Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1falseNo description of principal activity1truetrue 12730145 2023-08-01 2024-07-31 12730145 2022-08-01 2023-07-31 12730145 2024-07-31 12730145 2023-07-31 12730145 c:Director1 2023-08-01 2024-07-31 12730145 d:CurrentFinancialInstruments 2024-07-31 12730145 d:CurrentFinancialInstruments 2023-07-31 12730145 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12730145 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12730145 d:ShareCapital 2024-07-31 12730145 d:ShareCapital 2023-07-31 12730145 d:RetainedEarningsAccumulatedLosses 2024-07-31 12730145 d:RetainedEarningsAccumulatedLosses 2023-07-31 12730145 c:EntityNoLongerTradingButTradedInPast 2023-08-01 2024-07-31 12730145 c:FRS102 2023-08-01 2024-07-31 12730145 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12730145 c:FullAccounts 2023-08-01 2024-07-31 12730145 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12730145 2 2023-08-01 2024-07-31 12730145 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 12730145









114 CAPITAL LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
114 CAPITAL LIMITED
REGISTERED NUMBER: 12730145

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
40,332
1

Cash at bank and in hand
 5 
550
-

  
40,882
1

Creditors: amounts falling due within one year
 6 
(41,649)
-

Net current (liabilities)/assets
  
 
 
(767)
 
 
1

Total assets less current liabilities
  
(767)
1

  

Net (liabilities)/assets
  
(767)
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(768)
-

  
(767)
1


Page 1

 
114 CAPITAL LIMITED
REGISTERED NUMBER: 12730145
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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: 




................................................
S A Monjack
Director

Date: 27 February 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
114 CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

114 Capital Limited is a private limited company limited by shares. The Company is incorporated in England & Wales and its registered office is Aston House, Cornwall Avenue, London, N3 1LF. The registered number is 12730145. 

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

Going concern

The director and shareholder will continue supporting the company to meet its working capital requirement and obligations. On this basis the director and shareholder consider it appropriate to prepare the financial statement on a going concern basis.

 
2.3

Interest income

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

 
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.

Page 3

 
114 CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

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

Page 4

 
114 CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

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.


3.


Employees

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


4.


Debtors

2024
2023
£
£


Other debtors
40,332
1

40,332
1



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
550
-

550
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
40,549
-

Accruals and deferred income
1,100
-

41,649
-


 
Page 5