Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-310No description of principal activity102023-01-01false10truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08699687 2023-01-01 2023-12-31 08699687 2022-01-01 2022-12-31 08699687 2023-12-31 08699687 2022-12-31 08699687 c:Director2 2023-01-01 2023-12-31 08699687 d:ComputerEquipment 2023-01-01 2023-12-31 08699687 d:ComputerEquipment 2023-12-31 08699687 d:ComputerEquipment 2022-12-31 08699687 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08699687 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-01 2023-12-31 08699687 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 08699687 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 08699687 d:CurrentFinancialInstruments 2023-12-31 08699687 d:CurrentFinancialInstruments 2022-12-31 08699687 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08699687 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08699687 d:ShareCapital 2023-12-31 08699687 d:ShareCapital 2022-12-31 08699687 d:RetainedEarningsAccumulatedLosses 2023-12-31 08699687 d:RetainedEarningsAccumulatedLosses 2022-12-31 08699687 c:FRS102 2023-01-01 2023-12-31 08699687 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08699687 c:FullAccounts 2023-01-01 2023-12-31 08699687 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08699687 2 2023-01-01 2023-12-31 08699687 6 2023-01-01 2023-12-31 08699687 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 08699687









BEAUFORT CAPITAL MANAGEMENT UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BEAUFORT CAPITAL MANAGEMENT UK LIMITED
REGISTERED NUMBER: 08699687

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
2,732
3,415

Tangible assets
 5 
1,400
2,067

Investments
 6 
226,325
-

  
230,457
5,482

Current assets
  

Debtors: amounts falling due within one year
 7 
141,664
137,671

Cash at bank and in hand
 8 
175,204
235,118

  
316,868
372,789

Creditors: amounts falling due within one year
 9 
(325,938)
(176,593)

Total assets less current liabilities
  
 
 
221,387
 
 
201,678

  

  

Net assets
  
221,387
201,678


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
220,387
200,678

  
221,387
201,678


Page 1

 
BEAUFORT CAPITAL MANAGEMENT UK LIMITED
REGISTERED NUMBER: 08699687
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 by: 




P Norman
Director

Date: 31 January 2025

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
BEAUFORT CAPITAL MANAGEMENT UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Beaufort Capital Management UK Limited is a private company limited by shares and incorporated in England & Wales (registered number 08699687). The company's registered office is at 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The principal activity of the company is that of investment advisory services.
The financial statements have been presented in Sterling, which is the functional currency of the company.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

Page 3

 
BEAUFORT CAPITAL MANAGEMENT UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

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.

 The estimated useful lives range as follows:

Trademarks
-
Over 10 years

 
2.4

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:

Computer equipment
-
33%

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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.

Page 4

 
BEAUFORT CAPITAL MANAGEMENT UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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. 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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
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.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Interest income

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

 
2.13

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.

Page 5

 
BEAUFORT CAPITAL MANAGEMENT UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 10).


4.


Intangible assets




Trademarks

£



Cost


At 1 January 2023
6,830



At 31 December 2023

6,830



Amortisation


At 1 January 2023
3,415


Charge for the year on owned assets
683



At 31 December 2023

4,098



Net book value



At 31 December 2023
2,732



At 31 December 2022
3,415



Page 6

 
BEAUFORT CAPITAL MANAGEMENT UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
6,638


Additions
307



At 31 December 2023

6,945



Depreciation


At 1 January 2023
4,572


Charge for the year on owned assets
973



At 31 December 2023

5,545



Net book value



At 31 December 2023
1,400



At 31 December 2022
2,067


6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


Additions
226,325



At 31 December 2023
226,325




Page 7

 
BEAUFORT CAPITAL MANAGEMENT UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£


Other debtors
122,102
114,928

Prepayments and accrued income
19,562
22,743

141,664
137,671



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
175,204
235,118

175,204
235,118



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
11,916
-

Corporation tax
16,785
34,490

Other taxation and social security
47,458
73,354

Other creditors
4,607
35,799

Accruals and deferred income
245,172
32,950

325,938
176,593


 
Page 8