Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-3122No description of principal activity2024-01-01falsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09989416 2024-01-01 2024-12-31 09989416 2023-01-01 2023-12-31 09989416 2024-12-31 09989416 2023-12-31 09989416 c:Director2 2024-01-01 2024-12-31 09989416 d:CurrentFinancialInstruments 2024-12-31 09989416 d:CurrentFinancialInstruments 2023-12-31 09989416 d:Non-currentFinancialInstruments 2024-12-31 09989416 d:Non-currentFinancialInstruments 2023-12-31 09989416 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09989416 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09989416 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09989416 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09989416 d:ShareCapital 2024-12-31 09989416 d:ShareCapital 2023-12-31 09989416 d:SharePremium 2024-12-31 09989416 d:SharePremium 2023-12-31 09989416 d:RetainedEarningsAccumulatedLosses 2024-12-31 09989416 d:RetainedEarningsAccumulatedLosses 2023-12-31 09989416 c:OrdinaryShareClass1 2024-01-01 2024-12-31 09989416 c:OrdinaryShareClass1 2024-12-31 09989416 c:OrdinaryShareClass1 2023-12-31 09989416 c:OrdinaryShareClass3 2024-01-01 2024-12-31 09989416 c:OrdinaryShareClass3 2024-12-31 09989416 c:OrdinaryShareClass3 2023-12-31 09989416 c:FRS102 2024-01-01 2024-12-31 09989416 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09989416 c:FullAccounts 2024-01-01 2024-12-31 09989416 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09989416 6 2024-01-01 2024-12-31 09989416 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09989416









TSG ASSURANCE HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
TSG ASSURANCE HOLDINGS LIMITED
REGISTERED NUMBER: 09989416

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
3,941,420
3,941,420

  
3,941,420
3,941,420

Current assets
  

Debtors: amounts falling due within one year
 5 
253,301
-

Cash at bank and in hand
  
121
-

  
253,422
-

Creditors: amounts falling due within one year
 6 
(384,204)
-

Net current (liabilities)/assets
  
 
 
(130,782)
 
 
-

Total assets less current liabilities
  
3,810,638
3,941,420

Creditors: amounts falling due after more than one year
 7 
(256,245)
(972,059)

  

Net assets
  
3,554,393
2,969,361


Capital and reserves
  

Called up share capital 
 8 
2,413,771
2,413,771

Share premium account
  
573,544
573,544

Profit and loss account
  
567,078
(17,954)

  
3,554,393
2,969,361


Page 1

 
TSG ASSURANCE HOLDINGS LIMITED
REGISTERED NUMBER: 09989416
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 statement of income and retained earnings 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 20 June 2025.




................................................
M Watson
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TSG ASSURANCE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

TSG Assurance Holdings Limited is a private company limited by shares and is registered in England and Wales. The registered office is Dawson House, 5 Jewry Street, London, EC3N 2EX.

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.
Turnover is comprosed of information technology consultancy activities, net of vat.

 
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

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 Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 
TSG ASSURANCE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Debtors

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

 
2.9

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.

 
2.10

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.


3.


Employees

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


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
3,941,420



At 31 December 2024
3,941,420




Page 4

 
TSG ASSURANCE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
253,301
-

253,301
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
28,031
-

Other taxation and social security
134,605
-

Other creditors
87,270
-

Accruals and deferred income
134,298
-

384,204
-



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
162,106
156,567

Amounts owed to group undertakings
94,139
815,492

256,245
972,059


Page 5

 
TSG ASSURANCE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



110 (2023 - 110) Ordinary shares of £1.00 each
110
110
2,413,661 (2023 - 2,413,661) Deferred shares of £1.00 each
2,413,661
2,413,661

2,413,771

2,413,771


 
Page 6