Caseware UK (AP4) 2024.0.164 2024.0.164 false22023-04-01falseManagement consultancy services2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false NI651017 2023-04-01 2024-03-31 NI651017 2022-04-01 2023-03-31 NI651017 2024-03-31 NI651017 2023-03-31 NI651017 c:Director1 2023-04-01 2024-03-31 NI651017 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 NI651017 d:Buildings d:LongLeaseholdAssets 2024-03-31 NI651017 d:Buildings d:LongLeaseholdAssets 2023-03-31 NI651017 d:FurnitureFittings 2023-04-01 2024-03-31 NI651017 d:FurnitureFittings 2024-03-31 NI651017 d:FurnitureFittings 2023-03-31 NI651017 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI651017 d:OfficeEquipment 2023-04-01 2024-03-31 NI651017 d:OfficeEquipment 2024-03-31 NI651017 d:OfficeEquipment 2023-03-31 NI651017 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI651017 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI651017 d:CurrentFinancialInstruments 2024-03-31 NI651017 d:CurrentFinancialInstruments 2023-03-31 NI651017 d:Non-currentFinancialInstruments 2024-03-31 NI651017 d:Non-currentFinancialInstruments 2023-03-31 NI651017 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 NI651017 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 NI651017 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 NI651017 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 NI651017 d:ShareCapital 2024-03-31 NI651017 d:ShareCapital 2023-03-31 NI651017 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 NI651017 d:RetainedEarningsAccumulatedLosses 2024-03-31 NI651017 d:RetainedEarningsAccumulatedLosses 2023-03-31 NI651017 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 NI651017 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 NI651017 c:OrdinaryShareClass1 2023-04-01 2024-03-31 NI651017 c:OrdinaryShareClass1 2024-03-31 NI651017 c:OrdinaryShareClass2 2023-04-01 2024-03-31 NI651017 c:OrdinaryShareClass2 2024-03-31 NI651017 c:FRS102 2023-04-01 2024-03-31 NI651017 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI651017 c:FullAccounts 2023-04-01 2024-03-31 NI651017 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI651017 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: NI651017










Armagh 14 Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
Armagh 14 Limited
Registered number: NI651017

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
11,409
16,082

  
11,409
16,082

Current assets
  

Debtors: amounts falling due within one year
 4 
555,796
167,039

Cash at bank and in hand
 5 
50,768
290,657

  
606,564
457,696

Creditors: amounts falling due within one year
 6 
(64,193)
(64,799)

Net current assets
  
 
 
542,371
 
 
392,897

Total assets less current liabilities
  
553,780
408,979

Creditors: amounts falling due after more than one year
 7 
(12,001)
(22,473)

Provisions for liabilities
  

Deferred tax
 8 
(1,394)
(1,997)

  
 
 
(1,394)
 
 
(1,997)

Net assets
  
540,385
384,509


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
 10 
540,383
384,507

  
540,385
384,509


img7392.png
Page 1

 
Armagh 14 Limited
Registered number: NI651017

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 statement of income and retained earnings 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.




John-George Willis
Director

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

img7c94.png
Page 2

 
Armagh 14 Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

Armagh 14 Limited is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements.
The presentation currency is that of sterling. There is no rounding applied to the accounts.

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.

img2b9f.png
Page 3

 
Armagh 14 Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
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:

Leasehold improvements
-
15%
Fixtures and fittings
-
4 years
Office equipment
-
3/4 years

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.

img49b3.png
Page 4

 
Armagh 14 Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
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.


3.


Tangible fixed assets





Leasehold improvements
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
21,897
9,600
11,926
43,423



At 31 March 2024

21,897
9,600
11,926
43,423



Depreciation


At 1 April 2023
10,042
9,600
7,699
27,341


Charge for the year on owned assets
3,285
-
1,388
4,673



At 31 March 2024

13,327
9,600
9,087
32,014



Net book value



At 31 March 2024
8,570
-
2,839
11,409



img1188.png
Page 5

 
Armagh 14 Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

4.


Debtors

2024
2023
£
£


Trade debtors
32,900
31,401

Amounts owed by participating interests
388,809
135,638

Other debtors
134,087
-

555,796
167,039



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
50,768
290,657

50,768
290,657



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,226
9,980

Trade creditors
161
-

Corporation tax
46,978
40,112

Other taxation and social security
4,128
12,032

Accruals and deferred income
2,700
2,675

64,193
64,799



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,001
22,473

12,001
22,473



8.


Deferred taxation

img28c9.png
Page 6

 
Armagh 14 Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024
 
8.Deferred taxation (continued)




2024


£






At beginning of year
(1,997)


Charged to profit or loss
603



At end of year
(1,394)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,394)
(1,997)

(1,394)
(1,997)

img57fb.png
Page 7

 
Armagh 14 Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

9.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



1 A Ordinary share of £1
1
1
1 B Ordinary share of £1
1
1

2

2



10.


Reserves

Profit and loss account

The profit and loss account represent cumulative profits and losses net of dividends and other adjustments. 


11.


Related party transactions

The company has taken advantage of the exemption under FRS 102 Section 1A not to disclose transactions with companies within the group. All transactions with related parties were conducted on an arm's length basis and in the ordinary course of business.


12.


Controlling party

The ultimate controlling party is Armagh 11 Ltd.


img67f6.png
Page 8