Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03332840 2023-05-01 2024-04-30 03332840 2022-05-01 2023-04-30 03332840 2024-04-30 03332840 2023-04-30 03332840 c:Director1 2023-05-01 2024-04-30 03332840 d:FurnitureFittings 2023-05-01 2024-04-30 03332840 d:FurnitureFittings 2024-04-30 03332840 d:FurnitureFittings 2023-04-30 03332840 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03332840 d:CurrentFinancialInstruments 2024-04-30 03332840 d:CurrentFinancialInstruments 2023-04-30 03332840 d:Non-currentFinancialInstruments 2024-04-30 03332840 d:Non-currentFinancialInstruments 2023-04-30 03332840 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03332840 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03332840 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 03332840 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 03332840 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 03332840 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 03332840 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 03332840 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 03332840 d:ShareCapital 2024-04-30 03332840 d:ShareCapital 2023-04-30 03332840 d:RetainedEarningsAccumulatedLosses 2024-04-30 03332840 d:RetainedEarningsAccumulatedLosses 2023-04-30 03332840 c:FRS102 2023-05-01 2024-04-30 03332840 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03332840 c:FullAccounts 2023-05-01 2024-04-30 03332840 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03332840 2 2023-05-01 2024-04-30 03332840 6 2023-05-01 2024-04-30 03332840 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 03332840









ERINGLADE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
ERINGLADE LIMITED
REGISTERED NUMBER: 03332840

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7
10

Investments
 5 
100
100

  
107
110

Current assets
  

Debtors
 6 
3,481,947
3,289,336

Cash at bank and in hand
 7 
17,304
42,846

  
3,499,251
3,332,182

Creditors: amounts falling due within one year
 8 
(2,750,206)
(2,716,306)

Net current assets
  
 
 
749,045
 
 
615,876

Total assets less current liabilities
  
749,152
615,986

Creditors: amounts falling due after more than one year
 9 
(31,290)
(37,592)

  

Net assets
  
717,862
578,394


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
717,762
578,294

  
717,862
578,394


Page 1

 
ERINGLADE LIMITED
REGISTERED NUMBER: 03332840
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 by: 




................................................
P Walsh
Director

Date: 24 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

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

1.


General information

Eringlade Limited is a private company limited by shares. The company is incorporated in England and Wales, and the address of its registered office is Aston House, Conwall Avenue, London, N3 1LF. The registered number is 03332840.

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

Interest income

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

 
2.3

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.

 
2.4

Borrowing costs

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

 
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 balance sheet date in the countries where the Company operates and generates income.

 
2.6

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

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

2.Accounting policies (continued)


2.6
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 a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance

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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

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

 
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.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets
Page 4

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

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.12

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 1 (2023 - 1).

Page 5

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

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 May 2023
416



At 30 April 2024

416



Depreciation


At 1 May 2023
406


Charge for the year on owned assets
3



At 30 April 2024

409



Net book value



At 30 April 2024
7



At 30 April 2023
10


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
100



At 30 April 2024
100





6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
-
1,740,000

Due within one year
Page 6

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

6.Debtors (continued)


Amounts owed by group undertakings
1,651,947
1,549,336

Other debtors
1,830,000
-

3,481,947
3,289,336



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
17,304
42,846



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,672
6,672

Corporation tax
-
14,723

Other creditors
2,742,178
2,692,709

Accruals and deferred income
1,356
2,202

2,750,206
2,716,306



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
31,290
36,845

Other creditors
-
747

31,290
37,592


Page 7

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

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans

6,672
6,672

Amounts falling due 1-2 years

Bank loans

6,672
6,672

Amounts falling due 2-5 years

Bank loans

24,619
30,174


37,963
43,518


 
Page 8