Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-31false2022-06-01falseproviding consultancy services22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10778956 2022-06-01 2023-05-31 10778956 2021-06-01 2022-05-31 10778956 2023-05-31 10778956 2022-05-31 10778956 c:Director1 2022-06-01 2023-05-31 10778956 d:FurnitureFittings 2022-06-01 2023-05-31 10778956 d:FurnitureFittings 2023-05-31 10778956 d:FurnitureFittings 2022-05-31 10778956 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 10778956 d:ComputerEquipment 2022-06-01 2023-05-31 10778956 d:ComputerEquipment 2023-05-31 10778956 d:ComputerEquipment 2022-05-31 10778956 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 10778956 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 10778956 d:CurrentFinancialInstruments 2023-05-31 10778956 d:CurrentFinancialInstruments 2022-05-31 10778956 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10778956 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 10778956 d:ShareCapital 2023-05-31 10778956 d:ShareCapital 2022-05-31 10778956 d:RetainedEarningsAccumulatedLosses 2023-05-31 10778956 d:RetainedEarningsAccumulatedLosses 2022-05-31 10778956 c:OrdinaryShareClass1 2022-06-01 2023-05-31 10778956 c:OrdinaryShareClass1 2023-05-31 10778956 c:OrdinaryShareClass1 2022-05-31 10778956 c:OrdinaryShareClass2 2022-06-01 2023-05-31 10778956 c:OrdinaryShareClass2 2023-05-31 10778956 c:OrdinaryShareClass2 2022-05-31 10778956 c:OrdinaryShareClass3 2022-06-01 2023-05-31 10778956 c:OrdinaryShareClass3 2023-05-31 10778956 c:OrdinaryShareClass3 2022-05-31 10778956 c:OrdinaryShareClass4 2022-06-01 2023-05-31 10778956 c:OrdinaryShareClass4 2023-05-31 10778956 c:OrdinaryShareClass4 2022-05-31 10778956 c:FRS102 2022-06-01 2023-05-31 10778956 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 10778956 c:FullAccounts 2022-06-01 2023-05-31 10778956 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10778956 2 2022-06-01 2023-05-31 10778956 e:PoundSterling 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 10778956












STANLEY CAPITAL ADVISERS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


 
REGISTERED NUMBER:10778956
STANLEY CAPITAL ADVISERS LTD

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,493
5,991

  
4,493
5,991

Current assets
  

Debtors: amounts falling due within one year
 5 
237,521
266,404

Cash at bank and in hand
  
224
224

  
237,745
266,628

Creditors: amounts falling due within one year
 6 
(241,515)
(272,082)

Net current liabilities
  
 
 
(3,770)
 
 
(5,454)

Total assets less current liabilities
  
723
537

  

Net assets
  
723
537


Capital and reserves
  

Called up share capital 
 7 
103
103

Profit and loss account
  
620
434

  
723
537


Page 1


 
REGISTERED NUMBER:10778956
STANLEY CAPITAL ADVISERS LTD
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 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: 




R Stanley
Director

Date: 19 November 2024

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

Page 2

 

STANLEY CAPITAL ADVISERS LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Stanley Capital Advisers Ltd is a private company limited by shares incorporated in England and Wales.
Its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH. 
The financial statements are presented in Sterling (£).

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

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

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

Page 3

 

STANLEY CAPITAL ADVISERS LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

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

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 following methods.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
33%
straight line

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 4

 

STANLEY CAPITAL ADVISERS LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.11

Financial instruments

The Company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the Company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. 
 
The Company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Page 5

 

STANLEY CAPITAL ADVISERS LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)




Financial instruments (continued)

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the Company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

 
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.

  
2.13

Share capital

Ordinary shares are classified as equity.

Page 6

 

STANLEY CAPITAL ADVISERS LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

3.


Employees




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


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 June 2022
11,168
10,038
21,206



At 31 May 2023

11,168
10,038
21,206



Depreciation


At 1 June 2022
5,177
10,038
15,215


Charge for the year on owned assets
1,498
-
1,498



At 31 May 2023

6,675
10,038
16,713



Net book value



At 31 May 2023
4,493
-
4,493



At 31 May 2022
5,991
-
5,991


5.


Debtors

2023
2022
£
£


Other debtors
177,479
206,362

Tax recoverable
60,042
60,042

237,521
266,404


Page 7

 

STANLEY CAPITAL ADVISERS LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
8,676
4,686

Corporation tax
108,694
97,886

Other taxation and social security
115,645
77,753

Other creditors
-
83,257

Accruals and deferred income
8,500
8,500

241,515
272,082



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary A shares of £1.00 each
100
100
1 (2022 - 1) Ordinary B share of £1.00
1
1
1 (2022 - 1) Ordinary C share of £1.00
1
1
1 (2022 - 1) Ordinary D share of £1.00
1
1

103

103



8.


Related party transactions

Included in other creditors at the year end is an amount of £Nil (2022: £60,000) due to a connected company.
Included in other debtors at the year end is an amount of £170,279 (2022: £190,282) due from the director. The loan is bearing interest at 2.5%. There are no formal terms and conditions regarding the repayment of the loan.

 
Page 8