Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2023-07-01false33true 12735853 2023-07-01 2024-06-30 12735853 2022-07-01 2023-06-30 12735853 2024-06-30 12735853 2023-06-30 12735853 1 2023-07-01 2024-06-30 12735853 d:Director1 2023-07-01 2024-06-30 12735853 d:Director2 2023-07-01 2024-06-30 12735853 d:Director4 2023-07-01 2024-06-30 12735853 d:RegisteredOffice 2023-07-01 2024-06-30 12735853 c:ComputerEquipment 2023-07-01 2024-06-30 12735853 c:ComputerEquipment 2024-06-30 12735853 c:ComputerEquipment 2023-06-30 12735853 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12735853 c:CurrentFinancialInstruments 2024-06-30 12735853 c:CurrentFinancialInstruments 2023-06-30 12735853 c:CurrentFinancialInstruments c:WithinOneYear 2024-06-30 12735853 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 12735853 c:ShareCapital 2024-06-30 12735853 c:ShareCapital 2023-06-30 12735853 c:RetainedEarningsAccumulatedLosses 2024-06-30 12735853 c:RetainedEarningsAccumulatedLosses 2023-06-30 12735853 d:FRS102 2023-07-01 2024-06-30 12735853 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12735853 d:FullAccounts 2023-07-01 2024-06-30 12735853 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 12735853







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


HOWLER INTERNATIONAL LIMITED



































img0084.png                        




 


HOWLER INTERNATIONAL LIMITED
 


 
COMPANY INFORMATION


Directors
S A Evian 
B S Hennessy 
C D R Reeves 




Registered number
12735853



Registered office
4th Floor
95 Gresham Street

London

EC2V 7AB




Accountants
Menzies LLP
Chartered Accountants

95 Gresham Street

London

EC2V 7AB





 


HOWLER INTERNATIONAL LIMITED
REGISTERED NUMBER:12735853



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
70,702
129,324

  
70,702
129,324

Current assets
  

Stocks
  
25,927
18,571

Debtors: amounts falling due within one year
 5 
817,571
700,547

Cash at bank and in hand
  
155,140
595,852

  
998,638
1,314,970

Creditors: amounts falling due within one year
 6 
(2,134,913)
(1,996,563)

Net current liabilities
  
 
 
(1,136,275)
 
 
(681,593)

Total assets less current liabilities
  
(1,065,573)
(552,269)

  

Net liabilities
  
(1,065,573)
(552,269)


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
(1,065,583)
(552,279)

  
(1,065,573)
(552,269)

Page 1

 


HOWLER INTERNATIONAL LIMITED
REGISTERED NUMBER:12735853


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 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: 




B S Hennessy
Director

Date: 31 March 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


HOWLER INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Howler International Limited is a private company, limited by shares, registered in England & Wales, company registration number 12735853. The registered office is disclosed on the company information page.

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

As of the balance sheet date, the company was in a net current liability position. The company is supported through loans from the parent company, which has agreed to continue this support for the next 12 months to enable the company to meet its liabilities as they become due.
Following the loss of the company's main customer after the year-end, the directors have refocused their efforts to ensure the company can continue trading. Therefore, the directors believe that the accounts should be prepared on a going concern basis.

 
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.

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'.

  
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 generated by providing ticketing solutions to event companies and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Page 3

 


HOWLER INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

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:

Computer equipment
-
3 years 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.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 4

 


HOWLER INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 July 2023
181,050


Additions
665



At 30 June 2024

181,715



Depreciation


At 1 July 2023
51,726


Charge for the year on owned assets
59,287



At 30 June 2024

111,013



Net book value



At 30 June 2024
70,702



At 30 June 2023
129,324


5.


Debtors

2024
2023
£
£


Trade debtors
239,854
118,315

Other debtors
381,806
388,940

Prepayments and accrued income
195,911
193,292

817,571
700,547


Page 5

 


HOWLER INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
656,330
265,814

Amounts owed to group undertakings
1,213,474
722,400

Other creditors
244,611
1,002,849

Accruals and deferred income
20,498
5,500

2,134,913
1,996,563



7.


Post balance sheet events

After the year end the company’s main client breached the agreement in place between the companies and stopped trading. The debtors at the year end have been paid in full and no adjustment has been made in these accounts for the cessation of the relationship.


8.


Controlling party

The parent company is Afeleton Proprietary Limited located at Oxford Gate Hyde park, Lane office park, Johannesburg, South Africa, 2196.

 
Page 6