Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22truetrue2023-05-01falseNo description of principal activityfalse 10148720 2023-05-01 2024-04-30 10148720 2022-05-01 2023-04-30 10148720 2024-04-30 10148720 2023-04-30 10148720 c:Director1 2023-05-01 2024-04-30 10148720 d:OfficeEquipment 2023-05-01 2024-04-30 10148720 d:OfficeEquipment 2024-04-30 10148720 d:OfficeEquipment 2023-04-30 10148720 d:CurrentFinancialInstruments 2024-04-30 10148720 d:CurrentFinancialInstruments 2023-04-30 10148720 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10148720 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10148720 d:ShareCapital 2024-04-30 10148720 d:ShareCapital 2023-04-30 10148720 d:RetainedEarningsAccumulatedLosses 2024-04-30 10148720 d:RetainedEarningsAccumulatedLosses 2023-04-30 10148720 c:OrdinaryShareClass1 2023-05-01 2024-04-30 10148720 c:OrdinaryShareClass1 2024-04-30 10148720 c:OrdinaryShareClass1 2023-04-30 10148720 c:FRS102 2023-05-01 2024-04-30 10148720 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10148720 c:FullAccounts 2023-05-01 2024-04-30 10148720 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10148720 6 2023-05-01 2024-04-30 10148720 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10148720














CRAZYSAIL 1951 LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 APRIL 2024

 
CRAZYSAIL 1951 LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
CRAZYSAIL 1951 LIMITED
REGISTERED NUMBER:10148720

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
25
25

Current assets
  

Debtors: amounts falling due within one year
 6 
534,075
534,075

Cash at bank and in hand
  
143,829
150,315

  
677,904
684,390

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(816,717)
(801,117)

Net current liabilities
  
 
 
(138,813)
 
 
(116,727)

  

Net liabilities
  
(138,788)
(116,702)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(138,888)
(116,802)

  
(138,788)
(116,702)


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 17 January 2025.




F Di Veroli
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
CRAZYSAIL 1951 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Crazysail 1951 Limited is a Company registered in England and Wales. The registered office address is at 20 Coxon Street, Spondon, Derby, DE21 7JG.
The principal activity of the Company continued to be that of a holding company.

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

As at the balance sheet date, the Company has net current liabilities and net liabilities. The Directors have obtained assurance from the Shareholders that funds will be made available to the Company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under going concern on this basis. 

 
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.

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
-
20%
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 unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 2

 
CRAZYSAIL 1951 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowings, such bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.


3.


Employees

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


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 May 2023
1,389



At 30 April 2024

1,389



Depreciation


At 1 May 2023
1,389



At 30 April 2024

1,389



Net book value



At 30 April 2024
-



At 30 April 2023
-

Page 3

 
CRAZYSAIL 1951 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 May 2023
25



At 30 April 2024
25





6.


Debtors

2024
2023
£
£


Other debtors
534,075
534,075



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
811,517
796,317

Accruals and deferred income
5,200
4,800

816,717
801,117



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 4