Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31false2023-08-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02212213 2023-08-01 2024-07-31 02212213 2022-08-01 2023-07-31 02212213 2024-07-31 02212213 2023-07-31 02212213 c:Director1 2023-08-01 2024-07-31 02212213 d:FurnitureFittings 2023-08-01 2024-07-31 02212213 d:FurnitureFittings 2024-07-31 02212213 d:FurnitureFittings 2023-07-31 02212213 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02212213 d:ComputerEquipment 2023-08-01 2024-07-31 02212213 d:ComputerEquipment 2024-07-31 02212213 d:ComputerEquipment 2023-07-31 02212213 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02212213 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02212213 d:CurrentFinancialInstruments 2024-07-31 02212213 d:CurrentFinancialInstruments 2023-07-31 02212213 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 02212213 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 02212213 d:ShareCapital 2024-07-31 02212213 d:ShareCapital 2023-07-31 02212213 d:RetainedEarningsAccumulatedLosses 2024-07-31 02212213 d:RetainedEarningsAccumulatedLosses 2023-07-31 02212213 c:FRS102 2023-08-01 2024-07-31 02212213 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 02212213 c:FullAccounts 2023-08-01 2024-07-31 02212213 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02212213 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 02212213









CORDROPE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
CORDROPE LIMITED
REGISTERED NUMBER: 02212213

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
126
168

  
126
168

Current assets
  

Cash at bank and in hand
  
21,714
33,839

  
21,714
33,839

Creditors: amounts falling due within one year
 4 
(6,350)
(7,523)

Net current assets
  
 
 
15,364
 
 
26,316

Total assets less current liabilities
  
15,490
26,484

  

Net assets
  
15,490
26,484


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
15,390
26,384

  
15,490
26,484


Page 1

 
CORDROPE LIMITED
REGISTERED NUMBER: 02212213
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

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 his 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 on 2 October 2024.


J Cohen
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
CORDROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies

 
1.1

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:

 
1.2

Revenue

Revenue represents fees for music services and 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. Revenue is recognised at the point at which the service has been performed. 

 
1.3

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.

 
1.4

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.

Depreciation is provided on the following basis:

Fixtures, fittings & equipment
-
25% reducing balance
Computer equipment
-
3 years straight line

 
1.5

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.

 
1.6

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
CORDROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies (continued)

 
1.7

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.


2.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


3.


Tangible fixed assets





Fixtures & fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 August 2023
86,907
3,617
90,524



At 31 July 2024

86,907
3,617
90,524



Depreciation


At 1 August 2023
86,739
3,617
90,356


Charge for the year on owned assets
42
-
42



At 31 July 2024

86,781
3,617
90,398



Net book value



At 31 July 2024
126
-
126



At 31 July 2023
168
-
168

Page 4

 
CORDROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
337

Corporation tax
949
1,223

Other taxation and social security
2,747
2,538

Other creditors
154
925

Accruals and deferred income
2,500
2,500

6,350
7,523



5.


Related party transactions

At the balance sheet date, the company owed  £154  to the director (2023: £925).

 
Page 5