ACCOUNTS - Final Accounts

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-01-312022-01-31false02021-02-01trueNo description of principal activity0false 04397161 2021-02-01 2022-01-31 04397161 2020-02-01 2021-01-31 04397161 2022-01-31 04397161 2021-01-31 04397161 c:Director1 2021-02-01 2022-01-31 04397161 c:Director2 2021-02-01 2022-01-31 04397161 c:Director2 2022-01-31 04397161 c:RegisteredOffice 2021-02-01 2022-01-31 04397161 d:PlantMachinery 2021-02-01 2022-01-31 04397161 d:PlantMachinery 2022-01-31 04397161 d:PlantMachinery 2021-01-31 04397161 d:PatentsTrademarksLicencesConcessionsSimilar 2022-01-31 04397161 d:PatentsTrademarksLicencesConcessionsSimilar 2021-01-31 04397161 d:CurrentFinancialInstruments 2022-01-31 04397161 d:CurrentFinancialInstruments 2021-01-31 04397161 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 04397161 d:CurrentFinancialInstruments d:WithinOneYear 2021-01-31 04397161 d:ShareCapital 2022-01-31 04397161 d:ShareCapital 2021-01-31 04397161 d:SharePremium 2022-01-31 04397161 d:SharePremium 2021-01-31 04397161 c:OrdinaryShareClass1 2021-02-01 2022-01-31 04397161 c:OrdinaryShareClass1 2022-01-31 04397161 c:OrdinaryShareClass1 2021-01-31 04397161 c:EntityHasNeverTraded 2021-02-01 2022-01-31 04397161 c:FRS102 2021-02-01 2022-01-31 04397161 c:AuditExempt-NoAccountantsReport 2021-02-01 2022-01-31 04397161 c:FullAccounts 2021-02-01 2022-01-31 04397161 c:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31 04397161 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2021-02-01 2022-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04397161

CAUCUS LIMITED

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

CAUCUS LIMITED

COMPANY INFORMATION

Directors	M Kaye
	T Brooks (resigned 17 December 2021)


Registered number	04397161


Registered office	Sterling House
	71 Francis Road
	Edgbaston
	Birmingham
	B16 8SP

CAUCUS LIMITED

CONTENTS

	Page
Directors' Report	1
Profit and Loss Account	2
Balance Sheet	3 - 4
Notes to the Financial Statements	5 - 9

CAUCUS LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 JANUARY 2022

The directors present their report and the financial statements for the year ended 31 January 2022.

Directors

The directors who served during the year were:

M Kaye

T Brooks (resigned 17 December 2021)

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 21 October 2022 and signed on its behalf.

M Kaye

Director

Page 1

CAUCUS LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 JANUARY 2022

The Company has not traded during the year or the preceding financial year. During these periods, the Company received no income and incurred no expenditure and therefore made neither profit or loss.

Page 2

CAUCUS LIMITED

REGISTERED NUMBER: 04397161

BALANCE SHEET

AS AT 31 JANUARY 2022

		2022		2021
Note		£		£

Fixed assets
Intangible assets			497,575		-
Tangible assets			11,636		-
			509,211		-
Current assets
Stocks		6,379		-
Cash at bank and in hand	7	1		1
		6,380		1
Creditors: amounts falling due within one year		(68,015)		-
Net current (liabilities)/assets			(61,635)		1
Total assets less current liabilities			447,576		1

Net assets			447,576		1

Capital and reserves
Called up share capital	9	101	1
Share premium account		447,475	-
		447,576	1

For the year ended 31 January 2022 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 were approved and authorised for issue by the board and were signed on its behalf on 21 October 2022.

M Kaye

Director

The notes on pages 5 to 9 form part of these financial statements.

Page 3

CAUCUS LIMITED

REGISTERED NUMBER: 04397161

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2022

Page 4

CAUCUS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

1.	General information

The Company was incorporated as a Limited Liability Company in the United Kingdom on 18 March 2002.
The Company's registered office is Sterling House, 71 Francis Road, Edgbaston, Birmingham, B16 8SP.
The Company has not traded during the year or the preceding financial year. During these periods, the Company received no income and incurred no expenditure and therefore made neither profit or loss.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland, and the Companies Act 2006.
The following accounting policy has been applied:

2.2

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.

2.3

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:

Plant & machinery

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.

Page 5

CAUCUS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

2.Accounting policies (continued)

2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.5

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.

2.6

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.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, which are described in note 2 to these financial statements, management is required to make judgements, estimates and assumptions about that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The estimates and assumptions are based on historical experience and other factors that are considered to be relevant.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.
There are no significant judgments or key assumptions concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Page 6

CAUCUS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

4.	Intangible assets

		Patents
		£
	Cost
	Additions	497,575
	At 31 January 2022	497,575

	Net book value
	At 31 January 2022	497,575
	At 31 January 2021	-

5.	Tangible fixed assets

		Plant & machinery
		£
	Cost or valuation
	Additions	11,636
	At 31 January 2022	11,636

	Net book value
	At 31 January 2022	11,636
	At 31 January 2021	-

Page 7

CAUCUS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

6.	Stocks
		2022	2021
		£	£

Raw materials and consumables	6,379	-
	6,379	-

Page 8

CAUCUS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

7.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	1	1
	1	1

8.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	50,000	-
Other creditors	18,015	-
	68,015	-

9.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

101 (2021 - 1) Ordinary shares of £1.00 each	101	1

On 16 December 2021, 100 Ordinary £1 shares were issed for a total consideration of £447,575.

10.	Ultimate Parent Undertaking and Controlling Party

The company's controlling party is Mathew Kaye by virtue of his majority shareholding.

Page 9