Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-07-01falsesoftware development33truefalse 06859083 2023-07-01 2024-06-30 06859083 2022-07-01 2023-06-30 06859083 2024-06-30 06859083 2023-06-30 06859083 c:Director3 2023-07-01 2024-06-30 06859083 d:OfficeEquipment 2023-07-01 2024-06-30 06859083 d:OfficeEquipment 2024-06-30 06859083 d:OfficeEquipment 2023-06-30 06859083 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 06859083 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 06859083 d:CurrentFinancialInstruments 2024-06-30 06859083 d:CurrentFinancialInstruments 2023-06-30 06859083 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 06859083 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06859083 d:ShareCapital 2024-06-30 06859083 d:ShareCapital 2023-06-30 06859083 d:SharePremium 2024-06-30 06859083 d:SharePremium 2023-06-30 06859083 d:RetainedEarningsAccumulatedLosses 2024-06-30 06859083 d:RetainedEarningsAccumulatedLosses 2023-06-30 06859083 c:FRS102 2023-07-01 2024-06-30 06859083 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06859083 c:FullAccounts 2023-07-01 2024-06-30 06859083 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06859083 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-07-01 2024-06-30 06859083 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-07-01 2024-06-30 06859083 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 06859083












SHERE INVESTMENT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED
 30 JUNE 2024





















 


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01483 755 399
hamlyns.com

 
SHERE INVESTMENT LIMITED
REGISTERED NUMBER: 06859083

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
177,770
239,495

  
177,770
239,495

Current assets
  

Debtors: amounts falling due within one year
 6 
-
9,742

Bank and cash balances
  
194
274

  
194
10,016

Creditors: amounts falling due within one year
 7 
(37,942)
(33,102)

Net current liabilities
  
 
 
(37,748)
 
 
(23,086)

Total assets less current liabilities
  
140,022
216,409

  

Net assets
  
140,022
216,409


Capital and reserves
  

Called up share capital 
  
5
5

Share premium account
  
100,000
100,000

Profit and loss account
  
40,017
116,404

  
140,022
216,409


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 profit and loss account 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 9 January 2025.




H von Spreckelsen
Director
Page 1

 
SHERE INVESTMENT LIMITED
REGISTERED NUMBER: 06859083

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024


The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
SHERE INVESTMENT LIMITED
 

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

1.


General information

Shere Investments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are shown below: 
Registered number: 06859083
Registered office address: Sundial House, High Street, Horsell, Woking, Surrey, GU21 4SU

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

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.

 
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.

Page 3

 
SHERE INVESTMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 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 balance sheet date in the countries where the Company operates and generates income.


 
2.5

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.

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%

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

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.

 
2.8

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.

Page 4

 
SHERE INVESTMENT LIMITED
 

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

2.Accounting policies (continued)

 
2.9

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.


3.


Employees




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


4.


Intangible assets




Development expenditure

£



Cost


At 1 July 2023
647,116


Additions
3,317



At 30 June 2024

650,433



Amortisation


At 1 July 2023
407,620


Charge for the year on owned assets
65,043



At 30 June 2024

472,663



Net book value



At 30 June 2024
177,770



At 30 June 2023
239,495



Page 5

 
SHERE INVESTMENT LIMITED
 

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

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2023
1,100



At 30 June 2024

1,100



Depreciation


At 1 July 2023
1,100



At 30 June 2024

1,100



Net book value



At 30 June 2024
-



At 30 June 2023
-


6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
3,063

Other debtors
-
6,679

-
9,742



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
36,622
31,842

Accruals and deferred income
1,320
1,260

37,942
33,102



Page 6