Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312023-09-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3false3falseNo description of principal activityfalsetrue 06348403 2023-09-01 2024-08-31 06348403 2022-09-01 2023-08-31 06348403 2024-08-31 06348403 2023-08-31 06348403 c:Director2 2023-09-01 2024-08-31 06348403 d:CurrentFinancialInstruments 2024-08-31 06348403 d:CurrentFinancialInstruments 2023-08-31 06348403 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 06348403 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 06348403 d:ShareCapital 2024-08-31 06348403 d:ShareCapital 2023-08-31 06348403 d:OtherMiscellaneousReserve 2024-08-31 06348403 d:OtherMiscellaneousReserve 2023-08-31 06348403 d:RetainedEarningsAccumulatedLosses 2024-08-31 06348403 d:RetainedEarningsAccumulatedLosses 2023-08-31 06348403 c:OrdinaryShareClass1 2023-09-01 2024-08-31 06348403 c:OrdinaryShareClass1 2024-08-31 06348403 c:OrdinaryShareClass1 2023-08-31 06348403 c:FRS102 2023-09-01 2024-08-31 06348403 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06348403 c:FullAccounts 2023-09-01 2024-08-31 06348403 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06348403 6 2023-09-01 2024-08-31 06348403 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06348403














ACTIVE ASSETS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

 
ACTIVE ASSETS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 3


 
ACTIVE ASSETS LIMITED
REGISTERED NUMBER:06348403

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Current asset investments
 4 
2,240,001
1,598,924

Cash at bank and in hand
  
1,556
180,213

  
2,241,557
1,779,137

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(1,926,179)
(2,110,940)

  

Net assets/(liabilities)
  
315,378
(331,803)


Capital and reserves
  

Called up share capital 
 6 
150
150

Other reserves
  
140,287
(292,451)

Profit and loss account
  
174,941
(39,502)

  
315,378
(331,803)


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 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 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 on 19 February 2025.




F Baroukh
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
ACTIVE ASSETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Active Assets Limited is a company limited by shares incorporated in England and Wales. The registered office is 10 Somerset Square, London, W14 8EE
The financial statements are presented in £ sterling, which is the functional currency of the Company.
The principal activity of the Company during the year continued to be that of trade investments. 

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

Valuation of investments

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.

 
2.3

Financial instruments


Basic financial instruments include other debtors, other creditors, cash and bank balances, and related party loans.
Other debtors are recognised initially at the transaction price less attributable transaction costs. Other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of other debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest.
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

 
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.


Page 2

 
ACTIVE ASSETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Current asset investments

2024
2023
£
£

Listed investments
2,240,001
1,598,924



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
120
-

Other creditors
1,923,000
2,108,000

Accruals and deferred income
3,059
2,940

1,926,179
2,110,940



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



150 (2023 - 150) Ordinary shares of £1 each
150
150



7.


Related party transactions

As at the year end,  the Company owed £417,000 (2023 - £679,000) to entities under common directorship included within other creditors.

 
Page 3