Caseware UK (AP4) 2024.0.164 2024.0.164 2023-06-302023-06-3032022-07-01false70210 - Public relations and communications activities, 73110 - Advertising agencies, 74100 - Specialised design activities, 74209 - Photographic activities not elsewhere classified9falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13466782 2022-07-01 2023-06-30 13466782 2021-06-21 2022-06-30 13466782 2023-06-30 13466782 2022-06-30 13466782 c:Director1 2022-07-01 2023-06-30 13466782 d:Buildings d:ShortLeaseholdAssets 2022-07-01 2023-06-30 13466782 d:Buildings d:ShortLeaseholdAssets 2023-06-30 13466782 d:Buildings d:ShortLeaseholdAssets 2022-06-30 13466782 d:OfficeEquipment 2022-07-01 2023-06-30 13466782 d:OfficeEquipment 2023-06-30 13466782 d:OfficeEquipment 2022-06-30 13466782 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 13466782 d:ComputerEquipment 2022-07-01 2023-06-30 13466782 d:ComputerEquipment 2023-06-30 13466782 d:ComputerEquipment 2022-06-30 13466782 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 13466782 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 13466782 d:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 13466782 d:PatentsTrademarksLicencesConcessionsSimilar 2022-06-30 13466782 d:ComputerSoftware 2023-06-30 13466782 d:ComputerSoftware 2022-06-30 13466782 d:CurrentFinancialInstruments 2023-06-30 13466782 d:CurrentFinancialInstruments 2022-06-30 13466782 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13466782 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 13466782 d:ShareCapital 2023-06-30 13466782 d:ShareCapital 2022-06-30 13466782 d:RetainedEarningsAccumulatedLosses 2023-06-30 13466782 d:RetainedEarningsAccumulatedLosses 2022-06-30 13466782 c:FRS102 2022-07-01 2023-06-30 13466782 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 13466782 c:FullAccounts 2022-07-01 2023-06-30 13466782 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 13466782 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2022-07-01 2023-06-30 13466782 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-07-01 2023-06-30 13466782 2 2022-07-01 2023-06-30 13466782 4 2022-07-01 2023-06-30 13466782 6 2022-07-01 2023-06-30 13466782 d:ExternallyAcquiredIntangibleAssets 2022-07-01 2023-06-30 13466782 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2022-07-01 2023-06-30 13466782 d:ComputerSoftware d:OwnedIntangibleAssets 2022-07-01 2023-06-30 13466782 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure
Registered number: 13466782


CLOSER 2021 LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
CLOSER 2021 LIMITED
REGISTERED NUMBER: 13466782

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
406,966
-

Tangible assets
 5 
56,697
16,641

Investments
 6 
200
200

  
463,863
16,841

Current assets
  

Debtors: amounts falling due within one year
 7 
2,898,004
1,162,336

Cash at bank and in hand
 8 
1,407,986
177,692

  
4,305,990
1,340,028

Creditors: amounts falling due within one year
 9 
(4,704,953)
(1,351,407)

Net current liabilities
  
 
 
(398,963)
 
 
(11,379)

Total assets less current liabilities
  
64,900
5,462

  

Net assets
  
64,900
5,462


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
64,899
5,461

  
64,900
5,462


Page 1

 
CLOSER 2021 LIMITED
REGISTERED NUMBER: 13466782
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

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 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 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: 




................................................
Mark Nicholas Loy
Director

Date: 21 March 2025

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

Page 2

 
CLOSER 2021 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Closer 2021 Limited is a private company, domiciled in England and Wales, registration number 13466782. The registered office is 3 Ashland Place London W1U 4AH.

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

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:

Rendering of services

Revenue 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 revenue 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.

Page 3

 
CLOSER 2021 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

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 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.

 
2.8

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.


 
2.9

Exceptional items

Exceptional items are transactions that fall outside the ordinary activities of the Company.

Page 4

 
CLOSER 2021 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

 
2.11

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:

Short-term leasehold property
-
33%
Office equipment
-
33%
Computer equipment
-
33%

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.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.13

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.

 
2.14

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.

Page 5

 
CLOSER 2021 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.15

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 3).


4.


Intangible assets




Patents
Computer software
Total

£
£
£



Cost


Additions
375,000
35,845
410,845



At 30 June 2023

375,000
35,845
410,845



Amortisation


Charge for the year on owned assets
-
3,879
3,879



At 30 June 2023

-
3,879
3,879



Net book value



At 30 June 2023
375,000
31,966
406,966



At 30 June 2022
-
-
-



Page 6

 
CLOSER 2021 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Tangible fixed assets





Short-term leasehold property
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2022
10,785
-
7,681
18,466


Additions
5,297
6,238
47,493
59,028



At 30 June 2023

16,082
6,238
55,174
77,494



Depreciation


At 1 July 2022
747
-
1,078
1,825


Charge for the year on owned assets
5,954
1,521
11,497
18,972



At 30 June 2023

6,701
1,521
12,575
20,797



Net book value



At 30 June 2023
9,381
4,717
42,599
56,697

Page 7

 
CLOSER 2021 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2022
200



At 30 June 2023
200




Page 8

 
CLOSER 2021 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Debtors

2023
2022
£
£


Trade debtors
2,179,772
759,490

Amounts owed by group undertakings
1,535
-

Other debtors
56,137
64,188

Prepayments and accrued income
660,560
338,658

2,898,004
1,162,336



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,407,986
177,692

1,407,986
177,692



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,152,078
428,559

Corporation tax
-
1,169

Other taxation and social security
808,467
198,440

Other creditors
383,452
123,033

Accruals and deferred income
1,360,956
600,206

4,704,953
1,351,407



10.


Related party transactions

At the balance sheet date the company owed Mark Loy £8,452 (2022: £122,832), the director of the company.


11.


Controlling party

Mark Nicholas Loy is the ultimate controlling party.

 
Page 9