Caseware UK (AP4) 2024.0.164 2024.0.164 falseNo description of principal activity2023-07-0122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07349350 2023-07-01 2024-06-30 07349350 2022-07-01 2023-06-30 07349350 2024-06-30 07349350 2023-06-30 07349350 c:Director2 2023-07-01 2024-06-30 07349350 d:OfficeEquipment 2023-07-01 2024-06-30 07349350 d:OfficeEquipment 2024-06-30 07349350 d:OfficeEquipment 2023-06-30 07349350 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07349350 d:CurrentFinancialInstruments 2024-06-30 07349350 d:CurrentFinancialInstruments 2023-06-30 07349350 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07349350 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07349350 d:ShareCapital 2024-06-30 07349350 d:ShareCapital 2023-06-30 07349350 d:RetainedEarningsAccumulatedLosses 2024-06-30 07349350 d:RetainedEarningsAccumulatedLosses 2023-06-30 07349350 c:FRS102 2023-07-01 2024-06-30 07349350 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07349350 c:FullAccounts 2023-07-01 2024-06-30 07349350 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07349350 2 2023-07-01 2024-06-30 07349350 6 2023-07-01 2024-06-30 07349350 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 07349350










Klick-Tipp Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 June 2024

 
Klick-Tipp Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Klick-Tipp Limited for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Klick-Tipp Limited for the year ended 30 June 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Klick-Tipp Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Klick-Tipp Limited and state those matters that we have agreed to state to the Board of directors of Klick-Tipp Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Klick-Tipp Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Klick-Tipp Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Klick-Tipp Limited. You consider that Klick-Tipp Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Klick-Tipp Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Second Floor, Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
27 March 2025
Page 1

 
Klick-Tipp Limited
Registered number: 07349350

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,549
3,677

  
5,549
3,677

Current assets
  

Debtors: amounts falling due within one year
 5 
121,289
3,137,300

Current asset investments
 6 
724,967
543,795

Cash at bank and in hand
  
1,013,459
1,159,894

  
1,859,715
4,840,989

Creditors: amounts falling due within one year
 7 
(655,930)
(170,185)

Net current assets
  
 
 
1,203,785
 
 
4,670,804

Total assets less current liabilities
  
1,209,334
4,674,481

  

Net assets
  
1,209,334
4,674,481


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
1,208,334
4,673,481

  
1,209,334
4,674,481


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 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: 




M A P Toohig
Director
Date: 27 March 2025

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

Page 2

 
Klick-Tipp Limited
 

 
Notes to the financial statements
For the Year Ended 30 June 2024

1.


General information

Klick-Tipp Limited is a limited liability company incorporated in England and Wales with the company registration number 07349350.  The address of the registered office and principal place of business is MFG House, 15 Cambridge Court, 210 Shepherds Bush Road, London, England, W6 7NJ.

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.

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 except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
Klick-Tipp Limited
 

 
Notes to the financial statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)

 
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.

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

Interest income

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

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
Klick-Tipp Limited
 

 
Notes to the financial statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined benefit pension plan

The Company operates a defined benefit plan for certain employees. A defined benefit plan defines the pension benefit that the employee will receive on retirement, usually dependent upon several factors including but not limited to age, length of service and remuneration. A defined benefit plan is a pension plan that is not a defined contribution plan.

The liability recognised in the Balance sheet in respect of the defined benefit plan is the present value of the defined benefit obligation at the end of the balance sheet date less the fair value of plan assets at the balance sheet date (if any) out of which the obligations are to be settled.

The defined benefit obligation is calculated using the projected unit credit method. Annually the company engages independent actuaries to calculate the obligation. The present value is determined by discounting the estimated future payments using market yields on high quality corporate bonds that are denominated in sterling and that have terms approximating to the estimated period of the future payments ('discount rate').

The fair value of plan assets is measured in accordance with the FRS102 fair value hierarchy and in accordance with the Company's policy for similarly held assets. This includes the use of appropriate valuation techniques.

Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to other comprehensive income. These amounts together with the return on plan assets, less amounts included in net interest, are disclosed as 'Remeasurement of net defined benefit liability'.

The cost of the defined benefit plan, recognised in profit or loss as employee costs, except where included in the cost of an asset, comprises:

a) the increase in net pension benefit liability arising from employee service during the period; and

b) the cost of plan introductions, benefit changes, curtailments and settlements.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is recognised in profit or loss as a 'finance expense'.

 
2.8

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 5

 
Klick-Tipp Limited
 

 
Notes to the financial statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%

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.

 
2.9

Current asset investments

Current asset investments consist of precious metals, cryptocurrency and listed investments held by the Company and are valued at fair value less costs to sell in accordance with the alternative accounting rules permitted by the Companies Act 2006 and with the provisions of FRS 102 paragraph 13.3.  All precious metals are valued at year end closing values as published by the London Bullion Market Association (LBMA), an internationally recognised pricing mechanism.  Such prices are based on the "fine" metal benchmark for each type of precious metal, which is similarly internationally recognised. All listed investments are valued at year end closing values per the stock market. Gains losses on remeasurement are recognised in profit or loss for the period.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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 2 (2023 - 2).

Page 6

 
Klick-Tipp Limited
 

 
Notes to the financial statements
For the Year Ended 30 June 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2023
4,902


Additions
3,722



At 30 June 2024

8,624



Depreciation


At 1 July 2023
1,225


Charge for the year on owned assets
1,850



At 30 June 2024

3,075



Net book value



At 30 June 2024
5,549



At 30 June 2023
3,677

Page 7

 
Klick-Tipp Limited
 

 
Notes to the financial statements
For the Year Ended 30 June 2024

5.


Debtors

2024
2023
£
£


Trade debtors
78,756
-

Amounts owed by group undertakings
20,897
3,119,086

Other debtors
18,969
18,214

Prepayments and accrued income
2,667
-

121,289
3,137,300



6.


Current asset investments

2024
2023
£
£

Listed investments
553,922
401,579

Commodity investments
171,045
142,216

724,967
543,795



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
98

Trade creditors
589,065
121,175

Other creditors
-
770

Accruals and deferred income
66,865
48,142

655,930
170,185



8.


Controlling party

Klick-Tipp Limited is a 100% subsidiary of Bella Musica Ltd, a limited liability company incorporated in England, company registration number 07274112. The address of the registered office and principal place of business of Bella Musica Ltd is MFG House, 15 Cambridge Court, 210 Shepherds Bush Road, London, England, W6 7NJ. 


Page 8