Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30No description of principal activity2023-10-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03922345 2023-10-01 2024-09-30 03922345 2022-10-01 2023-09-30 03922345 2024-09-30 03922345 2023-09-30 03922345 c:Director1 2023-10-01 2024-09-30 03922345 d:CurrentFinancialInstruments 2024-09-30 03922345 d:CurrentFinancialInstruments 2023-09-30 03922345 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 03922345 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03922345 d:ShareCapital 2024-09-30 03922345 d:ShareCapital 2023-09-30 03922345 d:RevaluationReserve 2024-09-30 03922345 d:RevaluationReserve 2023-09-30 03922345 d:RetainedEarningsAccumulatedLosses 2024-09-30 03922345 d:RetainedEarningsAccumulatedLosses 2023-09-30 03922345 c:OrdinaryShareClass2 2023-10-01 2024-09-30 03922345 c:OrdinaryShareClass2 2024-09-30 03922345 c:OrdinaryShareClass3 2023-10-01 2024-09-30 03922345 c:OrdinaryShareClass3 2024-09-30 03922345 c:FRS102 2023-10-01 2024-09-30 03922345 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03922345 c:FullAccounts 2023-10-01 2024-09-30 03922345 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03922345 2 2023-10-01 2024-09-30 03922345 6 2023-10-01 2024-09-30 03922345 e:PoundSterling 2023-10-01 2024-09-30 03922345 d:EntityControlledByKeyManagementPersonnel1 2023-10-01 2024-09-30 03922345 d:EntityControlledByKeyManagementPersonnel1 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03922345









FRENGER CORPORATE FINANCE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
FRENGER CORPORATE FINANCE LIMITED
REGISTERED NUMBER: 03922345

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024


2024

2023
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
671
3,228

Current asset investments
 5 
3,243,425
2,287,186

Cash at bank and in hand
 6 
1,707
3,635

  
3,245,803
2,294,049

Creditors: amounts falling due within one year
 7 
(3,202,600)
(2,502,000)

Net current assets/(liabilities)
  
 
 
43,203
 
 
(207,951)

  

Net assets/(liabilities)
  
43,203
(207,951)


Capital and reserves
  

Called up share capital 
 8 
100
100

Fair value reserve
  
(12,605)
(207,263)

Profit and loss account
  
55,708
(788)

  
43,203
(207,951)


Page 1

 
FRENGER CORPORATE FINANCE LIMITED
REGISTERED NUMBER: 03922345
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 her 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 19 January 2025.




B Mermet
Director


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FRENGER CORPORATE FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Frenger Corporate Finance Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Wilberforce House, Station Road, London, NW4 4QE.
The company is an investment 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

The financial statements are prepared on a going concern basis. The director has indicated her willingness to continue providing financial support to the company to ensure that the company has sufficient current resources to meet its liabilities as they fall due for a period of at least one year from the date of approval of the financial statements. 
As such, the director believes that there are no significant uncertainties in her assessment of whether the business is a going concern and therefore has prepared the accounts on a going concern basis.

 
2.3

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.

 
2.4

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.

 
2.5

Interest income

Interest income is recognised in the Statement of comprehenisve income using the effective interest method.

Page 3

 
FRENGER CORPORATE FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

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 reporting date in the countries where the Company operates and generates income.


 
2.7

Valuation of investments

Investments in listed company shares are remeasured to market value at each Statement of financial position date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the year.

 
2.8

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.


3.


Employees

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


4.


Debtors

2024
2023
£
£


Other debtors
-
624

Prepayments and accrued income
671
2,604

671
3,228



5.


Current asset investments

2024
2023
£
£

Listed investments
3,243,425
2,287,186

3,243,425
2,287,186


Page 4

 
FRENGER CORPORATE FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,707
3,635

1,707
3,635



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
3,200,000
2,500,000

Accruals and deferred income
2,600
2,000

3,202,600
2,502,000



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



51 Ordinary A shares of £1 each
51
51
49 Ordinary B shares of £1 each
49
49

100

100

The Ordinary A shares and Ordinary B shares are separate classes of shares for the purpose of declaration of dividends. The declaration of a dividend in respect of one class of share shall not compel a dividend at the same rate to be declared in respect of any other class of share. The Ordinary A and Ordinary B shares rank pari passu in all other respects.



9.


Related party transactions

Included within other creditors is an amount of £3,200,000 (2023 - £2,500,000) due to a company under common control.   


10.


Controlling party

The ultimate controlling party is the director by virtue of her majority shareholding in the company.

Page 5