Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 false false 2024-04-01 No description of principal activity 1 1 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14785747 2024-04-01 2025-03-31 14785747 2023-04-06 2024-03-31 14785747 2025-03-31 14785747 2024-03-31 14785747 c:Director1 2024-04-01 2025-03-31 14785747 d:FurnitureFittings 2024-04-01 2025-03-31 14785747 d:FurnitureFittings 2025-03-31 14785747 d:FurnitureFittings 2024-03-31 14785747 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 14785747 d:OfficeEquipment 2024-04-01 2025-03-31 14785747 d:OfficeEquipment 2025-03-31 14785747 d:OfficeEquipment 2024-03-31 14785747 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 14785747 d:ComputerEquipment 2024-04-01 2025-03-31 14785747 d:ComputerEquipment 2025-03-31 14785747 d:ComputerEquipment 2024-03-31 14785747 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 14785747 d:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 14785747 d:OtherPropertyPlantEquipment 2025-03-31 14785747 d:OtherPropertyPlantEquipment 2024-03-31 14785747 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 14785747 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 14785747 d:CurrentFinancialInstruments 2025-03-31 14785747 d:CurrentFinancialInstruments 2024-03-31 14785747 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 14785747 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14785747 d:ShareCapital 2025-03-31 14785747 d:ShareCapital 2024-03-31 14785747 d:RetainedEarningsAccumulatedLosses 2025-03-31 14785747 d:RetainedEarningsAccumulatedLosses 2024-03-31 14785747 c:FRS102 2024-04-01 2025-03-31 14785747 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 14785747 c:FullAccounts 2024-04-01 2025-03-31 14785747 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14785747 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 14785747 FINCH BAY LTD UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
|  | REGISTERED NUMBER:14785747
FINCH BAY LTD BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 34,680 |  | 51,359
|  |  | 34,680 |  | 51,359
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 356,984 |  | 425,789 |
Current asset investments | 6 | 5,000 |  | 5,000 |
Bank and cash balances |  | 64,130 |  | 86 |
|  | 426,114 |  | 430,875 |
Creditors: amounts falling due within one year | 7 | (408,920) |  | (465,325) |
Net current assets/(liabilities) |  |  | 17,194 |  | (34,450)
Total assets less current liabilities |  |  | 51,874 |  | 16,909
Net assets |  |  | 51,874 |  | 16,909
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 51,873 |  | 16,908
|  |  | 51,874 |  | 16,909
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 6 February 2026.
L Markel
Page 1
|  | REGISTERED NUMBER:14785747
FINCH BAY LTD BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025
Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
FINCH BAY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
1. | General information
The company is registered in England and Wales. The address of the register office is 3rd Floor North, 7-10 Chandos Street, London, W1G 9DQ. 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 requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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:
| 2.3 | Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 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.
| 2.5 | 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. Page 3
FINCH BAY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Tangible fixed assets (continued)
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:
|  |  |  | Fixtures and fittings | - | 15% |
|  |  |  | Office equipment | - | 10% |
|  |  |  | Computer equipment | - | 15% |
|  |  |  | Leasehold improvements | - | 20% |
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.
| 2.6 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. 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. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Page 4
FINCH BAY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | Financial instruments (continued)
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
3. | Employees
| The average monthly number of employees, including directors, during the period was 1 (2024 - 1).
4. | Tangible fixed assets
|  | Fixtures and fittings | Office equipment | Computer equipment | Leasehold improvements | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 April 2024 | 2,877 | 3,318 | 13,740 | 41,987 | 61,922
| Additions | - | - | 2,761 | - | 2,761
| At 31 March 2025 | 2,877 | 3,318 | 16,501 | 41,987 | 64,683
| Depreciation |  |  |  |  |
| At 1 April 2024 | 420 | 346 | 1,812 | 7,985 | 10,563
| Charge for the period on owned assets | 719 | 829 | 3,896 | 13,996 | 19,440
| At 31 March 2025 | 1,139 | 1,175 | 5,708 | 21,981 | 30,003
| Net book value |  |  |  |  |
| At 31 March 2025 | 1,738 | 2,143 | 10,793 | 20,006 | 34,680
| At 31 March 2024 | 2,457 | 2,972 | 11,928 | 34,002 | 51,359
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FINCH BAY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 19,985 | -
| Other debtors | 115,450 | 115,451
| Prepayments and accrued income | 187,151 | 197,251
| Tax recoverable | 34,398 | 113,087
|  | 356,984 | 425,789
6. | Current asset investments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Investment in Finch Bay Capital LLP | 5,000 | 5,000
|  | 5,000 | 5,000
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | - | 29
| Trade creditors | 132,386 | 203,172
| Corporation tax | 29,463 | 14,190
| Other creditors | 195,309 | 221,102
| Accruals and deferred income | 51,762 | 26,832
|  | 408,920 | 465,325
8. | Controlling party
The ultimate controlling party is L Markel.
Page 6