Caseware UK (AP4) 2023.0.135 2023.0.135 2019-11-302019-11-302018-12-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1No description of principal activity1falsetruefalse 05283454 2018-12-01 2019-11-30 05283454 2017-12-01 2018-11-30 05283454 2019-11-30 05283454 2018-11-30 05283454 c:Director1 2018-12-01 2019-11-30 05283454 d:Buildings 2018-12-01 2019-11-30 05283454 d:Buildings 2019-11-30 05283454 d:Buildings 2018-11-30 05283454 d:CurrentFinancialInstruments 2019-11-30 05283454 d:CurrentFinancialInstruments 2018-11-30 05283454 d:CurrentFinancialInstruments d:WithinOneYear 2019-11-30 05283454 d:CurrentFinancialInstruments d:WithinOneYear 2018-11-30 05283454 d:ShareCapital 2019-11-30 05283454 d:ShareCapital 2018-11-30 05283454 d:SharePremium 2019-11-30 05283454 d:SharePremium 2018-11-30 05283454 d:RetainedEarningsAccumulatedLosses 2019-11-30 05283454 d:RetainedEarningsAccumulatedLosses 2018-11-30 05283454 c:FRS102 2018-12-01 2019-11-30 05283454 c:AuditExempt-NoAccountantsReport 2018-12-01 2019-11-30 05283454 c:FullAccounts 2018-12-01 2019-11-30 05283454 c:PrivateLimitedCompanyLtd 2018-12-01 2019-11-30 05283454 e:PoundSterling 2018-12-01 2019-11-30 iso4217:GBP xbrli:pure

Registered number: 05283454










CASTLE ON A CLOUD LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2019

 
CASTLE ON A CLOUD LTD
REGISTERED NUMBER: 05283454

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2019

2019
Restated
2018
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,280,120
2,280,120

  
2,280,120
2,280,120

  

Creditors: amounts falling due within one year
 5 
(47,062)
(54,374)

Net current liabilities
  
 
 
(47,062)
 
 
(54,374)

Total assets less current liabilities
  
2,233,058
2,225,746

  

Net assets
  
2,233,058
2,225,746


Capital and reserves
  

Called up share capital 
  
2
2

Share premium account
  
2,249,999
2,249,999

Profit and loss account
  
(16,943)
(24,255)

  
2,233,058
2,225,746


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 her 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 15 April 2025.



A V L A Howard
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
CASTLE ON A CLOUD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2019

1.


General information

Castle on a Cloud Ltd, is a private company, limited by shares, registration number 05283454, incorporated in England and Wales. Its registered office address is 10 Queen Street Place, London, EC4R 1AG.

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

Comparatives

Comparative numbers for the year ended 30 November 2018 have been restated to split out share
premium account balance of £2,249,999 from Profit and Loss account balance as it has been
incorrectly included in one account in previously submitted financial statements.

 
2.3

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.

 
2.4

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.

 
2.5

Borrowing costs

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

Page 2

 
CASTLE ON A CLOUD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2019

2.Accounting policies (continued)

 
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 reporting 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following method.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated

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

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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2018 - 1).

Page 3

 
CASTLE ON A CLOUD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2019

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 December 2018
2,280,120



At 30 November 2019

2,280,120






Net book value



At 30 November 2019
2,280,120



At 30 November 2018
2,280,120


5.


Creditors: Amounts falling due within one year

2019
2018
£
£

Bank overdrafts
4,648
3,371

Corporation tax
4,583
2,897

Other creditors
35,431
45,706

Accruals
2,400
2,400

47,062
54,374



6.


Related party transactions

Included within other creditors is a loan of £35,430 (2018 - £45,706) due to a company director. The loan is interest free and repayable on demand.

Page 4