Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31falsetrue1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-06-011true 08073002 2023-06-01 2024-05-31 08073002 2024-05-31 08073002 2022-06-01 2023-05-31 08073002 2023-05-31 08073002 c:Director1 2023-06-01 2024-05-31 08073002 d:CurrentFinancialInstruments 2024-05-31 08073002 d:CurrentFinancialInstruments 2023-05-31 08073002 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 08073002 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08073002 d:ShareCapital 2024-05-31 08073002 d:ShareCapital 2023-05-31 08073002 d:RetainedEarningsAccumulatedLosses 2024-05-31 08073002 d:RetainedEarningsAccumulatedLosses 2023-05-31 08073002 c:FRS102 2023-06-01 2024-05-31 08073002 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08073002 c:FullAccounts 2023-06-01 2024-05-31 08073002 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08073002 2 2023-06-01 2024-05-31 08073002 6 2023-06-01 2024-05-31 08073002 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 08073002


FISH HOOK LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
FISH HOOK LTD
REGISTERED NUMBER: 08073002

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
17,425
-

Current asset investments
 5 
180,350
184,966

Cash at bank and in hand
 6 
126,037
121,128

  
323,812
306,094

Creditors: amounts falling due within one year
 7 
(75,810)
(48,329)

Net current assets
  
 
 
248,002
 
 
257,765

Total assets less current liabilities
  
248,002
257,765

  

Net assets
  
248,002
257,765


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
248,001
257,764

  
248,002
257,765


Page 1

 
FISH HOOK LTD
REGISTERED NUMBER: 08073002
    
BALANCE SHEET (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: 




................................................
H Couzens
Director
Date: 24 February 2025

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

Page 2

 
FISH HOOK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Fish Hook Ltd is a private company limited by share capital, registered in England and Wales.
The company's registration number is 08073002.  
The company's registered office is 1 Vincent Square, London, SW1P 2PN. 

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

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
FISH HOOK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

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 balance sheet date in the countries where the Company operates and generates income.


Page 4

 
FISH HOOK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
FISH HOOK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Debtors

2024
2023
£
£


Trade debtors
17,425
-

17,425
-



5.


Current asset investments

2024
2023
£
£

Unlisted investments
180,350
184,966

180,350
184,966



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
126,037
121,128

126,037
121,128



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
1,729

Other taxation and social security
21,269
15,410

Other creditors
17,452
9,143

Accruals and deferred income
37,089
22,047

75,810
48,329


Page 6

 
FISH HOOK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Pension commitments

The Company contributes to a defined contribution pension scheme. The assets of the schemes are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the funds and amounted to £23,000 (2023 - £67,833). Contributions totalling Nil (2023 - £NIL) were payable to the fund at the balance sheet date.


9.


Related party transactions

During the year under review, a director funded expenses on behalf of the company. The balance owed to the director at the balance sheet date amounted to £16,348 (2023: £6,935) which is included within other creditors due within one year. 
During the year under review, payments totalling £94,402 (2023: £111,827) were made to Octopics AB, an entity that the director also has a controlling interest in. 

 
Page 7