Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-294provision of investment management.2023-03-01false3falsetrue 12030804 2023-03-01 2024-02-29 12030804 2022-03-01 2023-02-28 12030804 2024-02-29 12030804 2023-02-28 12030804 c:Director2 2023-03-01 2024-02-29 12030804 d:CurrentFinancialInstruments 2024-02-29 12030804 d:CurrentFinancialInstruments 2023-02-28 12030804 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 12030804 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12030804 d:ShareCapital 2024-02-29 12030804 d:ShareCapital 2023-02-28 12030804 d:SharePremium 2024-02-29 12030804 d:SharePremium 2023-02-28 12030804 d:RetainedEarningsAccumulatedLosses 2024-02-29 12030804 d:RetainedEarningsAccumulatedLosses 2023-02-28 12030804 c:OrdinaryShareClass1 2023-03-01 2024-02-29 12030804 c:OrdinaryShareClass1 2024-02-29 12030804 c:OrdinaryShareClass1 2023-02-28 12030804 c:OrdinaryShareClass2 2023-03-01 2024-02-29 12030804 c:OrdinaryShareClass2 2024-02-29 12030804 c:OrdinaryShareClass2 2023-02-28 12030804 c:FRS102 2023-03-01 2024-02-29 12030804 c:Audited 2023-03-01 2024-02-29 12030804 c:FullAccounts 2023-03-01 2024-02-29 12030804 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12030804 c:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12030804 2 2023-03-01 2024-02-29 12030804 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12030804









EDGE FUTURE CAPITAL LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
EDGE FUTURE CAPITAL LIMITED
REGISTERED NUMBER: 12030804

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
180,624
680,522

Cash at bank and in hand
 5 
2,056,064
1,237,242

  
2,236,688
1,917,764

Creditors: amounts falling due within one year
 6 
(480,063)
(387,890)

Net current assets
  
 
 
1,756,625
 
 
1,529,874

Total assets less current liabilities
  
1,756,625
1,529,874

  

Net assets
  
1,756,625
1,529,874


Capital and reserves
  

Called up share capital 
 7 
30,750
30,750

Share premium account
  
1,989,742
1,989,742

Profit and loss account
  
(263,867)
(490,618)

  
1,756,625
1,529,874


Page 1

 
EDGE FUTURE CAPITAL LIMITED
REGISTERED NUMBER: 12030804
    
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.




DS Glick
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

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

1.


General information

The principal activitity of the company is the provision of investment management.  

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.

 
2.4

Taxation

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.

Page 3

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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 the Directors, during the year was as follows:


        2024
        2023
            No.
            No.







4
3


4.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
55,300
497,368

Amounts owed by joint ventures and associated undertakings
60,000
-

Other debtors
21,076
2,297

Called up share capital not paid
500
500

Prepayments and accrued income
43,748
180,357

180,624
680,522


Page 4

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

5.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
2,056,064
1,237,242

2,056,064
1,237,242



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
14,402
24,000

Amounts owed to other participating interests
59,169
86,508

Corporation tax
11,978
-

Other taxation and social security
22,821
20,775

Other creditors
8,174
-

Accruals and deferred income
363,519
256,607

480,063
387,890



7.


Share capital

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



205,000 (2023 - 205,000) Ordinary A Shares shares of £0.10 each
20,500
20,500
102,498 (2023 - 102,498) Ordinary B Shares shares of £0.10 each
10,250
10,250

30,750

30,750



8.


Related party transactions

included in turnover is £1,715,514 (2023: £1,683,658) from related companies.
Included in debtors is £44,174 (2023: £484,665 ) owed by related companies.
Included in creditors is £59,167 (2023: £86,508) owed to related companies.

Page 5

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

9.


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 6