Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31No description of principal activity2023-08-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07127496 2023-08-01 2024-07-31 07127496 2022-08-01 2023-07-31 07127496 2024-07-31 07127496 2023-07-31 07127496 c:Director1 2023-08-01 2024-07-31 07127496 d:OfficeEquipment 2023-08-01 2024-07-31 07127496 d:OfficeEquipment 2024-07-31 07127496 d:OfficeEquipment 2023-07-31 07127496 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07127496 d:CurrentFinancialInstruments 2024-07-31 07127496 d:CurrentFinancialInstruments 2023-07-31 07127496 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 07127496 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07127496 d:ShareCapital 2024-07-31 07127496 d:ShareCapital 2023-07-31 07127496 d:RetainedEarningsAccumulatedLosses 2024-07-31 07127496 d:RetainedEarningsAccumulatedLosses 2023-07-31 07127496 c:FRS102 2023-08-01 2024-07-31 07127496 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07127496 c:FullAccounts 2023-08-01 2024-07-31 07127496 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07127496 2 2023-08-01 2024-07-31 07127496 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 07127496









CINEOLA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
CINEOLA LIMITED
REGISTERED NUMBER: 07127496

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
                                                                        Note
£
£

Fixed assets
  

Tangible assets
 4 
337
382

Stocks
  
121,771
120,854

Debtors: amounts falling due within one year
 5 
119,310
127,025

Cash at bank and in hand
 6 
89,897
82,709

  
330,978
330,588

Creditors: amounts falling due within one year
 7 
(22,420)
(17,792)

Net current assets
  
 
 
308,558
 
 
312,796

Net assets
  
308,895
313,178


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
308,894
313,177

  
308,895
313,178

Page 1

 
CINEOLA LIMITED
REGISTERED NUMBER: 07127496
    
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 on 3 April 2025.




................................................
M Johnson
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

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

1.


General information

Cineola Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales (registration number: 07127496). The company’s registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. 

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net asset position the director considers it appropriate to prepare the financial statements on a going concern basis.
Accordingly the director has continued to prepare the financial statements on the 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 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

 
CINEOLA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Interest income

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

 
2.6

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.


 
2.7

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

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

2.Accounting policies (continued)


2.7
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:

Office equipment
-
25%
Straight line method

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.

 
2.8

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 balance sheet 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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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 5

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

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 August 2023
3,060


Additions
426



At 31 July 2024

3,486



Depreciation


At 1 August 2023
2,678


Charge for the year on owned assets
471



At 31 July 2024

3,149



Net book value



At 31 July 2024
337



At 31 July 2023
382
Page 6

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

5.


Debtors

2024
2023
£
£


Trade debtors
6,078
13,926

Other debtors
112,915
112,404

Prepayments and accrued income
317
695

119,310
127,025



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
89,897
82,709



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
10,163
6,289

Corporation tax
-
822

Other creditors
842
1,219

Accruals and deferred income
11,415
9,462

22,420
17,792



8.


Related party transactions

Other creditors includes £74 (2023: £Nil) owed to the director.

 
Page 7