Caseware UK (AP4) 2024.0.164 2024.0.164 22023-08-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false NI694299 2023-08-01 2024-07-31 NI694299 2023-02-07 2023-07-31 NI694299 2024-07-31 NI694299 2023-07-31 NI694299 1 2023-08-01 2024-07-31 NI694299 d:Director2 2023-08-01 2024-07-31 NI694299 c:CurrentFinancialInstruments 2024-07-31 NI694299 c:CurrentFinancialInstruments 2023-07-31 NI694299 c:ShareCapital 2024-07-31 NI694299 c:ShareCapital 2023-07-31 NI694299 c:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 NI694299 c:RetainedEarningsAccumulatedLosses 2024-07-31 NI694299 c:RetainedEarningsAccumulatedLosses 2023-07-31 NI694299 d:OrdinaryShareClass1 2023-08-01 2024-07-31 NI694299 d:OrdinaryShareClass1 2024-07-31 NI694299 d:OrdinaryShareClass1 2023-07-31 NI694299 d:FRS102 2023-08-01 2024-07-31 NI694299 d:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 NI694299 d:FullAccounts 2023-08-01 2024-07-31 NI694299 d:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 NI694299 6 2023-08-01 2024-07-31 NI694299 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: NI694299










Lydian Holdings Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the period ended 31 July 2024

 
Lydian Holdings Ltd
Registered number: NI694299

Balance sheet
As at 31 July 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
2
2

  
2
2

Current assets
  

Debtors: amounts falling due within one year
 6 
2
2

Cash at bank and in hand
 7 
2,499,990
1,999,990

  
2,499,992
1,999,992

Total assets less current liabilities
  
 
 
2,499,994
 
 
1,999,994

  

Net assets
  
2,499,994
1,999,994


Capital and reserves
  

Called up share capital 
 8 
4
4

Profit and loss account
 9 
2,499,990
1,999,990

Shareholders' funds
  
2,499,994
1,999,994


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 on 14 March 2025.


Pierre Gerard Burns
Director

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

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Page 1

 
Lydian Holdings Ltd
 

 
Notes to the financial statements
For the period ended 31 July 2024

1.


General information

Lydian Holdings Ltd is a private company limited by shares and incorporated in Northern Ireland. The address of the registered office is 33 Main Street, Newcastle, County Down, Northern Ireland, BT33 0AD.  The company's principal activity for the year was that of a holding company. 

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The directors have a reasonable expectation that the company has adequate resources available to it to continue operations for the forseeable future and, accordingly, the directors continue to adopt the going concern basis in preparing the financial statements. 

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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.

 
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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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Lydian Holdings Ltd
 

 
Notes to the financial statements
For the period ended 31 July 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.8

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.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Management were not required to excercise any judgement in order to apply the above accounting policies.  All figures in the primary statements are fully supportable and no estimation techniques were used.

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Page 3

 
Lydian Holdings Ltd
 

 
Notes to the financial statements
For the period ended 31 July 2024

4.


Employees

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


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2023
2



At 31 July 2024
2





6.


Debtors

2024
2023
£
£


Other debtors
2
2

2
2



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,499,990
1,999,990

2,499,990
1,999,990


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Page 4

 
Lydian Holdings Ltd
 

 
Notes to the financial statements
For the period ended 31 July 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



4 (2023 - 4) Ordinary shares of £1.00 each
4
4



9.


Reserves

Profit and loss account

This reserve represents the cumulative retained profit of the company. 


10.


Related party transactions

The company has availed of the exemption in FRS 102 Section 33, Paragraph 33.1A which allows non-disclosure of transactions between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member. 


11.


Post balance sheet events

There have been no significant events affecting the Company since the end of the financial year.


12.


Controlling party

The company is controlled by the directors. 

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