Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseNo description of principal activityfalse11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC729176 2023-05-01 2024-04-30 SC729176 2022-04-11 2023-04-30 SC729176 2024-04-30 SC729176 2023-04-30 SC729176 c:Director1 2023-05-01 2024-04-30 SC729176 c:RegisteredOffice 2023-05-01 2024-04-30 SC729176 d:PlantMachinery 2023-05-01 2024-04-30 SC729176 d:PlantMachinery 2024-04-30 SC729176 d:PlantMachinery 2023-04-30 SC729176 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC729176 d:MotorVehicles 2023-05-01 2024-04-30 SC729176 d:MotorVehicles 2024-04-30 SC729176 d:MotorVehicles 2023-04-30 SC729176 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC729176 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC729176 d:Goodwill 2023-05-01 2024-04-30 SC729176 d:Goodwill 2024-04-30 SC729176 d:Goodwill 2023-04-30 SC729176 d:CurrentFinancialInstruments 2024-04-30 SC729176 d:CurrentFinancialInstruments 2023-04-30 SC729176 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC729176 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC729176 d:ShareCapital 2024-04-30 SC729176 d:ShareCapital 2023-04-30 SC729176 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC729176 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC729176 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC729176 c:OrdinaryShareClass1 2024-04-30 SC729176 c:OrdinaryShareClass1 2023-04-30 SC729176 c:FRS102 2023-05-01 2024-04-30 SC729176 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC729176 c:FullAccounts 2023-05-01 2024-04-30 SC729176 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC729176 2 2023-05-01 2024-04-30 SC729176 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 SC729176 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC729176










JAKOBITE ADVENTURES LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
JAKOBITE ADVENTURES LTD
 

COMPANY INFORMATION


DIRECTOR
James Kennedy  




REGISTERED NUMBER
SC729176



REGISTERED OFFICE
Auchendinny Mains Farmhouse
Penicuik

EH26 8PG






ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
JAKOBITE ADVENTURES LTD
REGISTERED NUMBER: SC729176

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

FIXED ASSETS
  

Intangible assets
 4 
3,780
5,670

Tangible assets
 5 
31,042
6,376

  
34,822
12,046

CURRENT ASSETS
  

Cash at bank and in hand
  
7,110
38,892

  
7,110
38,892

Creditors: amounts falling due within one year
 6 
(35,466)
(40,998)

NET CURRENT LIABILITIES
  
 
 
(28,356)
 
 
(2,106)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
6,466
9,940

  

NET ASSETS
  
6,466
9,940


CAPITAL AND RESERVES
  

Called up share capital 
  
1
1

Profit and loss account
  
6,465
9,939

  
6,466
9,940


Page 1

 
JAKOBITE ADVENTURES LTD
REGISTERED NUMBER: SC729176

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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 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 22 January 2025.




James Kennedy
Director

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

Page 2

 
JAKOBITE ADVENTURES LTD
 

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

1.


GENERAL INFORMATION

Jakobite Adventure Limited is a private company, limited by shares, incorporated in Scotland with the registration number SC729176. The registered office is Auchendinny Mains Farmhouse, Penicuik, EH26 8PG.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

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

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover 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 turnover 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.

 
2.3

INTEREST INCOME

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

Page 3

 
JAKOBITE ADVENTURES LTD
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.5

INTANGIBLE ASSETS

GOODWILL

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

OTHER INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

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 4

 
JAKOBITE ADVENTURES LTD
 

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

2.ACCOUNTING POLICIES (CONTINUED)


2.6
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:

Plant and machinery
-
33.3% Straight line
Motor vehicles
-
25% Reducing balance

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.

 
2.7

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.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES




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

Page 5

 
JAKOBITE ADVENTURES LTD
 

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

4.


INTANGIBLE ASSETS




Goodwill

£



COST


At 1 May 2023
7,560



At 30 April 2024

7,560



AMORTISATION


At 1 May 2023
1,890


Charge for the year on owned assets
1,890



At 30 April 2024

3,780



NET BOOK VALUE



At 30 April 2024
3,780



At 30 April 2023
5,670




5.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Total

£
£
£



COST OR VALUATION


At 1 May 2023
9,564
-
9,564


Additions
-
37,201
37,201



At 30 April 2024

9,564
37,201
46,765



DEPRECIATION


At 1 May 2023
3,188
-
3,188


Charge for the year on owned assets
3,235
9,300
12,535



At 30 April 2024

6,423
9,300
15,723



NET BOOK VALUE



At 30 April 2024
3,141
27,901
31,042



At 30 April 2023
6,376
-
6,376

Page 6

 
JAKOBITE ADVENTURES LTD
 

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

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
2,000
6,351

Other taxation and social security
4,387
5,568

Other creditors
28,079
28,079

Accruals and deferred income
1,000
1,000

35,466
40,998



7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2023 - 1) Ordinary share of £1.00
1
1



Page 7