Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01059falsefalseto provide business support servicestrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06254698 2023-04-01 2024-03-31 06254698 2022-04-01 2023-03-31 06254698 2024-03-31 06254698 2023-03-31 06254698 2022-04-01 06254698 c:Director1 2023-04-01 2024-03-31 06254698 d:MotorVehicles 2023-04-01 2024-03-31 06254698 d:MotorVehicles 2024-03-31 06254698 d:MotorVehicles 2023-03-31 06254698 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06254698 d:FurnitureFittings 2023-04-01 2024-03-31 06254698 d:FurnitureFittings 2024-03-31 06254698 d:FurnitureFittings 2023-03-31 06254698 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06254698 d:ComputerEquipment 2023-04-01 2024-03-31 06254698 d:ComputerEquipment 2024-03-31 06254698 d:ComputerEquipment 2023-03-31 06254698 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06254698 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 06254698 d:OtherPropertyPlantEquipment 2024-03-31 06254698 d:OtherPropertyPlantEquipment 2023-03-31 06254698 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06254698 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06254698 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 06254698 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 06254698 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 06254698 d:ComputerSoftware 2024-03-31 06254698 d:ComputerSoftware 2023-03-31 06254698 d:CurrentFinancialInstruments 2024-03-31 06254698 d:CurrentFinancialInstruments 2023-03-31 06254698 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06254698 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06254698 d:ShareCapital 2024-03-31 06254698 d:ShareCapital 2023-03-31 06254698 d:ShareCapital 2022-04-01 06254698 d:CapitalRedemptionReserve 2024-03-31 06254698 d:CapitalRedemptionReserve 2023-03-31 06254698 d:CapitalRedemptionReserve 2022-04-01 06254698 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 06254698 d:RetainedEarningsAccumulatedLosses 2024-03-31 06254698 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 06254698 d:RetainedEarningsAccumulatedLosses 2023-03-31 06254698 d:RetainedEarningsAccumulatedLosses 2022-04-01 06254698 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 06254698 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 06254698 c:OrdinaryShareClass1 2023-04-01 2024-03-31 06254698 c:OrdinaryShareClass1 2024-03-31 06254698 c:OrdinaryShareClass1 2023-03-31 06254698 c:FRS102 2023-04-01 2024-03-31 06254698 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06254698 c:FullAccounts 2023-04-01 2024-03-31 06254698 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06254698 d:WithinOneYear 2024-03-31 06254698 d:WithinOneYear 2023-03-31 06254698 d:BetweenOneFiveYears 2024-03-31 06254698 d:BetweenOneFiveYears 2023-03-31 06254698 d:MoreThanFiveYears 2024-03-31 06254698 d:MoreThanFiveYears 2023-03-31 06254698 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 06254698 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 06254698 2 2023-04-01 2024-03-31 06254698 6 2023-04-01 2024-03-31 06254698 d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 06254698 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06254698 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06254698 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-04-01 2024-03-31 06254698 d:ComputerSoftware d:OwnedIntangibleAssets 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06254698









CAROLINE BAKER FAMILY OFFICE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CAROLINE BAKER FAMILY OFFICE LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 13


 
CAROLINE BAKER FAMILY OFFICE LIMITED
REGISTERED NUMBER: 06254698

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
66,743
39,728

Tangible assets
 5 
126,783
162,097

Investments
 6 
5,002
5,002

  
198,528
206,827

Current assets
  

Debtors: amounts falling due within one year
 7 
1,054,511
594,596

Cash at bank and in hand
 8 
452,636
329,252

  
1,507,147
923,848

Creditors: amounts falling due within one year
 9 
(1,053,359)
(685,493)

Net current assets
  
 
 
453,788
 
 
238,355

Total assets less current liabilities
  
652,316
445,182

Provisions for liabilities
  

Deferred tax
 11 
(2,885)
(10,262)

  
 
 
(2,885)
 
 
(10,262)

Net assets
  
649,431
434,920


Capital and reserves
  

Called up share capital 
 12 
98
98

Capital Redemption Reserve
  
2
2

Profit and loss account
  
649,331
434,820

  
649,431
434,920


Page 1

 
CAROLINE BAKER FAMILY OFFICE LIMITED
REGISTERED NUMBER: 06254698
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 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 by: 




C L Baker
Director

Date: 27 March 2025

The notes on pages 4 to 13 form part of these financial statements.

Page 2

 
CAROLINE BAKER FAMILY OFFICE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 April 2022
98
2
64,859
64,959


Comprehensive income for the year

Profit for the year
-
-
617,008
617,008


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(247,047)
(247,047)



At 1 April 2023
98
2
434,820
434,920


Comprehensive income for the year

Profit for the year
-
-
800,757
800,757


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(586,246)
(586,246)


At 31 March 2024
98
2
649,331
649,431


The notes on pages 4 to 13 form part of these financial statements.

Page 3

 
CAROLINE BAKER FAMILY OFFICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Caroline Baker Family Office Limited ("the company") is a private company, limited by shares, incorporated in England and Wales with registration number 06254698. The registered office address is Unit 32 Chelsea Wharf, 15 Lots Road, London, UK, SW10 0QJ.

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

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

 
2.3

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.

Page 4

 
CAROLINE BAKER FAMILY OFFICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

Page 5

 
CAROLINE BAKER FAMILY OFFICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

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.

 Amortisation is provided on the following bases:

Development expenditure
-
10%
Computer software
-
33%

 
2.10

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 6

 
CAROLINE BAKER FAMILY OFFICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

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:

Motor vehicles
-
25%
Fixtures and fittings
-
25%
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.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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, loans to related parties and investments in ordinary shares.

 
2.16

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.

Page 7

 
CAROLINE BAKER FAMILY OFFICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 74 (2023 - 59).


4.


Intangible assets




Development expenditure
Computer software
Total

£
£
£



Cost


At 1 April 2023
75,000
33,910
108,910


Additions
-
51,590
51,590



At 31 March 2024

75,000
85,500
160,500



Amortisation


At 1 April 2023
43,750
25,432
69,182


Charge for the year on owned assets
7,500
17,075
24,575



At 31 March 2024

51,250
42,507
93,757



Net book value



At 31 March 2024
23,750
42,993
66,743



At 31 March 2023
31,250
8,478
39,728



Page 8

 
CAROLINE BAKER FAMILY OFFICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
10,495
10,757
76,203
172,924
270,379


Additions
2,851
4,717
7,393
4,512
19,473



At 31 March 2024

13,346
15,474
83,596
177,436
289,852



Depreciation


At 1 April 2023
10,495
10,757
58,209
28,821
108,282


Charge for the year on owned assets
594
494
11,117
42,582
54,787



At 31 March 2024

11,089
11,251
69,326
71,403
163,069



Net book value



At 31 March 2024
2,257
4,223
14,270
106,033
126,783



At 31 March 2023
-
-
17,994
144,103
162,097

Page 9

 
CAROLINE BAKER FAMILY OFFICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 April 2023
5,002



At 31 March 2024
5,002





7.


Debtors

2024
2023
£
£


Trade debtors
880,502
512,299

Amounts owed by group undertakings
100,000
5,000

Other debtors
60,065
59,786

Prepayments and accrued income
13,944
17,511

1,054,511
594,596



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
452,636
329,252

452,636
329,252


Page 10

 
CAROLINE BAKER FAMILY OFFICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
32,500

Trade creditors
69,468
19,332

Amounts owed to group undertakings
83,231
-

Corporation tax
144,411
100,192

Other taxation and social security
473,888
380,871

Other creditors
149,675
46,864

Accruals and deferred income
132,686
105,734

1,053,359
685,493



10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
452,636
329,252




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 11

 
CAROLINE BAKER FAMILY OFFICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Deferred taxation




2024


£






At beginning of year
(10,262)


Charged to profit or loss
7,377



At end of year
(2,885)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,885)
(10,262)


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



9,800 (2023 - 9,800) Ordinary A shares of £0.01 (2023 - £0.01 each)
98
98



13.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £13,822 (2023 - £8,003) were payable to the fund at 31 March 2024.


14.


Commitments under operating leases

At 31 March 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
76,590
71,064

Later than 1 year and not later than 5 years
102,920
300,207

Later than 5 years
-
164,580

179,510
535,851

Page 12

 
CAROLINE BAKER FAMILY OFFICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

15.


Controlling party

In the opinion of the directors the company is controlled by C L Baker by virtue of her shareholding.

 
Page 13