Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falsetruefalseNo description of principal activity33The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13768473 2023-05-01 2024-04-30 13768473 2021-11-26 2023-04-30 13768473 2024-04-30 13768473 2023-04-30 13768473 2021-11-26 13768473 2 2023-05-01 2024-04-30 13768473 d:Director2 2023-05-01 2024-04-30 13768473 e:CurrentFinancialInstruments 2024-04-30 13768473 e:CurrentFinancialInstruments 2023-04-30 13768473 e:CurrentFinancialInstruments e:WithinOneYear 2024-04-30 13768473 e:CurrentFinancialInstruments e:WithinOneYear 2023-04-30 13768473 e:ShareCapital 2023-05-01 2024-04-30 13768473 e:ShareCapital 2024-04-30 13768473 e:ShareCapital 2021-11-26 2023-04-30 13768473 e:ShareCapital 2023-04-30 13768473 e:SharePremium 2023-05-01 2024-04-30 13768473 e:SharePremium 2024-04-30 13768473 e:SharePremium 2 2023-05-01 2024-04-30 13768473 e:SharePremium 2021-11-26 2023-04-30 13768473 e:SharePremium 2023-04-30 13768473 e:OtherMiscellaneousReserve 2023-05-01 2024-04-30 13768473 e:OtherMiscellaneousReserve 2024-04-30 13768473 e:OtherMiscellaneousReserve 2 2023-05-01 2024-04-30 13768473 e:OtherMiscellaneousReserve 2021-11-26 2023-04-30 13768473 e:OtherMiscellaneousReserve 2023-04-30 13768473 e:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 13768473 e:RetainedEarningsAccumulatedLosses 2024-04-30 13768473 e:RetainedEarningsAccumulatedLosses 2 2023-05-01 2024-04-30 13768473 e:RetainedEarningsAccumulatedLosses 2021-11-26 2023-04-30 13768473 e:RetainedEarningsAccumulatedLosses 2023-04-30 13768473 d:OrdinaryShareClass1 2023-05-01 2024-04-30 13768473 d:OrdinaryShareClass1 2024-04-30 13768473 d:OrdinaryShareClass2 2023-05-01 2024-04-30 13768473 d:OrdinaryShareClass2 2024-04-30 13768473 d:OrdinaryShareClass2 2023-04-30 13768473 d:OrdinaryShareClass3 2023-05-01 2024-04-30 13768473 d:OrdinaryShareClass3 2024-04-30 13768473 d:OrdinaryShareClass3 2023-04-30 13768473 d:OrdinaryShareClass4 2023-05-01 2024-04-30 13768473 d:OrdinaryShareClass4 2024-04-30 13768473 d:OrdinaryShareClass4 2023-04-30 13768473 d:OrdinaryShareClass5 2023-05-01 2024-04-30 13768473 d:OrdinaryShareClass5 2024-04-30 13768473 d:OrdinaryShareClass5 2023-04-30 13768473 d:FRS102 2023-05-01 2024-04-30 13768473 d:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13768473 d:FullAccounts 2023-05-01 2024-04-30 13768473 d:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13768473 6 2023-05-01 2024-04-30 13768473 f:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13768473














AZENOR HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024

 
AZENOR HOLDINGS LIMITED
REGISTERED NUMBER: 13768473

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note

Fixed assets
  

Investments
 4 
51,422
51,422

Current assets
  

Debtors: amounts falling due within one year
  
1,091,316
-

  
1,091,316
-

Creditors: amounts falling due within one year
 6 
(1,435)
(100)

Net current assets/(liabilities)
  
 
 
1,089,881
 
 
(100)

  

Net assets
  
£1,141,303
£51,322


Capital and reserves
  

Called up share capital 
  
59,876
51,322

Share premium account
  
991,446
-

Other reserves
  
89,981
-

  
£1,141,303
£51,322


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 31 January 2025.




C A Dyson
Director

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

Page 1

 
AZENOR HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024


Called up share capital
Share premium account
Other reserves
Profit and loss account
Total equity


Comprehensive income for the period

Profit for the period
-
-
-
76,596
76,596


Contributions by and distributions to owners

Dividends: Equity capital
-
-
-
(76,596)
(76,596)

Shares issued during the period
51,322
-
-
-
51,322


Total transactions with owners
£51,322
£-
£-
£(76,596)
£(25,274)



At 1 May 2023
51,322
-
-
-
51,322
Total comprehensive income for the year
-
-
-
-
-


Contributions by and distributions to owners

Shares issued during the year
8,554
991,446
-
-
1,000,000

Share options granted
-
-
89,981
-
89,981


Total transactions with owners
8,554
991,446
89,981
-
1,089,981


At 30 April 2024
£59,876
£991,446
£89,981
£-
£1,141,303


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

Page 2

 
AZENOR HOLDINGS LIMITED
 

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

1.


General information

Azenor Holdings Limited is a private company, limited by shares and incorporated in England and Wales. The company number is 13768473. The registered office address is 2 White Lion Court, Cornhill, London, EC3V 3NP.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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.

Page 3

 
AZENOR HOLDINGS LIMITED
 

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

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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 3 (2023 -3).


4.


Fixed asset investments





Investments in subsidiary companies



Cost or valuation


At 1 May 2023
51,422



At 30 April 2024
£51,422





5.


Debtors

2024
2023


Amounts owed by group undertakings
£1,091,316
£-



6.


Creditors: Amounts falling due within one year

2024
2023

Amounts owed to group undertakings
100
100

Other creditors
1,335
-

£1,435
£100


Page 4

 
AZENOR HOLDINGS LIMITED
 

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

7.


Share capital

2024
2023
Allotted, called up and fully paid



8,554 (2023 - nil) A Ordinary shares of £1.00 each
8,554
-
8,955 (2023 - 8,955) B Ordinary shares of £1.00 each
8,955
8,955
1,000 (2023 - 1,000) C Ordinary shares of £1.00 each
1,000
1,000
28,500 (2023 - 28,500) D Ordinary shares of £1.00 each
28,500
28,500
12,867 (2023 - 12,867) E Ordinary shares of £1.00 each
12,867
12,867

£59,876

£51,322


During the year, 8,554 A Ordinary shares of £1 each were issued for £116.90 each.


8.


Reserves

Share premium account

The share premium account represents the total sum paid for shares above nominal value.

Other reserves

Other resereves represents the potential cost of issuing shares under an Enterprise Management Incentive (EMI) scheme and other share options.

Profit and loss account

The profit and loss account represents accumulated profits and losses available for distribution.

Page 5

 
AZENOR HOLDINGS LIMITED
 

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

9.


Share-based payments

The company currently has two (2023 - none) active EMI schemes and ten (2023 - three) unapproved share schemes in place. 
The first EMI scheme, granted in February 2024 with a vesting period of one year, has 4,000 shares in which an option can be exercised.  The second EMI scheme, granted in February 2024 with a vesting period of ten years, has 165 shares that in which an option can be exercised.
The unapproved share schemes were granted between November 2022 and December 2023 with vesting periods of ten years each in which options over 6,010 can be exercised.
The fair value of the shares is considered to be £116.90. This is based on a recent issue of shares. 
During the year, a total of £89,981 was charged to the profit and loss account of the subsidiary company in respect of options within the scheme.

Weighted average exercise price (pence)
2024
Number
2024
Weighted average exercise price
(pence)
2023
Number
2023

Outstanding at the beginning of the year

33.77

2,123

0
 
-
 
Granted during the year

45.92

8,052

33.77
 
2,123
 
Outstanding at the end of the year
43.39

10,175

33.77
 
2,123
 



2024
2023


Equity-settled schemes
£89,981
£5,143


10.


Prior year adjustment

A prior period adjustment has been made in respect of the dividends received and paid in the year ended 30 April 2023.


Page 6