Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-24falseNo description of principal activityfalse9trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14754492 2023-03-23 14754492 2023-03-24 2024-03-31 14754492 2022-03-24 2023-03-23 14754492 2024-03-31 14754492 c:Director3 2023-03-24 2024-03-31 14754492 d:Buildings 2023-03-24 2024-03-31 14754492 d:Buildings 2024-03-31 14754492 d:Buildings d:OwnedOrFreeholdAssets 2023-03-24 2024-03-31 14754492 d:CurrentFinancialInstruments 2024-03-31 14754492 d:Non-currentFinancialInstruments 2024-03-31 14754492 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14754492 d:ShareCapital 2024-03-31 14754492 d:RetainedEarningsAccumulatedLosses 2024-03-31 14754492 c:OrdinaryShareClass1 2023-03-24 2024-03-31 14754492 c:OrdinaryShareClass1 2024-03-31 14754492 c:FRS102 2023-03-24 2024-03-31 14754492 c:AuditExempt-NoAccountantsReport 2023-03-24 2024-03-31 14754492 c:FullAccounts 2023-03-24 2024-03-31 14754492 c:PrivateLimitedCompanyLtd 2023-03-24 2024-03-31 14754492 2 2023-03-24 2024-03-31 14754492 6 2023-03-24 2024-03-31 14754492 e:PoundSterling 2023-03-24 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14754492









Bryden Capital Ltd







Unaudited

Financial statements

Information for filing with the registrar

For the period ended 31 March 2024

 
Bryden Capital Ltd
Registered number: 14754492

Balance Sheet
As at 31 March 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
971,156

Investments
 5 
63,345

  
1,034,501

Current assets
  

Debtors: amounts falling due after more than one year
 6 
19,364,834

Debtors: amounts falling due within one year
 6 
16,796,773

Cash at bank and in hand
  
1,013,699

  
37,175,306

Creditors: amounts falling due within one year
 7 
(36,623,984)

Net current liabilities
  
 
 
551,322

Total assets less current liabilities
  
1,585,823

  

Net assets
  
1,585,823


Capital and reserves
  

Called up share capital 
  
10

Profit and loss account
  
1,585,813

  
1,585,823


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 period 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 by: 



................................................
C J Hall
Director
Page 1

 
Bryden Capital Ltd
Registered number: 14754492
    
Balance Sheet (continued)
As at 31 March 2024


Date: 7 February 2025

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

Page 2

 
Bryden Capital Ltd
 
 
 
Notes to the Financial Statements
For the period ended 31 March 2024

1.


General information

Bryden Capital Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bryden House Unit 1, Boundary Industrial Estate, Millfield Road, Bolton, United Kingdom, BL2 6QY.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

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.

 
2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the companies act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Interest income

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

 
2.4

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 balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
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.

Page 3

 
Bryden Capital Ltd
 
 
 
Notes to the Financial Statements
For the period ended 31 March 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Freehold property
-
2%
Straight Line

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Other investments are measured at cost less accumulated impairment.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
Bryden Capital Ltd
 
 
 
Notes to the Financial Statements
For the period ended 31 March 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the period was 9.


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


Additions
987,581



At 31 March 2024

987,581



Depreciation


Charge for the period on owned assets
16,425



At 31 March 2024

16,425



Net book value



At 31 March 2024
971,156

Page 5

 
Bryden Capital Ltd
 
 
 
Notes to the Financial Statements
For the period ended 31 March 2024

5.


Fixed asset investments





Investments in subsidiary companies
Other fixed asset investments
Total

£
£
£



Cost or valuation


Additions
1,000
62,345
63,345



At 31 March 2024
1,000
62,345
63,345





6.


Debtors

2024
£

Due after more than one year

Other loans
19,364,834

19,364,834


£19,364,834 of other loans are receivable after more than 5 years.

2024
£

Due within one year

Amounts owed by group undertakings
16,495,044

Other debtors
300,029

Prepayments and accrued income
1,700

16,796,773



7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
121,138

Amounts owed to group undertakings
1,000

Other creditors
36,501,846

36,623,984


Page 6

 
Bryden Capital Ltd
 
 
 
Notes to the Financial Statements
For the period ended 31 March 2024

8.


Share capital

2024
£
Allotted, called up and fully paid


1,000 Ordinary shares of £0.01 each
10


The company issued 1,000 ordinary shares of £0.01 each at par on incorporation.


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. Contributions totalling £5,323 were charged to the profit or loss during the year, £4,983 was payable to the fund at the balance sheet date and is included in other creditors.

 
Page 7