Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29false2023-03-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06100921 2023-03-01 2024-02-29 06100921 2022-03-01 2023-02-28 06100921 2024-02-29 06100921 2023-02-28 06100921 c:Director1 2023-03-01 2024-02-29 06100921 d:ComputerEquipment 2023-03-01 2024-02-29 06100921 d:ComputerEquipment 2024-02-29 06100921 d:ComputerEquipment 2023-02-28 06100921 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 06100921 d:ComputerSoftware 2024-02-29 06100921 d:ComputerSoftware 2023-02-28 06100921 d:CurrentFinancialInstruments 2024-02-29 06100921 d:CurrentFinancialInstruments 2023-02-28 06100921 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 06100921 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 06100921 d:ShareCapital 2024-02-29 06100921 d:ShareCapital 2023-02-28 06100921 d:RetainedEarningsAccumulatedLosses 2024-02-29 06100921 d:RetainedEarningsAccumulatedLosses 2023-02-28 06100921 c:FRS102 2023-03-01 2024-02-29 06100921 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 06100921 c:FullAccounts 2023-03-01 2024-02-29 06100921 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06100921 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 06100921 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 06100921 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 06100921









IHOST LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
IHOST LIMITED
REGISTERED NUMBER: 06100921

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
29 February
28 February
28 February
2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
321
321

Tangible assets
 5 
31,333
21,223

  
31,654
21,544

Current assets
  

Debtors: amounts falling due within one year
 6 
60,601
41,779

Bank current accounts
  
81,529
130,747

  
142,130
172,526

Creditors: amounts falling due within one year
 7 
(10,346)
(13,154)

Net current assets
  
 
 
131,784
 
 
159,372

Total assets less current liabilities
  
163,438
180,916

Provisions for liabilities
  

Deferred tax
 8 
(7,833)
(5,306)

  
 
 
(7,833)
 
 
(5,306)

Net assets
  
155,605
175,610


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
155,505
175,510

  
155,605
175,610


Page 1

 
IHOST LIMITED
REGISTERED NUMBER: 06100921
    
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 income and retained earnings 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: 




Keyvan Sadeghi
Director

Date: 27 November 2024

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

Page 2

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

1.


General information

IHost Limited is a private company limited by shares incorporated in the United Kingdom and registered in England and Wales. The address of its registered office and principal place of business is 6 Mansion Gardens, London, NW3 7NG.

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 company's functional and presentational currency is GBP.

The following principal accounting policies have been applied:

 
2.2

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss.

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 is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.3

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.

 
2.4

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.

Cryptocurrencies are considered to have indefinite useful lives and their value is not expected to drop below cost in the foreseeable future such that no amortisation is charged on these assets.

Page 3

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

2.Accounting policies (continued)

 
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.

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 and communication equipment
-
25%
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.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

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.

 
2.8

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 to/from third parties and loans from related parties.

 
2.9

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

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

4.


Intangible assets






Bitcoins

£



Cost


At 1 March 2023
321



At 29 February 2024

321






Net book value



At 29 February 2024
321



At 28 February 2023
321




5.


Tangible fixed assets







Furniture, fittings and equipment

£



Cost


At 1 March 2023
96,418


Additions
22,912



At 29 February 2024

119,330



Depreciation


At 1 March 2023
75,195


Charge for the year on owned assets
12,802



At 29 February 2024

87,997



Net book value



At 29 February 2024
31,333



At 28 February 2023
21,223

Page 5

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

6.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
20,000
-

Prepayments and accrued income
40,601
41,779

60,601
41,779



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
-
2,868

Other creditors
7,486
7,886

Accruals
2,860
2,400

10,346
13,154



8.


Deferred taxation






2024


£






At beginning of year
5,306


Charged to profit or loss
2,527



At end of year
7,833

The provision for deferred taxation is made up as follows:

29 February
28 February
2024
2023
£
£


Accelerated capital allowances
7,833
5,306

7,833
5,306

Page 6

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

9.


Related party transactions

The director has provided the company with an interest free loan which is unsecured and repayable on demand. At the reporting date the balance owed to the director was £5,441 (2023: £5,841).

 
Page 7