Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-11-013false3falseBusiness support servicetrue 11738151 2022-11-01 2023-10-31 11738151 2021-11-01 2022-10-31 11738151 2023-10-31 11738151 2022-10-31 11738151 c:Director2 2022-11-01 2023-10-31 11738151 d:CurrentFinancialInstruments 2023-10-31 11738151 d:CurrentFinancialInstruments 2022-10-31 11738151 d:Non-currentFinancialInstruments 2023-10-31 11738151 d:Non-currentFinancialInstruments 2022-10-31 11738151 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11738151 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11738151 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 11738151 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 11738151 d:ShareCapital 2023-10-31 11738151 d:ShareCapital 2022-10-31 11738151 d:RetainedEarningsAccumulatedLosses 2023-10-31 11738151 d:RetainedEarningsAccumulatedLosses 2022-10-31 11738151 c:FRS102 2022-11-01 2023-10-31 11738151 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11738151 c:FullAccounts 2022-11-01 2023-10-31 11738151 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11738151 2 2022-11-01 2023-10-31 11738151 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 11738151










EVEN (NEWASH) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
EVEN (NEWASH) LIMITED
REGISTERED NUMBER: 11738151

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,516,050
1,025,597

Cash at bank and in hand
 5 
137,796
1,767,957

  
1,653,846
2,793,554

Creditors: amounts falling due within one year
 6 
(1,178,156)
(1,591,318)

Net current assets
  
 
 
475,690
 
 
1,202,236

Total assets less current liabilities
  
475,690
1,202,236

Creditors: amounts falling due after more than one year
 7 
(15,829)
(24,296)

  

Net assets
  
459,861
1,177,940


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
459,761
1,177,840

  
459,861
1,177,940


Page 1

 
EVEN (NEWASH) LIMITED
REGISTERED NUMBER: 11738151
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 by: 




N S Lebetkin
Director

Date: 31 October 2024

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

Page 2

 
EVEN (NEWASH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

The company is a private company limited by shares, incorporated in England and Wales. The address of the registered office is 14th Floor, 33 Cavendish Square, Cavendish Square, 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 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:

Revenue in respect to property sales is recognised on completion of the property transaction. 

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Borrowing costs

Interest and similar finance charges on loans are capitalised to the extent that the loans are attributable to the development of the company's property. The balance of any interest payable or similar finance charges is written off to the profit and loss account. 

 
2.6

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.

Page 3

 
EVEN (NEWASH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
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.

 
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. 

 
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

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.

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 within 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
Page 4

 
EVEN (NEWASH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)

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 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.

 
2.11

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 period was 3 (2022 - 3).


4.


Debtors

2023
2022
£
£


Other debtors
1,516,050
1,025,597



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
137,796
1,767,957


Page 5

 
EVEN (NEWASH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
-
2,667

Corporation tax
-
462,498

Other creditors
953,391
1,011,653

Accruals and deferred income
214,765
104,500

1,178,156
1,591,318



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,829
24,296



8.


Related party transactions

At the balance sheet date, included in creditors is a balance of £623,391 (2022: £1,011,653) due to a director.
At the balance sheet date, included in debtors is a balance of £841,359 (2022: £1,006,713) due from a company in which the director has a material interest. 

 
Page 6