Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01falseNo description of principal activity11falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10245064 2023-07-01 2024-06-30 10245064 2022-07-01 2023-06-30 10245064 2024-06-30 10245064 2023-06-30 10245064 c:Director1 2023-07-01 2024-06-30 10245064 d:CurrentFinancialInstruments 2024-06-30 10245064 d:CurrentFinancialInstruments 2023-06-30 10245064 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10245064 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10245064 d:ShareCapital 2024-06-30 10245064 d:ShareCapital 2023-06-30 10245064 d:OtherMiscellaneousReserve 2024-06-30 10245064 d:OtherMiscellaneousReserve 2023-06-30 10245064 d:RetainedEarningsAccumulatedLosses 2024-06-30 10245064 d:RetainedEarningsAccumulatedLosses 2023-06-30 10245064 c:OrdinaryShareClass1 2023-07-01 2024-06-30 10245064 c:OrdinaryShareClass1 2024-06-30 10245064 c:OrdinaryShareClass1 2023-06-30 10245064 c:FRS102 2023-07-01 2024-06-30 10245064 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10245064 c:FullAccounts 2023-07-01 2024-06-30 10245064 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10245064 2 2023-07-01 2024-06-30 10245064 6 2023-07-01 2024-06-30 10245064 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 10245064 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 10245064 2 2024-06-30 10245064 2 2023-06-30 10245064 f:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10245064









485 CAPITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
485 CAPITAL LIMITED
REGISTERED NUMBER: 10245064

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
890,236
234,471

  
890,236
234,471

Current assets
  

Debtors: amounts falling due within one year
 5 
-
518,631

Cash at bank and in hand
  
55,177
244,775

  
55,177
763,406

Creditors: amounts falling due within one year
 6 
(771,298)
(845,204)

Net current liabilities
  
 
 
(716,121)
 
 
(81,798)

Total assets less current liabilities
  
174,115
152,673

Provisions for liabilities
  

Deferred tax
 7 
(39,097)
(36,914)

  
 
 
(39,097)
 
 
(36,914)

Net assets
  
135,018
115,759


Capital and reserves
  

Called up share capital 
 8 
100
100

Other reserves
  
117,292
110,744

Profit and loss account
  
17,626
4,915

  
135,018
115,759


Page 1

 
485 CAPITAL LIMITED
REGISTERED NUMBER: 10245064
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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: 




S Kark
Director

Date: 6 April 2025

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

Page 2

 
485 CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

485 Capital Limited is a private company limited by shares and incorporated in England and Wales (registered number: 10245064).  The 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

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.

 
2.3

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting 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.

 
2.4

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.

Page 3

 
485 CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

Interest income

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

 
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 reporting 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 reporting 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 reporting date.



3.


Employees

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

Page 4

 
485 CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 July 2023
234,471


Additions
647,034


Revaluations
8,731



At 30 June 2024
890,236






Net book value



At 30 June 2024
890,236



At 30 June 2023
234,471


5.


Debtors

2024
2023
£
£


Other debtors
-
516,131

Prepayments and accrued income
-
2,500

-
518,631



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,554
6,782

Corporation tax
4,142
-

Other taxation and social security
5,371
-

Other creditors
750,601
818,314

Accruals and deferred income
5,630
20,108

771,298
845,204



7.


Deferred taxation

Page 5

 
485 CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
 
7.Deferred taxation (continued)




2024


£






At beginning of year
(36,914)


Charged to profit or loss
(2,183)



At end of year
(39,097)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Unrealised gains on investments
(39,097)
(36,914)

(39,097)
(36,914)

Page 6

 
485 CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



9.


Controlling party

The company is controlled by the director.


10.


Related party transactions

Included in other creditors is an amount of £40,778 (2023: £108,488) due to the director.

 
Page 7