Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-308The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseNo description of principal activity8truetrue 08537362 2023-07-01 2024-06-30 08537362 2022-07-01 2023-06-30 08537362 2024-06-30 08537362 2023-06-30 08537362 c:CompanySecretary1 2023-07-01 2024-06-30 08537362 c:Director2 2023-07-01 2024-06-30 08537362 c:Director3 2023-07-01 2024-06-30 08537362 c:RegisteredOffice 2023-07-01 2024-06-30 08537362 d:PlantMachinery 2023-07-01 2024-06-30 08537362 d:PlantMachinery 2024-06-30 08537362 d:PlantMachinery 2023-06-30 08537362 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08537362 d:OfficeEquipment 2023-07-01 2024-06-30 08537362 d:OfficeEquipment 2024-06-30 08537362 d:OfficeEquipment 2023-06-30 08537362 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08537362 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08537362 d:CurrentFinancialInstruments 2024-06-30 08537362 d:CurrentFinancialInstruments 2023-06-30 08537362 d:Non-currentFinancialInstruments 2024-06-30 08537362 d:Non-currentFinancialInstruments 2023-06-30 08537362 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 08537362 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08537362 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 08537362 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 08537362 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 08537362 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 08537362 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 08537362 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 08537362 d:ShareCapital 2024-06-30 08537362 d:ShareCapital 2023-06-30 08537362 d:CapitalRedemptionReserve 2024-06-30 08537362 d:CapitalRedemptionReserve 2023-06-30 08537362 d:RetainedEarningsAccumulatedLosses 2024-06-30 08537362 d:RetainedEarningsAccumulatedLosses 2023-06-30 08537362 c:FRS102 2023-07-01 2024-06-30 08537362 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08537362 c:FullAccounts 2023-07-01 2024-06-30 08537362 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08537362 2 2023-07-01 2024-06-30 08537362 6 2023-07-01 2024-06-30 08537362 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 08537362






THE CABINET PARTNERSHIP LTD
 
FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 30 JUNE 2024

 
THE CABINET PARTNERSHIP LTD
 

COMPANY INFORMATION


Directors
A. Paul 
E. Wilson 




Company secretary
S. Wilson



Registered number
08537362



Registered office
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BL





 
THE CABINET PARTNERSHIP LTD
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 9


 
THE CABINET PARTNERSHIP LTD
REGISTERED NUMBER: 08537362

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,252
6,440

Investments
 5 
60,000
40,000

Current assets
  

Debtors
 6 
10,692
272,202

Cash at bank and in hand
  
175,405
87,847

  
186,097
360,049

Creditors: amounts falling due within one year
 7 
(43,751)
(86,513)

Net current assets
  
 
 
142,346
 
 
273,536

Creditors: amounts falling due after more than one year
 8 
(10,833)
(20,833)

Net assets
  
195,765
299,143


Capital and reserves
  

Allotted, called up and fully paid share capital
  
20
20

Capital redemption reserve
  
10
10

Profit and loss account
  
195,735
299,113

Equity shareholders' funds
  
195,765
299,143


Page 1

 
THE CABINET PARTNERSHIP LTD
REGISTERED NUMBER: 08537362

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 Directors' Report and the Statement of Comprehensive Income in accordance with provisions applicable to companies subject to the smalll companies regime, under Section 444 of the Companies Act 2006. 

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
16 March 2025.




A. Paul
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
THE CABINET PARTNERSHIP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The Cabinet Partnership Ltd (company number: 08537362), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL, is a private limited company incorporated in England and Wales.
The principal place of business of the company is Atlantic House, 351 Oxford Street, London, WC1 2JF.

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 following principal accounting policies have been applied:

  
2.2

Statement of Cash Flows

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract 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 stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in Statement of Income and Retained Earnings using the effective interest method.

Page 3

 
THE CABINET PARTNERSHIP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.7

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 Statement of Income and Retained Earnings 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.

 
2.8

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.

The current corporation 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date. 

Page 4

 
THE CABINET PARTNERSHIP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

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.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
straight-line
Office equipment
-
25%
straight-line

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 the Statement of Income and Retained Earnings.

 
2.10

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.12

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.

 
2.13

Creditors

Short-term creditors are measured at the transaction price.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date

Page 5

 
THE CABINET PARTNERSHIP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.15

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).


4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost


At 1 July 2023
12,512
39,721
52,233


Additions
-
828
828



At 30 June 2024

12,512
40,549
53,061



Depreciation


At 1 July 2023
12,512
33,281
45,793


Charge for the year
-
3,016
3,016



At 30 June 2024

12,512
36,297
48,809



Net book value



At 30 June 2024
-
4,252
4,252



At 30 June 2023
-
6,440
6,440

Page 6

 
THE CABINET PARTNERSHIP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Fixed asset investments





Unlisted investments

£



Cost


At 1 July 2023
40,000


Additions
20,000



At 30 June 2024
60,000




Page 7

 
THE CABINET PARTNERSHIP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£

Due within one year

Trade debtors
8,883
217,941

Other debtors
585
34,437

Prepayments and accrued income
1,224
19,824

10,692
272,202



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
4,782
32,941

Other taxation and social security
21,231
31,475

Other creditors
687
2,025

Accruals and deferred income
7,051
10,072

43,751
86,513



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,833
20,833


Page 8

 
THE CABINET PARTNERSHIP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
833
10,833

20,833
30,833



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,048 (2023: £4,206). Contributions totalling £115 (2023: £874 creditor) due to the fund at the Balance Sheet date are included in debtors.


11.


Related party transactions

Included within other creditors are amounts due to key management personnel of the Company of £687 (2023: £687).
Included within other debtors are amounts due from key management personnel of the Company of £470 (
2023: £470). There is no interest payable on this amount, which was repaid within 9 months of the year end.


Page 9