Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-310No description of principal activity2023-06-01false0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09604251 2023-06-01 2024-05-31 09604251 2022-06-01 2023-05-31 09604251 2024-05-31 09604251 2023-05-31 09604251 c:Director1 2023-06-01 2024-05-31 09604251 d:OfficeEquipment 2023-06-01 2024-05-31 09604251 d:OfficeEquipment 2024-05-31 09604251 d:OfficeEquipment 2023-05-31 09604251 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09604251 d:CurrentFinancialInstruments 2024-05-31 09604251 d:CurrentFinancialInstruments 2023-05-31 09604251 d:Non-currentFinancialInstruments 2024-05-31 09604251 d:Non-currentFinancialInstruments 2023-05-31 09604251 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 09604251 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09604251 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 09604251 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 09604251 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 09604251 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 09604251 d:ShareCapital 2024-05-31 09604251 d:ShareCapital 2023-05-31 09604251 d:RetainedEarningsAccumulatedLosses 2024-05-31 09604251 d:RetainedEarningsAccumulatedLosses 2023-05-31 09604251 c:FRS102 2023-06-01 2024-05-31 09604251 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09604251 c:FullAccounts 2023-06-01 2024-05-31 09604251 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09604251 2 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 09604251










THE CROSS BORDER PARTNERSHIP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
THE CROSS BORDER PARTNERSHIP LIMITED
REGISTERED NUMBER: 09604251

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
846
-

Current assets
  

Debtors: amounts falling due within one year
 5 
35,689
36,669

Cash at bank and in hand
  
19,526
11,464

  
55,215
48,133

Creditors: amounts falling due within one year
 6 
(10,312)
(9,826)

Net current assets
  
 
 
44,903
 
 
38,307

Total assets less current liabilities
  
45,749
38,307

Creditors: amounts falling due after more than one year
 7 
(32,917)
(37,917)

  

Net assets
  
12,832
390


Capital and reserves
  

Called up share capital 
  
120
120

Profit and loss account
  
12,712
270

  
12,832
390


Page 1

 
THE CROSS BORDER PARTNERSHIP LIMITED
REGISTERED NUMBER: 09604251
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The director considers 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 director acknowledges his 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: 






Mr P J Robinson
Director

Date: 31 January 2025

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

Page 2

 
THE CROSS BORDER PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The Cross Border Partnership Limited, which was incorporated and registered in England & Wales (registered number 09604251), is a privately owned company limited by shares. The registered office address is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT. 

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

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.

 
2.3

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

 
THE CROSS BORDER PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.3
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:

Office equipment
-
straight line over 3 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.

 
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.

 
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

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Interest income

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

Page 4

 
THE CROSS BORDER PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2023
1,175


Additions
923



At 31 May 2024

2,098



Depreciation


At 1 June 2023
1,175


Charge for the year on owned assets
77



At 31 May 2024

1,252



Net book value



At 31 May 2024
846



At 31 May 2023
-

Page 5

 
THE CROSS BORDER PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
4,558

Other debtors
35,689
32,111



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,000
5,000

Trade creditors
-
750

Corporation tax
4,663
1,293

Other taxation and social security
-
2,158

Accruals and deferred income
649
625

10,312
9,826



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
32,917
37,917



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,000
5,000

Amounts falling due 1-2 years

Bank loans
32,917
37,917



37,917
42,917


 
Page 6