Caseware UK (AP4) 2024.0.164 2024.0.164 2023-11-01truetrueNo description of principal activityfalse33The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12240739 2023-11-01 2024-10-31 12240739 2022-11-01 2023-10-31 12240739 2024-10-31 12240739 2023-10-31 12240739 c:Director1 2023-11-01 2024-10-31 12240739 d:ComputerEquipment 2023-11-01 2024-10-31 12240739 d:ComputerEquipment 2024-10-31 12240739 d:ComputerEquipment 2023-10-31 12240739 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 12240739 d:CurrentFinancialInstruments 2024-10-31 12240739 d:CurrentFinancialInstruments 2023-10-31 12240739 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 12240739 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12240739 d:ShareCapital 2024-10-31 12240739 d:ShareCapital 2023-10-31 12240739 d:RetainedEarningsAccumulatedLosses 2024-10-31 12240739 d:RetainedEarningsAccumulatedLosses 2023-10-31 12240739 c:FRS102 2023-11-01 2024-10-31 12240739 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12240739 c:FullAccounts 2023-11-01 2024-10-31 12240739 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Registered number: 12240739













Grace Capital Partners Limited

Financial statements
Information for filing with the registrar

31 October 2024




 
Grace Capital Partners Limited


Balance sheet
At 31 October 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
753
-

  
753
-

Current assets
  

Debtors
 5 
24
544

Cash at bank and in hand
  
46
302

  
70
846

Creditors: amounts falling due within one year
 6 
(30,562)
(25,421)

Net current liabilities
  
 
 
(30,492)
 
 
(24,575)

Total assets less current liabilities
  
(29,739)
(24,575)

  

Net liabilities
  
(29,739)
(24,575)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(29,839)
(24,675)

Shareholders' deficit
  
(29,739)
(24,575)


1

 
Grace Capital Partners Limited

    
Balance sheet (continued)
At 31 October 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 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 on 24 July 2025.




Graeme Summers
Director

Company registered number: 12240739
The notes on pages 3 to 5 form part of these financial statements. 

2

 
Grace Capital Partners Limited
 
 

Notes to the financial statements
Year ended 31 October 2024

1.


General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is 24 Woodlands, Ponteland, Newcastle upon Tyne, NE20 9EU.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Going concern

At the balance sheet date the company had excess liabilities over assets. The director, having made due and careful enquiry, is of the opinion that the company, with his continuing support, has adequate working capital to execute its operations over the next 12 months. The director, therefore, has made an informed judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result the director has continued to adopt the going concern basis of accounting in preparing the annual financial accounts.

 
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 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.

3

 
Grace Capital Partners Limited
 

 
Notes to the financial statements
Year ended 31 October 2024

2.Accounting policies (continued)

 
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.

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
-
33%

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

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 3).


4

 
Grace Capital Partners Limited
 
 

Notes to the financial statements
Year ended 31 October 2024

4.


Tangible fixed assets





Computer equipment

£



Cost 


At 1 November 2023
9,031


Additions
874



At 31 October 2024

9,905



Depreciation


At 1 November 2023
9,031


Charge for the year
121



At 31 October 2024

9,152



Net book value



At 31 October 2024
753



At 31 October 2023
-


5.


Debtors

2024
2023
£
£


Other debtors
24
24

Deferred taxation
-
520

24
544



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Other creditors
23,362
20,021

Accruals and deferred income
7,200
5,400

30,562
25,421


 
5