Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-312023-08-01truefalseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13522334 2023-08-01 2024-07-31 13522334 2022-08-01 2023-07-31 13522334 2024-07-31 13522334 2023-07-31 13522334 c:Director1 2023-08-01 2024-07-31 13522334 d:MotorVehicles 2023-08-01 2024-07-31 13522334 d:MotorVehicles 2024-07-31 13522334 d:MotorVehicles 2023-07-31 13522334 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 13522334 d:OfficeEquipment 2023-08-01 2024-07-31 13522334 d:OfficeEquipment 2024-07-31 13522334 d:OfficeEquipment 2023-07-31 13522334 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 13522334 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 13522334 d:CurrentFinancialInstruments 2024-07-31 13522334 d:CurrentFinancialInstruments 2023-07-31 13522334 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 13522334 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 13522334 d:ShareCapital 2024-07-31 13522334 d:ShareCapital 2023-07-31 13522334 d:RetainedEarningsAccumulatedLosses 2024-07-31 13522334 d:RetainedEarningsAccumulatedLosses 2023-07-31 13522334 c:OrdinaryShareClass1 2023-08-01 2024-07-31 13522334 c:OrdinaryShareClass1 2024-07-31 13522334 c:OrdinaryShareClass1 2023-07-31 13522334 c:OrdinaryShareClass2 2023-08-01 2024-07-31 13522334 c:OrdinaryShareClass2 2024-07-31 13522334 c:OrdinaryShareClass2 2023-07-31 13522334 c:OrdinaryShareClass3 2023-08-01 2024-07-31 13522334 c:OrdinaryShareClass3 2024-07-31 13522334 c:OrdinaryShareClass3 2023-07-31 13522334 c:OrdinaryShareClass4 2023-08-01 2024-07-31 13522334 c:OrdinaryShareClass4 2024-07-31 13522334 c:OrdinaryShareClass4 2023-07-31 13522334 c:FRS102 2023-08-01 2024-07-31 13522334 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13522334 c:FullAccounts 2023-08-01 2024-07-31 13522334 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13522334 2 2023-08-01 2024-07-31 13522334 6 2023-08-01 2024-07-31 13522334 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13522334









OBSIDIAN LONDON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
OBSIDIAN LONDON LIMITED
REGISTERED NUMBER: 13522334

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
23,408
26,182

Investments
 5 
419,277
283,685

  
442,685
309,867

Current assets
  

Debtors: amounts falling due within one year
 6 
101,004
80,243

Cash at bank and in hand
 7 
41,560
109,576

  
142,564
189,819

Creditors: amounts falling due within one year
 8 
(74,385)
(100,090)

Net current assets
  
 
 
68,179
 
 
89,729

Total assets less current liabilities
  
510,864
399,596

  

Net assets
  
510,864
399,596


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
510,764
399,496

  
510,864
399,596


Page 1

 
OBSIDIAN LONDON LIMITED
REGISTERED NUMBER: 13522334
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

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 comprehensive income 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: 




D J Kirkby
Director

Date: 27 March 2025

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

Page 2

 
OBSIDIAN LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Obsidian London Limited is a private company limited by shares and incorporated in England & Wales (registered number 13522334). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

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 Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
OBSIDIAN LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 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

Interest income

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

 
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 balance sheet date in the countries where the Company operates and generates income.


 
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.

Page 4

 
OBSIDIAN LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.6
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:

Motor vehicles
-
25%
Reducing balance basis
Office equipment
-
25%
Reducing balance basis

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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 5

 
OBSIDIAN LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.11

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

2024
£

Wages and salaries
12,000

12,000


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 August 2023
30,695
3,162
33,857


Additions
-
4,411
4,411



At 31 July 2024

30,695
7,573
38,268



Depreciation


At 1 August 2023
7,321
354
7,675


Charge for the year on owned assets
5,844
1,341
7,185



At 31 July 2024

13,165
1,695
14,860



Net book value



At 31 July 2024
17,530
5,878
23,408



At 31 July 2023
23,374
2,808
26,182

Page 6

 
OBSIDIAN LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 August 2023
283,685
-
283,685


Additions
-
100,000
100,000


Revaluations
35,592
-
35,592



At 31 July 2024
319,277
100,000
419,277





6.


Debtors

2024
2023
£
£


Trade debtors
101,004
80,243

101,004
80,243



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
41,560
109,576

41,560
109,576



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
39,057
41,471

Other taxation and social security
11,584
5,056

Other creditors
23,744
53,563

74,385
100,090


Page 7

 
OBSIDIAN LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



5 (2023 - 5) Ordinary A shares of £1.00 each
5
5
5 (2023 - 5) Ordinary B shares of £1.00 each
5
5
45 (2023 - 45) Ordinary C shares of £1.00 each
45
45
45 (2023 - 45) Ordinary D shares of £1.00 each
45
45

100

100


 
Page 8