Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truetrue2023-04-01falseNo description of principal activity22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07235960 2023-04-01 2024-03-31 07235960 2022-04-01 2023-03-31 07235960 2024-03-31 07235960 2023-03-31 07235960 c:Director1 2023-04-01 2024-03-31 07235960 d:OfficeEquipment 2023-04-01 2024-03-31 07235960 d:OfficeEquipment 2024-03-31 07235960 d:OfficeEquipment 2023-03-31 07235960 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07235960 d:ComputerEquipment 2023-04-01 2024-03-31 07235960 d:ComputerEquipment 2024-03-31 07235960 d:ComputerEquipment 2023-03-31 07235960 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07235960 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07235960 d:Goodwill 2024-03-31 07235960 d:Goodwill 2023-03-31 07235960 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 07235960 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-03-31 07235960 d:CurrentFinancialInstruments 2024-03-31 07235960 d:CurrentFinancialInstruments 2023-03-31 07235960 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07235960 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07235960 d:ShareCapital 2024-03-31 07235960 d:ShareCapital 2023-03-31 07235960 d:RetainedEarningsAccumulatedLosses 2024-03-31 07235960 d:RetainedEarningsAccumulatedLosses 2023-03-31 07235960 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07235960 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07235960 c:FRS102 2023-04-01 2024-03-31 07235960 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07235960 c:FullAccounts 2023-04-01 2024-03-31 07235960 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07235960 2 2023-04-01 2024-03-31 07235960 6 2023-04-01 2024-03-31 07235960 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 07235960









APOLLO'S CHILDREN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
APOLLO'S CHILDREN LIMITED
REGISTERED NUMBER: 07235960

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
33,781
25,425

Investments
 6 
263,280
263,280

  
297,061
288,705

Current assets
  

Debtors
 7 
4,946,273
3,409,230

Cash at bank and in hand
 8 
168,460
1,640,048

  
5,114,733
5,049,278

Creditors: amounts falling due within one year
 9 
(465,650)
(624,765)

Net current assets
  
 
 
4,649,083
 
 
4,424,513

Total assets less current liabilities
  
4,946,144
4,713,218

Provisions for liabilities
  

Deferred tax
 10 
(1,853)
(1,853)

  
 
 
(1,853)
 
 
(1,853)

Net assets
  
4,944,291
4,711,365


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
4,944,091
4,711,165

  
4,944,291
4,711,365


Page 1

 
APOLLO'S CHILDREN LIMITED
REGISTERED NUMBER: 07235960
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 on 30 October 2024.




Mr B Cox
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
APOLLO'S CHILDREN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Apollo's Children Limited is a private company limited by share capital, incorporated in England and
Wales, registration number 07235960. The address of the registered office is 50 Liverpool Street, London, EC2M 7PY. 

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

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

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

 
APOLLO'S CHILDREN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

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

 
2.6

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 balance sheet 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 balance sheet 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 balance sheet date.

 
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.

Page 4

 
APOLLO'S CHILDREN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
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 both the straight-line and reducing balance methods..

Depreciation is provided on the following basis:

Office equipment
-
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.

 
2.9

Valuation of investments

Investments in incorporated partnerships and other investment assets are measured at cost less accumulated impairment.

 
2.10

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.

 
2.11

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.

 
2.12

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.
 
2.13

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.

Page 5

 
APOLLO'S CHILDREN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.14

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.
Financial assets that are 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.

 
2.15

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Intangible assets




Image rights
Goodwill
Total

£
£
£



Cost


At 1 April 2023
175,000
100,390
275,390



At 31 March 2024

175,000
100,390
275,390



Amortisation


At 1 April 2023
175,000
100,390
275,390



At 31 March 2024

175,000
100,390
275,390



Net book value



At 31 March 2024
-
-
-



At 31 March 2023
-
-
-



Page 6

 
APOLLO'S CHILDREN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
70,776
29,320
100,096


Additions
13,144
10,546
23,690



At 31 March 2024

83,920
39,866
123,786



Depreciation


At 1 April 2023
50,040
24,631
74,671


Charge for the year on owned assets
8,470
6,864
15,334



At 31 March 2024

58,510
31,495
90,005



Net book value



At 31 March 2024
25,410
8,371
33,781



At 31 March 2023
20,736
4,690
25,426

Page 7

 
APOLLO'S CHILDREN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Fixed asset investments





Investments in LLP
Paintings
Total

£
£
£



Cost or valuation


At 1 April 2023
250,000
13,280
263,280



At 31 March 2024
250,000
13,280
263,280





7.


Debtors

2024
2023
£
£



Trade debtors
29,043
26,097

Other debtors
4,024,597
2,927,375

Prepayments and accrued income
892,633
455,758

4,946,273
3,409,230


Page 8

 
APOLLO'S CHILDREN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
168,460
1,640,048

168,460
1,640,048



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
7,425
2,865

Corporation tax
293,298
479,593

Other taxation and social security
12,928
23,905

Other creditors
11,180
-

Accruals and deferred income
140,819
118,402

465,650
624,765



10.


Deferred taxation




2024


£






At beginning of year
(1,853)



At end of year
(1,853)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,853)
(1,853)

(1,853)
(1,853)

Page 9

 
APOLLO'S CHILDREN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Related party transactions

Included in other debtors at the balance sheet date is an amount of £693,939 (2023: £951,461) due from the Directors. The amount is in respect of cash withdrawn in excess of expenses borne on behalf of the company. This amount is unsecured, interest free and repayable on demand.
Also included in other debtors at the balance sheet date is an amount of £3,051,643 (2023: £1,771,260) due from an entity owned and controlled by a Director. The amount comprises a loan plus interest of £65,540 (2023: £60,647) credited to the profit and loss account during the year. The loan is unsecured & bears interest at a rate of 3.5% per annum and is repayable on demand.
Also included in other debtors at the balance sheet date is an amount of £80,863 (2023: £4,771) due from entities owned and controlled by a Director. The amount is in respect of advances to this company net of expenses borne on behalf of those entities. The amount is unsecured, interest free and repayable on demand.

 
Page 10