Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-31false2023-11-01falseNo description of principal activity34trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08247878 2023-11-01 2024-10-31 08247878 2022-11-01 2023-10-31 08247878 2024-10-31 08247878 2023-10-31 08247878 2022-11-01 08247878 c:PriorPeriodIncreaseDecrease 2023-11-01 2024-10-31 08247878 c:PriorPeriodIncreaseDecrease 2022-11-01 2023-10-31 08247878 d:Director1 2023-11-01 2024-10-31 08247878 d:Director2 2023-11-01 2024-10-31 08247878 d:Director3 2023-11-01 2024-10-31 08247878 d:Director3 2024-10-31 08247878 d:Director4 2023-11-01 2024-10-31 08247878 d:Director4 2024-10-31 08247878 d:RegisteredOffice 2023-11-01 2024-10-31 08247878 c:Buildings c:LongLeaseholdAssets 2023-11-01 2024-10-31 08247878 c:Buildings c:LongLeaseholdAssets 2024-10-31 08247878 c:Buildings c:LongLeaseholdAssets 2023-10-31 08247878 c:OfficeEquipment 2023-11-01 2024-10-31 08247878 c:ComputerEquipment 2023-11-01 2024-10-31 08247878 c:ComputerEquipment 2024-10-31 08247878 c:ComputerEquipment 2023-10-31 08247878 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 08247878 c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 08247878 c:CurrentFinancialInstruments 2024-10-31 08247878 c:CurrentFinancialInstruments 2023-10-31 08247878 c:CurrentFinancialInstruments c:WithinOneYear 2024-10-31 08247878 c:CurrentFinancialInstruments c:WithinOneYear 2023-10-31 08247878 c:ShareCapital 2023-11-01 2024-10-31 08247878 c:ShareCapital 2024-10-31 08247878 c:ShareCapital 2022-11-01 2023-10-31 08247878 c:ShareCapital 2023-10-31 08247878 c:ShareCapital 2022-11-01 08247878 c:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 08247878 c:RetainedEarningsAccumulatedLosses 2024-10-31 08247878 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2023-11-01 2024-10-31 08247878 c:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 08247878 c:RetainedEarningsAccumulatedLosses 2023-10-31 08247878 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2022-11-01 2023-10-31 08247878 c:RetainedEarningsAccumulatedLosses 2022-11-01 08247878 d:OrdinaryShareClass1 2023-11-01 2024-10-31 08247878 d:OrdinaryShareClass1 2024-10-31 08247878 d:OrdinaryShareClass1 2023-10-31 08247878 d:FRS102 2023-11-01 2024-10-31 08247878 d:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08247878 d:FullAccounts 2023-11-01 2024-10-31 08247878 d:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08247878 c:WithinOneYear 2024-10-31 08247878 c:WithinOneYear 2023-10-31 08247878 c:BetweenOneFiveYears 2024-10-31 08247878 c:BetweenOneFiveYears 2023-10-31 08247878 2 2023-11-01 2024-10-31 08247878 6 2023-11-01 2024-10-31 08247878 e:PoundSterling 2023-11-01 2024-10-31 08247878 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2023-11-01 2024-10-31 08247878 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2022-11-01 2023-10-31 08247878 c:RetainedEarningsAccumulatedLosses c:PreviouslyStatedAmount 2023-10-31 08247878 c:RetainedEarningsAccumulatedLosses c:PreviouslyStatedAmount 2022-11-01 08247878 c:PreviouslyStatedAmount 2023-10-31 08247878 c:PreviouslyStatedAmount 2022-11-01 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08247878










BLACHER LIMITED
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024



















img0c18.png

 
BLACHER LIMITED
 
 
Company Information


Directors
Mr Perry Blacher 
Mrs Tanya Blacher 
Mr Niels Bryan-Low (resigned 12 March 2024)
Mr Simon Veingard (resigned 12 March 2024)




Registered number
08247878



Registered office
3rd Floor
12 Gough Square

London

EC4A 3DW




Accountants
Sayers Butterworth LLP
Chartered Accountants

3rd Floor

12 Gough Square

London

EC4A 3DW





 
BLACHER LIMITED
Registered number: 08247878

Balance sheet
As at 31 October 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
15,521
21,565

Investments
 5 
806,000
466,000

  
821,521
487,565

Current assets
  

Debtors: amounts falling due within one year
 6 
76,377
276,763

Cash at bank and in hand
  
83,258
150,106

  
159,635
426,869

Creditors: amounts falling due within one year
 7 
(160,872)
(152,566)

Net current (liabilities)/assets
  
 
 
(1,237)
 
 
274,303

Total assets less current liabilities
  
820,284
761,868

  

Net assets
  
820,284
761,868


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
819,284
760,868

  
820,284
761,868


Page 1

 
BLACHER LIMITED
Registered number: 08247878
    
Balance sheet (continued)
As at 31 October 2024

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income and retained earnings 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 28 July 2025.




Mr Perry Blacher
Director

The notes on pages 5 to 10 form part of these financial statements.

Page 2

 
BLACHER LIMITED
 

Statement of changes in equity
For the Year Ended 31 October 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 November 2023 (as previously stated)
1,000
826,800
827,800

Prior year adjustment - correction of error
-
(65,932)
(65,932)

At 1 November 2023 (as restated)
1,000
760,868
761,868


Comprehensive income for the year

Profit for the year
-
133,416
133,416
Total comprehensive income for the year
-
133,416
133,416


Contributions by and distributions to owners

Dividends: Equity capital
-
(75,000)
(75,000)


Total transactions with owners
-
(75,000)
(75,000)


At 31 October 2024
1,000
819,284
820,284


The notes on pages 5 to 10 form part of these financial statements.

Page 3

 
BLACHER LIMITED
 

Statement of changes in equity
For the Year Ended 31 October 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 November 2022 (as previously stated)
1,000
676,268
677,268

Prior year adjustment - correction of error
-
(40,033)
(40,033)

At 1 November 2022 (as restated)
1,000
636,235
637,235


Comprehensive income for the year

Profit for the year
-
124,633
124,633
Total comprehensive income for the year
-
124,633
124,633


Total transactions with owners
-
-
-


At 31 October 2023
1,000
760,868
761,868


The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
BLACHER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2024

1.


General information

Blacher Limited is a private limited company, incorporated in the United Kingdom and registered in England and Wales. The Company's registered office address is 3rd Floor, 12 Gough Square, London, EC4A 3DW. 

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

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is 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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 5

 
BLACHER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Investment income

Interest receivable is accrued as it becomes due. Dividend income is recognised once it has been declared and is legally payable.

 
2.5

Taxation

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.


Page 6

 
BLACHER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2024

2.Accounting policies (continued)

 
2.6

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:

Property Improvements
-
Depreciated over 5 years
Office equipment
-
Depreciated over 3 years
Equipment
-
Depreciated over 3 years

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.

 
2.7

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 Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

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.

 
2.9

Financial instruments

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.

Page 7

 
BLACHER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
3
4


4.


Tangible fixed assets





Property improvements
Computer equipment
Total

£
£
£



Cost or valuation


At 1 November 2023
20,000
12,572
32,572


Additions
-
1,619
1,619


Disposals
-
(6,380)
(6,380)



At 31 October 2024

20,000
7,811
27,811



Depreciation


At 1 November 2023
4,361
6,646
11,007


Charge for the year on owned assets
4,000
3,152
7,152


Disposals
-
(5,869)
(5,869)



At 31 October 2024

8,361
3,929
12,290



Net book value



At 31 October 2024
11,639
3,882
15,521



At 31 October 2023
15,639
5,926
21,565

Page 8

 
BLACHER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2024

5.


Fixed asset investments





Trade investments

£





At 1 November 2023
466,000


Additions
340,000



At 31 October 2024
806,000






 

6.


Debtors

As restated
2024
2023
£
£


Trade debtors
7,920
10,672

Other debtors
694
200,140

Prepayments and accrued income
56,495
54,683

Tax recoverable
11,268
11,268

76,377
276,763



7.


Creditors: Amounts falling due within one year

As restated
2024
2023
£
£

Trade creditors
-
7,368

Corporation tax
43,795
45,570

Other taxation and social security
13,763
13,928

Other creditors
98,814
81,200

Accruals and deferred income
4,500
4,500

160,872
152,566


Page 9

 
BLACHER LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 October 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and unpaid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



9.


Prior year adjustment

Following a review by a supplier, it was identified that some invoices raised by the company may have been subject to off-payroll working and IR35 legislation. The comparative information has been updated to reflect the financial position should this be the case. The result of this adjustment at 31 October 2023 is to increase creditors by £77,200, increase debtors by £11,268, reduce profit after tax by £25,898 and to decrease retained earnings by £65,932. 


10.


Commitments under operating leases

At 31 October 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
8,322
8,322

Later than 1 year and not later than 5 years
6,935
15,256

15,257
23,578


11.


Related party transactions

At the balance sheet date the company owed a director £71,252 (2023: £55,211).
At the balance sheet date another director owed the company £508 (2023: the company owed the director £4,000). 
During the year the directors received dividends of £75,000 (2023: £Nil).

 
Page 10