Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false2024-01-01No description of principal activity1513truetruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11047636 2024-01-01 2024-12-31 11047636 2023-01-01 2023-12-31 11047636 2024-12-31 11047636 2023-12-31 11047636 1 2024-01-01 2024-12-31 11047636 d:Director1 2024-01-01 2024-12-31 11047636 d:Director2 2024-01-01 2024-12-31 11047636 d:RegisteredOffice 2024-01-01 2024-12-31 11047636 c:Buildings c:ShortLeaseholdAssets 2024-01-01 2024-12-31 11047636 c:Buildings c:ShortLeaseholdAssets 2024-12-31 11047636 c:Buildings c:ShortLeaseholdAssets 2023-12-31 11047636 c:FurnitureFittings 2024-01-01 2024-12-31 11047636 c:FurnitureFittings 2024-12-31 11047636 c:FurnitureFittings 2023-12-31 11047636 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11047636 c:ComputerEquipment 2024-01-01 2024-12-31 11047636 c:ComputerEquipment 2024-12-31 11047636 c:ComputerEquipment 2023-12-31 11047636 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11047636 c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11047636 c:CurrentFinancialInstruments 2024-12-31 11047636 c:CurrentFinancialInstruments 2023-12-31 11047636 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 11047636 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 11047636 c:ShareCapital 2024-12-31 11047636 c:ShareCapital 2023-12-31 11047636 c:RetainedEarningsAccumulatedLosses 2024-12-31 11047636 c:RetainedEarningsAccumulatedLosses 2023-12-31 11047636 d:FRS102 2024-01-01 2024-12-31 11047636 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11047636 d:FullAccounts 2024-01-01 2024-12-31 11047636 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11047636 c:WithinOneYear 2024-12-31 11047636 c:WithinOneYear 2023-12-31 11047636 c:BetweenOneFiveYears 2024-12-31 11047636 c:BetweenOneFiveYears 2023-12-31 11047636 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 11047636


 
 
 
 
 
 
 
CDGUKG LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
CDGUKG LTD
 
 
COMPANY INFORMATION


Directors
C Lowery 
S N Osment 




Registered number
11047636



Registered office
Birchin Court
5th Floor

19-25 Birchin Lane

London

United Kingdom

EC3V 9DU




Accountants
ZEDRA Corporate Reporting Services (UK) Limited





 
CDGUKG LTD
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 8


 
CDGUKG LTD
REGISTERED NUMBER:11047636

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
21,532
12,486

  
21,532
12,486

Current assets
  

Debtors: amounts falling due within one year
 4 
368,858
218,954

Bank and cash balances
  
35,913
86,896

  
404,771
305,850

Creditors: amounts falling due within one year
 5 
(105,690)
(62,256)

Net current assets
  
 
 
299,081
 
 
243,594

Total assets less current liabilities
  
320,613
256,080

  

Net assets
  
320,613
256,080

Page 1

 
CDGUKG LTD
REGISTERED NUMBER:11047636
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
320,612
256,079

  
320,613
256,080


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 by: 

C Lowery
Director

Date: 7 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CDGUKG LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies

 
1.1

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:

  
1.2

Going concern

CDGUKG Ltd has received written confirmation from its parent company, Margo Chase Design Inc., that it will continue to provide financial support for a period of at least 12 months from the date of signing these financial statements. For this reason, the directors continue to adopt the going concern basis in preparing the financial statements.

 
1.3

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover is recognised on a cost plus 7% basis, in line with the intercompany service agreement with the parent company. Intercompany turnover is recognised 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 costs incurred and the costs to complete the contract can be measured reliably.

 
1.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
CDGUKG LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

 
1.5

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.

 
1.6

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.

 
1.7

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.

 
1.8

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.

Page 4

 
CDGUKG LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)


1.8
Tangible fixed assets (continued)

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:

Computer 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.

 
1.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans. No interest is charged on the loan which is repayable on demand. 

 
1.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
1.11

Creditors

Short-term creditors are measured at the transaction price. 


2.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 13).

Page 5

 
CDGUKG LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Tangible fixed assets





Leasehold improvements
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
2,940
3,738
30,450
37,128


Additions
4,732
-
17,846
22,578



At 31 December 2024

7,672
3,738
48,296
59,706



Depreciation


At 1 January 2024
1,238
999
22,405
24,642


Charge for the year on owned assets
1,768
1,246
10,518
13,532



At 31 December 2024

3,006
2,245
32,923
38,174



Net book value



At 31 December 2024
4,666
1,493
15,373
21,532



At 31 December 2023
1,702
2,740
8,045
12,487

Page 6

 
CDGUKG LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
334,019
185,409

Other debtors
24,210
16,738

Prepayments and accrued income
10,629
16,807

368,858
218,954





5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
24,539
9,571

Corporation tax
26,309
18,702

Other taxation and social security
25,869
20,077

Other creditors
12,660
4,614

Accruals and deferred income
16,313
9,292

105,690
62,256



6.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than one year
70,290
46,262

Later than one year and not later than five years
202,084
-

272,374
46,262


7.


Controlling party

Margo Chase Design Inc., is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 99 Pasadena Avenue, Suite 9, Los Angeles, CA 91030, USA. 

Page 7

 
CDGUKG LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved. 

 
Page 8