Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-08-01false2222truetruefalse 02953345 2023-08-01 2024-07-31 02953345 2022-08-01 2023-07-31 02953345 2024-07-31 02953345 2023-07-31 02953345 c:CompanySecretary1 2023-08-01 2024-07-31 02953345 c:Director1 2023-08-01 2024-07-31 02953345 c:Director2 2023-08-01 2024-07-31 02953345 c:RegisteredOffice 2023-08-01 2024-07-31 02953345 d:Buildings d:LongLeaseholdAssets 2023-08-01 2024-07-31 02953345 d:Buildings d:LongLeaseholdAssets 2024-07-31 02953345 d:Buildings d:LongLeaseholdAssets 2023-07-31 02953345 d:MotorVehicles 2023-08-01 2024-07-31 02953345 d:MotorVehicles 2024-07-31 02953345 d:MotorVehicles 2023-07-31 02953345 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02953345 d:FurnitureFittings 2023-08-01 2024-07-31 02953345 d:FurnitureFittings 2024-07-31 02953345 d:FurnitureFittings 2023-07-31 02953345 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02953345 d:OfficeEquipment 2023-08-01 2024-07-31 02953345 d:OfficeEquipment 2024-07-31 02953345 d:OfficeEquipment 2023-07-31 02953345 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02953345 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02953345 d:CurrentFinancialInstruments 2024-07-31 02953345 d:CurrentFinancialInstruments 2023-07-31 02953345 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 02953345 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 02953345 d:ShareCapital 2024-07-31 02953345 d:ShareCapital 2023-07-31 02953345 d:RetainedEarningsAccumulatedLosses 2024-07-31 02953345 d:RetainedEarningsAccumulatedLosses 2023-07-31 02953345 c:FRS102 2023-08-01 2024-07-31 02953345 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 02953345 c:FullAccounts 2023-08-01 2024-07-31 02953345 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02953345 2 2023-08-01 2024-07-31 02953345 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Company registration number: 02953345







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2024


KESTREL ASSOCIATES LIMITED






































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KESTREL ASSOCIATES LIMITED
 


 
COMPANY INFORMATION


Directors
Mr B E Easton 
Mrs J L Easton 




Company secretary
Mrs J L Easton



Registered number
02953345



Registered office
125 New Brighton Road

Emsworth

Hampshire

PO10 7QS




Accountants
Menzies LLP
Chartered Accountants

3000A Parkway

Whiteley

Hampshire

PO15 7FX





 


KESTREL ASSOCIATES LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


KESTREL ASSOCIATES LIMITED
REGISTERED NUMBER:02953345



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
34,288
44,589

  
34,288
44,589

Current assets
  

Debtors: amounts falling due within one year
 5 
36,140
43,633

Cash at bank and in hand
  
455,685
447,550

  
491,825
491,183

Creditors: amounts falling due within one year
 6 
(114,286)
(100,113)

Net current assets
  
 
 
377,539
 
 
391,070

Total assets less current liabilities
  
411,827
435,659

Provisions for liabilities
  

Deferred tax
  
(8,572)
(11,147)

  
 
 
(8,572)
 
 
(11,147)

Net assets
  
403,255
424,512

Page 1

 


KESTREL ASSOCIATES LIMITED
REGISTERED NUMBER:02953345


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
30,000
30,000

Profit and loss account
  
373,255
394,512

  
403,255
424,512


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 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: 





Mr B E Easton
Director

Date: 21 October 2024

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

Page 2

 


KESTREL ASSOCIATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Kestrel Associates Limited is a private company limited by shares registered in England & Wales. The address of its registered office and principal place of business  is 125 New Brighton Road,  Emsworth, Hampshire, PO10 7QS.
The presentation currency in these accounts is GBP rounded to the nearest £1.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

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

 
2.4

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


KESTREL ASSOCIATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
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.

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:

Long-term leasehold property
-
5 years straight line
Motor vehicles
-
25% written down value
Fixtures and fittings
-
25% written down value
Office equipment
-
25% written down value

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

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.

Page 4

 


KESTREL ASSOCIATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
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.

Financial instruments are recognised in the Company's Statement of financial position 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 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.

 
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.

Page 5

 


KESTREL ASSOCIATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2023 - 22).


4.


Tangible fixed assets





Long-term leasehold property
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 August 2023
8,227
57,180
23,205
13,808
102,420


Additions
-
-
-
1,699
1,699


Disposals
-
-
-
(1,799)
(1,799)



At 31 July 2024

8,227
57,180
23,205
13,708
102,320



Depreciation


At 1 August 2023
8,227
25,016
16,623
7,965
57,831


Charge for the year on owned assets
-
8,041
1,647
1,743
11,431


Disposals
-
-
-
(1,230)
(1,230)



At 31 July 2024

8,227
33,057
18,270
8,478
68,032



Net book value



At 31 July 2024
-
24,123
4,935
5,230
34,288



At 31 July 2023
-
32,164
6,582
5,843
44,589

Page 6

 


KESTREL ASSOCIATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
28,340
33,269

Prepayments and accrued income
7,800
10,364

36,140
43,633



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
4,603
1,362

Trade creditors
2,645
3,568

Corporation tax
15,258
15,763

Other taxation and social security
5,994
3,708

Accruals and deferred income
85,786
75,712

114,286
100,113


Page 7