Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-302023-05-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08482876 2023-05-01 2024-04-30 08482876 2022-05-01 2023-04-30 08482876 2024-04-30 08482876 2023-04-30 08482876 c:Director1 2023-05-01 2024-04-30 08482876 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-04-30 08482876 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-04-30 08482876 d:CurrentFinancialInstruments 2024-04-30 08482876 d:CurrentFinancialInstruments 2023-04-30 08482876 d:Non-currentFinancialInstruments 2024-04-30 08482876 d:Non-currentFinancialInstruments 2023-04-30 08482876 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08482876 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08482876 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 08482876 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 08482876 d:ShareCapital 2024-04-30 08482876 d:ShareCapital 2023-04-30 08482876 d:SharePremium 2024-04-30 08482876 d:SharePremium 2023-04-30 08482876 d:RetainedEarningsAccumulatedLosses 2024-04-30 08482876 d:RetainedEarningsAccumulatedLosses 2023-04-30 08482876 c:FRS102 2023-05-01 2024-04-30 08482876 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08482876 c:FullAccounts 2023-05-01 2024-04-30 08482876 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08482876 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-05-01 2024-04-30 08482876 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 08482876









THREE HEADED EAGLE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
THREE HEADED EAGLE LIMITED
REGISTERED NUMBER: 08482876

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
502
670

  
502
670

Current assets
  

Debtors: amounts falling due within one year
 5 
894
462,867

Cash at bank and in hand
 6 
5
243

  
899
463,110

Creditors: amounts falling due within one year
 7 
(33,020)
(487,812)

Net current liabilities
  
 
 
(32,121)
 
 
(24,702)

Total assets less current liabilities
  
(31,619)
(24,032)

Creditors: amounts falling due after more than one year
 8 
(600)
(1,000)

  

Net liabilities
  
(32,219)
(25,032)


Capital and reserves
  

Called up share capital 
  
2,850
2,850

Share premium account
  
133,650
133,650

Profit and loss account
  
(168,719)
(161,532)

  
(32,219)
(25,032)


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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
THREE HEADED EAGLE LIMITED
REGISTERED NUMBER: 08482876
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 April 2025.


D Molyneux
Director

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

Page 2

 
THREE HEADED EAGLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Three Headed Eagle Limited is a private company limited by shares and incorporated in England & Wales. The registered office address is 124 Finchley Road, London, NW3 5JS and the principle place of business address is 29A Agate Road, Hammersmith, London, W6 0AJ.

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

At the reporting date the company had net liabilities of £32,219 and is dependent on the support of its director who has confirmed his intention to support the company. As a result the director believe it is appropriate to prepare the accounts on the going concern basis. The financial  statements  do  not  include  adjustments  that would result from the withdrawal of this financial support.

 
2.3

Revenue

Revenue comprises distribution revenue receivable and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due.
Where revenue received exceeds costs incurred to date and profits are not anticipated, the balance is treated as deferred income and held on the Statement of Financial Position until further costs are incurred or profits anticipated. At this point the deferred income is released to the Statement of Income and Retained Earnings.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.6

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.

Page 3

 
THREE HEADED EAGLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans to related parties.

 
2.8

Creditors

Short term creditors are measured at the transaction price, less any impairment.

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.10

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'.

 
2.11

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
THREE HEADED EAGLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. 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.
The Company is eligible to claim a tax credit on video game production costs. The tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanceable expenditure and carries losses arising from total net costs forward against future profits.


3.


Employees

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


4.


Intangible assets




Trademarks

£



Cost


At 1 May 2023
1,675



At 30 April 2024

1,675



Amortisation


At 1 May 2023
1,005


Charge for the year on owned assets
168



At 30 April 2024

1,173



Net book value



At 30 April 2024
502



At 30 April 2023
670



Page 5

 
THREE HEADED EAGLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
335

Other debtors
894
462,532

894
462,867



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5
243

5
243



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
400
399

Trade creditors
8,351
472,582

Other creditors
21,769
11,356

Accruals and deferred income
2,500
3,475

33,020
487,812



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
600
1,000

600
1,000



9.


Controlling party

The company is controlled by D Molyneux by virtue of his shareholding in the company.

 
Page 6