Company registration number 13033890 (England and Wales)
CINCHONA TECHNOLOGIES LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
CINCHONA TECHNOLOGIES LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 12
CINCHONA TECHNOLOGIES LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
4
92,279
Tangible assets
5
2,358
60,493
Investments
6
13,013,797
13,013,797
13,108,434
13,074,290
Current assets
Debtors
8
4,486,425
1,953,987
Cash at bank and in hand
86,481
49,590
4,572,906
2,003,577
Creditors: amounts falling due within one year
9
(2,495,650)
(626,352)
Net current assets
2,077,256
1,377,225
Total assets less current liabilities
15,185,690
14,451,515
Creditors: amounts falling due after more than one year
10
(7,958,334)
(8,110,466)
Net assets
7,227,356
6,341,049
Capital and reserves
Called up share capital
11
5
5
Share premium account
5,351,993
5,096,992
Share option reserve
1,436,959
805,653
Profit and loss reserves
438,399
438,399
Total equity
7,227,356
6,341,049
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 28 October 2024 and are signed on its behalf by:
Mr T El-Sheikh
Director
Company registration number 13033890 (England and Wales)
CINCHONA TECHNOLOGIES LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
Share capital
Share premium account
Share option reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
As restated for the period ended 31 December 2022:
Balance at 1 January 2022
4
3,121,991
-
-
3,121,995
Share option expense - as restated
-
447,196
447,196
As restated
4
3,121,991
447,196
3,569,191
Period ended 31 December 2022:
Profit and total comprehensive income for the year
-
-
-
Issue of share capital
11
1
1,975,001
-
-
1,975,002
Share option expense - as restated
-
-
796,856
796,856
Share options exercised - as restated
-
-
(438,399)
438,399
-
Balance at 31 December 2022 - as restated
5
5,096,992
805,653
438,399
6,341,049
Year ended 31 December 2023:
Profit and total comprehensive income for the year
-
-
-
Issue of share capital
11
255,000
-
-
255,000
Share option expense
-
-
631,306
631,306
Balance at 31 December 2023
5
5,351,993
1,436,959
438,399
7,227,356
CINCHONA TECHNOLOGIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information
Cinchona Technologies Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Chadwick Farm (C/O Big Game Hunters), Garford, Abingdon, OX13 5PD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.2
Going concern
Raising capital is an important aspect of the business model whether it is for working capital or growth requirements. The directors are of the opinion that a minimum raise of £2m is required to meet the company's working capital requirements over the next 12 months. true
The company has successfully renegotiated the terms of its loans converting the current facility into a convertible loan note (CLN). The terms of the CLN are such that it will convert to a fixed number of shares. Once fully subscribed this will significantly strengthen the company’s balance sheet and fuel further growth for the business. In addition, it will remove the amortising nature of the original facility, improving future cashflow. The company and its directors have previously raised both debt and equity, and based on their experience, and discussions with current investors, the directors are confident that the remaining subscription will be filled.
These assumptions are still subject to external macroeconomic factors, including but not limited to, recessions and shifts in consumer sentiment. The company acknowledges the need to remain vigilant and adaptive to market conditions, ensuring strategic flexibility in response to unforeseen challenges.
At the time of approving the financial statements, the directors have a reasonable expectation that the company will be able to secure adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover related to management charges receivable from the company's subsidiary undertakings and is shown net of VAT and other relates sales taxes.
1.4
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
CINCHONA TECHNOLOGIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Software
3-5 years straight line
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
3-4 years straight line
Computers
3-5 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.6
Fixed asset investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.7
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
CINCHONA TECHNOLOGIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
1.8
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.10
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
CINCHONA TECHNOLOGIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 6 -
1.11
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.12
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.13
Share-based payments
Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black Scholes methodology. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.
When the terms and conditions of equity-settled share options at the time they were granted are subsequently modified, the fair value of the share options under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share options. The share options expense is not adjusted if the modified fair value is less than the original fair value.
1.14
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
1.15
During the year, the directors reassessed the calculation of the share option expense to better reflect its nature. Further details of the prior year adjustment can be seen in note 13 of these financial statements.
CINCHONA TECHNOLOGIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.
Impairment of investment
Management carry out a review of indicators of impairment in relation of investments in subsidiaries on an annual basis. In performing this review, management are required to make judgements as to whether the information considered (for example, recent results of the subsidiary) represents an indicator of impairment. Should indicators of impairment be noted, management then perform a detailed review of the value of the investments held in order to assess whether an impairment is required.
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Share option valuation
The company operates an employee share option scheme. The options are valued using the Black Scholes methodology. The cost of this scheme and the present value of the obligation depends on a number of factors, including; the value of the company's shares at each grant date, the company's risk free rate, the expected term over which the options will be exercised and the company's volatility. Management estimate these factors in determining the present value, based on historic and benchmarked information.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
20
14
CINCHONA TECHNOLOGIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 8 -
4
Intangible fixed assets
Other
£
Cost
At 1 January 2023
Transfers
52,932
Additions
43,488
At 31 December 2023
96,420
Amortisation and impairment
At 1 January 2023
Transfers
585
Amortisation charged for the year
3,556
At 31 December 2023
4,141
Carrying amount
At 31 December 2023
92,279
At 31 December 2022
Computer software costs have been reclassified to intangible assets from tangible assets to better reflect their nature.
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
67,152
Disposals
(2,134)
Transfers
(52,932)
At 31 December 2023
12,086
Depreciation and impairment
At 1 January 2023
6,659
Depreciation charged in the year
3,654
Transfers
(585)
At 31 December 2023
9,728
Carrying amount
At 31 December 2023
2,358
At 31 December 2022
60,493
CINCHONA TECHNOLOGIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
5
Tangible fixed assets
(Continued)
- 9 -
Computer software costs have been reclassified from tangible assets to intangible assets to better reflect their nature.
6
Fixed asset investments
2023
2022
£
£
Investments in subsidiaries
13,013,797
13,013,797
7
Subsidiaries
Details of the company's subsidiaries at 31 December 2023 are as follows:
Name of undertaking
Address
Class of
% Held
shares held
Direct
Indirect
Sniper Bay Ltd
1
Direct
100.00
-
Old Black Dog Holdings Limited
1
Direct
100.00
-
Garden Games Limited
1
Indirect
0
100.00
Big Game Hunters Limited
1
Indirect
0
100.00
S&T Wholesale Limited
1
Direct
100.00
-
Chillibean Interactive Limited
2
Direct
100.00
-
Registered office addresses (all UK unless otherwise indicated):
1
Chadwick Farm (C/O Big Game Hunters), Garford, Abingdon, England, OX13 5PD
2
Unit 170, Moat House 54 Bloomfield Avenue, Belfast, Nothern Ireland, BT5 5AD
Since the end of the year, Sniper Bay Limited was dissolved on 8 October 2024 and an application was made to dissolve Chillibean Interactive Ltd on 10 October 2024.
8
Debtors
2023
2022
as restated
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
4,391,684
1,839,991
Other debtors
60,643
64,158
4,452,327
1,904,149
2023
2022
Amounts falling due after more than one year:
£
£
Other debtors
34,098
49,838
Total debtors
4,486,425
1,953,987
CINCHONA TECHNOLOGIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 10 -
9
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
61,338
57,819
Amounts owed to group undertakings
99,952
Taxation and social security
64,480
24,813
Other creditors
2,369,832
443,768
2,495,650
626,352
10
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
7,958,334
8,110,466
Avcap Luxembourg Asset Holding I S.A.R.L holds a fixed and floating charge over the assets of the company.
11
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £0.000000333
9,042,358
9,042,358
3
3
Deferred shares of £0.000000333
3,761,848
3,761,848
1
1
12,804,206
12,804,206
4
4
2023
2022
2023
2022
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference shares of 0.0000333p each
2,823,751
2,702,900
1
1
During the financial year the company issued, 120,851 preference shares with nominal value of £0.00000333 for £2.11 per share.
12
Related party transactions
The company has taken advantage of the exemption provided by FRS102 Section 33, not to disclose transactions and outstanding balances with its 100% directly or indirectly controlled subsidiary undertakings which form part of the Cinchona group.
CINCHONA TECHNOLOGIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 11 -
13
Prior period adjustment
Changes to the balance sheet
As previously reported
Adjustment at 1 Jan 2022
Adjustment at 31 Dec 2022
As restated at 31 Dec 2022
£
£
£
£
Current assets
Debtors due within one year
1,401,871
281,899
220,379
1,904,149
Capital and reserves
Other reserves
515,754
281,899
8,000
805,653
Profit and loss reserves
226,020
-
212,379
438,399
Total equity
5,838,771
281,899
220,379
6,341,049
Changes to the profit and loss account
As previously reported
Adjustment
As restated
Period ended 31 December 2022
£
£
£
Turnover
3,086,425
220,379
3,306,804
Administrative expenses
(2,055,802)
(220,379)
(2,276,181)
Profit for the financial period
-
-
-
Reconciliation of changes in equity
1 January
31 December
2022
2022
£
£
Adjustments to prior year
Share options
281,900
502,279
Equity as previously reported
3,287,291
5,838,771
Equity as adjusted
3,569,191
6,341,050
Analysis of the effect upon equity
Other reserves
281,899
502,278
Notes to reconciliation
During the year, the directors reassessed the calculation of the share options to better reflect their vesting nature. This also resulted in a corresponding adjustment to the prior year management charge levied to the company's subsidiaries.
The prior year adjustments had no effect on previously reported profit after tax.
CINCHONA TECHNOLOGIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 12 -
14
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Emphasis of matter relating to going concern
We draw attention to note 1.2 of these financial statements which detail the ongoing requirements for the company to raise funds in order to satisfy its working capital requirements in the foreseeable future.
These events or conditions indicate a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.
Our opinion is not modified in respect of this matter.
Senior Statutory Auditor:
Stephen Howard Neal
Statutory Auditor:
Shaw Gibbs (Audit) Limited
2023-12-312023-01-01false28 October 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityThis audit opinion is unqualifiedMr T El-SheikhMr M AbukhaterMr C ValentineMr T El-Sheikhfalsefalse130338902023-01-012023-12-31130338902023-12-31130338902022-12-3113033890core:IntangibleAssetsOtherThanGoodwill2023-12-3113033890core:IntangibleAssetsOtherThanGoodwill2022-12-3113033890core:OtherPropertyPlantEquipment2023-12-3113033890core:OtherPropertyPlantEquipment2022-12-3113033890core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3113033890core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3113033890core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3113033890core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3113033890core:CurrentFinancialInstruments2023-12-3113033890core:CurrentFinancialInstruments2022-12-3113033890core:ShareCapital2023-12-3113033890core:ShareCapital2022-12-3113033890core:SharePremium2023-12-3113033890core:SharePremium2022-12-3113033890core:OtherMiscellaneousReserve2023-12-3113033890core:OtherMiscellaneousReserve2022-12-3113033890core:RetainedEarningsAccumulatedLosses2023-12-3113033890core:RetainedEarningsAccumulatedLosses2022-12-3113033890core:SharePremiumcore:PriorPeriodIncreaseDecrease2021-12-3113033890core:RetainedEarningsAccumulatedLossescore:PriorPeriodIncreaseDecrease2021-12-3113033890core:ShareCapital2021-12-3113033890core:SharePremium2021-12-3113033890core:RetainedEarningsAccumulatedLosses2021-12-3113033890bus:CompanySecretaryDirector12023-01-012023-12-3113033890core:RetainedEarningsAccumulatedLosses2022-01-012022-12-31130338902022-01-012022-12-3113033890core:RetainedEarningsAccumulatedLosses2023-01-012023-12-3113033890core:ShareCapital2022-01-012022-12-3113033890core:SharePremium2022-01-012022-12-3113033890core:ShareCapital2023-01-012023-12-3113033890core:SharePremium2023-01-012023-12-3113033890core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113033890core:ComputerSoftware2023-01-012023-12-3113033890core:FurnitureFittings2023-01-012023-12-3113033890core:ComputerEquipment2023-01-012023-12-3113033890core:IntangibleAssetsOtherThanGoodwill2022-12-3113033890core:OtherPropertyPlantEquipment2022-12-3113033890core:OtherPropertyPlantEquipment2023-01-012023-12-3113033890core:Subsidiary12023-01-012023-12-3113033890core:Subsidiary22023-01-012023-12-3113033890core:Subsidiary32023-01-012023-12-3113033890core:Subsidiary42023-01-012023-12-3113033890core:Subsidiary52023-01-012023-12-3113033890core:Subsidiary62023-01-012023-12-3113033890core:Subsidiary112023-01-012023-12-3113033890core:Subsidiary212023-01-012023-12-3113033890core:Subsidiary312023-01-012023-12-3113033890core:Subsidiary412023-01-012023-12-3113033890core:Subsidiary512023-01-012023-12-3113033890core:Subsidiary612023-01-012023-12-3113033890core:WithinOneYear2023-12-3113033890core:WithinOneYear2022-12-3113033890core:AfterOneYear2023-12-3113033890core:AfterOneYear2022-12-3113033890core:Non-currentFinancialInstruments2023-12-3113033890core:Non-currentFinancialInstruments2022-12-3113033890core:ContinuingOperations2022-01-012022-12-3113033890bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113033890bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113033890bus:FRS1022023-01-012023-12-3113033890bus:Audited2023-01-012023-12-3113033890bus:Director12023-01-012023-12-3113033890bus:Director22023-01-012023-12-3113033890bus:Director32023-01-012023-12-3113033890bus:CompanySecretary12023-01-012023-12-3113033890bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP