Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30false3No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-10-012falsetruefalse 03829418 2023-10-01 2024-09-30 03829418 2024-09-30 03829418 2022-10-01 2023-09-30 03829418 2023-09-30 03829418 c:Director1 2023-10-01 2024-09-30 03829418 d:ComputerEquipment 2023-10-01 2024-09-30 03829418 d:ComputerEquipment 2024-09-30 03829418 d:ComputerEquipment 2023-09-30 03829418 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03829418 d:CurrentFinancialInstruments 2024-09-30 03829418 d:CurrentFinancialInstruments 2023-09-30 03829418 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 03829418 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03829418 d:ShareCapital 2024-09-30 03829418 d:ShareCapital 2023-09-30 03829418 d:RetainedEarningsAccumulatedLosses 2024-09-30 03829418 d:RetainedEarningsAccumulatedLosses 2023-09-30 03829418 c:FRS102 2023-10-01 2024-09-30 03829418 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03829418 c:FullAccounts 2023-10-01 2024-09-30 03829418 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03829418 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company registration number: 03829418







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


TURNOAK INTERIM MANAGEMENT LIMITED






































img669b.png                        

 


TURNOAK INTERIM MANAGEMENT LIMITED
REGISTERED NUMBER:03829418



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
7,310
5,848

Bank and cash balances
  
12,125
8,857

  
19,435
14,705

Creditors: amounts falling due within one year
 6 
(15,280)
(10,584)

Net current assets
  
 
 
4,155
 
 
4,121

Total assets less current liabilities
  
4,155
4,121

  

Net assets
  
4,155
4,121


Capital and reserves
  

Called up share capital 
  
1,002
1,002

Profit and loss account
  
3,153
3,119

  
4,155
4,121


Page 1

 


TURNOAK INTERIM MANAGEMENT LIMITED
REGISTERED NUMBER:03829418


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 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: 




................................................
G L W Barnett
Director

Date: 15 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


TURNOAK INTERIM MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Turnoak Interim Management Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office and principal place of business are disclosed on the company information page.

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 directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

 
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

 


TURNOAK INTERIM MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

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
-
100%
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.

 
2.5

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.

  
2.6

Pension costs

The company operates a defined benefit pension scheme for employees. The assets of the scheme are held separately from those of the company. The contribution to the scheme are charged to the profit and loss account so as to spread the cost of the pensions over the service lives of employees. Variations from the regular costs are spread over the average expected remaining working lives of current members in the scheme.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

Page 4

 


TURNOAK INTERIM MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Plant and machinery etc.

£



Cost or valuation


At 1 October 2023
2,573


Additions
463


Disposals
(667)



At 30 September 2024

2,369



Depreciation


At 1 October 2023
2,573


Charge for the year on owned assets
463


Disposals
(667)



At 30 September 2024

2,369



Net book value



At 30 September 2024
-



At 30 September 2023
-


5.


Debtors

2024
2023
£
£


Trade debtors
7,310
5,848

7,310
5,848


Page 5

 


TURNOAK INTERIM MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
9,975
7,182

Corporation tax
243
390

Other taxation and social security
3,337
1,382

Accruals and deferred income
1,725
1,630

15,280
10,584



7.


Related party transactions

G L W Barnett has given the company's bankers a personal guarantee in respect of the company's borrowing facilities.

 
Page 6