Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08909946 2023-01-01 2023-12-31 08909946 2022-01-01 2022-12-31 08909946 2023-12-31 08909946 2022-12-31 08909946 c:Director1 2023-01-01 2023-12-31 08909946 d:ComputerEquipment 2023-01-01 2023-12-31 08909946 d:ComputerEquipment 2023-12-31 08909946 d:ComputerEquipment 2022-12-31 08909946 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08909946 d:CurrentFinancialInstruments 2023-12-31 08909946 d:CurrentFinancialInstruments 2022-12-31 08909946 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08909946 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08909946 d:ShareCapital 2023-12-31 08909946 d:ShareCapital 2022-12-31 08909946 d:RetainedEarningsAccumulatedLosses 2023-12-31 08909946 d:RetainedEarningsAccumulatedLosses 2022-12-31 08909946 c:FRS102 2023-01-01 2023-12-31 08909946 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08909946 c:FullAccounts 2023-01-01 2023-12-31 08909946 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08909946 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 08909946









EMMANUEL & CO LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
EMMANUEL & CO LTD
REGISTERED NUMBER: 08909946

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,312
1,750

  
1,312
1,750

Current assets
  

Debtors: amounts falling due within one year
 5 
349,983
357,291

Current asset investments
 6 
1,860,255
1,647,701

Cash at bank and in hand
 7 
1,118,096
1,392,095

  
3,328,334
3,397,087

Creditors: amounts falling due within one year
 8 
(483,381)
(187,874)

Net current assets
  
 
 
2,844,953
 
 
3,209,213

Total assets less current liabilities
  
2,846,265
3,210,963

  

Net assets
  
2,846,265
3,210,963


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
2,846,264
3,210,962

  
2,846,265
3,210,963


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 her 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: 



Page 1

 
EMMANUEL & CO LTD
REGISTERED NUMBER: 08909946
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023




N Emmanuel
Director

Date: 20 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
EMMANUEL & CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Emmanuel & Co Ltd is a private company limited by share capital, incorporated in England and Wales,
registration number 08909946. The address of the registered office is 50 Liverpool Street, London, EC2M 7PY.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

 
2.3

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.

Turnover from royalties is recognised when the income is fixed or determinable and collectability is
reasonably assured.

Page 3

 
EMMANUEL & CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

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

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.

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
25%
reducing balance

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.

Page 4

 
EMMANUEL & CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
Investments in non-derivative instruments that are equity to the issuer are measured:
- at fair value with changes recognised in the Profit and Loss Account if the shares are publicly
traded or their fair value can otherwise be measured reliably;
- at cost less impairment for all other investments.

 
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.


3.


Employees

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

Page 5

 
EMMANUEL & CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
3,960



At 31 December 2023

3,960



Depreciation


At 1 January 2023
2,210


Charge for the year on owned assets
438



At 31 December 2023

2,648



Net book value



At 31 December 2023
1,312



At 31 December 2022
1,750


5.


Debtors

2023
2022
£
£


Trade debtors
-
2,760

Other debtors
348,237
354,531

Prepayments and accrued income
1,746
-

349,983
357,291



6.


Current asset investments

2023
2022
£
£

Listed investments
1,785,383
1,604,428

Unlisted investments
74,872
43,273

1,860,255
1,647,701


Page 6

 
EMMANUEL & CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,118,096
1,392,095

1,118,096
1,392,095



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,898
-

Corporation tax
-
164,958

Other taxation and social security
268
1,443

Other creditors
409,716
13,648

Accruals and deferred income
68,499
7,825

483,381
187,874



9.


Pension commitments

The Company operates a defined contributions pension scheme and also contributes to the personal
pension scheme of the director. The assets of the schemes are held separately from those of the
Company in independently administered funds. The pension cost charge represents contributions
payable by the Company to the funds and amounted to £40,299 (2022 - £40,667). Contributions totalling
£185 (2022 - £130) were payable to the funds at the balance sheet date and are included in creditors.


10.


Related party transactions

During the year ordinary dividends totalling £775,205 (2022: £Nil) were paid to the director, in her
capacity as shareholder of the company.
Included in other creditors at the balance sheet date is an amount of £409,531 (2022: £13,517) due to the
director. The amount is in respect of expenses borne on behalf of the company net of cash withdrawn.
This amount is unsecured, interest free and repayable on demand.
Included in other debtors at the balance sheet date is an amount of £344,606 (2022: £353,777) due from
a US entity controlled by the director. The amount is in respect of cash withdrawn in excess of expenses
borne on behalf of the company. This amount is unsecured, interest free and repayable on demand.

 
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