Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31true2023-11-01falseNo description of principal activity66trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10409875 2023-11-01 2024-10-31 10409875 2022-11-01 2023-10-31 10409875 2024-10-31 10409875 2023-10-31 10409875 c:Director1 2023-11-01 2024-10-31 10409875 d:FurnitureFittings 2023-11-01 2024-10-31 10409875 d:FurnitureFittings 2024-10-31 10409875 d:FurnitureFittings 2023-10-31 10409875 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10409875 d:OfficeEquipment 2023-11-01 2024-10-31 10409875 d:OfficeEquipment 2024-10-31 10409875 d:OfficeEquipment 2023-10-31 10409875 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10409875 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10409875 d:CurrentFinancialInstruments 2024-10-31 10409875 d:CurrentFinancialInstruments 2023-10-31 10409875 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 10409875 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10409875 d:ShareCapital 2024-10-31 10409875 d:ShareCapital 2023-10-31 10409875 d:RetainedEarningsAccumulatedLosses 2024-10-31 10409875 d:RetainedEarningsAccumulatedLosses 2023-10-31 10409875 c:FRS102 2023-11-01 2024-10-31 10409875 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10409875 c:FullAccounts 2023-11-01 2024-10-31 10409875 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10409875 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 10409875









LARACHE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
LARACHE LIMITED
REGISTERED NUMBER: 10409875

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,194
12,435

  
10,194
12,435

Current assets
  

Stocks
  
41,331
41,020

Debtors: amounts falling due within one year
 5 
54,341
7,151

Cash at bank and in hand
 6 
533,001
557,465

  
628,673
605,636

Creditors: amounts falling due within one year
 7 
(91,882)
(97,090)

Net current assets
  
 
 
536,791
 
 
508,546

Total assets less current liabilities
  
546,985
520,981

  

Net assets
  
546,985
520,981


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
546,885
520,881

  
546,985
520,981


Page 1

 
LARACHE LIMITED
REGISTERED NUMBER: 10409875
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 on 12 March 2025.




___________________________
H Hajjaj
Director

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

Page 2

 
LARACHE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Larache Limited is a private company limited by shares. The company is incorporated in England & Wales and its registered office is situated at Aston House, Cornwall Avenue, London N3 1LF. The registered number is 10409875.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

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

 
LARACHE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.4
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
-
15%
Reducing balance
Office equipment
-
25%
Reducing balance

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.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
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

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.

 
2.8

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

 
LARACHE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.9

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.

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.

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.

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.

 
2.10

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.

Page 5

 
LARACHE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

3.


Employees

2024
2023
£
£

Wages and salaries
152,525
102,429

Social security costs
7,259
2,882

Cost of defined contribution scheme
11,018
120,000

170,802
225,311


The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Employee
6
6


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 November 2023
22,392
9,146
31,538



At 31 October 2024

22,392
9,146
31,538



Depreciation


At 1 November 2023
13,726
5,376
19,102


Charge for the year on owned assets
1,300
942
2,242



At 31 October 2024

15,026
6,318
21,344



Net book value



At 31 October 2024
7,366
2,828
10,194



At 31 October 2023
8,666
3,769
12,435

Page 6

 
LARACHE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
46,862
2,302

Other debtors
7,479
4,849

54,341
7,151



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
533,001
557,465

533,001
557,465



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,902
773

Corporation tax
1,574
1,574

Other taxation and social security
1,272
1,397

Other creditors
86,134
89,346

Accruals and deferred income
-
4,000

91,882
97,090


 
Page 7