Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue2023-01-012falseNo description of principal activity2false 09371327 2023-01-01 2023-12-31 09371327 2022-01-01 2022-12-31 09371327 2023-12-31 09371327 2022-12-31 09371327 c:Director1 2023-01-01 2023-12-31 09371327 d:CurrentFinancialInstruments 2023-12-31 09371327 d:CurrentFinancialInstruments 2022-12-31 09371327 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09371327 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09371327 d:ShareCapital 2023-12-31 09371327 d:ShareCapital 2022-12-31 09371327 d:SharePremium 2023-12-31 09371327 d:SharePremium 2022-12-31 09371327 d:RetainedEarningsAccumulatedLosses 2023-12-31 09371327 d:RetainedEarningsAccumulatedLosses 2022-12-31 09371327 c:FRS102 2023-01-01 2023-12-31 09371327 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09371327 c:FullAccounts 2023-01-01 2023-12-31 09371327 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09371327 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09371327









FLUXION CAPITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FLUXION CAPITAL LIMITED
REGISTERED NUMBER: 09371327

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
4,635
59,744

Cash at bank and in hand
 5 
460,451
429,758

  
465,086
489,502

Creditors: amounts falling due within one year
 6 
(28,648)
(22,237)

Net current assets
  
 
 
436,438
 
 
467,265

Net assets
  
436,438
467,265


Capital and reserves
  

Called up share capital 
  
200
200

Share premium account
  
788,140
788,140

Profit and loss account
  
(351,902)
(321,075)

  
436,438
467,265


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 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: 


................................................
J Gilbert
Director
Date: 23 September 2024

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

Page 1

 
FLUXION CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Fluxion Capital Limited (the Company) is a company incorporated in the United Kingdom under the Companies Act. 
The Company is a private company, limited by shares, registered in England and Wales, registration number 09371327. The registered office is 7th Floor 50 Broadway, London, England, SW1H 0DB. 
The principal activity of the Company up until 31 December 2019 was that of trading in options and equities on stock exchanges.
These financial statements present the results of the Company for the year ended 31 December 2023. 

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

Going concern

During 2019 the Directors took the decision to cease operations and liquidate the company although the timing of this is uncertain. As such the financial statements have been prepared on a basis other than that of a going concern. No adjustments were required in order to present the financial statements on a non going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP, rounded to the nearest whole £.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

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.

Page 2

 
FLUXION CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3

 
FLUXION CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Debtors

2023
2022
£
£


Other debtors
4,635
59,744



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
460,451
429,758



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
16,050
4,685

Other creditors
811
-

Accruals and deferred income
11,787
17,552

28,648
22,237



7.


Transactions with directors

During the year, J Gilbert received an interest free loan of £225,015 (2022: £166,437). £284,789 (2022: £179,687) was repaid during the year and at the balance sheet date £811 (2022: £58,963 included in other debtors) was outstanding and included within other creditors. 


8.


Controlling party

The ultimate controlling party of the company is J Gilbert by virtue of his majority shareholding in the company.

 
Page 4