Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312023-07-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02254094 2023-07-01 2024-12-31 02254094 2022-07-01 2023-06-30 02254094 2024-12-31 02254094 2023-06-30 02254094 c:Director1 2023-07-01 2024-12-31 02254094 d:FurnitureFittings 2023-07-01 2024-12-31 02254094 d:FurnitureFittings 2024-12-31 02254094 d:FurnitureFittings 2023-06-30 02254094 d:CurrentFinancialInstruments 2024-12-31 02254094 d:CurrentFinancialInstruments 2023-06-30 02254094 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02254094 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02254094 d:ShareCapital 2024-12-31 02254094 d:ShareCapital 2023-06-30 02254094 c:FRS102 2023-07-01 2024-12-31 02254094 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-12-31 02254094 c:FullAccounts 2023-07-01 2024-12-31 02254094 c:PrivateLimitedCompanyLtd 2023-07-01 2024-12-31 02254094 e:PoundSterling 2023-07-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 02254094









ACKLODE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
ACKLODE LIMITED
REGISTERED NUMBER: 02254094

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

31 December
31 December
30 June
30 June
2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
1
523

  
1
523

Current assets
  

Debtors: amounts falling due within one year
 5 
13,626
76,954

Cash at bank and in hand
  
679,057
384,413

  
692,683
461,367

Creditors: amounts falling due within one year
 6 
(691,684)
(460,890)

Net current assets
  
 
 
999
 
 
477

  

Net assets
  
1,000
1,000


Capital and reserves
  

Called up share capital 
  
1,000
1,000

  
1,000
1,000


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 period 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 by: 


F D Rossi
Director

Date: 7 April 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
ACKLODE LIMITED
REGISTERED NUMBER: 02254094
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024


Page 2

 
ACKLODE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Acklode Limited is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.

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

Turnover represents income from public performances and ancillary activities together with royalties received.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover 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 turnover can be measured reliably;  and
it is probable that the company will receive the consideration due under the contract.



 
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.

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.

Page 3

 
ACKLODE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

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:

Musical and office equipment
-
33.33%

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.

 
2.5

Debtors

Short-term debtors are measured at 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.

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to third parties and loans to/from related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

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

Page 4

 
ACKLODE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Tangible fixed assets







Musical and office equipment

£



Cost


At 1 July 2023
128,236


Disposals
(117,156)



At 31 December 2024

11,080



Depreciation


At 1 July 2023
127,713


Disposals
(116,634)



At 31 December 2024

11,079



Net book value



At 31 December 2024
1



At 30 June 2023
523


5.


Debtors

31 December
30 June
2024
2023
£
£


Trade debtors
7,291
66,128

Other debtors
6,335
5,876

Prepayments and accrued income
-
4,950

13,626
76,954


Page 5

 
ACKLODE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

31 December
30 June
2024
2023
£
£

Trade creditors
15,370
95,400

Other taxation and social security
-
37,407

Other creditors
436,937
107,710

Accruals and deferred income
239,377
220,373

691,684
460,890



7.


Transactions with directors and related parties

Fees totalling £757,142 (2023: £116,045) were payable to  F Rossi, J Edwards, A Bown and the Estate of R Parfitt. In addition, Messrs F Rossi, J Edwards and A Bown advanced funds to the company totalling £1,252,121, of which £312,000 was repaid to them, whilst expenses totalling £621,564 were rechargeable at cost to them. The directors were also charged interest totalling £537 on funds advanced to them during the year. At the reporting date, the total amount owed to the directors and Estate of R Parfitt by the company was £647,327 (2023: £199,077).
The company had received a loan of £55,000 from a company with a common director to Acklode Limited. The loan was interest-free, unsecured and was repaid during the period so the amount owed to the company at the reporting date was £nil (2023: £55,000).

 
Page 6