Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07222006 2023-04-01 2024-03-31 07222006 2022-04-01 2023-03-31 07222006 2024-03-31 07222006 2023-03-31 07222006 c:Director2 2023-04-01 2024-03-31 07222006 d:CurrentFinancialInstruments 2024-03-31 07222006 d:CurrentFinancialInstruments 2023-03-31 07222006 d:Non-currentFinancialInstruments 2024-03-31 07222006 d:Non-currentFinancialInstruments 2023-03-31 07222006 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07222006 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07222006 d:ShareCapital 2024-03-31 07222006 d:ShareCapital 2023-03-31 07222006 d:RetainedEarningsAccumulatedLosses 2024-03-31 07222006 d:RetainedEarningsAccumulatedLosses 2023-03-31 07222006 c:OrdinaryShareClass1 2023-04-01 2024-03-31 07222006 c:OrdinaryShareClass1 2024-03-31 07222006 c:OrdinaryShareClass1 2023-03-31 07222006 c:FRS102 2023-04-01 2024-03-31 07222006 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07222006 c:FullAccounts 2023-04-01 2024-03-31 07222006 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07222006 2 2023-04-01 2024-03-31 07222006 6 2023-04-01 2024-03-31 07222006 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07222006









AQUILA (NACTON) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
AQUILA (NACTON) LIMITED
REGISTERED NUMBER: 07222006

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
(9,255)
5,284

Current assets
  

Debtors
 5 
4,925,528
4,803,168

Cash at bank and in hand
  
22,850
73,845

  
4,948,378
4,877,013

Creditors: amounts falling due within one year
 6 
(164,281)
(185,989)

Net current assets
  
 
 
4,784,097
 
 
4,691,024

Total assets less current liabilities
  
4,774,842
4,696,308

  

Net assets
  
4,774,842
4,696,308


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
4,774,841
4,696,307

Total equity
  
4,774,842
4,696,308


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.
 
Page 1

 
AQUILA (NACTON) LIMITED
REGISTERED NUMBER: 07222006
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D J Chambers
Director

Date: 17 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
AQUILA (NACTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Aquila (Nacton) Limited is a private company limited by shares and registered in England and Wales. Its registered office address is 6a High Street, Chelmsford, CM1 1BE.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

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

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Interest income

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

 
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 balance sheet date in the countries where the company operates and generates income.

 
2.5

Valuation of investments

Investments in associates are measured at cost less accumulated impairment.

 
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.

Page 3

 
AQUILA (NACTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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
Page 4

 
AQUILA (NACTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

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.

  
2.9

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.


3.


Employees



The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Loans to joint ventures

£



Cost or valuation


At 1 April 2023
5,284


Revaluations
(14,539)



At 31 March 2024
(9,255)






Net book value



At 31 March 2024
(9,255)



At 31 March 2023
5,284



Page 5

 
AQUILA (NACTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
2,629,260
2,569,260

Due within one year

Other debtors
2,296,267
2,233,907

Called up share capital not paid
1
1

4,925,528
4,803,168



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
1,080
-

Corporation tax
25,764
20,097

Other creditors
135,587
164,042

Accruals and deferred income
1,850
1,850

164,281
185,989



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



8.


Related party transactions

At the balance sheet date, the company owed £9,255 (2023 - was owed £5,284) by Aquigen (Nacton) LLP, a limited liability partnership in which the company is a member. During the year, the company received a share of losses totalling £14,539 (2023 - £18,761). 


9.


Controlling party

The company is controlled by BCSL Investments (Jersey) Limited, which is in turn controlled by The Blenheim Employee Retention TrustPO Box, JTC House, 28 Esplanade, Jersey, Channel Islands, JE4 2QP by virtue of its majority shareholding. No consolidated financial statements are prepared.

 
Page 6