Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3142022-12-01false5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06844799 2022-12-01 2023-12-31 06844799 2022-01-01 2022-11-30 06844799 2023-12-31 06844799 2022-11-30 06844799 c:Director1 2022-12-01 2023-12-31 06844799 d:ComputerEquipment 2022-12-01 2023-12-31 06844799 d:ComputerEquipment 2023-12-31 06844799 d:ComputerEquipment 2022-11-30 06844799 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-12-31 06844799 d:CurrentFinancialInstruments 2023-12-31 06844799 d:CurrentFinancialInstruments 2022-11-30 06844799 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06844799 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 06844799 d:ShareCapital 2023-12-31 06844799 d:ShareCapital 2022-11-30 06844799 d:SharePremium 2023-12-31 06844799 d:SharePremium 2022-11-30 06844799 d:RetainedEarningsAccumulatedLosses 2023-12-31 06844799 d:RetainedEarningsAccumulatedLosses 2022-11-30 06844799 c:OrdinaryShareClass1 2022-12-01 2023-12-31 06844799 c:OrdinaryShareClass1 2023-12-31 06844799 c:OrdinaryShareClass1 2022-11-30 06844799 c:FRS102 2022-12-01 2023-12-31 06844799 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-12-31 06844799 c:FullAccounts 2022-12-01 2023-12-31 06844799 c:PrivateLimitedCompanyLtd 2022-12-01 2023-12-31 06844799 2 2022-12-01 2023-12-31 06844799 e:PoundSterling 2022-12-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06844799














GUARD.ME INTERNATIONAL INSURANCE SERVICES LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7


 
REGISTERED NUMBER:06844799

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
30 November
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,842
1,149

  
2,842
1,149

Current assets
  

Debtors: amounts falling due within one year
 5 
503,308
947,243

Cash at bank and in hand
 6 
245,704
438,087

  
749,012
1,385,330

Creditors: amounts falling due within one year
 7 
(702,453)
(1,292,746)

Net current assets
  
 
 
46,559
 
 
92,584

Total assets less current liabilities
  
49,401
93,733

  

Net assets
  
49,401
93,733


Capital and reserves
  

Called up share capital 
 8 
11,234
10,634

Share premium account
  
1,232,766
633,366

Profit and loss account
  
(1,194,599)
(550,267)

  
49,401
93,733


1

 
REGISTERED NUMBER:06844799
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 period 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 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 on 8 October 2024.




Keith Segal
Director

The notes on pages 3 to 7 form part of these financial statements.

2

 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Guard.Me International Insurance Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06844799
The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal business address is 53 Sycamore Grove, Bracebridge Heath, LN4 2RD.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             The principal activity of the company is that of the provision of insurance and counselling services to the student market.

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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

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.

 
2.3

Turnover

Turnover represents amounts receivable for the provision of insurance and counselling services net of VAT and trade discounts.

 
2.4

Interest income

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

 
2.5

Borrowing costs

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

3

 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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 Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
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.

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:

Computer 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.

 
2.8

Debtors

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

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

4

 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

 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.


3.


Employees

The average monthly number of employees, including directors, during the period was 4 (2022 - 5).


4.


Tangible fixed assets







Computer equipment

£



Cost 


At 1 December 2022
9,609


Additions
2,617



At 31 December 2023

12,226



Depreciation


At 1 December 2022
8,460


Charge for the period on owned assets
924



At 31 December 2023

9,384



Net book value



At 31 December 2023
2,842



At 30 November 2022
1,149

5

 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Debtors

31 December
30 November
2023
2022
£
£


Trade debtors
18,951
227,000

Amounts owed by joint ventures and associated undertakings
29,007
387,597

Other debtors
452,225
332,256

Prepayments and accrued income
3,125
-

Tax recoverable
-
390

503,308
947,243



6.


Cash

31 December
30 November
2023
2022
£
£

Cash at bank and in hand
245,704
438,087

Less: bank overdrafts
-
(5,461)

245,704
432,626



7.


Creditors: Amounts falling due within one year

31 December
30 November
2023
2022
£
£

Bank overdrafts
-
5,461

Trade creditors
7,743
49,043

Other taxation and social security
-
24,733

Other creditors
686,470
1,208,309

Accruals
8,240
5,200

702,453
1,292,746


6

 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Share capital

31 December
30 November
2023
2022
£
£
Allotted, called up and fully paid



11,234 (2022 - 10,634) Ordinary shares of £1.00 each
11,234
10,634


On 28 December 2023, 600 ordinary £1 shares were issued for £600,000 in a debt for equity swap transaction.


9.


Pension commitments

The company operates a defined contributions 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 £660 (2022 - £550). Contributions totalling £257 (2022 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


10.


Related party transactions

Included in other debtors is an amount of £424,637 (2022 - £293,497due from a company under common control.
Included in other creditors is an amount of £686,212 (2022 - £1,208,238due to companies under common control.
No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35, as the company is itself a wholly owned subsidiary of The Guard.me Group Limited (Malta).

 
7