Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2falsefalse2023-10-01No description of principal activity2truefalse 10402691 2023-10-01 2024-09-30 10402691 2022-10-01 2023-09-30 10402691 2024-09-30 10402691 2023-09-30 10402691 c:Director1 2023-10-01 2024-09-30 10402691 d:CurrentFinancialInstruments 2024-09-30 10402691 d:CurrentFinancialInstruments 2023-09-30 10402691 d:Non-currentFinancialInstruments 2024-09-30 10402691 d:Non-currentFinancialInstruments 2023-09-30 10402691 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 10402691 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10402691 d:ShareCapital 2024-09-30 10402691 d:ShareCapital 2023-09-30 10402691 d:RetainedEarningsAccumulatedLosses 2024-09-30 10402691 d:RetainedEarningsAccumulatedLosses 2023-09-30 10402691 c:FRS102 2023-10-01 2024-09-30 10402691 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10402691 c:FullAccounts 2023-10-01 2024-09-30 10402691 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10402691 2 2023-10-01 2024-09-30 10402691 6 2023-10-01 2024-09-30 10402691 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 10402691










TOTA II LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
TOTA II LIMITED
REGISTERED NUMBER:10402691

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
2,436,941
2,636,030

  
2,436,941
2,636,030

Current assets
  

Debtors: amounts falling due after more than one year
 5 
3,305,974
1,781,325

Debtors: amounts falling due within one year
 5 
7,727,529
5,343,370

Cash at bank and in hand
  
148,375
91,309

  
11,181,878
7,216,004

Creditors: amounts falling due within one year
 6 
(9,893,736)
(5,113,438)

Net current assets
  
 
 
1,288,142
 
 
2,102,566

Total assets less current liabilities
  
3,725,083
4,738,596

  

Net assets
  
3,725,083
4,738,596


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
3,724,983
4,738,496

  
3,725,083
4,738,596


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: 

B Osborne
Director
Date: 27 June 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
TOTA II LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The company is a private limited company, incorporated in England & Wales and its registered office is
14th Floor, 33 Cavendish Square, London, W1G 0PW.

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:

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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.

Page 2

 
TOTA II LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

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.

Investments in listed company shares are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Other investments are valued at cost, less provisions for impairment. 

 
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.

 
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.

 
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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due within the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual
Page 3

 
TOTA II LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

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

Page 4

 
TOTA II LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Fixed asset investments





Listed investments
Unlisted investments
Other  investments
Total

£
£
£
£



Cost or valuation


At 1 October 2023
1,116,038
785,156
734,836
2,636,030


Additions
835,069
83
301,407
1,136,559


Disposals
(1,265,260)
-
-
(1,265,260)


Revaluations
(70,388)
-
-
(70,388)



At 30 September 2024
615,459
785,239
1,036,243
2,436,941





5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
3,305,974
1,781,325


2024
2023
£
£

Due within one year

Other debtors
7,727,529
5,343,370



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
35,637
25,716

Other creditors
9,852,099
5,081,722

Accruals and deferred income
6,000
6,000

9,893,736
5,113,438


Page 5

 
TOTA II LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Related party transactions

Included within other debtors is an amount due from companies under common control of £4,118,868 (2023: £4,373,725). Amounts due are interest free and repayable on demand.
Included within other creditors is an amount due to companies under common control of £3,683,774 (2023: £1,927,148). Amounts due are interest free and repayable on demand.

 
Page 6