Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31false352023-08-01No description of principal activity25truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12100207 2023-08-01 2024-07-31 12100207 2022-08-01 2023-07-31 12100207 2024-07-31 12100207 2023-07-31 12100207 2022-08-01 12100207 c:Director1 2023-08-01 2024-07-31 12100207 d:Buildings d:LongLeaseholdAssets 2023-08-01 2024-07-31 12100207 d:Buildings d:LongLeaseholdAssets 2024-07-31 12100207 d:Buildings d:LongLeaseholdAssets 2023-07-31 12100207 d:PlantMachinery 2023-08-01 2024-07-31 12100207 d:PlantMachinery 2024-07-31 12100207 d:PlantMachinery 2023-07-31 12100207 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12100207 d:FurnitureFittings 2023-08-01 2024-07-31 12100207 d:FurnitureFittings 2024-07-31 12100207 d:FurnitureFittings 2023-07-31 12100207 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12100207 d:OfficeEquipment 2023-08-01 2024-07-31 12100207 d:OfficeEquipment 2024-07-31 12100207 d:OfficeEquipment 2023-07-31 12100207 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12100207 d:ComputerEquipment 2023-08-01 2024-07-31 12100207 d:ComputerEquipment 2024-07-31 12100207 d:ComputerEquipment 2023-07-31 12100207 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12100207 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12100207 d:Goodwill 2024-07-31 12100207 d:Goodwill 2023-07-31 12100207 d:ComputerSoftware 2024-07-31 12100207 d:ComputerSoftware 2023-07-31 12100207 d:CurrentFinancialInstruments 2024-07-31 12100207 d:CurrentFinancialInstruments 2023-07-31 12100207 d:Non-currentFinancialInstruments 2024-07-31 12100207 d:Non-currentFinancialInstruments 2023-07-31 12100207 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12100207 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12100207 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 12100207 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 12100207 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-07-31 12100207 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 12100207 d:ShareCapital 2024-07-31 12100207 d:ShareCapital 2023-07-31 12100207 d:ShareCapital 2022-08-01 12100207 d:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 12100207 d:RetainedEarningsAccumulatedLosses 2024-07-31 12100207 d:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 12100207 d:RetainedEarningsAccumulatedLosses 2023-07-31 12100207 d:RetainedEarningsAccumulatedLosses 2022-08-01 12100207 c:FRS102 2023-08-01 2024-07-31 12100207 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12100207 c:FullAccounts 2023-08-01 2024-07-31 12100207 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12100207 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-08-01 2024-07-31 12100207 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-08-01 2024-07-31 12100207 d:ExternallyAcquiredIntangibleAssets 2023-08-01 2024-07-31 12100207 d:Goodwill d:OwnedIntangibleAssets 2023-08-01 2024-07-31 12100207 d:ComputerSoftware d:OwnedIntangibleAssets 2023-08-01 2024-07-31 12100207 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 12100207









KOLAMBA CARNABY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
KOLAMBA CARNABY LIMITED
REGISTERED NUMBER: 12100207

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
68,883
74,812

Tangible assets
 5 
178,040
246,140

  
246,923
320,952

Current assets
  

Stocks
  
10,048
4,550

Debtors
 6 
844,278
641,676

Cash at bank and in hand
 7 
82,335
14,321

  
936,661
660,547

Creditors: amounts falling due within one year
 8 
(1,628,549)
(1,118,138)

Net current liabilities
  
 
 
(691,888)
 
 
(457,591)

Total assets less current liabilities
  
(444,965)
(136,639)

Creditors: amounts falling due after more than one year
 9 
(143,875)
(300,309)

  

Net liabilities
  
(588,840)
(436,948)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(588,940)
(437,048)

  
(588,840)
(436,948)


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 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

 
KOLAMBA CARNABY LIMITED
REGISTERED NUMBER: 12100207
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

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




................................................
Eroshan Nalinda Meewella
Director

Date: 4 June 2025

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 

 
KOLAMBA CARNABY LIMITED


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2024



Called up share capital
Profit and loss account
Total equity


£
£
£



At 1 August 2022
100
(514,691)
(514,591)





Profit for the year
-
77,643
77,643





At 1 August 2023
100
(437,048)
(436,948)





Loss for the year
-
(151,892)
(151,892)



At 31 July 2024
100
(588,940)
(588,840)



The notes on pages 4 to 10 form part of these financial statements.

Page 3

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

1.


General information

Kolamba Carnaby Limited is a private company limited by shares incorporated in England and Wales.  The registered office and number are as per below :
Registered number : 12100207
Registered office : C/O Whitebox London Ltd, 2.17, United House 9 Pembrigde Road, Notting Hill, London, England, W11 3JY.

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

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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

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

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

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.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Straight line over 15 years
Plant and machinery
-
Straight line over 5 years
Fixtures and fittings
-
Straight line over 5 years
Office equipment
-
Straight line over 5 years
Computer equipment
-
Straight line over 5 years

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.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

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

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.


Employees

The average monthly number of employees, including directors, during the year was 25 (2023 - 35).

Page 6

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

4.


Intangible assets




Computer software
Goodwill
Total

£
£
£



Cost


At 1 August 2023
10,797
100,000
110,797


Additions
1,265
-
1,265



At 31 July 2024

12,062
100,000
112,062



Amortisation


At 1 August 2023
10,344
25,641
35,985


Charge for the year on owned assets
524
6,670
7,194



At 31 July 2024

10,868
32,311
43,179



Net book value



At 31 July 2024
1,194
67,689
68,883



At 31 July 2023
453
74,359
74,812




5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Computer equipment

£
£
£
£
£



Cost or valuation


At 1 August 2023
231,007
116,134
156,026
10,351
-


Additions
-
2,655
1,525
-
316



At 31 July 2024

231,007
118,789
157,551
10,351
316



Depreciation


At 1 August 2023
57,782
88,315
113,392
7,891
-


Charge for the year on owned assets
15,408
23,653
31,452
2,070
11
Page 7

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

           5.Tangible fixed assets (continued)




At 31 July 2024

73,190
111,968
144,844
9,961
11



Net book value



At 31 July 2024
157,817
6,821
12,707
390
305



At 31 July 2023
173,226
27,819
42,634
2,461
-

Total

£



Cost or valuation


At 1 August 2023
513,518


Additions
4,496



At 31 July 2024

518,014



Depreciation


At 1 August 2023
267,380


Charge for the year on owned assets
72,594



At 31 July 2024

339,974



Net book value



At 31 July 2024
178,040



At 31 July 2023
246,140


6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
60,780
60,780

60,780
60,780

Due within one year
Page 8

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

6.Debtors (continued)


Trade debtors
6,828
6,597

Other debtors
738,145
516,752

Prepayments and accrued income
38,525
57,547

844,278
641,676



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
82,335
14,321

Less: bank overdrafts
(4,733)
-

77,602
14,321



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
4,733
-

Bank loans
14,086
14,087

Trade creditors
85,205
142,251

Amounts owed to group undertakings
1,040,596
555,950

Other taxation and social security
295,109
169,534

Other creditors
152,405
216,374

Accruals and deferred income
36,415
19,942

1,628,549
1,118,138



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
63,011
74,068

Other loans
80,864
226,241

143,875
300,309


Page 9

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

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
14,086
14,087


14,086
14,087



Amounts falling due after more than 5 years

Bank loans
63,011
74,068

Other loans
80,864
226,241

143,875
300,309

157,961
314,396



11.


Controlling party

The company's immediate and ultimate parent company is Kolamba Limited, a company registered in England and Wales. The registered address is C/O Whitebox London Ltd, 2.17, United House 9 Pembridge Road, Notting Hill, London, England, W11 3JY.

 
Page 10