Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falsetruetrue2024-01-01false11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08324122 2024-01-01 2024-12-31 08324122 2023-01-01 2023-12-31 08324122 2024-12-31 08324122 2023-12-31 08324122 c:Director1 2024-01-01 2024-12-31 08324122 d:FurnitureFittings 2024-01-01 2024-12-31 08324122 d:FurnitureFittings 2024-12-31 08324122 d:FurnitureFittings 2023-12-31 08324122 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08324122 d:FreeholdInvestmentProperty 2024-12-31 08324122 d:FreeholdInvestmentProperty 2023-12-31 08324122 d:CurrentFinancialInstruments 2024-12-31 08324122 d:CurrentFinancialInstruments 2023-12-31 08324122 d:Non-currentFinancialInstruments 2024-12-31 08324122 d:Non-currentFinancialInstruments 2023-12-31 08324122 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08324122 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08324122 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 08324122 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08324122 d:ShareCapital 2024-12-31 08324122 d:ShareCapital 2023-12-31 08324122 d:OtherMiscellaneousReserve 2024-01-01 2024-12-31 08324122 d:OtherMiscellaneousReserve 2024-12-31 08324122 d:OtherMiscellaneousReserve 2023-12-31 08324122 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 08324122 d:RetainedEarningsAccumulatedLosses 2024-12-31 08324122 d:RetainedEarningsAccumulatedLosses 2023-12-31 08324122 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 08324122 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 08324122 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 08324122 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 08324122 d:OtherDeferredTax 2024-12-31 08324122 d:OtherDeferredTax 2023-12-31 08324122 c:OrdinaryShareClass1 2024-01-01 2024-12-31 08324122 c:OrdinaryShareClass1 2024-12-31 08324122 c:FRS102 2024-01-01 2024-12-31 08324122 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08324122 c:FullAccounts 2024-01-01 2024-12-31 08324122 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08324122 6 2024-01-01 2024-12-31 08324122 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 08324122














ANTIFRAGILE LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ANTIFRAGILE LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7


 
ANTIFRAGILE LIMITED
REGISTERED NUMBER:08324122

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
709
886

Investments
 5 
1
1

Investment property
 6 
950,000
950,000

  
950,710
950,887

Current assets
  

Debtors: amounts falling due within one year
 7 
6,048
6,048

Cash at bank and in hand
 8 
1,058
3,676

  
7,106
9,724

Creditors: amounts falling due within one year
 9 
(142,654)
(105,219)

Net current liabilities
  
 
 
(135,548)
 
 
(95,495)

Total assets less current liabilities
  
815,162
855,392

Creditors: amounts falling due after more than one year
 10 
(880,000)
(880,000)

  

Net liabilities
  
(64,838)
(24,608)


Capital and reserves
  

Called up share capital 
 12 
1,000
1,000

Non-distributable profit and loss account
 13 
88,188
88,188

Profit and loss account
 13 
(154,026)
(113,796)

  
(64,838)
(24,608)


1

 
ANTIFRAGILE LIMITED
REGISTERED NUMBER:08324122
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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.

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




O O Ozsan
Director

Date: 17 June 2025

2

 
ANTIFRAGILE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The company is a private company, limited by shares and registered in England and Wales, registration number 08324122. The registered office is Elsley Court, 20-22 Great Titchfield Street, London, England, W1W 8BE. 
The company's functional and presentational currency is pound sterling.
 
The principal activity of the company continued to be that of property investment.

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

The following pricipal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis as the director has confirmed he will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the director is satisfied that the financial statements should be prepared on a going concern basis.

 
2.3

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 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.

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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

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.

3

 
ANTIFRAGILE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

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.

 
2.5

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, 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. 

 
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 only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties, loans to related parties and investments in ordinary shares.

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 -1).

4

 
ANTIFRAGILE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2024
9,607



At 31 December 2024

9,607



Depreciation


At 1 January 2024
8,721


Charge for the year on owned assets
177



At 31 December 2024

8,898



Net book value



At 31 December 2024
709



At 31 December 2023
886


5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 January 2024
1



At 31 December 2024
1




5

 
ANTIFRAGILE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
950,000



At 31 December 2024
950,000







If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
861,812
861,812


7.


Debtors

2024
2023
£
£


Other debtors
6,048
6,048



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,058
3,676



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
8,697
-

Other creditors
129,090
100,769

Accruals and deferred income
4,867
4,450

142,654
105,219


6

 
ANTIFRAGILE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
880,000
880,000



11.


Deferred taxation

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(177)
(222)

Tax losses carried forward
22,224
22,269

Revaluation gain
(22,047)
(22,047)

-
-


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 Ordinary shares of £1.00 each
1,000
1,000



13.


Reserves

Non-distributable profit and loss account

This is a non distributable reserve which includes fair value movements on revalued investment properties.

Profit and loss account

Profit and loss account is the cumulative total of earnings reported by the company.


14.


Related party transactions

At the balance sheet date, an amount of £65,395 (2023 - £65,035) was due to the director. The balance is unsecured, interest free and repayable on demand.
 
7