Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31falseOther Holding Companiestruefalse2022-09-0122true 11516911 2022-09-01 2023-08-31 11516911 2021-09-01 2022-08-31 11516911 2023-08-31 11516911 2022-08-31 11516911 c:Director1 2022-09-01 2023-08-31 11516911 d:CurrentFinancialInstruments 2023-08-31 11516911 d:CurrentFinancialInstruments 2022-08-31 11516911 d:Non-currentFinancialInstruments 2023-08-31 11516911 d:Non-currentFinancialInstruments 2022-08-31 11516911 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 11516911 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 11516911 d:ShareCapital 2023-08-31 11516911 d:ShareCapital 2022-08-31 11516911 d:RetainedEarningsAccumulatedLosses 2023-08-31 11516911 d:RetainedEarningsAccumulatedLosses 2022-08-31 11516911 c:EntityHasNeverTraded 2022-09-01 2023-08-31 11516911 c:FRS102 2022-09-01 2023-08-31 11516911 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 11516911 c:FullAccounts 2022-09-01 2023-08-31 11516911 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 11516911 2 2022-09-01 2023-08-31 11516911 6 2022-09-01 2023-08-31 11516911 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 11516911









AMAE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
AMAE LIMITED
REGISTERED NUMBER: 11516911

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
899,465
841,800

  
899,465
841,800

Current assets
  

Debtors: amounts falling due after more than one year
 5 
-
96,700

  
-
96,700

Creditors: amounts falling due within one year
 6 
(1,136,786)
(1,201,162)

Net current liabilities
  
 
 
(1,136,786)
 
 
(1,104,462)

Total assets less current liabilities
  
(237,321)
(262,662)

  

Net liabilities
  
(237,321)
(262,662)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(237,322)
(262,663)

  
(237,321)
(262,662)


Page 1

 
AMAE LIMITED
REGISTERED NUMBER: 11516911
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

For the year ended 31 August 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 profit and loss account 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 on 7 February 2025.




Dr A S Edelmann
Director

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

Page 2

 
AMAE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Amae Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 11516911 The address of the registered office is Hawke House, Old Station Road, Loughton, Essex, IG10 4PL

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.

 
2.2

Going concern

The company has net liabilities of £237,321 (2022: £262,663), the accounts have been prepared on the going concern basis as the company director has pledged to continue to financially support the company and pay its liabilities as they fall due. The director has also pledged to not draw down on his director loan which at the year end stood at £1,126,766. This is primarily the main company liability.

 
2.3

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.

 
2.4

Interest income

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

 
2.5

Valuation of investments

Investments in unlisted Company shares, where market value cannot be reliably measured are held at historic cost less impairment. Investments in unlisted overseas companies are translated from the foreign currency at the transaction date and held at the historic cost less impairment. The investments held by AMAE Limited cannot be reliably determined and therefore are held at historic cost less impairment. 

Page 3

 
AMAE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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

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

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is
Page 4

 
AMAE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
AMAE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 September 2022
841,800


Additions
318,327


Disposals
(284,878)


Revaluations
24,215



At 31 August 2023
899,464





5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
-
96,700

-
96,700



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
1,126,766
1,191,237

Accruals and deferred income
10,020
9,925

1,136,786
1,201,162



7.


Related party transactions

During the year the director paid for expenses, loans and investments on behalf of the company amounting to £220,405 (2022: £92,472)
At the balance sheet date, the company owes £1,126,766 (2022: £1,191,237) to the director and is shown in other creditors. The amount is interest free and repayable on demand.

Page 6

 
AMAE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

8.


Controlling party

The ultimate controlling party is Dr A S Edelmann by virtue of shareholding. 

 
Page 7