Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false12023-04-01falsetrueNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08366049 2023-04-01 2024-03-31 08366049 2022-04-01 2023-03-31 08366049 2024-03-31 08366049 2023-03-31 08366049 c:Director1 2023-04-01 2024-03-31 08366049 d:FurnitureFittings 2023-04-01 2024-03-31 08366049 d:FurnitureFittings 2024-03-31 08366049 d:FurnitureFittings 2023-03-31 08366049 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08366049 d:ComputerEquipment 2023-04-01 2024-03-31 08366049 d:ComputerEquipment 2024-03-31 08366049 d:ComputerEquipment 2023-03-31 08366049 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08366049 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08366049 d:CurrentFinancialInstruments 2024-03-31 08366049 d:CurrentFinancialInstruments 2023-03-31 08366049 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08366049 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08366049 d:ShareCapital 2024-03-31 08366049 d:ShareCapital 2023-03-31 08366049 d:RetainedEarningsAccumulatedLosses 2024-03-31 08366049 d:RetainedEarningsAccumulatedLosses 2023-03-31 08366049 c:FRS102 2023-04-01 2024-03-31 08366049 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08366049 c:FullAccounts 2023-04-01 2024-03-31 08366049 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08366049 2 2023-04-01 2024-03-31 08366049 6 2023-04-01 2024-03-31 08366049 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08366049









CMK ADVISORS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
CMK ADVISORS LIMITED
REGISTERED NUMBER: 08366049

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,153
4,728

Investments
 5 
754,066
531,861

  
759,219
536,589

Current assets
  

Debtors: amounts falling due within one year
 6 
213,889
227,902

Cash at bank and in hand
 7 
287,198
471,325

  
501,087
699,227

Creditors: amounts falling due within one year
 8 
(726,050)
(812,875)

Net current liabilities
  
 
 
(224,963)
 
 
(113,648)

Total assets less current liabilities
  
534,256
422,941

  

Net assets
  
534,256
422,941


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
534,255
422,940

  
534,256
422,941


Page 1

 
CMK ADVISORS LIMITED
REGISTERED NUMBER: 08366049
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 her 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: 




C M Laurence
Director

Date: 13 February 2025

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

Page 2

 
CMK ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

CMK Advisors Limited is a private company, limited by shares and incorporated in England. The company's registered office address is 101 New Cavendish Street,1st Floor South London, W1W 6XH. 

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.

 
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

 
CMK ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Computer equipment
-
25%

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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.

Page 4

 
CMK ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.9

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.

 
2.10

Interest income

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

 
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 1 (2023 - 1).

Page 5

 
CMK ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
13,290
4,047
17,337


Additions
-
1,824
1,824



At 31 March 2024

13,290
5,871
19,161



Depreciation


At 1 April 2023
10,068
2,542
12,610


Charge for the year on owned assets
805
593
1,398



At 31 March 2024

10,873
3,135
14,008



Net book value



At 31 March 2024
2,417
2,736
5,153



At 31 March 2023
3,222
1,505
4,727




The net book value of land and buildings may be further analysed as follows:






5.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 April 2023
470,295
61,565
531,860


Additions
3,485,120
1,454
3,486,574


Disposals
(3,256,082)
-
(3,256,082)


Revaluations
(8,286)
-
(8,286)



At 31 March 2024
691,047
63,019
754,066




Page 6

 
CMK ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Other debtors
213,889
227,902

213,889
227,902



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
287,198
471,325

Less: bank overdrafts
(122)
-

287,076
471,325



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
122
-

Corporation tax
2,228
14,746

Other creditors
717,946
792,375

Accruals and deferred income
5,754
5,754

726,050
812,875


 
Page 7