Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29false2023-03-01No description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10607052 2023-03-01 2024-02-29 10607052 2022-03-01 2023-02-28 10607052 2024-02-29 10607052 2023-02-28 10607052 2022-03-01 10607052 c:Director1 2023-03-01 2024-02-29 10607052 d:ComputerEquipment 2023-03-01 2024-02-29 10607052 d:ComputerEquipment 2024-02-29 10607052 d:ComputerEquipment 2023-02-28 10607052 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10607052 d:CurrentFinancialInstruments 2024-02-29 10607052 d:CurrentFinancialInstruments 2023-02-28 10607052 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 10607052 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10607052 d:ShareCapital 2024-02-29 10607052 d:ShareCapital 2023-02-28 10607052 d:ShareCapital 2022-03-01 10607052 d:SharePremium 2024-02-29 10607052 d:SharePremium 2023-02-28 10607052 d:SharePremium 2022-03-01 10607052 d:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 10607052 d:RetainedEarningsAccumulatedLosses 2024-02-29 10607052 d:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 10607052 d:RetainedEarningsAccumulatedLosses 2023-02-28 10607052 d:RetainedEarningsAccumulatedLosses 2022-03-01 10607052 c:OrdinaryShareClass1 2023-03-01 2024-02-29 10607052 c:OrdinaryShareClass1 2024-02-29 10607052 c:OrdinaryShareClass1 2023-02-28 10607052 c:OrdinaryShareClass2 2023-03-01 2024-02-29 10607052 c:OrdinaryShareClass2 2024-02-29 10607052 c:OrdinaryShareClass2 2023-02-28 10607052 c:FRS102 2023-03-01 2024-02-29 10607052 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10607052 c:FullAccounts 2023-03-01 2024-02-29 10607052 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10607052 2 2023-03-01 2024-02-29 10607052 6 2023-03-01 2024-02-29 10607052 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10607052










EXEBURY CAPITAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
EXEBURY CAPITAL LIMITED
REGISTERED NUMBER:10607052

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
2,150
-

Investments
 5 
1,502,465
1,391,017

  
1,504,615
1,391,017

Current assets
  

Debtors: amounts falling due within one year
 6 
563,904
390,673

Cash at bank and in hand
 7 
43,061
276,329

  
606,965
667,002

Creditors: amounts falling due within one year
 8 
(1,646,906)
(1,436,410)

Net current liabilities
  
 
 
(1,039,941)
 
 
(769,408)

Total assets less current liabilities
  
464,674
621,609

  

Net assets
  
464,674
621,609


Capital and reserves
  

Called up share capital 
 10 
14
14

Share premium account
  
949,991
949,991

Profit and loss account
  
(485,331)
(328,396)

  
464,674
621,609


Page 1

 
EXEBURY CAPITAL LIMITED
REGISTERED NUMBER:10607052
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 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 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 1 October 2024.




Philip John Deeks
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
EXEBURY CAPITAL LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 29 FEBRUARY 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 March 2022
14
949,991
(225,076)
724,929


Comprehensive income for the year

Loss for the year
-
-
(103,320)
(103,320)



At 1 March 2023
14
949,991
(328,396)
621,609


Comprehensive income for the year

Loss for the year
-
-
(156,935)
(156,935)


At 29 February 2024
14
949,991
(485,331)
464,674


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
EXEBURY CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Exebury Capital Limited, registered number 10607052, is a company limited by shares incorporated in England & Wales. The registered office is The Townhouse, 114-116 Fore Street, Hertford, SG14 1AJ.
The principal activity of the company is that of venture and development capital.

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

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.

 
2.3

Interest income

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

 
2.4

Borrowing costs

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

Page 4

 
EXEBURY CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

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:

Computer equipment
-
33%
on a straight-line basis

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.

Page 5

 
EXEBURY CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
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.

 
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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
For financial assets measured at cost less impairment, the impairment loss is measured as the
Page 6

 
EXEBURY CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.


3.


Employees

2024
2023
£
£

Wages and salaries
230,822
190,082


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


4.


Tangible fixed assets







Computer equipment

£



Cost or valuation


Additions
2,346



At 29 February 2024

2,346



Depreciation


Charge for the year
196



At 29 February 2024

196



Net book value



At 29 February 2024
2,150



At 28 February 2023
-

Page 7

 
EXEBURY CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Fixed asset investments








Unlisted investments

£



Cost or valuation


At 1 March 2023
1,391,017


Additions
495,949


Disposals
(287,867)


Foreign exchange movement
(96,634)



At 29 February 2024
1,502,465




Where market value cannot be reliably determined, investments are stated at historic cost less impairment


6.


Debtors

2024
2023
£
£


Other debtors
4,800
4,800

Accrued income
461,121
362,771

Deferred taxation
97,983
23,102

563,904
390,673



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
43,061
276,329


Page 8

 
EXEBURY CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
566,200
566,200

Other taxation and social security
7,895
7,895

Accruals and deferred income
1,072,811
862,315

1,646,906
1,436,410



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
566,200
566,200




566,200
566,200



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



450 (2023 - 450) Class A Shares shares of £0.01 each
4.50
4.50
950 (2023 - 950) Class B Shares shares of £0.01 each
9.50
9.50

14.00

14.00


Page 9