Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31true2No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-02-01falsefalse2 09936811 2023-02-01 2024-01-31 09936811 2022-02-01 2023-01-31 09936811 2024-01-31 09936811 2023-01-31 09936811 c:Director1 2023-02-01 2024-01-31 09936811 d:CurrentFinancialInstruments 2024-01-31 09936811 d:CurrentFinancialInstruments 2023-01-31 09936811 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09936811 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09936811 d:ShareCapital 2024-01-31 09936811 d:ShareCapital 2023-01-31 09936811 d:RetainedEarningsAccumulatedLosses 2024-01-31 09936811 d:RetainedEarningsAccumulatedLosses 2023-01-31 09936811 c:FRS102 2023-02-01 2024-01-31 09936811 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09936811 c:FullAccounts 2023-02-01 2024-01-31 09936811 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09936811 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 09936811










COMPANION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
COMPANION LIMITED
REGISTERED NUMBER: 09936811

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

  

Creditors: amounts falling due within one year
 4 
(118,538)
(57,218)

Net current liabilities
  
 
 
(118,538)
 
 
(57,218)

Total assets less current liabilities
  
(118,538)
(57,218)

  

Net liabilities
  
(118,538)
(57,218)


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
(118,542)
(57,222)

  
(118,538)
(57,218)


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 on 29 January 2025.




Andrew Joseph Cooper
Director

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

Page 1

 
COMPANION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Companion Limited is a private company limited by shares registered in England and Wales. The company's registered office address is 24 Hardman Street, Liverpool, England, L1 9AX. 

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 of the company have assessed that the company is able to continue operating as a going concern.
The directors have sought and received assurances from the parent company, Draw & Code Ltd., that they will continue to provide support to the company to meet its liabilities as they fall due for at least the following 12 months following the approval of the financial statements.

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.4

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.

 
2.5

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 2

 
COMPANION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than its legal form.
Financial liabilities are initially measured at transaction price (after deducting transaction costs) and subsequently held at amortised cost using the effective interest method.



3.


Employees




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


4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
116,569
53,712

Other creditors
406
406

Accruals and deferred income
1,563
3,100

118,538
57,218


Included in other creditors is an amount of £406 (2023 - £406) owed to the company by the directors. The loan is interest-free and repayable on demand.
Amounts owed to group undertakings are interest-free and repayable on demand.


5.


Controlling party

The company has taken advantage of the exemption available under FRS 102 whereby it has not disclosed transactions with the parent company or any wholly owned subsidiary undertaking of the group.
The company's immediate parent undertaking is Draw & Code Ltd.. Draw & Code Ltd. is also the company's ultimate parent undertaking and controlling party. Its registered office is 24 Hardman Street, Liverpool, England, L1 9AX.

 
Page 3