Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31truefalse2023-06-01falseNo description of principal activity12trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08078209 2023-06-01 2024-05-31 08078209 2022-06-01 2023-05-31 08078209 2024-05-31 08078209 2023-05-31 08078209 c:Director2 2023-06-01 2024-05-31 08078209 d:MotorVehicles 2023-06-01 2024-05-31 08078209 d:MotorVehicles 2024-05-31 08078209 d:MotorVehicles 2023-05-31 08078209 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08078209 d:OfficeEquipment 2024-05-31 08078209 d:OfficeEquipment 2023-05-31 08078209 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08078209 d:ComputerEquipment 2023-06-01 2024-05-31 08078209 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08078209 d:CurrentFinancialInstruments 2024-05-31 08078209 d:CurrentFinancialInstruments 2023-05-31 08078209 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 08078209 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08078209 d:ShareCapital 2024-05-31 08078209 d:ShareCapital 2023-05-31 08078209 d:RetainedEarningsAccumulatedLosses 2024-05-31 08078209 d:RetainedEarningsAccumulatedLosses 2023-05-31 08078209 c:OrdinaryShareClass1 2023-06-01 2024-05-31 08078209 c:OrdinaryShareClass1 2024-05-31 08078209 c:FRS102 2023-06-01 2024-05-31 08078209 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08078209 c:FullAccounts 2023-06-01 2024-05-31 08078209 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08078209 2 2023-06-01 2024-05-31 08078209 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08078209









ELAREM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
ELAREM LIMITED
REGISTERED NUMBER: 08078209

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,895
27,832

  
19,895
27,832

Current assets
  

Debtors
 5 
30,814
70,905

Bank balances
  
390,495
212,397

  
421,309
283,302

Current liabilities
  

 Creditors: amounts falling due within one year
 6 
(27,522)
(11,760)

Net current assets
  
 
 
393,787
 
 
271,542

Total assets less current liabilities
  
413,682
299,374

  

Net assets
  
413,682
299,374


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
413,680
299,372

  
413,682
299,374


Page 1

 
ELAREM LIMITED
REGISTERED NUMBER: 08078209
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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 15 October 2024.


D Shasha
Director

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

Page 2

 
ELAREM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Elarem Limited is a private company limited by shares and incorporated in England and Wales. The registered office is Regina House, 124 Finchley Road, London, NW3 5JS.

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 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 company's functional and presentational currency is GBP.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises of fees receivable from investment broker services and is recognised by the company in the period the service take place. Revenue is measured as the fair value of consideration receivable, excluding discounts and rebates.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

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

 
ELAREM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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


Motor vehicles
-
25% reducing balance
Office equipment
-
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.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

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.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
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 and loans to related parties.

 
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.

Page 4

 
ELAREM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees

2024
2023
£
£

Wages and salaries
12,000
159,651

Social security costs
721
20,621

12,721
180,272


The average monthly number of employees, including directors, during the year was 1 (2023 - 2).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost


At 1 June 2023
49,340
19,298
68,638



At 31 May 2024

49,340
19,298
68,638



Depreciation


At 1 June 2023
25,056
15,750
40,806


Charge for the year on owned assets
6,071
1,866
7,937



At 31 May 2024

31,127
17,616
48,743



Net book value



At 31 May 2024
18,213
1,682
19,895



At 31 May 2023
24,284
3,548
27,832


5.


Debtors

2024
2023
£
£


Other debtors
30,814
70,905

30,814
70,905


Page 5

 
ELAREM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
19,959
-

Other creditors
7,563
11,760

27,522
11,760



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1.00 each
2
2



8.


Related party transactions

Included in the year end other debtor balance is an amount owed to the company by the director of £16,853 (2023: owing from the company £5,760). This balance has been repaid within 9 months of the year end.  This amount is unsecured and not subject to interest. 

 
Page 6