Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2023-05-22false2false 14884055 2023-05-21 14884055 2023-05-22 2024-05-31 14884055 2022-05-22 2023-05-21 14884055 2024-05-31 14884055 c:Director1 2023-05-22 2024-05-31 14884055 d:OfficeEquipment 2023-05-22 2024-05-31 14884055 d:OfficeEquipment 2024-05-31 14884055 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-22 2024-05-31 14884055 d:CurrentFinancialInstruments 2024-05-31 14884055 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14884055 d:ShareCapital 2024-05-31 14884055 d:RetainedEarningsAccumulatedLosses 2024-05-31 14884055 c:OrdinaryShareClass1 2023-05-22 2024-05-31 14884055 c:OrdinaryShareClass1 2024-05-31 14884055 c:OrdinaryShareClass2 2023-05-22 2024-05-31 14884055 c:OrdinaryShareClass2 2024-05-31 14884055 c:FRS102 2023-05-22 2024-05-31 14884055 c:AuditExempt-NoAccountantsReport 2023-05-22 2024-05-31 14884055 c:FullAccounts 2023-05-22 2024-05-31 14884055 c:PrivateLimitedCompanyLtd 2023-05-22 2024-05-31 14884055 e:PoundSterling 2023-05-22 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14884055










CHAMELEON PARTNERSHIP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
CHAMELEON PARTNERSHIP LIMITED
REGISTERED NUMBER: 14884055

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
241

Current assets
  

Bank and cash balances
  
9,667

  
9,667

Creditors: amounts falling due within one year
 5 
(141,123)

Net current (liabilities)/assets
  
 
 
(131,456)

Total assets less current liabilities
  
(131,215)

  

Net (liabilities)/assets
  
(131,215)


Capital and reserves
  

Called up share capital 
 6 
100

Profit and loss account
  
(131,315)

  
(131,215)


Page 1

 
CHAMELEON PARTNERSHIP LIMITED
REGISTERED NUMBER: 14884055
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 






Mr P O'Donnell
Director

Date: 10 February 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CHAMELEON PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

Chameleon Partnership Limited (14884055) is a private company limited by shares and incorporated in England and Wales. Its registered office address is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

The company was incorporated on 22 May 2023 and commenced to trade on the same date.

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 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

Going concern

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this period.

 
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.

Page 3

 
CHAMELEON PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

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.

 
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.

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:

Office equipment
-
25%
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

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.

Page 4

 
CHAMELEON PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


        2024
            No.






Directors
2


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
317



At 31 May 2024

317



Depreciation


Charge for the period on owned assets
76



At 31 May 2024

76



Net book value



At 31 May 2024
241


5.


Creditors: Amounts falling due within one year

2024
£

Other taxation and social security
6,035

Other creditors
133,338

Accruals and deferred income
1,750

141,123


Page 5

 
CHAMELEON PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

6.


Share capital

2024
£
Allotted, called up and fully paid


90 A shares of £1.00 each
90
10 B shares of £1.00 each
10

100


During the period 90 A shares and 10 B shares were issued at par. The aggregate nominal value of shares alloted during the period was £100.

 
Page 6