Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-31262024-02-01falseNo description of principal activity22truetruefalse 13116650 2024-02-01 2025-01-31 13116650 2023-02-01 2024-01-31 13116650 2025-01-31 13116650 2024-01-31 13116650 c:Director1 2024-02-01 2025-01-31 13116650 c:Director2 2024-02-01 2025-01-31 13116650 c:RegisteredOffice 2024-02-01 2025-01-31 13116650 d:OfficeEquipment 2024-02-01 2025-01-31 13116650 d:OfficeEquipment 2025-01-31 13116650 d:OfficeEquipment 2024-01-31 13116650 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 13116650 d:CurrentFinancialInstruments 2025-01-31 13116650 d:CurrentFinancialInstruments 2024-01-31 13116650 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 13116650 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13116650 d:ShareCapital 2025-01-31 13116650 d:ShareCapital 2024-01-31 13116650 d:RetainedEarningsAccumulatedLosses 2025-01-31 13116650 d:RetainedEarningsAccumulatedLosses 2024-01-31 13116650 c:FRS102 2024-02-01 2025-01-31 13116650 c:Audited 2024-02-01 2025-01-31 13116650 c:FullAccounts 2024-02-01 2025-01-31 13116650 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13116650 c:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13116650 2 2024-02-01 2025-01-31 13116650 e:PoundSterling 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure
Registered number: 13116650


 
 
 
 
 
 
 
 
FARRANT GROUP LIMITED
FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 31 JANUARY 2025

 
FARRANT GROUP LIMITED
 

COMPANY INFORMATION


Directors
M. D. Farrant 
P. A. Headden 




Registered number
13116650



Registered office
32 St. James's Street
Fourth Floor

London

SW1A 1HD






Independent auditors
Wilder Coe Ltd

Chartered Accountants & Statutory Auditors

1st Floor Sackville House

143-149 Fenchurch Street

London

EC3M 6BL







 
FARRANT GROUP LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 7

 
FARRANT GROUP LIMITED
REGISTERED NUMBER: 13116650

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,328
14,998

Current assets
  

Debtors
 5 
311,189
399,174

Bank and cash balances
  
213,425
398,598

  
524,614
797,772

Creditors: amounts falling due within one year
 6 
(655,965)
(906,079)

Net current liabilities
  
 
 
(131,351)
 
 
(108,307)

Net liabilities
  
(127,023)
(93,309)


Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
(127,123)
(93,409)

Equity shareholder's deficit
  
(127,023)
(93,309)


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 Directors' Report and Statement of Comprehensive Income in accordance with provisions applicable to companies subject to the small companies' regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on
 8 July 2025.




M. D. Farrant
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
FARRANT GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

Farrant Group Limited (company number 13116650), having its registered office at 32 St. James's Street, Fourth Floor, London, SW1A 1HD, is a private limited company incorporated in England and Wales.
The company's principal place of business is 8-10 Hill Street, London, W1J 5NG.

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

At the year end, the company had net liabilities of £127,023 and made a loss for the year of £33,714.
The company is reliant on the support of one director, who is the company's sole shareholder. The directors of the company are of the opinion that this support will continue.
The company should, therefore, be able to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment. As with any company placing reliance on directors for financial support, the directors acknowledge that there can be no certainty that this support will continue. However, at the date of approval of these financial statements, they have no reason to believe that it will not do so.
On this basis, the directors believe that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the going concern basis being inappropriate.

  
2.3

Statement of Cash Flow

The company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

Page 2

 
FARRANT GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.5

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
3 years straight line

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 the Statement of Comprehensive Income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, 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.

Page 3

 
FARRANT GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.8

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 banks and other
third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors,
are measured, initially and subsequently, at the undiscounted amount of the cash or other
consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found,
an impairment loss is recognised in the Statement of Comprehensive Income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference
between an asset's carrying amount and the present value of estimated cash flows discounted at the
asset's original effective interest rate. If a financial asset has a variable interest rate, the discount
rate for measuring any impairment loss is the current effective interest rate determined under the
contract.

 
2.9

Creditors

Short-term creditors are measured at the transaction price.

  
2.10

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company

 
2.11

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is British Pounds Sterling (GBP) .

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.

 
2.12

Operating leases: the Company as lessee

Rentals payable under operating leases, including any lease incentives received, are charged to the Statement of Comprehensive Income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Page 4

 
FARRANT GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.13

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 the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.14

Employee Benefits

The cost of short-term employee benefits are recognised as a liability and an expense, unless these costs are required to be recognised as part of the cost of stock or fixed assets. 
The cost of any unused holiday entitlement is recognised in the period in which the employees services are received. 
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

 
2.15

Taxation

Tax is recognised in the Statement of Comprehensive Income.

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

 
2.16

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

 
2.17

Finance costs

Finance costs are charged to the Statement of Comprehensive Income 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 5

 
FARRANT GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

3.


Employees

The average monthly number of employees, including directors, during the year was 26 (2024 - 22).


4.


Tangible fixed assets





Computer equipment

£



Cost


At 1 February 2024
51,145


Additions
8,504



At 31 January 2025

59,649



Depreciation


At 1 February 2024
36,147


Charge for the year
19,174



At 31 January 2025

55,321



Net book value



At 31 January 2025
4,328



At 31 January 2024
14,998


5.


Debtors

2025
2024
£
£

Due within one year

Trade debtors
225,691
123,883

Other debtors
85,498
242,195

Prepayments and accrued income
-
33,096

311,189
399,174


Page 6

 
FARRANT GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
112,846
58,256

Other taxation and social security
84,959
59,452

Other creditors
379,157
302,566

Accruals and deferred income
79,003
485,805

655,965
906,079


Included in other creditors, loans payable to related parties are interest-free, unsecured, and repayable on demand.


7.


Pension commitments

The Company operated a defined contributions pension scheme. The assets of the scheme are held seperately from those of the Company in an independently administered fund. The pension cost charge represents  contributions payable by the Company to the fund and amounted to £51,510 (2024: £43,059).
There were £Nil 
(2024: £Nil) contributions payable to the fund at the Balance Sheet date.


8.


Related party transactions

Included within other creditors are amounts owed to a director of £330,899 (2024: £302,566).
Included within sales for the year is £2,400,000 (2024: £1,830,000) relating to transactions with a company under common control. At the year end, a balance due to this related party of £48,258 (2024: £153,272 due from the related party) was included within other creditors and debtors, respectively.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 January 2025 was unqualified.

The audit report was signed on 8 July 2025 by Robert Bradman BA CA (Senior Statutory Auditor) on behalf of Wilder Coe Ltd.


Page 7