Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false2023-10-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12673550 2023-10-01 2024-09-30 12673550 2022-10-01 2023-09-30 12673550 2024-09-30 12673550 2023-09-30 12673550 c:Director1 2023-10-01 2024-09-30 12673550 c:Director2 2023-10-01 2024-09-30 12673550 d:OfficeEquipment 2023-10-01 2024-09-30 12673550 d:OfficeEquipment 2024-09-30 12673550 d:OfficeEquipment 2023-09-30 12673550 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12673550 d:ComputerEquipment 2023-10-01 2024-09-30 12673550 d:ComputerEquipment 2024-09-30 12673550 d:ComputerEquipment 2023-09-30 12673550 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12673550 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12673550 d:CurrentFinancialInstruments 2024-09-30 12673550 d:CurrentFinancialInstruments 2023-09-30 12673550 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 12673550 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12673550 d:ShareCapital 2024-09-30 12673550 d:ShareCapital 2023-09-30 12673550 d:RetainedEarningsAccumulatedLosses 2024-09-30 12673550 d:RetainedEarningsAccumulatedLosses 2023-09-30 12673550 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 12673550 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 12673550 c:OrdinaryShareClass1 2023-10-01 2024-09-30 12673550 c:OrdinaryShareClass1 2024-09-30 12673550 c:OrdinaryShareClass1 2023-09-30 12673550 c:FRS102 2023-10-01 2024-09-30 12673550 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12673550 c:FullAccounts 2023-10-01 2024-09-30 12673550 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12673550 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12673550










LUSTRUM PARTNERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
LUSTRUM PARTNERS LIMITED
REGISTERED NUMBER: 12673550

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,266
506

  
3,266
506

Current assets
  

Debtors: amounts falling due within one year
 5 
35,053
30,938

Cash at bank and in hand
  
78,143
59,551

  
113,196
90,489

Creditors: amounts falling due within one year
 6 
(46,201)
(76,060)

Net current assets
  
 
 
66,995
 
 
14,429

Total assets less current liabilities
  
70,261
14,935

Provisions for liabilities
  

Deferred tax
 7 
(816)
(126)

  
 
 
(816)
 
 
(126)

Net assets
  
69,445
14,809


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
69,443
14,807

  
69,445
14,809


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

 
LUSTRUM PARTNERS LIMITED
REGISTERED NUMBER: 12673550

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

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




J E Hanson
A Thurston
Director
Director


Date: 3 June 2025

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

Page 2

 
LUSTRUM PARTNERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Lustrum Partners Limited is a private company limited by shares registered in England and Wales, registration number 12673550. The registered office address is 1 London Street, Reading, RG1 4PN.

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 for services during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Pensions

The Company pays into a defined contribution plan. 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.

Page 3

 
LUSTRUM PARTNERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

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.


 
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:

Office equipment
-
33%
Computer equipment
-
33%

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

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.

Page 4

 
LUSTRUM PARTNERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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 2 (2023 - 2).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
1,069
2,743
3,812


Additions
292
3,258
3,550



At 30 September 2024

1,361
6,001
7,362



Depreciation


At 1 October 2023
897
2,409
3,306


Charge for the year on owned assets
253
537
790



At 30 September 2024

1,150
2,946
4,096



Net book value



At 30 September 2024
211
3,055
3,266



At 30 September 2023
172
334
506

Page 5

 
LUSTRUM PARTNERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
33

Other debtors
-
8,301

Prepayments and accrued income
35,053
22,604

35,053
30,938



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
154
3,108

Corporation tax
14,024
-

Other taxation and social security
28,741
27,144

Other creditors
432
1,878

Accruals and deferred income
2,850
43,930

46,201
76,060



7.


Deferred taxation




2024


£






At beginning of year
(126)


Charged to profit or loss
(690)



At end of year
(816)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(816)
(126)

(816)
(126)

Page 6

 
LUSTRUM PARTNERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



9.


Pension commitments

The Company pays into a defined contribution plan. 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 £40,000 (2023: £20,000).
No contributions were outstanding in the current year.


10.


Related party transactions

At the balance sheet date the directors were owed £432 (2023: £1,878).


Page 7