Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312025-05-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12023-06-01falseNo description of principal activity3falsetrue 03772950 2023-06-01 2024-05-31 03772950 2022-06-01 2023-05-31 03772950 2024-05-31 03772950 2023-05-31 03772950 c:CompanySecretary1 2023-06-01 2024-05-31 03772950 c:Director1 2023-06-01 2024-05-31 03772950 c:Director3 2023-06-01 2024-05-31 03772950 c:RegisteredOffice 2023-06-01 2024-05-31 03772950 d:CurrentFinancialInstruments 2024-05-31 03772950 d:CurrentFinancialInstruments 2023-05-31 03772950 d:Non-currentFinancialInstruments 2024-05-31 03772950 d:Non-currentFinancialInstruments 2023-05-31 03772950 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 03772950 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 03772950 d:ShareCapital 2024-05-31 03772950 d:ShareCapital 2023-05-31 03772950 d:RetainedEarningsAccumulatedLosses 2024-05-31 03772950 d:RetainedEarningsAccumulatedLosses 2023-05-31 03772950 c:OrdinaryShareClass1 2023-06-01 2024-05-31 03772950 c:OrdinaryShareClass1 2024-05-31 03772950 c:OrdinaryShareClass1 2023-05-31 03772950 c:FRS102 2023-06-01 2024-05-31 03772950 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03772950 c:FullAccounts 2023-06-01 2024-05-31 03772950 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03772950 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03772950









CREDIT ENHANCEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
CREDIT ENHANCEMENT LIMITED
 
 
COMPANY INFORMATION


Directors
J C Constable 
HW Directors Ltd 




Company secretary
RJP Secretaries Ltd



Registered number
03772950



Registered office
4th Floor
24 Old Bond Street Mayfair

London

W1S 4AW





 
CREDIT ENHANCEMENT LIMITED
REGISTERED NUMBER: 03772950

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due after more than one year
 4 
8,324,542
5,060,000

Debtors: amounts falling due within one year
 4 
4,343,167
4,261,628

Cash at bank and in hand
 5 
1,099
1,181

  
12,668,808
9,322,809

Creditors: amounts falling due within one year
 6 
(8,483,078)
(5,136,997)

Net current assets
  
 
 
4,185,730
 
 
4,185,812

Total assets less current liabilities
  
4,185,730
4,185,812

  

Net assets
  
4,185,730
4,185,812


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
4,185,729
4,185,811

Shareholders's funds
  
4,185,730
4,185,812


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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
CREDIT ENHANCEMENT LIMITED
REGISTERED NUMBER: 03772950
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




HW Directors Ltd
Director

Date: 28 May 2025

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

Page 2

 
CREDIT ENHANCEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Credit Enhancement Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

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:

 
2.3

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.

 
2.4

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 from banks and other third parties and loans to related parties.

(i) Financial assets
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in Statement of Comprehensive Income.
 
Page 3

 
CREDIT ENHANCEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.4
Financial instruments (continued)


(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 3).


4.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
8,324,542
5,060,000


2024
2023
£
£

Due within one year

Amounts owed by group undertakings
4,188,681
4,188,681

Prepayments and accrued income
154,486
72,947

4,343,167
4,261,628


Page 4

 
CREDIT ENHANCEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,099
1,181



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
8,324,542
5,060,000

Corporation tax
3,400
3,400

Other creditors
154,486
72,947

Accruals and deferred income
650
650

8,483,078
5,136,997



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


 
Page 5