Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-3127918102791810trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01falseNo description of principal activity11falsefalse 02703888 2024-01-01 2024-12-31 02703888 2023-01-01 2023-12-31 02703888 2024-12-31 02703888 2023-12-31 02703888 c:Director2 2024-01-01 2024-12-31 02703888 d:MotorVehicles 2024-01-01 2024-12-31 02703888 d:MotorVehicles 2024-12-31 02703888 d:MotorVehicles 2023-12-31 02703888 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02703888 d:FurnitureFittings 2024-01-01 2024-12-31 02703888 d:FurnitureFittings 2024-12-31 02703888 d:FurnitureFittings 2023-12-31 02703888 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02703888 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02703888 d:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 02703888 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 02703888 d:FreeholdInvestmentProperty 2024-12-31 02703888 d:FreeholdInvestmentProperty 2023-12-31 02703888 d:LeaseholdInvestmentProperty 2024-12-31 02703888 d:LeaseholdInvestmentProperty 2023-12-31 02703888 d:CurrentFinancialInstruments 2024-12-31 02703888 d:CurrentFinancialInstruments 2023-12-31 02703888 d:Non-currentFinancialInstruments 2024-12-31 02703888 d:Non-currentFinancialInstruments 2023-12-31 02703888 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02703888 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02703888 d:ShareCapital 2024-12-31 02703888 d:ShareCapital 2023-12-31 02703888 d:RetainedEarningsAccumulatedLosses 2024-12-31 02703888 d:RetainedEarningsAccumulatedLosses 2023-12-31 02703888 c:FRS102 2024-01-01 2024-12-31 02703888 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02703888 c:FullAccounts 2024-01-01 2024-12-31 02703888 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02703888 d:Subsidiary1 2024-01-01 2024-12-31 02703888 d:Subsidiary1 1 2024-01-01 2024-12-31 02703888 2 2024-01-01 2024-12-31 02703888 6 2024-01-01 2024-12-31 02703888 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2024-01-01 2024-12-31 02703888 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 02703888









FINDOLAN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
FINDOLAN LIMITED
REGISTERED NUMBER: 02703888

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 3 
500
1,000

Tangible assets
 4 
-
290

Investments
 5 
1,551,677
1,551,669

Investment property
 6 
1,395,905
1,395,905

  
2,948,082
2,948,864

Current assets
  

Debtors
 7 
1,203,541
4,105,639

Cash at bank and in hand
 8 
13,756,442
4,808,244

  
14,959,983
8,913,883

Creditors: amounts falling due within one year
 9 
(830,383)
(852,854)

Net current assets
  
 
 
14,129,600
 
 
8,061,029

Total assets less current liabilities
  
17,077,682
11,009,893


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
17,077,582
11,009,793

  
17,077,682
11,009,893


Page 1

 
FINDOLAN LIMITED
REGISTERED NUMBER: 02703888
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 7 July 2025.




G Fletcher
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
FINDOLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Findolan Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company’s registered office is 101 New Cavendish Street, 1st Floor South, London W1W 6XH.

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

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.


Page 3

 
FINDOLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20% Straight line
Fixtures, fittings & equipment
-
20% Reducing balance

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

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Valuation of investments

Unlisted investments, 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 comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

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.

Page 4

 
FINDOLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

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.

 
2.12

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.


Intangible assets




Copyright

£



Cost


At 1 January 2024
5,000



At 31 December 2024

5,000



Amortisation


At 1 January 2024
4,000


Charge for the year on owned assets
500



At 31 December 2024

4,500



Net book value



At 31 December 2024
500



At 31 December 2023
1,000



Page 5

 
FINDOLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures, fittings & equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
74,480
21,737
96,217


Disposals
(74,480)
-
(74,480)



At 31 December 2024

-
21,737
21,737



Depreciation


At 1 January 2024
74,480
21,447
95,927


Charge for the year on owned assets
-
290
290


Disposals
(74,480)
-
(74,480)



At 31 December 2024

-
21,737
21,737



Net book value



At 31 December 2024
-
-
-



At 31 December 2023
-
290
290

Page 6

 
FINDOLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Art work
Total

£
£
£
£



Cost or valuation


At 1 January 2024
-
1,131,669
420,000
1,551,669


Additions
8
-
-
8



At 31 December 2024
8
1,131,669
420,000
1,551,677





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Findolan Inc.
USA
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:

Name
Aggregate of share capital and reserves

Findolan Inc.
8

Page 7

 
FINDOLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 January 2024
-
1,395,905
1,395,905



At 31 December 2024
-
1,395,905
1,395,905

The 2024 valuations were made by the director, on an open market value for existing use basis.







7.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
877,810
810,900

Due within one year

Trade debtors
-
270,000

Other debtors
305,404
3,011,391

Prepayments and accrued income
20,327
13,348

1,203,541
4,105,639



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
13,756,442
4,808,244


Page 8

 
FINDOLAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
640,489
523,943

Other taxation and social security
73,740
266,522

Other creditors
16,654
189

Accruals and deferred income
99,500
62,200

830,383
852,854


 
Page 9