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 2006.2truetruefalse2023-10-012false 04999796 2023-10-01 2024-09-30 04999796 2022-10-01 2023-09-30 04999796 2024-09-30 04999796 2023-09-30 04999796 c:Director1 2023-10-01 2024-09-30 04999796 d:CurrentFinancialInstruments 2024-09-30 04999796 d:CurrentFinancialInstruments 2023-09-30 04999796 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 04999796 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04999796 d:ShareCapital 2024-09-30 04999796 d:ShareCapital 2023-09-30 04999796 d:RetainedEarningsAccumulatedLosses 2024-09-30 04999796 d:RetainedEarningsAccumulatedLosses 2023-09-30 04999796 c:FRS102 2023-10-01 2024-09-30 04999796 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04999796 c:FullAccounts 2023-10-01 2024-09-30 04999796 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04999796 2 2023-10-01 2024-09-30 04999796 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 04999796










TONENEST DEVELOPMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
TONENEST DEVELOPMENTS LIMITED
REGISTERED NUMBER:04999796

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
671,061
648,901

Cash at bank and in hand
 5 
6,703
6,006

  
677,764
654,907

Creditors: amounts falling due within one year
 6 
(469,999)
(449,376)

Net current assets
  
 
 
207,765
 
 
205,531

Total assets less current liabilities
  
207,765
205,531

  

Net assets
  
207,765
205,531


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
207,665
205,431

  
207,765
205,531


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.

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

A Valik
Director

Date: 27 June 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
TONENEST DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Tonenest Developments Limited (4999796) is a private company limited by shares, incorporated in England and Wales. The address of the 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

Going concern

The company has received indication of support from a connected company and therefore the directors consider it appropriate to prepare the accounts on a going concern basis.

 
2.3

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.
 
Page 2

 
TONENEST DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)


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 with 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 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 instruments

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.

Page 3

 
TONENEST DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Interest income

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


3.


Employees

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


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
671,061
599,201

Other debtors
-
49,700

671,061
648,901



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,703
6,006



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
259,421
238,123

Other creditors
210,000
210,000

Accruals and deferred income
578
1,253

469,999
449,376



7.


Related party transactions

Included within creditors due within one year is £210,000 (2023: £210,000) due to a close family member of one of the directors. The loan carries a rate of 5.5% interest and is repayable on demand. 

 
Page 4