Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity1915falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08938394 2023-04-01 2024-03-31 08938394 2022-04-01 2023-03-31 08938394 2024-03-31 08938394 2023-03-31 08938394 c:Director1 2023-04-01 2024-03-31 08938394 c:RegisteredOffice 2023-04-01 2024-03-31 08938394 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 08938394 d:Buildings d:LongLeaseholdAssets 2024-03-31 08938394 d:Buildings d:LongLeaseholdAssets 2023-03-31 08938394 d:OfficeEquipment 2023-04-01 2024-03-31 08938394 d:OfficeEquipment 2024-03-31 08938394 d:OfficeEquipment 2023-03-31 08938394 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08938394 d:ComputerEquipment 2023-04-01 2024-03-31 08938394 d:ComputerEquipment 2024-03-31 08938394 d:ComputerEquipment 2023-03-31 08938394 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08938394 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08938394 d:CurrentFinancialInstruments 2024-03-31 08938394 d:CurrentFinancialInstruments 2023-03-31 08938394 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08938394 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08938394 d:ShareCapital 2024-03-31 08938394 d:ShareCapital 2023-03-31 08938394 d:RetainedEarningsAccumulatedLosses 2024-03-31 08938394 d:RetainedEarningsAccumulatedLosses 2023-03-31 08938394 c:FRS102 2023-04-01 2024-03-31 08938394 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08938394 c:FullAccounts 2023-04-01 2024-03-31 08938394 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08938394 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 08938394







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


FALCON BROOK SEARCH LTD






































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FALCON BROOK SEARCH LTD
 


 
COMPANY INFORMATION


Director
C Rademeyer 




Registered number
08938394



Registered office
4th Floor 95 Gresham Street

London

EC2V 7AB




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


FALCON BROOK SEARCH LTD
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 5


 


FALCON BROOK SEARCH LTD
REGISTERED NUMBER:08938394



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
98,661
95,066

  
98,661
95,066

Current assets
  

Debtors: amounts falling due within one year
 5 
1,870,428
2,129,632

Cash at bank and in hand
  
3,481,280
2,474,592

  
5,351,708
4,604,224

Creditors: amounts falling due within one year
 6 
(1,605,095)
(1,095,043)

Net current assets
  
 
 
3,746,613
 
 
3,509,181

Total assets less current liabilities
  
3,845,274
3,604,247

  

Net assets
  
3,845,274
3,604,247


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
3,845,270
3,604,243

  
3,845,274
3,604,247


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 her 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 by: 

C Rademeyer
Director
Date: 27 March 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 


FALCON BROOK SEARCH LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Falcon Brook Search Limited is a private company limited by shares, incorporated in England and Wales. The registered number and address of the registered office is given in the company information page of these financial statements. The principal place of business is No.1 Poultry, London, EC2R 8EJ.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

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.

 
2.3

Turnover

Turnover, net of VAT, constitutes the value of services undertaken by the company from recruitment activities. This consists of mainly permanent placements which are typically based on a percentage of the candidate's remuneration package. This is generally recognised with reference to the candidates start date, less a provision for any known rebates for pre year end placements.

 
2.4

Finance costs

Finance costs are charged to profit or loss 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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

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 reporting date in the countries where the company operates and generates income.

Page 2

 


FALCON BROOK SEARCH LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
50%
Straight line
Fixtures, fittings & equipment
-
20%
Straight line
Computer equipment
-
33%
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 profit or loss.

During the year, there has been a reclassification of fixed assets from fixtures, fittings & equipment to computer equipment. There has also been a change in depreciation policy for computer equipment, as seen above.

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2023 - 15).

Page 3

 


FALCON BROOK SEARCH LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Long-term leasehold property
Fixtures, fittings & equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
-
80,316
37,519
117,835


Additions
30,800
4,568
11,156
46,524



At 31 March 2024

30,800
84,884
48,675
164,359



Depreciation


At 1 April 2023
-
11,840
10,929
22,769


Charge for the year on owned assets
14,117
15,541
13,271
42,929



At 31 March 2024

14,117
27,381
24,200
65,698



Net book value



At 31 March 2024
16,683
57,503
24,475
98,661



At 31 March 2023
-
68,476
26,590
95,066


5.


Debtors

2024
2023
£
£


Trade debtors
1,397,165
1,953,773

Amounts owed by group undertakings
414,003
-

Other debtors
38,034
161,138

Prepayments and accrued income
21,226
14,721

1,870,428
2,129,632


Page 4

 


FALCON BROOK SEARCH LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
67,537
90,116

Amounts owed to associated companies
736,993
-

Corporation tax
144,915
304,080

Other taxation and social security
125,756
102,620

Other creditors
36,296
2,978

Accruals and deferred income
493,598
595,249

1,605,095
1,095,043



7.


Transactions with Directors

Included within other debtors are the following advances and creditors to directors which subsisted during the  years.

2024
2023
£
£
Balance at start of the year

125,258

66,702
 
Amounts repaid

(125,770)

(209,864)
 
Amounts advanced

414,515

268,420
 
Balance transferred

(414,003)

-
 
-

125,258
 

Interest is not being charged on this loan. The loan is repayable on demand.

 
Page 5