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Registered number: 14503907









STRANGE THOUGHTS GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2024

 
STRANGE THOUGHTS GROUP LIMITED
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 9


 
STRANGE THOUGHTS GROUP LIMITED
REGISTERED NUMBER: 14503907

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
7,125
7,917

Tangible assets
 5 
21,117
29,770

  
28,242
37,687

Current assets
  

Debtors: amounts falling due within one year
 6 
26,726
17,683

Cash at bank and in hand
  
150
6,503

  
26,876
24,186

Current Liabilities
  

Creditors: amounts falling due within one year
 7 
(246,329)
(125,616)

Net current liabilities
  
 
 
(219,453)
 
 
(101,430)

Total assets less current liabilities
  
(191,211)
(63,743)

Creditors: amounts falling due after more than one year
 8 
(24,815)
(30,573)

  

Net liabilities
  
(216,026)
(94,316)


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
(216,027)
(94,317)

  
(216,026)
(94,316)


Page 1

 
STRANGE THOUGHTS GROUP LIMITED
REGISTERED NUMBER: 14503907
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 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 period 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 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 18 August 2025.




J H S Jackson
Director

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

Page 2

 
STRANGE THOUGHTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

1.


General information

Strange Thoughts Group Ltd is a private company limited by shares and registered in England and Wales. Its registered office is 61 Bishop Road, Bristol, England, BS7 8LU. 

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 financial statements have been prepared on a going concern basis. The company continues to incur losses during the year and has net liabilities as at the balance sheet date. However, the sole director, has confirmed their intention to continue to support the company financially for a period of at least 12 months from the date of approval of these financial statements. On this basis, the director believes it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the company were unable to continue as a going concern.

 
2.3

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 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 3

 
STRANGE THOUGHTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

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.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 4

 
STRANGE THOUGHTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.8

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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

  
2.9

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of income and retained earnings over its useful economic life.

 
2.10

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:

Motor vehicles
-
20%
Computer equipment
-
25%

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.

 
2.11

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 5

 
STRANGE THOUGHTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 5 (2023 - 5).


4.


Intangible assets




Goodwill

£



Cost


At 1 December 2023
7,917



At 30 November 2024

7,917



Amortisation


Charge for the period on owned assets
792



At 30 November 2024

792



Net book value



At 30 November 2024
7,125



At 30 November 2023
7,917



Page 6

 
STRANGE THOUGHTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

5.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 December 2023
40,690
2,058
42,748



At 30 November 2024

40,690
2,058
42,748



Depreciation


At 1 December 2023
12,775
203
12,978


Charge for the period on owned assets
8,138
515
8,653



At 30 November 2024

20,913
718
21,631



Net book value



At 30 November 2024
19,777
1,340
21,117



At 30 November 2023
27,915
1,855
29,770


6.


Debtors

2024
2023
£
£


Trade debtors
19,860
15,493

Amounts owed by group undertakings
-
290

Other debtors
1,900
1,900

Prepayments and accrued income
4,966
-

26,726
17,683


Page 7

 
STRANGE THOUGHTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
5,758
5,758

Trade creditors
78,957
36,745

Amounts owed to group undertakings
63,341
-

Other taxation and social security
65,098
39,969

Other creditors
29,675
39,644

Accruals and deferred income
3,500
3,500

246,329
125,616



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
24,815
30,573

24,815
30,573



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
5,758
5,758


5,758
5,758


Amounts falling due 2-5 years

Other loans
24,815
30,573


24,815
30,573


30,573
36,331


Page 8

 
STRANGE THOUGHTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,001 (2023 - 1,000) Ordinary Share Capital shares of £0.001 each
1
1



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately 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 £1,840 (2023: £713). Contributions  totaling £324 (2023: £438) were payable to the fund at the reporting date and are included in creditors. 


12.


Related party transactions

Included in the year end Other creditors balance is an amount owed by the company to the director of £11,716 (2023: £30,595). This amount is unsecured, not subject to interest and is repayable on demand.

 
Page 9