANAGEMENT (UK) LIMITED






































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KARSON MANAGEMENT (UK) LIMITED
 


 
COMPANY INFORMATION


Directors
D.J. Hendrix 
R Black 




Registered number
06344188



Registered office
The Green
Hampton Court Road

East Molesey

KT8 9BW




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


KARSON MANAGEMENT (UK) LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 4

 


KARSON MANAGEMENT (UK) LIMITED
REGISTERED NUMBER:06344188



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
177
52

  
177
52

Current assets
  

Debtors: amounts falling due within one year
 5 
-
1,182

Cash at bank and in hand
  
2,984
2,138

  
2,984
3,320

Creditors: amounts falling due within one year
 6 
(218,933)
(200,023)

Net current liabilities
  
 
 
(215,949)
 
 
(196,703)

Total assets less current liabilities
  
(215,772)
(196,651)

  

Net liabilities
  
(215,772)
(196,651)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(216,772)
(197,651)

  
(215,772)
(196,651)


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 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: 

................................................
D.J. Hendrix
Director

Date: 25 September 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


KARSON MANAGEMENT (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Karson Management (UK) Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office, which is also the principal place of business, is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of accounting

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

Turnover

Turnover shown in the Statement of Income and Retained Earnings represents billings for services provided to Karson Management (Bermuda) Limited and other group affiliates. 

 
2.3

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.

 
2.4

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:

Office equipment
-
20% straight line

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.

Page 2

 


KARSON MANAGEMENT (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.5

Foreign currencies

Assets and liabilities in foreign currencies will be translated into sterling at the rates of exchange ruling at the balance sheet. Transactions in foreign currencies will be translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences will be taken into account in arriving at the operating profit.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
7,315


Additions
169



At 31 December 2023

7,484



Depreciation


At 1 January 2023
7,263


Charge for the year on owned assets
44



At 31 December 2023

7,307



Net book value



At 31 December 2023
177



At 31 December 2022
52

Page 3

 


KARSON MANAGEMENT (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
-
1,182

-
1,182



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,311
1,825

Amounts owed to group undertakings
199,497
195,676

Other taxation and social security
4,278
-

Other creditors
6,082
97

Accruals and deferred income
2,765
2,425

218,933
200,023


 
Page 4