Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-30falsefalse2023-07-01No description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10843097 2023-07-01 2024-06-30 10843097 2022-07-01 2023-06-30 10843097 2024-06-30 10843097 2023-06-30 10843097 c:Director1 2023-07-01 2024-06-30 10843097 c:RegisteredOffice 2023-07-01 2024-06-30 10843097 d:OfficeEquipment 2023-07-01 2024-06-30 10843097 d:OfficeEquipment 2024-06-30 10843097 d:OfficeEquipment 2023-06-30 10843097 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10843097 d:CurrentFinancialInstruments 2024-06-30 10843097 d:CurrentFinancialInstruments 2023-06-30 10843097 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10843097 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10843097 d:ShareCapital 2024-06-30 10843097 d:ShareCapital 2023-06-30 10843097 d:RetainedEarningsAccumulatedLosses 2024-06-30 10843097 d:RetainedEarningsAccumulatedLosses 2023-06-30 10843097 c:FRS102 2023-07-01 2024-06-30 10843097 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10843097 c:FullAccounts 2023-07-01 2024-06-30 10843097 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10843097 2 2023-07-01 2024-06-30 10843097 6 2023-07-01 2024-06-30 10843097 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 10843097










HAGAKURE LTD
UNAUDITED
DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




















 
HAGAKURE LTD
 
 
Company Information


Director
A Coronelli 




Registered number
10843097



Registered office
3rd Floor
12 Gough Square

London

EC4A 3DW





 
HAGAKURE LTD
Registered number: 10843097

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
41,620
41,799

Investments
 5 
1,808,868
1,468,814

  
1,850,488
1,510,613

Current assets
  

Debtors: amounts falling due within one year
 6 
950,614
59,836

Cash at bank and in hand
  
21,481
48,938

  
972,095
108,774

Creditors: amounts falling due within one year
 7 
(1,058,592)
(369,581)

Net current liabilities
  
 
 
(86,497)
 
 
(260,807)

Total assets less current liabilities
  
1,763,991
1,249,806

  

Net assets
  
1,763,991
1,249,806


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,763,891
1,249,706

  
1,763,991
1,249,806


Page 1

 
HAGAKURE LTD
Registered number: 10843097
    
Balance sheet (continued)
As at 30 June 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 15 January 2025.




A Coronelli
Director

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

Page 2

 
HAGAKURE LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

1.


General information

Hagakure Ltd is a private company limited by share capital, incorporated and registered in England and Wales. The company's registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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 year 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 year can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

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 3

 
HAGAKURE LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)


2.3
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:

Office equipment
-
4 years 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.

 
2.4

Valuation of investments

Investments in artwork and collectibles, where market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the year. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Debtors

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

 
2.6

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. 

 
2.7

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

 
HAGAKURE LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

 
2.9

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 year 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.

 
2.10

Interest income

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

 
2.11

Finance costs

Finance costs are charged to the Profit and loss account 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.

Page 5

 
HAGAKURE LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.12

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.



3.


Employees

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


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2023
82,753


Additions
19,331



At 30 June 2024

102,084



Depreciation


At 1 July 2023
40,954


Charge for the year on owned assets
19,510



At 30 June 2024

60,464



Net book value



At 30 June 2024
41,620



At 30 June 2023
41,799

Page 6

 
HAGAKURE LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

5.


Fixed asset investments





Investments in subsidiary companies
Artwork and collectibles
Total

£
£
£



Cost or valuation


At 1 July 2023
-
1,468,814
1,468,814


Additions
200
339,855
340,055



At 30 June 2024
200
1,808,669
1,808,869





6.


Debtors

2024
2023
£
£


Amounts owed by related parties
13,031
-

Other debtors
14,820
44,632

Prepayments and accrued income
922,763
15,204

950,614
59,836



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
105,358
20,548

Corporation tax
166,133
-

Other creditors
765,854
298,842

Accruals and deferred income
21,247
50,191

1,058,592
369,581


 
Page 7