Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302false3trueholding company2023-07-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08720835 2023-07-01 2024-06-30 08720835 2022-07-01 2023-06-30 08720835 2024-06-30 08720835 2023-06-30 08720835 c:Director3 2023-07-01 2024-06-30 08720835 d:CurrentFinancialInstruments 2024-06-30 08720835 d:CurrentFinancialInstruments 2023-06-30 08720835 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 08720835 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08720835 d:ShareCapital 2024-06-30 08720835 d:ShareCapital 2023-06-30 08720835 d:SharePremium 2023-07-01 2024-06-30 08720835 d:SharePremium 2024-06-30 08720835 d:SharePremium 2023-06-30 08720835 d:OtherMiscellaneousReserve 2023-07-01 2024-06-30 08720835 d:OtherMiscellaneousReserve 2024-06-30 08720835 d:OtherMiscellaneousReserve 2023-06-30 08720835 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 08720835 d:RetainedEarningsAccumulatedLosses 2024-06-30 08720835 d:RetainedEarningsAccumulatedLosses 2023-06-30 08720835 c:FRS102 2023-07-01 2024-06-30 08720835 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08720835 c:FullAccounts 2023-07-01 2024-06-30 08720835 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08720835 6 2023-07-01 2024-06-30 08720835 14 2023-07-01 2024-06-30 08720835 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 08720835










ICORE CONSULTANCY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
ICORE CONSULTANCY LIMITED
REGISTERED NUMBER: 08720835

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,894,114
1,894,114

  
1,894,114
1,894,114

Current assets
  

Debtors: amounts falling due within one year
 5 
1,000
1,000

  
1,000
1,000

Creditors: amounts falling due within one year
 6 
(1,823,931)
(1,825,223)

Net current liabilities
  
 
 
(1,822,931)
 
 
(1,824,223)

Total assets less current liabilities
  
71,183
69,891

  

Net assets
  
71,183
69,891


Capital and reserves
  

Called up share capital 
  
1,539
1,539

Share premium account
 7 
41,619
41,619

Other reserves
 7 
(1,542,832)
(1,542,832)

Profit and loss account
 7 
1,570,857
1,569,565

  
71,183
69,891


Page 1

 
ICORE CONSULTANCY LIMITED
REGISTERED NUMBER: 08720835
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 year 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 statement of comprehensive income 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: 




A T Marland
Director

Date: 29 October 2024

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

Page 2

 
ICORE CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is a private company limited by shares and is incorporated in England and Wales. The address of its registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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

Going concern

The financial statements have been prepared on a going concern basis as a related entity has confirmed that it will continue to provide support for the company to meet its forecast liabilities as they fall due.

 
2.3

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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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.

 
2.6

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.

 
2.7

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Page 3

 
ICORE CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Basic financial assets

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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 4

 
ICORE CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Employee share ownership plan

The cost of the Company's shares held by the ESOP is deducted from equity in the Group and Company balance sheets under the heading ESOP share reserve. Any cash received by the ESOP on disposal of the shares it holds is also recognised directly in equity. Other assets and liabilities of the ESOP (including borrowings) are recognised as assets and liabilities of the Company.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 July 2023
1,894,114



At 30 June 2024
1,894,114





5.


Debtors

2024
2023
£
£


Called up share capital not paid
1,000
1,000



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
1,433,634
1,447,352

Corporation tax
431
874

Other creditors
389,866
376,997

1,823,931
1,825,223


Page 5

 
ICORE CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Reserves

Share premium account

The share premium account comprises amounts paid in excess of the nominal value of issued share capital.

Other reserves

On 4 September 2020 90 percent of the issued share capital of the company was acquired by the iCore Consultancy Employee Ownership Trust. The Trust holds shares for the future benefit of the company's employees. 
The distributions made by the company to the Trust are treated as gift payments so that the Trust can meet its obligations and are included in Other reserves. 

Profit and loss account

The profit and loss account comprises accumulated profits and losses of the company, less dividends paid. 

 
Page 6