Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312025-05-27true32023-09-01falseNo description of principal activity3falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10908769 2023-09-01 2024-08-31 10908769 2022-09-01 2023-08-31 10908769 2024-08-31 10908769 2023-08-31 10908769 c:Director1 2023-09-01 2024-08-31 10908769 c:Director2 2023-09-01 2024-08-31 10908769 c:Director3 2023-09-01 2024-08-31 10908769 d:CurrentFinancialInstruments 2024-08-31 10908769 d:CurrentFinancialInstruments 2023-08-31 10908769 d:Non-currentFinancialInstruments 2024-08-31 10908769 d:Non-currentFinancialInstruments 2023-08-31 10908769 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10908769 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10908769 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 10908769 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10908769 d:ShareCapital 2024-08-31 10908769 d:ShareCapital 2023-08-31 10908769 d:RetainedEarningsAccumulatedLosses 2024-08-31 10908769 d:RetainedEarningsAccumulatedLosses 2023-08-31 10908769 c:OrdinaryShareClass1 2023-09-01 2024-08-31 10908769 c:OrdinaryShareClass1 2024-08-31 10908769 c:OrdinaryShareClass1 2023-08-31 10908769 c:FRS102 2023-09-01 2024-08-31 10908769 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10908769 c:FullAccounts 2023-09-01 2024-08-31 10908769 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10908769 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 10908769









FRANCIS L JAMES AND PARTNERS LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
FRANCIS L JAMES AND PARTNERS LTD
REGISTERED NUMBER: 10908769

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors
 5 
3
3

Cash at bank and in hand
  
363
416

  
366
419

Creditors: amounts falling due within one year
 6 
(80,032)
(71,787)

Net current liabilities
  
 
 
(79,666)
 
 
(71,368)

Total assets less current liabilities
  
(79,666)
(71,368)

Creditors: amounts falling due after more than one year
 7 
(4,092)
(9,212)

  

Net liabilities
  
(83,758)
(80,580)


Capital and reserves
  

Called up share capital 
 8 
3
3

Profit and loss account
  
(83,761)
(80,583)

  
(83,758)
(80,580)


Page 1

 
FRANCIS L JAMES AND PARTNERS LTD
REGISTERED NUMBER: 10908769

BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

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 year 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 profit and loss account 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 27 May 2025.




D J Cooke
S J LeGood
Director
Director



I F Newman
Director




The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FRANCIS L JAMES AND PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Francis L James and Partners Ltd is a private company limited by shares, incorporated in England and Wales, with a company registration number of 10908769. The address of the registered office is Kingsley House, 2a Upper King Street, Norwich, NR3 1HA.

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

The financial statements have been prepared on a going concern basis, despite the net liabilities of £83,758 (2023 £80,580), due to the continued support of the company directors.
The company was adversely affected by restrictions imposed by the UK Government in response to the COVID-19 pandemic in 2020 and 2021, which resulted in a complete loss of income for the company, and the company has paused its projects since. The directors consider that the resources available to the company will be sufficient for it to be able to continue as a going concern and have considered a period of at least 12 months from the balance sheet approval date of the financial statements. The financial statements do not contain any adjustments that would be required if the company were not able to continue as a going concern.

 
2.3

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.

 
2.4

Borrowing costs

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

 
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

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.

Page 3

 
FRANCIS L JAMES AND PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

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.

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.

Basic 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.


3.


Employees

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

Page 4

 
FRANCIS L JAMES AND PARTNERS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Factors that may affect future tax charges

The company has tax losses of £83,761 (2023 £80,583) available for set-off against future trading profits.


5.


Debtors

2024
2023
£
£



Called up share capital not paid
3
3



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,025
4,925

Other creditors
71,982
65,482

Accruals
3,025
1,380

80,032
71,787



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,092
9,212



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



3 (2023 - 3) Ordinary shares of £1.00 each
3
3



9.


Related party transactions

Included in other creditors, within amounts falling due within one year, are loans of £71,982 (2023 £65,482) due to two partnerships in which the company directors are also partners.


Page 5