Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falsetrueNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02346504 2023-04-01 2024-03-31 02346504 2022-04-01 2023-03-31 02346504 2024-03-31 02346504 2023-03-31 02346504 c:Director2 2023-04-01 2024-03-31 02346504 d:CurrentFinancialInstruments 2024-03-31 02346504 d:CurrentFinancialInstruments 2023-03-31 02346504 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02346504 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02346504 d:ShareCapital 2024-03-31 02346504 d:ShareCapital 2023-03-31 02346504 d:RetainedEarningsAccumulatedLosses 2024-03-31 02346504 d:RetainedEarningsAccumulatedLosses 2023-03-31 02346504 c:OrdinaryShareClass1 2023-04-01 2024-03-31 02346504 c:OrdinaryShareClass1 2024-03-31 02346504 c:OrdinaryShareClass1 2023-03-31 02346504 c:FRS102 2023-04-01 2024-03-31 02346504 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02346504 c:FullAccounts 2023-04-01 2024-03-31 02346504 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02346504 2 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02346504









THORSTONE SECURITIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
THORSTONE SECURITIES LIMITED
REGISTERED NUMBER: 02346504

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
85,042
295,372

Cash at bank and in hand
 5 
-
902

  
85,042
296,274

Creditors: amounts falling due within one year
 6 
(6,920)
(275,502)

Net current assets
  
 
 
78,122
 
 
20,772

Total assets less current liabilities
  
78,122
20,772

  

Net assets
  
78,122
20,772


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
78,022
20,672

  
78,122
20,772


Page 1

 
THORSTONE SECURITIES LIMITED
REGISTERED NUMBER: 02346504
    
STATEMENT OF FINANCIAL POSITION (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 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: 




S J Silverstone
Director

Date: 31 January 2025

Page 2

 
THORSTONE SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Thorstone Securities Limited is a private Company limited by shares and incorporated in England and Wales (Registered number 02346504). The registered office is 104a Park Street, London, United Kingdom, W1K 6NG.

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

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors have obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
  
Accordingly the directors have continued to prepare the financial statements on the going concern basis.

 
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

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

 
THORSTONE SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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

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.

 
2.8

Interest income

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


3.


Employees

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


4.


Debtors

2024
2023
£
£


Other debtors
85,042
295,372

85,042
295,372



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
902

-
902


Page 4

 
THORSTONE SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,320
-

Other creditors
-
270,402

Accruals and deferred income
5,600
5,100

6,920
275,502



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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


 
Page 5