Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31false2023-08-01No description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03601908 2023-08-01 2024-07-31 03601908 2022-08-01 2023-07-31 03601908 2024-07-31 03601908 2023-07-31 03601908 c:Director1 2023-08-01 2024-07-31 03601908 d:Buildings 2023-08-01 2024-07-31 03601908 d:Buildings 2024-07-31 03601908 d:Buildings 2023-07-31 03601908 d:LandBuildings 2024-07-31 03601908 d:LandBuildings 2023-07-31 03601908 d:CurrentFinancialInstruments 2024-07-31 03601908 d:CurrentFinancialInstruments 2023-07-31 03601908 d:Non-currentFinancialInstruments 2024-07-31 03601908 d:Non-currentFinancialInstruments 2023-07-31 03601908 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 03601908 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 03601908 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 03601908 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 03601908 d:ShareCapital 2024-07-31 03601908 d:ShareCapital 2023-07-31 03601908 d:RetainedEarningsAccumulatedLosses 2024-07-31 03601908 d:RetainedEarningsAccumulatedLosses 2023-07-31 03601908 d:OtherDeferredTax 2024-07-31 03601908 d:OtherDeferredTax 2023-07-31 03601908 c:FRS102 2023-08-01 2024-07-31 03601908 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03601908 c:FullAccounts 2023-08-01 2024-07-31 03601908 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03601908 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure



Company Registration No. 03601908 (England and Wales)







CHIVERMART LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2024




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
CHIVERMART LIMITED
REGISTERED NUMBER:03601908

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
  
1,250,000
1,250,000

  
1,250,000
1,250,000

Current assets
  

Cash at bank and in hand
  
7,415
9,762

  
7,415
9,762

Creditors: amounts falling due within one year
  
(135,037)
(123,830)

Net current liabilities
  
 
 
(127,622)
 
 
(114,068)

Total assets less current liabilities
  
1,122,378
1,135,932

Creditors: amounts falling due after more than one year
  
(246,525)
(254,816)

Provisions for liabilities
  

Deferred tax
  
(125,156)
(125,156)

  
 
 
(125,156)
 
 
(125,156)

Net assets
  
750,697
755,960


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
750,695
755,958

  
750,697
755,960


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 25 April 2025.

1 -

 
CHIVERMART LIMITED
REGISTERED NUMBER:03601908
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024




___________________________
Andrew Towns-wadey
Director

The notes on pages 3 to 7 form part of these financial statements.

2 -

 
CHIVERMART LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Chivermart Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03601908. The registered office is Rosehill, Wood Lane, Stanmore, Middlesex, HA7 4JX. 

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.


3.


Going Concern Disclosure

At 31 July 2024 the company had a net current liabilities of £128,141 ( 2023 £114,068). The company is dependent on the ongoing financial support of its director by way of a current account balances of £85,060 (2023 £85,060). The director has indicated that he will not demand repayment of the balance due to him until working capital so permits and will continue to provide support to the company to enable to meet all ongoing financial obligations, including the instalments on the bank loan. Accordingly, these accounts have been prepared on a going concern basis.

 
3.1

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.

 
3.2

Borrowing costs

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

3 -

 
CHIVERMART LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
3.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
3.4

Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yeilds for comparable real estate, adjusted if necessary for any difference in nature, location or condition of the specific asset. No depreciation is provided for.Changes in fair value are recognised in the profit and loss account.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, SELECT OR ENTER METHOD.

Depreciation is provided on the following basis:

Freehold property
-
Nil

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.

 
3.5

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.

4 -

 
CHIVERMART LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
3.6

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.

 
3.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


4.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Director
2
2


5.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 August 2023
1,250,000



At 31 July 2024

1,250,000






Net book value



At 31 July 2024
1,250,000

5 -

 
CHIVERMART LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

           5.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
1,250,000
1,250,000

1,250,000
1,250,000



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
33,600
33,600

Amounts owed to related undertakings
1,901
1,901

Corporation tax
-
519

Other creditors
85,060
85,060

Accruals and deferred income
14,476
2,750

135,037
123,830



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
246,525
254,816

246,525
254,816



8.


Deferred taxation




2024


£






At beginning of year
(125,156)



At end of year
(125,156)

6 -

 
CHIVERMART LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Deferred tax
(125,156)
(125,156)

(125,156)
(125,156)

 
7 -