Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3012023-05-01falseThe principle activity is that of management consultancy activities1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14028582 2023-05-01 2024-04-30 14028582 2022-04-06 2023-04-30 14028582 2024-04-30 14028582 2023-04-30 14028582 c:Director1 2023-05-01 2024-04-30 14028582 d:OfficeEquipment 2023-05-01 2024-04-30 14028582 d:OfficeEquipment 2024-04-30 14028582 d:OfficeEquipment 2023-04-30 14028582 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 14028582 d:ComputerEquipment 2023-05-01 2024-04-30 14028582 d:ComputerEquipment 2024-04-30 14028582 d:ComputerEquipment 2023-04-30 14028582 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 14028582 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 14028582 d:CurrentFinancialInstruments 2024-04-30 14028582 d:CurrentFinancialInstruments 2023-04-30 14028582 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14028582 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14028582 d:ShareCapital 2024-04-30 14028582 d:ShareCapital 2023-04-30 14028582 d:RetainedEarningsAccumulatedLosses 2024-04-30 14028582 d:RetainedEarningsAccumulatedLosses 2023-04-30 14028582 c:FRS102 2023-05-01 2024-04-30 14028582 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 14028582 c:FullAccounts 2023-05-01 2024-04-30 14028582 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 14028582










RACHAEL GUNN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
RACHAEL GUNN LIMITED
REGISTERED NUMBER: 14028582

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
867
506

  
867
506

Current assets
  

Debtors: amounts falling due within one year
 5 
2,756
14,495

Cash at bank and in hand
 6 
15,503
189

  
18,259
14,684

Creditors: amounts falling due within one year
 7 
(18,337)
(20,966)

Net current liabilities
  
 
 
(78)
 
 
(6,282)

Total assets less current liabilities
  
789
(5,776)

  

Net assets/(liabilities)
  
789
(5,776)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
689
(5,876)

  
789
(5,776)


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 and delivered 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.

Page 1

 
RACHAEL GUNN LIMITED
REGISTERED NUMBER: 14028582
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

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 30 January 2025.



Rachael Gunn
Director

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

Page 2

 
RACHAEL GUNN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Rachael Gunn Limited is a private limited company, incorporated in England and Wales, registration number 14028582. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.
The principal activity of the company is that of operations consultancy activities.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
RACHAEL GUNN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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

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
-
3 years
Computer equipment
-

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.

Page 4

 
RACHAEL GUNN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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. 

 
2.8

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.

 
2.9

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 Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Page 5

 
RACHAEL GUNN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)


Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.10

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).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
667
-
667


Additions
-
859
859



At 30 April 2024

667
859
1,526



Depreciation


At 1 May 2023
161
-
161


Charge for the year on owned assets
222
276
498



At 30 April 2024

383
276
659



Net book value



At 30 April 2024
284
583
867

Page 6

 
RACHAEL GUNN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,700
14,495

Prepayments and accrued income
56
-

2,756
14,495



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
15,503
189



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
343
494

Corporation tax
2,007
-

Other creditors
14,487
18,972

Accruals and deferred income
1,500
1,500

18,337
20,966



8.


Related party transactions

Included in other creditors, at the balance sheet date, is the amount of £14,487 (2023: £18,887) due to the director.

 
Page 7