Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3132023-01-01falseThe principal activity of the company is to provide administrative and operational support services to other companies.3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09145041 2023-01-01 2023-12-31 09145041 2022-01-01 2022-12-31 09145041 2023-12-31 09145041 2022-12-31 09145041 2022-01-01 09145041 c:Director1 2023-01-01 2023-12-31 09145041 c:RegisteredOffice 2023-01-01 2023-12-31 09145041 d:OfficeEquipment 2023-01-01 2023-12-31 09145041 d:OfficeEquipment 2023-12-31 09145041 d:OfficeEquipment 2022-12-31 09145041 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09145041 d:ComputerEquipment 2023-01-01 2023-12-31 09145041 d:ComputerEquipment 2023-12-31 09145041 d:ComputerEquipment 2022-12-31 09145041 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09145041 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 09145041 d:OtherPropertyPlantEquipment 2023-12-31 09145041 d:OtherPropertyPlantEquipment 2022-12-31 09145041 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09145041 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09145041 d:CurrentFinancialInstruments 2023-12-31 09145041 d:CurrentFinancialInstruments 2022-12-31 09145041 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09145041 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09145041 d:ShareCapital 2023-01-01 2023-12-31 09145041 d:ShareCapital 2023-12-31 09145041 d:ShareCapital 2022-01-01 2022-12-31 09145041 d:ShareCapital 2022-12-31 09145041 d:ShareCapital 2022-01-01 09145041 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09145041 d:RetainedEarningsAccumulatedLosses 2023-12-31 09145041 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 09145041 d:RetainedEarningsAccumulatedLosses 2022-12-31 09145041 d:RetainedEarningsAccumulatedLosses 2022-01-01 09145041 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 09145041 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 09145041 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09145041 c:OrdinaryShareClass1 2023-12-31 09145041 c:OrdinaryShareClass1 2022-12-31 09145041 c:FRS102 2023-01-01 2023-12-31 09145041 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09145041 c:FullAccounts 2023-01-01 2023-12-31 09145041 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09145041 d:WithinOneYear 2023-12-31 09145041 d:WithinOneYear 2022-12-31 09145041 d:BetweenOneFiveYears 2023-12-31 09145041 d:BetweenOneFiveYears 2022-12-31 09145041 2 2023-01-01 2023-12-31 09145041 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09145041









GRAGUS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
GRAGUS LIMITED
 
 
COMPANY INFORMATION


Director
J Rebilly 




Registered number
09145041



Registered office
Eighth Floor
6 New Street Square

New Fetter Lane

London

EC4A 3AQ




Accountants
Rawlinson & Hunter LLP

Chartered Accountants

Eighth Floor

6 New Street Square

London

EC4A 3AQ





 
GRAGUS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 9


 
GRAGUS LIMITED
REGISTERED NUMBER: 09145041

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,451
3,846

  
3,451
3,846

Current assets
  

Debtors: amounts falling due within one year
 5 
196,201
408,792

Cash at bank and in hand
 6 
125,859
89,110

  
322,060
497,902

Creditors: amounts falling due within one year
 7 
(292,959)
(439,545)

Net current assets
  
 
 
29,101
 
 
58,357

Total assets less current liabilities
  
32,552
62,203

  

Net assets
  
32,552
62,203


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
32,452
62,103

  
32,552
62,203

Page 1

 
GRAGUS LIMITED
REGISTERED NUMBER: 09145041
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 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 Rebilly
Director

Date: 1 October 2024

The notes on pages 4 to 9 form part of these financial statements.
Page 2

 
GRAGUS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
100
69,313
69,413


Comprehensive income for the year

Loss for the year
-
(7,210)
(7,210)
Total comprehensive income for the year
-
(7,210)
(7,210)



At 1 January 2023
100
62,103
62,203


Comprehensive income for the year

Profit for the year
-
17,949
17,949
Total comprehensive income for the year
-
17,949
17,949


Contributions by and distributions to owners

Dividends: Equity capital
-
(47,600)
(47,600)


At 31 December 2023
100
32,452
32,552


The notes on pages 4 to 9 form part of these financial statements.
Page 3

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

1.


General information

Gragus Limited ("the company") is a private company, limited by shares, incorporated in England and Wales with a registration number of 09145041. The registered office is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.

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

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the forseeable future. 

 
2.3

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.

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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

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

2.Accounting policies (continued)

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

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.

Page 5

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

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Straight Line
Computer equipment
-
25%
Straight Line
Other fixed assets
-
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 profit or loss.

 
2.12

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.

 
2.13

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.

 
2.14

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.
Page 6

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

2.Accounting policies (continued)

 
2.15

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.

  
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim dividends are recorded in the financial year in which they are declared payable. Final equity dividends are recognised in the financial year in which the dividends are approved by the shareholders at an annual general meeting.


3.


Employees

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


4.


Tangible fixed assets





Office equipment
Computer equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 January 2023
22,267
13,401
49,092
84,760


Additions
-
1,742
-
1,742



At 31 December 2023

22,267
15,143
49,092
86,502



Depreciation


At 1 January 2023
22,255
9,567
49,092
80,914


Charge for the year on owned assets
12
2,125
-
2,137



At 31 December 2023

22,267
11,692
49,092
83,051



Net book value



At 31 December 2023
-
3,451
-
3,451



At 31 December 2022
12
3,834
-
3,846

Page 7

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

5.


Debtors

2023
2022
£
£


Trade debtors
-
300,000

Other debtors
74,712
78,853

Prepayments and accrued income
121,489
29,939

196,201
408,792



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
125,859
89,110



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
131,072
135,044

Trade creditors
93,538
29,755

Corporation tax
8,037
577

Other taxation and social security
16,052
16,394

Other creditors
32,485
47,990

Accruals and deferred income
11,775
209,785

292,959
439,545



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
125,859
89,110




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 8

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

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100



10.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,354 (2022 - £1,837). Contributions totalling £427 (2022 - £468) were payable to the fund at the balance sheet date.


11.


Commitments under operating leases

At 31 December 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
104,000
92,175

Later than 1 year and not later than 5 years
77,216
181,216

181,216
273,391

Page 9