Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31No description of principal activity2023-02-01false13truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04397161 2023-02-01 2024-01-31 04397161 2022-02-01 2023-01-31 04397161 2024-01-31 04397161 2023-01-31 04397161 c:Director1 2023-02-01 2024-01-31 04397161 d:PlantMachinery 2023-02-01 2024-01-31 04397161 d:PlantMachinery 2024-01-31 04397161 d:PlantMachinery 2023-01-31 04397161 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04397161 d:PatentsTrademarksLicencesConcessionsSimilar 2024-01-31 04397161 d:PatentsTrademarksLicencesConcessionsSimilar 2023-01-31 04397161 d:CurrentFinancialInstruments 2024-01-31 04397161 d:CurrentFinancialInstruments 2023-01-31 04397161 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 04397161 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 04397161 d:ShareCapital 2024-01-31 04397161 d:ShareCapital 2023-01-31 04397161 d:SharePremium 2024-01-31 04397161 d:SharePremium 2023-01-31 04397161 d:RetainedEarningsAccumulatedLosses 2024-01-31 04397161 d:RetainedEarningsAccumulatedLosses 2023-01-31 04397161 c:OrdinaryShareClass1 2023-02-01 2024-01-31 04397161 c:OrdinaryShareClass1 2024-01-31 04397161 c:OrdinaryShareClass1 2023-01-31 04397161 c:FRS102 2023-02-01 2024-01-31 04397161 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 04397161 c:FullAccounts 2023-02-01 2024-01-31 04397161 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04397161 2 2023-02-01 2024-01-31 04397161 6 2023-02-01 2024-01-31 04397161 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04397161









CAUCUS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
CAUCUS LIMITED
REGISTERED NUMBER: 04397161

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
447,575
447,575

Tangible assets
 5 
991
11,636

Investments
  
100
100

  
448,666
459,311

Current assets
  

Stocks
  
5,924
6,379

Debtors: amounts falling due within one year
  
38,630
13,413

Cash at bank and in hand
  
1
1

  
44,555
19,793

Creditors: amounts falling due within one year
 8 
(205,668)
(67,643)

Net current liabilities
  
 
 
(161,113)
 
 
(47,850)

Total assets less current liabilities
  
287,553
411,461

  

Net assets
  
287,553
411,461


Capital and reserves
  

Called up share capital 
 9 
101
101

Share premium account
  
447,475
447,475

Profit and loss account
  
(160,023)
(36,115)

  
287,553
411,461


Page 1

 
CAUCUS LIMITED
REGISTERED NUMBER: 04397161
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 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 on 30 October 2024.


M Kaye
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CAUCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 04397161.  The Company's registered office is Sterling House, 71 Francis Road, Edgbaston, Birmingham, United Kingdom, B16 8SP.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.
The following accounting policy has been applied:

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has prepared the accounts on a going concern basis.

Page 3

 
CAUCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.4

Interest income

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

 
2.5

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
CAUCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
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.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
25%

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.

 
2.9

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.

Page 5

 
CAUCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.12

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.

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 3).

Page 6

 
CAUCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Intangible assets




Patents

£



Cost


At 1 February 2023
447,575



At 31 January 2024

447,575






Net book value



At 31 January 2024
447,575



At 31 January 2023
447,575




5.


Tangible fixed assets





Plant & machinery

£



Cost or valuation


At 1 February 2023
11,636



At 31 January 2024

11,636



Depreciation


Charge for the year on owned assets
10,645



At 31 January 2024

10,645



Net book value



At 31 January 2024
991



At 31 January 2023
11,636

Page 7

 
CAUCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2023
100



At 31 January 2024
100




Page 8

 
CAUCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Debtors

2024
2023
£
£


Other debtors
38,630
13,413

38,630
13,413



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
40,525
-

Amounts owed to group undertakings
99,360
5,158

Other taxation and social security
-
7,009

Other creditors
65,783
55,476

205,668
67,643



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



101 (2023 - 101) Ordinary shares of £1.00 each
101
101



10.


Related party transactions

As at the balance sheet date, £65,782 (2023: £55,475) was due to the director. This loan is interest free and repayable on demand.

 
Page 9