Caseware UK (AP4) 2024.0.164 2024.0.164 2023-06-302023-06-302022-07-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11088959 2022-07-01 2023-06-30 11088959 2022-01-01 2022-06-30 11088959 2023-06-30 11088959 2022-06-30 11088959 c:Director1 2022-07-01 2023-06-30 11088959 d:OfficeEquipment 2022-07-01 2023-06-30 11088959 d:OfficeEquipment 2023-06-30 11088959 d:OfficeEquipment 2022-06-30 11088959 d:CurrentFinancialInstruments 2023-06-30 11088959 d:CurrentFinancialInstruments 2022-06-30 11088959 d:Non-currentFinancialInstruments 2023-06-30 11088959 d:Non-currentFinancialInstruments 2022-06-30 11088959 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11088959 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 11088959 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 11088959 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 11088959 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 11088959 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 11088959 d:ShareCapital 2023-06-30 11088959 d:ShareCapital 2022-06-30 11088959 d:SharePremium 2023-06-30 11088959 d:SharePremium 2022-06-30 11088959 d:RetainedEarningsAccumulatedLosses 2023-06-30 11088959 d:RetainedEarningsAccumulatedLosses 2022-06-30 11088959 c:OrdinaryShareClass1 2022-07-01 2023-06-30 11088959 c:OrdinaryShareClass1 2023-06-30 11088959 c:OrdinaryShareClass1 2022-06-30 11088959 c:FRS102 2022-07-01 2023-06-30 11088959 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 11088959 c:FullAccounts 2022-07-01 2023-06-30 11088959 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11088959 4 2022-07-01 2023-06-30 11088959 6 2022-07-01 2023-06-30 11088959 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11088959


IDEX CAPITAL PARTNERS LIMITED








UNAUDITED

PAGES FOR FILING WITH REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
IDEX CAPITAL PARTNERS LIMITED
REGISTERED NUMBER: 11088959

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
2,596
4,463

Investments
 6 
1
1

  
2,597
4,464

Current assets
  

Debtors: amounts falling due within one year
 7 
2,178,618
802,949

Cash at bank and in hand
 8 
111,351
108,645

  
2,289,969
911,594

Creditors: amounts falling due within one year
 9 
(4,396,884)
(1,319,183)

Net current liabilities
  
 
 
(2,106,915)
 
 
(407,589)

Total assets less current liabilities
  
(2,104,318)
(403,125)

Creditors: amounts falling due after more than one year
 10 
(35,614)
(1,423,759)

  

Net liabilities
  
(2,139,932)
(1,826,884)


Capital and reserves
  

Called up share capital 
 12 
114
114

Share premium account
  
1,299,979
1,299,979

Profit and loss account
  
(3,440,025)
(3,126,977)

  
(2,139,932)
(1,826,884)


Page 1

 
IDEX CAPITAL PARTNERS LIMITED
REGISTERED NUMBER: 11088959
    
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 profit and loss account 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 on 13 March 2025.




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

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Idex Capital Partners Limited is a limited company by shares, registered in England and Wales.  The company number is 11088959 and has a registered office address 3 Ashland Place London W1U 4AH..
The principle activity of the business is management consultancy activities.

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

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

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

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

Borrowing costs

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

 
2.6

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.

 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

Page 4

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
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.

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:

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 profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 5

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Exceptional items

30 June
30 June
2023
2022
£
£


Exceptional items
32,508
11,604

32,508
11,604


5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2022
10,709


Disposals
(6,739)



At 30 June 2023

3,970



Depreciation


At 1 July 2022
6,246


Disposals
(4,872)



At 30 June 2023

1,374



Net book value



At 30 June 2023
2,596

Page 6

 
IDEX CAPITAL PARTNERS 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
1



At 30 June 2023
1




Page 7

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Debtors

2023
2022
£
£


Trade debtors
957,578
518,267

Amounts owed by group undertakings
1,023,767
24,078

Other debtors
92,462
9,957

Prepayments and accrued income
104,811
250,647

2,178,618
802,949



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
111,351
108,645

111,351
108,645



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
1,389,397
-

Trade creditors
1,962,927
618,691

Other taxation and social security
24,193
249,309

Other creditors
-
1,770

Accruals and deferred income
1,020,367
449,413

4,396,884
1,319,183



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
1,377,324

Other creditors
35,614
46,435

35,614
1,423,759


Page 8

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
1,389,397
-


1,389,397
-


Amounts falling due 2-5 years

Bank loans
-
1,377,324


-
1,377,324


1,389,397
1,377,324


Page 9

 
IDEX CAPITAL PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,139,054 (2022 - 1,139,100) Ordinary shares of £0.0001 each
114
114



13.


Related party transactions

As at the balance sheet date, the company owed £35,615 (2022 - £46,435) to Mark Loy a director and shareholder of the company.    
The loan is not repayable by a particular date. Interest is charged and accrued for at a rate of 7% + LIBOR. 
The company has taken advantage of the exemption under FRS102 section 33 paragraph 1a and
therefore have not reported the related party transactions or balances of companies within the group.
 


14.


Controlling party

The controlling party during the period was M Loy by way of their majority shareholding.
The group has taken exemption from producting consolidated accounts as it qualify's as small under s383 of the Companies Act 2006.

 
Page 10