Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31true2No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12023-08-01falsefalsefalse 12111433 2023-08-01 2024-07-31 12111433 2022-08-01 2023-07-31 12111433 2024-07-31 12111433 2023-07-31 12111433 c:Director1 2023-08-01 2024-07-31 12111433 d:OfficeEquipment 2023-08-01 2024-07-31 12111433 d:OfficeEquipment 2024-07-31 12111433 d:OfficeEquipment 2023-07-31 12111433 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12111433 d:CurrentFinancialInstruments 2024-07-31 12111433 d:CurrentFinancialInstruments 2023-07-31 12111433 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12111433 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12111433 d:ShareCapital 2024-07-31 12111433 d:ShareCapital 2023-07-31 12111433 d:RetainedEarningsAccumulatedLosses 2024-07-31 12111433 d:RetainedEarningsAccumulatedLosses 2023-07-31 12111433 c:OrdinaryShareClass1 2023-08-01 2024-07-31 12111433 c:OrdinaryShareClass1 2024-07-31 12111433 c:OrdinaryShareClass1 2023-07-31 12111433 c:FRS102 2023-08-01 2024-07-31 12111433 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12111433 c:FullAccounts 2023-08-01 2024-07-31 12111433 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12111433 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 12111433














SNOW KNIGHT INVESTMENTS LTD
UNAUDTIED 
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
SNOW KNIGHT INVESTMENTS LTD
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5


 
SNOW KNIGHT INVESTMENTS LTD
REGISTERED NUMBER:12111433

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
839
-

Current assets
  

Debtors: amounts falling due within one year
 5 
100
1

Cash at bank and in hand
  
23,794
-

  
23,894
1

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(130,923)
-

Net current (liabilities)/assets
  
 
 
(107,029)
 
 
1

  

Net (liabilities)/assets
  
(106,190)
1


Capital and reserves
  

Called up share capital 
 7 
100
1

Profit and loss account
  
(106,290)
-

  
(106,190)
1


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 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 31 March 2025.




J Hughes Mulligan
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
SNOW KNIGHT INVESTMENTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Snow Knight Investments Limited is a limited liability company registered in England and Wales. Its registered office address is at 8 Junction Mews, London, W2 1PN.
The principal activity of the Company during the year was providing Consultancy services. 
The financial statements are presented in £ sterling, which is the functional currency of the Company.  
 The Company started trading on 1 August 2023.

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

The Company made a loss for the year and at the balance sheet date has net current liabilities and net liabilities. The Directors have obtained assurance from the shareholders that funds will be made available to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under going concern on this basis. 

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied in the year exclusive of trade discounts and excluding Value Added Tax. Revenue is recognised at the point the service is provided. 

 
2.4

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 reporting date in the countries where the Company operates and generates income.


 
2.5

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 2

 
SNOW KNIGHT INVESTMENTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.5
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%

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.

 
2.6

Basis Financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to related parties. 
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties. 
Cash and cash equivalents comprise cash balances and call deposits.



3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).

Page 3

 
SNOW KNIGHT INVESTMENTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,119



At 31 July 2024

1,119



Depreciation


Charge for the year on owned assets
280



At 31 July 2024

280



Net book value



At 31 July 2024
839



At 31 July 2023
-


5.


Debtors

2024
2023
£
£


Other debtors
100
1



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
23,920
-

Other creditors
91,999
-

Accruals and deferred income
15,004
-

130,923
-


Page 4

 
SNOW KNIGHT INVESTMENTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 1) Ordinary shares of £1 each
100
1


On 13 November 2023 99 Ordinary shares of £1 each were issued for £99. 


8.


Related party transactions

As at the year end,  the Company owed £92,000 to entities under common directorship included within other creditors.

 
Page 5