Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01No description of principal activitytruefalse11truefalse 14652546 2024-01-01 2024-12-31 14652546 2023-02-09 2023-12-31 14652546 2024-12-31 14652546 2023-12-31 14652546 c:Director1 2024-01-01 2024-12-31 14652546 d:CurrentFinancialInstruments 2024-12-31 14652546 d:CurrentFinancialInstruments 2023-12-31 14652546 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14652546 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14652546 d:ShareCapital 2024-12-31 14652546 d:ShareCapital 2023-12-31 14652546 d:RetainedEarningsAccumulatedLosses 2024-12-31 14652546 d:RetainedEarningsAccumulatedLosses 2023-12-31 14652546 c:OrdinaryShareClass1 2024-01-01 2024-12-31 14652546 c:OrdinaryShareClass1 2024-12-31 14652546 c:OrdinaryShareClass1 2023-12-31 14652546 c:FRS102 2024-01-01 2024-12-31 14652546 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14652546 c:FullAccounts 2024-01-01 2024-12-31 14652546 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14652546 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14652546









INVERSE AIR CAPITAL LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
INVERSE AIR CAPITAL LTD
REGISTERED NUMBER: 14652546

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
43,567
4,809

Cash at bank and in hand
  
140
31,177

  
43,707
35,986

Creditors: amounts falling due within one year
 5 
(8,845)
(23,451)

NET CURRENT ASSETS
  
 
 
34,862
 
 
12,535

TOTAL ASSETS LESS CURRENT LIABILITIES
  
34,862
12,535

  

NET ASSETS
  
34,862
12,535


CAPITAL AND RESERVES
  

Called up share capital 
 6 
1
1

Profit and loss account
  
34,861
12,534

  
34,862
12,535


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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
INVERSE AIR CAPITAL LTD
REGISTERED NUMBER: 14652546
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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






M Browne
Director

Date: 9 June 2025

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

Page 2

 
INVERSE AIR CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

Inverse Air Capital Ltd is a private company limited by shares and incorporated in England and Wales. The Company's registered office is 86-90 Paul Street, London, EC2A 4NE.

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.

 
2.2

TURNOVER

Turnover consists of consulting income and other billable expenses, excluding value added tax.

 
2.3

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 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.


 
2.4

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 3

 
INVERSE AIR CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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.

 
2.6

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 1 (2023 - 1).


4.


DEBTORS

2024
2023
£
£


Other debtors
43,567
4,809

43,567
4,809



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank overdrafts
253
-

Corporation tax
5,497
2,940

Other taxation and social security
-
3,634

Other creditors
395
14,202

Accruals and deferred income
2,700
2,675

8,845
23,451


Page 4

 
INVERSE AIR CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



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


 
Page 5