Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false32023-02-01tbc3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09378151 2023-02-01 2024-01-31 09378151 2022-02-01 2023-01-31 09378151 2024-01-31 09378151 2023-01-31 09378151 c:Director1 2023-02-01 2024-01-31 09378151 d:MotorVehicles 2023-02-01 2024-01-31 09378151 d:MotorVehicles 2024-01-31 09378151 d:MotorVehicles 2023-01-31 09378151 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09378151 d:OfficeEquipment 2023-02-01 2024-01-31 09378151 d:OfficeEquipment 2024-01-31 09378151 d:OfficeEquipment 2023-01-31 09378151 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09378151 d:ComputerEquipment 2023-02-01 2024-01-31 09378151 d:ComputerEquipment 2024-01-31 09378151 d:ComputerEquipment 2023-01-31 09378151 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09378151 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09378151 d:FreeholdInvestmentProperty 2024-01-31 09378151 d:FreeholdInvestmentProperty 2023-01-31 09378151 d:CurrentFinancialInstruments 2024-01-31 09378151 d:CurrentFinancialInstruments 2023-01-31 09378151 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09378151 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09378151 d:ShareCapital 2024-01-31 09378151 d:ShareCapital 2023-01-31 09378151 d:RetainedEarningsAccumulatedLosses 2024-01-31 09378151 d:RetainedEarningsAccumulatedLosses 2023-01-31 09378151 c:OrdinaryShareClass2 2023-02-01 2024-01-31 09378151 c:OrdinaryShareClass2 2024-01-31 09378151 c:OrdinaryShareClass3 2023-02-01 2024-01-31 09378151 c:OrdinaryShareClass3 2024-01-31 09378151 c:OrdinaryShareClass4 2023-02-01 2024-01-31 09378151 c:OrdinaryShareClass4 2024-01-31 09378151 c:OrdinaryShareClass5 2023-02-01 2024-01-31 09378151 c:OrdinaryShareClass5 2024-01-31 09378151 c:FRS102 2023-02-01 2024-01-31 09378151 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09378151 c:FullAccounts 2023-02-01 2024-01-31 09378151 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09378151 2 2023-02-01 2024-01-31 09378151 6 2023-02-01 2024-01-31 09378151 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09378151














ARCAP PARTNERS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 JANUARY 2024

 
ARCAP PARTNERS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 7


 
ARCAP PARTNERS LIMITED
REGISTERED NUMBER:09378151

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,463
4,933

Investments
 5 
1,698,508
1,698,507

Investment property
 6 
556,254
556,254

  
2,258,225
2,259,694

Current assets
  

Debtors: amounts falling due within one year
 7 
409,901
269,298

Cash at bank and in hand
  
213,249
349,612

  
623,150
618,910

  

Creditors: amounts falling due within one year
 8 
(2,879,326)
(2,872,405)

Net current liabilities
  
 
 
(2,256,176)
 
 
(2,253,495)

  

Net assets
  
2,049
6,199


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
1,949
6,099

  
2,049
6,199


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 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 11 September 2024.

E M Arbib
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
ARCAP PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Arcap Partners Limited is a private limited liability company incorporated in England and Wales. Its registered office is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD. The principal place of business is at 4 Hill Street, London W1J 5NE.
The principal activity of the company during the year was that of the provision of consultancy services.

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

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.3

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.4

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax. Revenue from consultancy services are recognised when the service is provided and the amount of consideration receivable can be ascertained.

 
2.5

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 2

 
ARCAP PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Motor vehicles
-
25% reducing balance
Office equipment
-
25% straight line
Computer equipment
-
25% 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 the Statement of Comprehensive Income.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash and cash equivalents, and loans to or from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable  transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties. 
Cash and cash equivalents comprise cash balances, call deposits and bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 3

 
ARCAP PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.9

Foreign currency translation

The company's functional and presentational currency is £ sterling.
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.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account. 

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable.

 
2.12

Pensions

The company contributes to 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.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.14

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 reporting date in the countries where the company operates and generates income.

Page 4

 
ARCAP PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

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







4.


Tangible fixed assets





Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£



Cost


At 1 February 2023
9,000
730
1,948
11,678



At 31 January 2024

9,000
730
1,948
11,678



Depreciation


At 1 February 2023
4,677
730
1,339
6,746


Charge for the year on owned assets
1,081
-
386
1,467



At 31 January 2024

5,758
730
1,725
8,213



Net book value



At 31 January 2024
3,242
-
223
3,465



At 31 January 2023
4,323
-
609
4,932

Page 5

 
ARCAP PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost


At 1 February 2023
1,382,638
315,869
1,698,507



At 31 January 2024
1,382,638
315,869
1,698,507






Net book value



At 31 January 2024
1,382,638
315,869
1,698,507



At 31 January 2023
1,382,638
315,869
1,698,507


6.


Investment property


Freehold investment property

£



Valuation


At 1 February 2023
556,254



At 31 January 2024
556,254

The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 6

 
ARCAP PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Debtors

2024
2023
£
£


Trade debtors
255,285
-

Other debtors
99,513
47,358

Prepayments and accrued income
55,103
221,940

409,901
269,298


Included within other debtors due within one year is a loan to E M Arbib, a director, amounting to £95,519 (2023 - £0). Interest has been charged on the loan at a rate of 2.25%. This loan is repaid within 9 months of the year end.




8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
10,161
17,600

Amounts owed to group undertakings
2,784,325
2,822,345

Other taxation and social security
64,651
14,163

Accruals and deferred income
20,189
18,297

2,879,326
2,872,405



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



24 Ordinary A shares of £1 each
24
26
13 Ordinary B shares of £1 each
13
12
13 Ordinary C shares of £1 each
13
12
24 Ordinary D shares of £1 each
24
26
13 Ordinary E shares of £1 each
13
12
1312 Ordinary F shares of £1 each
13
12

100

100

The ordinary shares rank pari passu in all respects.


Page 7