Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31No description of principal activityfalse2023-09-0122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09183139 2023-09-01 2024-08-31 09183139 2022-09-01 2023-08-31 09183139 2024-08-31 09183139 2023-08-31 09183139 c:Director2 2023-09-01 2024-08-31 09183139 d:ComputerEquipment 2023-09-01 2024-08-31 09183139 d:ComputerEquipment 2024-08-31 09183139 d:ComputerEquipment 2023-08-31 09183139 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09183139 d:CurrentFinancialInstruments 2024-08-31 09183139 d:CurrentFinancialInstruments 2023-08-31 09183139 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 09183139 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 09183139 d:ShareCapital 2024-08-31 09183139 d:ShareCapital 2023-08-31 09183139 d:RetainedEarningsAccumulatedLosses 2024-08-31 09183139 d:RetainedEarningsAccumulatedLosses 2023-08-31 09183139 c:FRS102 2023-09-01 2024-08-31 09183139 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09183139 c:FullAccounts 2023-09-01 2024-08-31 09183139 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09183139 2 2023-09-01 2024-08-31 09183139 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 09183139









FEATHER PARTNERSHIP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
FEATHER PARTNERSHIP LIMITED
REGISTERED NUMBER: 09183139

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
79
848

Current assets
  

Debtors: amounts falling due within one year
 6 
9,449
2,188

Cash at bank and in hand
  
50,074
89,879

  
59,523
92,067

Creditors: amounts falling due within one year
 7 
(48,616)
(60,298)

Net current assets
  
 
 
10,907
 
 
31,769

Total assets less current liabilities
  
10,986
32,617

Provisions for liabilities
  

Deferred tax
  
(15)
(161)

Net assets
  
10,971
32,456


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
10,771
32,256

  
10,971
32,456

Page 1

 
FEATHER PARTNERSHIP LIMITED
REGISTERED NUMBER: 09183139
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 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 21 November 2024.



M Cawar
Director

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

 
FEATHER PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The company is a private limited company, which is incorporated in England (registration number 09183139).  The address of the registered office is Cromwell House, 68 West Gate, Mansfield, Nottinghamshire, NG18 1RR.

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

The financial statements have been prepared on the going concern basis. The directors believe that the company has sufficient resources to be able to continue to trade until at least May 2026.
At the time of signing there is a degree of uncertainty around the full ecomonic impact the cost of living and wider geo-political issues. The directors continue to monitor the situation closely, and believe that the company can contine with a reasonable level of activity subject to continues support and therefore the financial statements have been prepared on the going concern basis.

 
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.

 
2.4

Interest income

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

Page 3

 
FEATHER PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
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

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

 
FEATHER PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.7
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:

Computer equipment
-
33%
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.

 
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.

 
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.


3.


Employees

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

Page 5

 
FEATHER PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Dividends

2024
2023
£
£


Ordinary Shares
27,050
25,000


Ordinary 'A' Shares
22,950
25,000

50,000
50,000


5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 September 2023
4,032



At 31 August 2024

4,032



Depreciation


At 1 September 2023
3,185


Charge for the year on owned assets
768



At 31 August 2024

3,953



Net book value



At 31 August 2024
79



At 31 August 2023
848

Page 6

 
FEATHER PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Debtors

2024
2023
£
£


Trade debtors
9,125
1,272

Other debtors
-
916

Prepayments and accrued income
324
-

9,449
2,188



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
12,604
2,175

Other creditors
27,300
56,678

Accruals and deferred income
8,712
1,445

48,616
60,298



8.


Pension commitments

The company operates a defined contributions pension scheme.  The assets of the scheme are held separately from those of the company in an independently administered fund.  The pension cost charge represents contributions payable by the company to the fund and amounted to £26,000 (2023: £26,000).  No amounts were outstanding at either 31 August 2023 or 31 August 2024.

Page 7