Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01falseThe principal activity of the company during the period was that of management of real estate on a fee or contract basis.22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13965615 2023-04-01 2024-03-31 13965615 2022-03-09 2023-03-31 13965615 2024-03-31 13965615 2023-03-31 13965615 c:Director1 2023-04-01 2024-03-31 13965615 c:Director2 2023-04-01 2024-03-31 13965615 c:RegisteredOffice 2023-04-01 2024-03-31 13965615 d:ComputerEquipment 2023-04-01 2024-03-31 13965615 d:ComputerEquipment 2024-03-31 13965615 d:ComputerEquipment 2023-03-31 13965615 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13965615 d:CurrentFinancialInstruments 2024-03-31 13965615 d:CurrentFinancialInstruments 2023-03-31 13965615 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13965615 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13965615 d:ShareCapital 2024-03-31 13965615 d:ShareCapital 2023-03-31 13965615 d:RetainedEarningsAccumulatedLosses 2024-03-31 13965615 d:RetainedEarningsAccumulatedLosses 2023-03-31 13965615 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 13965615 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 13965615 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13965615 c:OrdinaryShareClass1 2024-03-31 13965615 c:OrdinaryShareClass1 2023-03-31 13965615 c:FRS102 2023-04-01 2024-03-31 13965615 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13965615 c:FullAccounts 2023-04-01 2024-03-31 13965615 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13965615









FLAGPOINT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
FLAGPOINT LTD
 
 
COMPANY INFORMATION


Directors
C Brill-Edwards 
D Schlegel 




Registered number
13965615



Registered office
29 Farm Street

London

W1J 5RL




Accountants
Rawlinson & Hunter LLP
Chartered Accountants

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
FLAGPOINT LTD
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
FLAGPOINT LTD
REGISTERED NUMBER: 13965615

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,151
1,577

  
1,151
1,577

Current assets
  

Debtors: amounts falling due within one year
 5 
9,931
10,743

Cash at bank and in hand
 6 
7,739
11,245

  
17,670
21,988

Creditors: amounts falling due within one year
 7 
(213,856)
(99,723)

Net current liabilities
  
 
 
(196,186)
 
 
(77,735)

Total assets less current liabilities
  
(195,035)
(76,158)

  

Net liabilities
  
(195,035)
(76,158)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(195,135)
(76,258)

  
(195,035)
(76,158)


Page 1

 
FLAGPOINT LTD
REGISTERED NUMBER: 13965615
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 by:




C Brill-Edwards
D Schlegel
Director
Director


Date: 15 January 2025
Date:15 January 2025

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

Page 2

 
FLAGPOINT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Flagpoint Ltd ("the company") is a private company, limited by shares, incorporated in England and Wales with registration number of 13965615. The registered office is 42 Brook Street, London, W1K 5DB.

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

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company expects the continued financial support of the shareholders, who have provided confirmation to provide such financial support as is necessary for the company to meet its liabilities as they fall due and continue in operation for a period of at least twelve months from the date of signing of the financial statements of the company.

 
2.3

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 resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'administrative expenses'.

Page 3

 
FLAGPOINT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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
-
25%

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

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
FLAGPOINT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
1,702



At 31 March 2024

1,702



Depreciation


At 1 April 2023
125


Charge for the year on owned assets
426



At 31 March 2024

551



Net book value



At 31 March 2024
1,151



At 31 March 2023
1,577

Page 5

 
FLAGPOINT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
8,381
7,868

Prepayments and accrued income
1,550
2,875

9,931
10,743



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,739
11,245



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,234
-

Other creditors
204,872
91,048

Accruals and deferred income
4,750
8,675

213,856
99,723



8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
7,739
11,245




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 6

 
FLAGPOINT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 7