Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312023-09-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity11truetruefalse 13651040 2023-09-01 2024-08-31 13651040 2022-04-01 2023-08-31 13651040 2024-08-31 13651040 2023-08-31 13651040 c:Director3 2023-09-01 2024-08-31 13651040 d:ComputerEquipment 2023-09-01 2024-08-31 13651040 d:ComputerEquipment 2024-08-31 13651040 d:ComputerEquipment 2023-08-31 13651040 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 13651040 d:CurrentFinancialInstruments 2024-08-31 13651040 d:CurrentFinancialInstruments 2023-08-31 13651040 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 13651040 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13651040 d:ShareCapital 2024-08-31 13651040 d:ShareCapital 2023-08-31 13651040 d:RetainedEarningsAccumulatedLosses 2024-08-31 13651040 d:RetainedEarningsAccumulatedLosses 2023-08-31 13651040 c:FRS102 2023-09-01 2024-08-31 13651040 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13651040 c:FullAccounts 2023-09-01 2024-08-31 13651040 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13651040 2 2023-09-01 2024-08-31 13651040 6 2023-09-01 2024-08-31 13651040 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 13651040









CGK7 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2024

 
CGK7 LIMITED
REGISTERED NUMBER: 13651040

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,157
1,735

Investments
 5 
78,337
1

  
79,494
1,736

Current assets
  

Debtors: amounts falling due within one year
 6 
738,241
250,456

Cash at bank and in hand
  
5,678,339
6,246,886

  
6,416,580
6,497,342

Creditors: amounts falling due within one year
 7 
(724,167)
(917,110)

Net current assets
  
 
 
5,692,413
 
 
5,580,232

Net assets
  
5,771,907
5,581,968


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
5,771,906
5,581,967

  
5,771,907
5,581,968


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 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 28 August 2025.




P S Ahluwalia
Page 1

 
CGK7 LIMITED
REGISTERED NUMBER: 13651040
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CGK7 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

1.


General information

CGK7 Limited is a private company limited by share capital, incorporated on 29 September 2021 under the UK Companies Act 2006 and domiciled in England. The address of the Company's registered office is 4th Floor, 1-3 Portland Place, London, England, W1B 1PN.

2.Accounting policies

  
2.1

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all reporting periods presented, unless otherwise stated.

 
2.2

Basis of preparation of financial statements

The financial statements of the company have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland, and the UK Companies Act 2006.
The preparation of financial statements in conformity with Financial Reporting Standard 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the company's accounting policies.
In the opinion of the director there were no estimates and/or judgments made in applying the company's accounting policies towards the preparation of these financial statements that may be considered as yielding a significant risk of a material adjustment being made to the carrying amounts of assets and/or liabilities reported in the balance sheet during the next financial reporting period.

  
2.3

Functional and presentational currency

Items included in the financial statements of the company are measured using the currency of the primary economic environment in which the company operates (the "functional currency").
The functional currency of the company, and the currency in which the financial statements are presented (the "presentational currency"), is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.

 
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.
Fees receivable are recognised when they become due.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
CGK7 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

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 reporting date in the countries where the company operates and generates income.


 
2.7

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
-
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.

 
2.8

Fixed asset investments

Fixed asset investments comprise of the holdings in unlisted company shares of associated undertakings. Such holdings are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at cost less provision for impairment at the balance sheet date.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting 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.

 
2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities; with said financial assets and liabilities classified in accordance with the substance of the underlying contractual obligations rather than its legal form.
 
Page 4

 
CGK7 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)


Financial assets and liabilities are recognised in the balance sheet upon becoming party to the contractual provisions of the instrument. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or the financial asset is transferred along with substantially all the risks and rewards of ownership of the asset to another party. Financial liabilities are derecognised only when the Company’s obligations are discharged, cancelled or expired.


 
2.11

Cash and cash equivalents

Cash balances are reported as being financial instruments classified as short term receivables and are represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours and subject to an insignificant risk of changes in value. Cash deposits are held at floating interest rates linked to UK bank rates.

 
2.12

Creditors

Creditors are initially measured, and subsequently held, at transaction price (i.e fair value).

 
2.13

Equity and dividends

Ordinary share capital, shown in equity, is initially measured and subsequently held at its nominal value. Where the transaction price for issued shares exceeds their nominal value, the difference is shown under equity in a share premium account with any directly attributable transaction costs associated with the issuing of said shares deducted from said share premium account.
Equity dividends are recognised in the reporting period in which they become legally payable.


3.


Employees

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

Page 5

 
CGK7 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 September 2023
2,313



At 31 August 2024

2,313



Depreciation


At 1 September 2023
578


Charge for the period on owned assets
578



At 31 August 2024

1,156



Net book value



At 31 August 2024
1,157



At 31 August 2023
1,735


5.


Fixed asset investments





Investments in associates
Unlisted investments
Total

£
£
£



Cost


At 1 September 2023
1
-
1


Additions
-
78,336
78,336



At 31 August 2024
1
78,336
78,337




Page 6

 
CGK7 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

6.


Debtors

2024
2023
£
£


Other debtors
738,241
456

Accrued income
-
250,000

738,241
250,456



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
18
1,103

Amounts owed to associate undertakings
632,657
898,820

Corporation tax
66,095
6,687

Accruals
25,397
10,500

724,167
917,110


 
Page 7