ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-03-312017-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2016-04-01 07180224 2016-04-01 2017-03-31 07180224 2015-04-01 2016-03-31 07180224 2017-03-31 07180224 2016-03-31 07180224 c:Director1 2016-04-01 2017-03-31 07180224 d:Goodwill 2017-03-31 07180224 d:Goodwill 2016-03-31 07180224 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2017-03-31 07180224 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2016-03-31 07180224 d:CurrentFinancialInstruments 2017-03-31 07180224 d:CurrentFinancialInstruments 2016-03-31 07180224 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 07180224 d:CurrentFinancialInstruments d:WithinOneYear 2016-03-31 07180224 d:ShareCapital 2017-03-31 07180224 d:ShareCapital 2016-03-31 07180224 d:RetainedEarningsAccumulatedLosses 2017-03-31 07180224 d:RetainedEarningsAccumulatedLosses 2016-03-31 07180224 c:FRS102 2016-04-01 2017-03-31 07180224 c:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 07180224 c:FullAccounts 2016-04-01 2017-03-31 07180224 c:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 iso4217:GBP xbrli:pure

Registered number: 07180224

EDGARCH LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2017

EDGARCH LIMITED

REGISTERED NUMBER: 07180224

BALANCE SHEET

AS AT 31 MARCH 2017

		2017		2016
Note		£		£

Fixed assets
Investments	5		380,000		380,000
			380,000		380,000
Current assets
Debtors: amounts falling due within one year	6	68,074		68,074
Cash at bank and in hand	7	70		70
		68,144		68,144
Creditors: amounts falling due within one year	8	(111,984)		(111,984)
Net current liabilities			(43,840)		(43,840)
Total assets less current liabilities			336,160		336,160

Net assets			336,160		336,160

Capital and reserves
Called up share capital	2	2
Profit and loss account	336,158	336,158
	336,160	336,160

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 Companies Act 2006.

The director acknowledges her 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 by:

C Rosenberg

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EDGARCH LIMITED

REGISTERED NUMBER: 07180224

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2017

Director

Date: 25 March 2018

The notes on pages 3 to 6 form part of these financial statements.

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EDGARCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

1.	General information

Edgarch Limited is a private company limited by shares incorporated in England and Wales. The registered address is 15 St. Leonards Close, Bushey, WD23 2DB.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue represents amounts receivable in respect of profit share from Stuart Rosenberg LLP.

2.3

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.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

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.

2.6

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.

2.7

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.

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EDGARCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

2.Accounting policies (continued)

2.8

Taxation

Tax is recognised in the Statement of income and retained earnings, 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.

Employees

The average monthly number of employees, including directors, during the year was 1 (2016 - 1).

4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 April 2016	3,056
	At 31 March 2017	3,056
	Amortisation
	At 1 April 2016	3,056
	At 31 March 2017	3,056
	Net book value
	At 31 March 2017	-
	At 31 March 2016	-

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EDGARCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

5.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	At 1 April 2016	380,000
	At 31 March 2017	380,000

	Net book value
	At 31 March 2017	380,000
	At 31 March 2016	380,000

Debtors

					2017	2016
					£	£


Other debtors	68,074	68,074
	68,074	68,074

7.	Cash and cash equivalents
		2017	2016
		£	£

Cash at bank and in hand	70	70
	70	70

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EDGARCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

8.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Corporation tax	6,080	6,080
Other creditors	105,904	105,904
	111,984	111,984

9.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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