Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01falseThe publishing of computer games.13trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13697629 2023-04-01 2024-03-31 13697629 2021-10-22 2023-03-31 13697629 2024-03-31 13697629 2023-03-31 13697629 c:Director1 2023-04-01 2024-03-31 13697629 d:OfficeEquipment 2023-04-01 2024-03-31 13697629 d:OfficeEquipment 2024-03-31 13697629 d:OfficeEquipment 2023-03-31 13697629 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13697629 d:ComputerSoftware 2023-04-01 2024-03-31 13697629 d:ComputerSoftware 2024-03-31 13697629 d:ComputerSoftware 2023-03-31 13697629 d:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 13697629 d:CurrentFinancialInstruments 2024-03-31 13697629 d:CurrentFinancialInstruments 2023-03-31 13697629 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13697629 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13697629 d:ShareCapital 2023-04-01 2024-03-31 13697629 d:ShareCapital 2024-03-31 13697629 d:ShareCapital 2021-10-22 2023-03-31 13697629 d:ShareCapital 2023-03-31 13697629 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 13697629 d:RetainedEarningsAccumulatedLosses 2024-03-31 13697629 d:RetainedEarningsAccumulatedLosses 2021-10-22 2023-03-31 13697629 d:RetainedEarningsAccumulatedLosses 2023-03-31 13697629 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 13697629 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 13697629 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13697629 c:OrdinaryShareClass1 2024-03-31 13697629 c:OrdinaryShareClass1 2023-03-31 13697629 c:FRS102 2023-04-01 2024-03-31 13697629 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13697629 c:FullAccounts 2023-04-01 2024-03-31 13697629 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13697629 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 13697629 d:ComputerSoftware d:OwnedIntangibleAssets 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13697629









HALF DECENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
HALF DECENT LIMITED
REGISTERED NUMBER: 13697629

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
50,358
37,142

Tangible assets
 6 
4,576
3,067

  
54,934
40,209

Current assets
  

Cash at bank and in hand
  
15,245
55,537

  
15,245
55,537

Creditors: amounts falling due within one year
 7 
(466,610)
(464,987)

Net current liabilities
  
 
 
(451,365)
 
 
(409,450)

Total assets less current liabilities
  
(396,431)
(369,241)

Provisions for liabilities
  

Deferred tax
  
(1,144)
(870)

  
 
 
(1,144)
 
 
(870)

Net liabilities
  
(397,575)
(370,111)


Capital and reserves
  

Called up share capital 
  
8
8

Profit and loss account
  
(397,583)
(370,119)

  
(397,575)
(370,111)


Page 1

 
HALF DECENT LIMITED
REGISTERED NUMBER: 13697629
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 period 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 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 by: 




Mr A Slade
Director

Date: 17 March 2025

The notes on pages 5 to 12 form part of these financial statements.

Page 2

 
HALF DECENT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
8
(370,119)
(370,111)


Comprehensive income for the period

Loss for the period

-
(27,464)
(27,464)


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
(27,464)
(27,464)


Total transactions with owners
-
-
-


At 31 March 2024
8
(397,583)
(397,575)


The notes on pages 5 to 12 form part of these financial statements.

Page 3

 
HALF DECENT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Loss for the period

-
(370,119)
(370,119)


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
(370,119)
(370,119)


Contributions by and distributions to owners

Shares issued during the period
8
-
8


Total transactions with owners
8
-
8


At 31 March 2023
8
(370,119)
(370,111)


The notes on pages 5 to 12 form part of these financial statements.

Page 4

 
HALF DECENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

The company is a private company limited by shares incorporated in England and Wales. The address
of its registered office is: 61 Bridge Street, Kington, England, HR5 3DJ, United Kingdom. The
financial statements are prepared in GBP ("£") which is the functional and presentational currency of the
primary economic environment in which the company operates.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The comparative period was prepared for the 18 month period from incorporation, 22 October 2021, to the year end 31 March 2023. The current period is 12 months to 31 March 2024.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors are satisfied that, at the time of approving the financial statements, there is a
reasonable expectation that the company has adequate resources to continue in operational existence for at least the next 12 months. For this reason, the Director continues to adopt the going concern basis in preparing the financial statements.

 
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.

Page 5

 
HALF DECENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

Page 6

 
HALF DECENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market.
Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the balance sheet date.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Other intangible fixed assets
-
10
years

Page 7

 
HALF DECENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Office equipment
-
3
years

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.

 
2.9

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.10

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.

 
2.11

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 8

 
HALF DECENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Intangible assets are carried at fair value less cost to sell, which requires estimation as to the fair value of the intangible asset. Reference to publicly available market data is used to determine the fair value of each class of intangible asset.


4.


Employees

The average monthly number of employees, including directors, during the period was 1 (2023 - 3).

Page 9

 
HALF DECENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Intangible assets





£



Cost


At 1 April 2023
96,936


Additions
37,501


Disposals
(46,894)



At 31 March 2024

87,543



Amortisation


At 1 April 2023
59,794


Charge for the period on owned assets
13,444


On disposals
(4,689)


Impairment losses written back
(31,364)



At 31 March 2024

37,185



Net book value



At 31 March 2024
50,358



At 31 March 2023
37,142



Page 10

 
HALF DECENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
4,578


Additions
4,552



At 31 March 2024

9,130



Depreciation


At 1 April 2023
1,511


Charge for the period on owned assets
3,043



At 31 March 2024

4,554



Net book value



At 31 March 2024
4,576



At 31 March 2023
3,067


7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
9,395
7,772

Accruals and deferred income
457,215
457,215

466,610
464,987


Page 11

 
HALF DECENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Deferred taxation




2024


£






At 1 April 2023
(870)


Charged to the profit or loss
(274)



At 31 March 2024
(1,144)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
1,144
870

1,144
870


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



800,000 (2023 - 800,000) Ordinary shares of £0.00001 each
8
8


 
Page 12