Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01No description of principal activityfalse11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07667101 2023-01-01 2023-12-31 07667101 2022-01-01 2022-12-31 07667101 2023-12-31 07667101 2022-12-31 07667101 c:Director1 2023-01-01 2023-12-31 07667101 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 07667101 d:OtherPropertyPlantEquipment 2023-12-31 07667101 d:OtherPropertyPlantEquipment 2022-12-31 07667101 d:CurrentFinancialInstruments 2023-12-31 07667101 d:CurrentFinancialInstruments 2022-12-31 07667101 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07667101 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07667101 d:ShareCapital 2023-12-31 07667101 d:ShareCapital 2022-12-31 07667101 d:RetainedEarningsAccumulatedLosses 2023-12-31 07667101 d:RetainedEarningsAccumulatedLosses 2022-12-31 07667101 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07667101 c:OrdinaryShareClass1 2023-12-31 07667101 c:OrdinaryShareClass1 2022-12-31 07667101 c:FRS102 2023-01-01 2023-12-31 07667101 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07667101 c:FullAccounts 2023-01-01 2023-12-31 07667101 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07667101









LION AND EMU LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LION AND EMU LIMITED
REGISTERED NUMBER: 07667101

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
423,908
373,913

Cash at bank and in hand
  
15,975
23,515

  
439,883
397,428

Creditors: amounts falling due within one year
 6 
(169,334)
(130,432)

Net current assets
  
 
 
270,549
 
 
266,996

Total assets less current liabilities
  
270,549
266,996

  

Net assets
  
270,549
266,996


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
270,548
266,995

  
270,549
266,996

Page 1

 
LION AND EMU LIMITED
REGISTERED NUMBER: 07667101
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 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 on 6 November 2024.




J B Litherland
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
LION AND EMU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Lion and Emu Ltd is a private company limited by share and incorporated in England & Wales (registered number 07667101). The registered office is 101 New Cavendish Street, First Floor South, London, United Kingdom, W1W 6XH.

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. 
As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.
Accordingly the director has continued to prepare the financial statements on the going concern basis.

Page 3

 
LION AND EMU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

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

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 reporting date in the countries where the Company operates and generates income.

 
2.5

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.

Page 4

 
LION AND EMU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Other fixed assets
-
25%
Straight Line Method

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.

 
2.6

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.

 
2.7

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 (2022 - 1).

Page 5

 
LION AND EMU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 January 2023
27,535



At 31 December 2023

27,535



Depreciation


At 1 January 2023
27,535



At 31 December 2023

27,535



Net book value



At 31 December 2023
-



At 31 December 2022
-


5.


Debtors

2023
2022
£
£


Trade debtors
-
32,816

Amounts owed by group undertakings
420,847
177,805

Other debtors
3,163
141

Prepayments and accrued income
-
157,232

Tax recoverable
(102)
5,919

423,908
373,913


Page 6

 
LION AND EMU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
165,000
120,000

Corporation tax
834
3,353

Accruals and deferred income
3,500
7,079

169,334
130,432



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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



8.


Related party transactions

Included in other debtors is an amount of £675 (2022: £75) due from the director and an amount of £420,847 owed by Digital Lion LLC.

 
Page 7