Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-312No description of principal activity2022-04-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07970398 2022-04-01 2023-03-31 07970398 2021-04-01 2022-03-31 07970398 2023-03-31 07970398 2022-03-31 07970398 c:Director1 2022-04-01 2023-03-31 07970398 d:CurrentFinancialInstruments 2023-03-31 07970398 d:CurrentFinancialInstruments 2022-03-31 07970398 d:Non-currentFinancialInstruments 2023-03-31 07970398 d:Non-currentFinancialInstruments 2022-03-31 07970398 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07970398 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07970398 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07970398 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 07970398 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 07970398 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 07970398 d:ShareCapital 2023-03-31 07970398 d:ShareCapital 2022-03-31 07970398 d:RetainedEarningsAccumulatedLosses 2023-03-31 07970398 d:RetainedEarningsAccumulatedLosses 2022-03-31 07970398 c:OrdinaryShareClass1 2022-04-01 2023-03-31 07970398 c:OrdinaryShareClass1 2023-03-31 07970398 c:OrdinaryShareClass1 2022-03-31 07970398 c:FRS102 2022-04-01 2023-03-31 07970398 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07970398 c:FullAccounts 2022-04-01 2023-03-31 07970398 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07970398 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07970398









INCOGNITUS (UK) LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
INCOGNITUS (UK) LTD
REGISTERED NUMBER: 07970398

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
11,937
29,252

Cash at bank and in hand
 5 
18,289
-

  
30,226
29,252

Creditors: amounts falling due within one year
 6 
(111,108)
(16,546)

Net current (liabilities)/assets
  
 
 
(80,882)
 
 
12,706

Total assets less current liabilities
  
(80,882)
12,706

Creditors: amounts falling due after more than one year
 7 
(23,623)
(43,333)

  

Net liabilities
  
(104,505)
(30,627)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(104,506)
(30,628)

  
(104,505)
(30,627)


Page 1

 
INCOGNITUS (UK) LTD
REGISTERED NUMBER: 07970398
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 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: 




................................................
C Lovett
Director

Date: 1 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
INCOGNITUS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Incognitus (UK) Ltd is a private company limited by shares, incorporated in England & Wales (registered number: 07970398). 
The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

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 the going concern basis. The company is dependent on the directors and shareholder for financial support, which the directors are confident will continue for a period of at least another 12 months following the approval of these financial statements.
 
As at 31 March 2023, the company had net liabilities of £104,505. The directors and shareholder have indicated their present intention to provide adequate finance to enable the company to continue in operational existence, and on this basis the director considers it appropriate to prepare the financial statements on the going concern basis.
 
The financial statements do not reflect any adjustments that would result from a withdrawal of financial support by the directors and shareholder.

 
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:

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.

Page 3

 
INCOGNITUS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.8

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.

Page 4

 
INCOGNITUS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£

Amounts owed by group undertakings
11,735
15,028

Other debtors
202
14,224

11,937
29,252



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
18,289
-

Less: bank overdrafts
-
(1,881)

18,289
(1,881)


Page 5

 
INCOGNITUS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
1,881

Bank loans
8,736
-

Trade creditors
5,208
5,208

Amounts owed to group undertakings
82,995
-

Corporation tax
544
544

Other taxation and social security
4,629
-

Other creditors
3,346
4,963

Accruals and deferred income
5,650
3,950

111,108
16,546



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
23,623
43,333

23,623
43,333


Page 6

 
INCOGNITUS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
8,736
-


8,736
-

Amounts falling due 1-2 years

Bank loans
23,625
43,333


23,625
43,333



32,361
43,333


Page 7

 
INCOGNITUS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


 
Page 8