Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3062023-05-01falseNo description of principal activity6falsetrue 02407416 2023-05-01 2024-04-30 02407416 2022-05-01 2023-04-30 02407416 2024-04-30 02407416 2023-04-30 02407416 c:CompanySecretary1 2023-05-01 2024-04-30 02407416 c:Director1 2023-05-01 2024-04-30 02407416 c:RegisteredOffice 2023-05-01 2024-04-30 02407416 d:Buildings 2023-05-01 2024-04-30 02407416 d:Buildings 2024-04-30 02407416 d:Buildings 2023-04-30 02407416 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02407416 d:MotorVehicles 2023-05-01 2024-04-30 02407416 d:MotorVehicles 2024-04-30 02407416 d:MotorVehicles 2023-04-30 02407416 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02407416 d:FurnitureFittings 2023-05-01 2024-04-30 02407416 d:FurnitureFittings 2024-04-30 02407416 d:FurnitureFittings 2023-04-30 02407416 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02407416 d:OfficeEquipment 2023-05-01 2024-04-30 02407416 d:OfficeEquipment 2024-04-30 02407416 d:OfficeEquipment 2023-04-30 02407416 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02407416 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02407416 d:CurrentFinancialInstruments 2024-04-30 02407416 d:CurrentFinancialInstruments 2023-04-30 02407416 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02407416 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02407416 d:ShareCapital 2024-04-30 02407416 d:ShareCapital 2023-04-30 02407416 d:RetainedEarningsAccumulatedLosses 2024-04-30 02407416 d:RetainedEarningsAccumulatedLosses 2023-04-30 02407416 c:FRS102 2023-05-01 2024-04-30 02407416 c:Audited 2023-05-01 2024-04-30 02407416 c:FullAccounts 2023-05-01 2024-04-30 02407416 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02407416 c:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Company registration number: 02407416







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024


ANT EUROPE LIMITED






































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ANT EUROPE LIMITED
 


 
COMPANY INFORMATION


Director
Mr Y. Horoz 




Company secretary
Mrs A. M. Horoz Garner



Registered number
02407416



Registered office
11 Penrhyn Road
Kingston Upon Thames

Surrey

KT1 2BZ




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


ANT EUROPE LIMITED
 



CONTENTS



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


 


ANT EUROPE LIMITED
REGISTERED NUMBER:02407416



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
908,686
945,010

  
908,686
945,010

Current assets
  

Debtors: amounts falling due within one year
 5 
2,823,694
814,857

Cash at bank and in hand
  
774,046
2,217,676

  
3,597,740
3,032,533

Creditors: amounts falling due within one year
 6 
(304,971)
(474,381)

Net current assets
  
 
 
3,292,769
 
 
2,558,152

Total assets less current liabilities
  
4,201,455
3,503,162

Provisions for liabilities
  

Deferred tax
  
(9,332)
(15,714)

  
 
 
(9,332)
 
 
(15,714)

Net assets
  
4,192,123
3,487,448


Capital and reserves
  

Allotted, called up and fully paid share capital
  
5,000
5,000

Profit and loss account
  
4,187,123
3,482,448

  
4,192,123
3,487,448


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 by: 




Mr Y. Horoz
Director

Date: 20 September 2024

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

Page 1

 


ANT EUROPE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The Company is a private company, limited by shares and incorporated in England and Wales. The address of the registered office is given on the Company Information page. The trading address of the Company is the same as the registered address.

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 and the financial statements are rounded to the nearest pound.

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

 
2.3

Revenue

Revenue from the provision of services within the ship building industry 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:

Sale of goods
Revenue from the sale of goods is recognised at the point of dispatch as this is when the risks and rewards of ownership are considered to have transferred to the customer.
Rendering of services
Revenue from a contract to provide services is recognised at the point at which Ant Europe Limited have fulfilled their obligation to the customer regardless of whether there has been receipt of cash.

Page 2

 


ANT EUROPE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

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.

Page 3

 


ANT EUROPE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Motor vehicles
-
25%
straight line
Fixtures and fittings
-
100%
straight line
Office equipment
-
100%
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.

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 6).

Page 4

 


ANT EUROPE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Freehold land and property
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost


At 1 May 2023
910,223
103,980
18,573
32,984
1,065,760


Additions
-
-
-
10,666
10,666


Disposals
-
-
-
(10,612)
(10,612)



At 30 April 2024

910,223
103,980
18,573
33,038
1,065,814



Depreciation


At 1 May 2023
28,534
40,659
18,573
32,984
120,750


Charge for the year
10,329
25,995
-
10,666
46,990


Disposals
-
-
-
(10,612)
(10,612)



At 30 April 2024

38,863
66,654
18,573
33,038
157,128



Net book value



At 30 April 2024
871,360
37,326
-
-
908,686



At 30 April 2023
881,689
63,321
-
-
945,010

Page 5

 


ANT EUROPE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
330,868
811,101

Other debtors
2,491,323
3,318

Prepayments and accrued income
1,503
438

2,823,694
814,857



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
27,901
124,165

Corporation tax
249,465
173,255

Other taxation and social security
1,645
1,932

Other creditors
7,968
142,631

Accruals and deferred income
17,992
32,398

304,971
474,381



7.


Related party transactions

During the year amounts were advanced to directors and shareholders.
An amount of £2,534,416 (2023: £123,067) was advanced to a director. £Nil (2023: £175,000) was repaid.
An amount of £66,379 (2023: £154,337) was advanced to a shareholder. £Nil (2023: £175,000) was repaid.
An amount of £11,538 (2023: £35,597) was advanced to a shareholder. £Nil (2023: £35,000) was repaid.
An amount of £4,679 (2023: £26,145) was advanced to a shareholder. £Nil (2023: £35,000) was repaid.
There was no interest charged on these balances and these balances were re-paid in full post year end.


8.


Auditors' information

The auditors' report on the financial statements for the year ended 30 April 2024 was unqualified.

The audit report was signed on 23 September 2024 by Caroline Milton FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 6