Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2No description of principal activitytrue2truefalse 13667072 2023-01-01 2023-12-31 13667072 2021-10-07 2022-12-31 13667072 2023-12-31 13667072 2022-12-31 13667072 c:Director1 2023-01-01 2023-12-31 13667072 d:CurrentFinancialInstruments 2023-12-31 13667072 d:CurrentFinancialInstruments 2022-12-31 13667072 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13667072 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13667072 d:ShareCapital 2023-12-31 13667072 d:ShareCapital 2022-12-31 13667072 d:RetainedEarningsAccumulatedLosses 2023-12-31 13667072 d:RetainedEarningsAccumulatedLosses 2022-12-31 13667072 c:FRS102 2023-01-01 2023-12-31 13667072 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13667072 c:FullAccounts 2023-01-01 2023-12-31 13667072 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13667072 2 2023-01-01 2023-12-31 13667072 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13667072









THRIVE ALTERNATIVES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
THRIVE ALTERNATIVES LIMITED
REGISTERED NUMBER: 13667072

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
33,463
37,365

Cash at bank and in hand
 5 
24,552
13,850

  
58,015
51,215

Creditors: amounts falling due within one year
 6 
(44,558)
(47,179)

Net current assets
  
 
 
13,457
 
 
4,036

Total assets less current liabilities
  
13,457
4,036

  

Net assets
  
13,457
4,036


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
13,456
4,035

  
13,457
4,036


Page 1

 
THRIVE ALTERNATIVES LIMITED
REGISTERED NUMBER: 13667072
    
STATEMENT OF FINANCIAL POSITION (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 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: 




Gianluca D'Angelo
Director

Date: 8 October 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2

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

1.


General information

Thrive Alternatives Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales (registered number :13667072).
The company's registered office address and principal place of business address is 101 New Cavendish Street, 1st Floor South, London, England, W1W 6XH.
                                                                                                                                                                                                                                                                                                                                                                            The financial statements are presented in Sterling, which is the functional currency of the company.

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.

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 Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

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

2.Accounting policies (continued)

 
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.

 
2.4

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

 
2.6

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

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

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.


3.


Employees

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


4.


Debtors

2023
2022
£
£


Trade debtors
22,253
31,603

Other debtors
7,626
5,762

Prepayments and accrued income
3,584
-

33,463
37,365


Page 5

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

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
24,552
13,850

24,552
13,850



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
24
3,200

Corporation tax
2,210
946

Other taxation and social security
-
4,091

Other creditors
25,323
1,542

Accruals and deferred income
17,001
37,400

44,558
47,179



7.


Controlling party

The ultimate parent company is Thrive Alternatives Pte.Ltd which is registered in Singapore.
 
Page 6