Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-292The principal activity of the company continued to be that of artistic creation2023-09-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01271681 2023-09-01 2024-08-31 01271681 2022-09-01 2023-08-31 01271681 2024-08-31 01271681 2023-08-31 01271681 c:Director2 2023-09-01 2024-08-31 01271681 d:CurrentFinancialInstruments 2024-08-31 01271681 d:CurrentFinancialInstruments 2023-08-31 01271681 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 01271681 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 01271681 d:ShareCapital 2024-08-31 01271681 d:ShareCapital 2023-08-31 01271681 d:RetainedEarningsAccumulatedLosses 2024-08-31 01271681 d:RetainedEarningsAccumulatedLosses 2023-08-31 01271681 c:OrdinaryShareClass1 2023-09-01 2024-08-31 01271681 c:OrdinaryShareClass1 2024-08-31 01271681 c:OrdinaryShareClass1 2023-08-31 01271681 c:FRS102 2023-09-01 2024-08-31 01271681 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 01271681 c:FullAccounts 2023-09-01 2024-08-31 01271681 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 01271681 2 2023-09-01 2024-08-31 01271681 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01271681














CHRYSOLITE ENTERPRISES LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
CHRYSOLITE ENTERPRISES LIMITED
REGISTERED NUMBER:01271681

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
147,064
29,224

Cash at bank
 5 
685,790
766,470

  
832,854
795,694

Creditors: amounts falling due within one year
 6 
(383,821)
(363,538)

Net current assets
  
 
 
449,033
 
 
432,156

Total assets less current liabilities
  
449,033
432,156

  

Net assets
  
449,033
432,156


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
448,933
432,056

  
449,033
432,156


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 by: 




J L Barlow
Director

Date: 29 May 2025

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

Page 1

 
CHRYSOLITE ENTERPRISES LIMITED

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

1.


General information

Chrysolite Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 01271681. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. 
The principal activity of the company continued to be that of artistic creation.

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

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each year end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
 
Turnover from rendering of services is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Royalties receivable are recognised at the year end date by the company.

  
2.4

Finance costs

Finance costs are charged to the profit and loss account 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.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

 
CHRYSOLITE ENTERPRISES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Current and deferred 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 corporation 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.


 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
 
 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

 
2.11

 Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.12

 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.


Employees

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


Page 3

 
CHRYSOLITE ENTERPRISES LIMITED

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

4.


Debtors

2024
2023
£
£


Trade debtors
4,256
102

Other debtors
-
135

Prepayments and accrued income
142,808
28,987

147,064
29,224



5.


Cash

2024
2023
£
£

Cash at bank
685,790
766,470



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Corporation tax
90,686
95,255

Other taxation and social security
26,302
46,619

Other creditors
242,503
214,718

Accruals and deferred income
24,330
6,946

383,821
363,538



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



8.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £60,000 (2023 - £60,000).

Page 4

 
CHRYSOLITE ENTERPRISES LIMITED

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

9.


Transactions with directors

At the year end, the company owed £240,997 (2023 – £214,719) to the directors. The loan is unsecured, interest free and repayable on demand.
During the year, dividends of £252,525  (2023 - £2,020) was paid to the directors.

Page 5