Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312true2023-02-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10810134 2023-02-01 2024-01-31 10810134 2022-02-01 2023-01-31 10810134 2024-01-31 10810134 2023-01-31 10810134 c:Director1 2023-02-01 2024-01-31 10810134 d:CurrentFinancialInstruments 2024-01-31 10810134 d:CurrentFinancialInstruments 2023-01-31 10810134 d:Non-currentFinancialInstruments 2024-01-31 10810134 d:Non-currentFinancialInstruments 2023-01-31 10810134 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10810134 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10810134 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 10810134 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 10810134 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 10810134 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 10810134 d:ShareCapital 2024-01-31 10810134 d:ShareCapital 2023-01-31 10810134 d:RetainedEarningsAccumulatedLosses 2024-01-31 10810134 d:RetainedEarningsAccumulatedLosses 2023-01-31 10810134 c:OrdinaryShareClass1 2023-02-01 2024-01-31 10810134 c:OrdinaryShareClass1 2024-01-31 10810134 c:FRS102 2023-02-01 2024-01-31 10810134 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10810134 c:FullAccounts 2023-02-01 2024-01-31 10810134 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10810134 2 2023-02-01 2024-01-31 10810134 6 2023-02-01 2024-01-31 10810134 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10810134














ARCAP FUNDING LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 JANUARY 2024

 
ARCAP FUNDING LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
ARCAP FUNDING LTD
REGISTERED NUMBER:10810134

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,067,159
1,214,039

Current asset investments
 5 
963,968
1,106,068

Cash at bank and in hand
  
186,794
1,356

  
2,217,921
2,321,463

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(5,964)
(7,187)

Net current assets
  
 
 
2,211,957
 
 
2,314,276

Total assets less current liabilities
  
2,211,957
2,314,276

Creditors: amounts falling due after more than one year
 7 
(2,111,655)
(2,247,307)

  

Net assets
  
100,302
66,969


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
100,301
66,968

  
100,302
66,969

Page 1

 
ARCAP FUNDING LTD
REGISTERED NUMBER:10810134
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

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 by: 




................................................
E M Arbib
Director

Date: 12 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ARCAP FUNDING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Arcap Funding Ltd is a private limited liability company incorporated in England and Wales. Its registered office is at 5 Elstree Gate, Elstree Way, Borehamwood WD6 1JD. The principal place of business is at 4 Hill Street, London W1J 5NE. 
The principal activity of the company during the period was that of acquiring funding for the group.

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

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.
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 Statement of Comprehensive Income.

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to the Statement of Comprehensive Income 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. 

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

Page 3

 
ARCAP FUNDING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

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 and 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 and call deposits.


3.


Employees

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







4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
1,055,506
1,203,748

Prepayments and accrued income
11,653
10,291

1,067,159
1,214,039



5.


Current asset investments

2024
2023
£
£

Listed investments
963,968
1,106,068


Page 4

 
ARCAP FUNDING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
76
36

Taxation and social security
5,888
7,151

5,964
7,187



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,111,655
2,247,307


The bank loan is secured by a fixed and floating charge over the company's present and future assets.


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
2,111,655
2,247,307


2,111,655
2,247,307



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 Ordinary share of £1
1
1



10.Directors' personal guarantees

The directors have provided personal guarantees as well as personal property as security for the bank loan.
Page 5

 
ARCAP FUNDING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

11.


Parent undertaking

Arcap Partners Limited, a company registered in England and Wales is the immediate parent undertaking.

 
Page 6