City of London Markets Limited
Annual Report and Financial Statements
For the year ended 30 September 2018
Company Registration No. 08329071 (England and Wales)
City of London Markets Limited
Company Information
Director
B O'Donohue
(Appointed 1 September 2018)
Secretary
B O'Donohue
Company number
08329071
Registered office
1 Royal Exchange
London
EC3V 3DG
Auditor
Kingston Smith LLP
Devonshire House
60 Goswell Road
London
EC1M 7AD
City of London Markets Limited
Contents
Page
Strategic report
1
Director's report
2
Director's responsibilities statement
3
Independent auditor's report
4 - 6
Profit and loss account
7
Balance sheet
8
Statement of changes in equity
9
Statement of cash flows
10
Notes to the financial statements
11 - 17
City of London Markets Limited
Strategic Report
For the year ended 30 September 2018
Page 1
The director presents the strategic report for the year ended 30 September 2018.
Fair review of the business
The principle activity of the firm during the period under review continued to be that of an advisory stockbroking and investment management firm.
During the year revenue was £29
6,980
(2017: £383,576). The director expects turnover to increase materially in the next reporting period and that prospects for the company are good going forward. The company generated a loss of £
77,312
(2017: £320,937) during the year with cash at bank and hand at balance sheet date of £1,703 (2017: £19,308)
.
Principal risks and uncertainties
FCA compliance and regulations are a key risk for the business. Since the end of the accounting period the company has embarked on a set of measures to address these risks. This primarily involves hiring a full time Chief Executive Officer (CEO) and a dedicated Head of Compliance who are together conducting an overhaul of the firm’s systems and processes.
The company has been affected by shortcomings in systems and controls under previous management. The new management team is in the process of addressing these shortcomings and, while there is much work to be done it is fair to say that significant progress has been made.
Key performance indicators
As an investment manager, assets under management (AUM) is a key metric by which the company is measured. AUM at the financial year end was circa £8,000,000. While management will have a growth-agenda going forward the current focus is not on growth but on bolstering the firm’s internal systems and controls. Management is confident that once these issues have been addressed the firm will return to profitability and, a sustainable growth trajectory.
B O'Donohue
Director
30 April 2019
City of London Markets Limited
Director's Report
For the year ended 30 September 2018
Page 2
The director presents his report and financial statements for the year ended 30 September 2018.
In accordance with s414C(11) of the Companies Act 2006, the information relating to future developments and financial risk management is included in the Strategic Report.
Principal activities
The principal activity of the company continued to be that of stockbroking and investment management.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
B O'Donohue
(Appointed 1 September 2018)
J Douglas
(Resigned 10 September 2018)
A Turtle
(Resigned 6 June 2018)
Results and dividends
The results for the year are set out on page 7.
No ordinary dividends were paid. The director does not recommend payment of a final dividend.
Auditor
The auditor, Kingston Smith LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.
Statement of disclosure to auditor
So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.
Pillar 3 disclosures
Details of the company's unaudited Pillar 3 disclosures required under section II of the FCA's Prudential Sourcebook for Banks, Building Societies and Investment Firms (BIPRU), can be found at the following website: www.cityoflondonmarkets.com
On behalf of the board
B O'Donohue
Director
30 April 2019
City of London Markets Limited
Director's Responsibilities Statement
For the year ended 30 September 2018
Page 3
The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
City of London Markets Limited
Independent Auditor's Report
To the Members of City of London Markets Limited
Page 4
Disclaimer of opinion
We were engaged to audit the financial statements of City of London Markets for the year ended 30 September 2018 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).
We do not express an opinion on the financial statements of the company. Because of the significance of the matters described in the Basis for disclaimer of opinion section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the financial statements.
Basis for disclaimer on financial statements
The audit evidence available to us was limited because of the following factors. The director of the company has prepared cash flow forecasts which indicate further working capital of £350,000 will be required over the next 12 months. The company is dependent on the availability of this funding in order to continue in business and meet its liabilities as they fall due. Although the company is in negotiation to ensure the additional funding is received, these negotiations have not as yet concluded. As explained in note 1.2, the directors believe that it is likely that these facilities will be successfully negotiated, however there can be no certainty in this respect. As a result of this limitation, we have been unable to obtain sufficient appropriate audit evidence concerning the appropriateness of the going concern basis of preparation of the financial statements.
The audit evidence available to us in respect of the comparative figure for provisions for liabilities was also limited. We were unable to determine whether the amount included in the financial statements of £253,350 was sufficient to cover the potential liability thereon or the course of action of the regulator. The accuracy of this provision also affects the estimate of the additional funding required.
The director is responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the
financial statements
does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
Notwithstanding our disclaimer of opinion on the view given by the financial statements, in our opinion:
City of London Markets Limited
Independent Auditor's Report (Continued)
To the Members of City of London Markets Limited
Page 5
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie
d
material misstatements in the Strategic Report and the Director's Report
.
Arising from the limitation of our work referred to above:
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
Responsibilities of director
As explained more fully in the Director's Responsibilities Statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the director is responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our responsibility is to conduct a audit in accordance with International Standards on Auditing (UK) (ISAs(UK)) and applicable law. However, because of the matter described in the Basis for disclaimer of opinion section, we were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the financial statements.
We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.
City of London Markets Limited
Independent Auditor's Report (Continued)
To the Members of City of London Markets Limited
Page 6
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken
for no purpose other than to draw to the attention of
the company’s members those matters we are required to
include
in an auditor's report
addressed to them.
To the fullest extent permitted by law, we do not accept or assume responsibility to
any party
other than the company and the company’s members as a body, for our work, for this report, or for the opinions we have formed.
Thomas Moore (Senior Statutory Auditor)
for and on behalf of Kingston Smith LLP
1 May 2019
Chartered Accountants
Statutory Auditor
Devonshire House
60 Goswell Road
London
EC1M 7AD
City of London Markets Limited
Profit and Loss Account
For the year ended 30 September 2018
Page 7
2018
2017
Notes
£
£
Turnover
3
296,980
383,576
Cost of sales
(232,563)
(278,825)
Gross profit
64,417
104,751
Administrative expenses
(141,729)
(413,802)
Operating loss
4
(77,312)
(309,051)
Interest payable and similar expenses
6
-
(229)
Loss before taxation
(77,312)
(309,280)
Taxation
7
-
(11,657)
Loss for the financial year
(77,312)
(320,937)
The Profit And Loss Account has been prepared on the basis that all operations are continuing operations. There are no items considered to be classified as other comprehensive income, and as such a Statement of Comprehensive Income has not been included in the report.
City of London Markets Limited
Balance Sheet
As at 30 September 2018
Page 8
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
8
321
722
Current assets
Debtors
10
22,054
25,751
Cash at bank and in hand
1,703
19,308
23,757
45,059
Creditors: amounts falling due within one year
11
(125,095)
(71,967)
Net current liabilities
(101,338)
(26,908)
Total assets less current liabilities
(101,017)
(26,186)
Provisions for liabilities
12
(255,831)
(253,350)
Net liabilities
(356,848)
(279,536)
Capital and reserves
Called up share capital
13
158,000
158,000
Profit and loss reserves
(514,848)
(437,536)
Total equity
(356,848)
(279,536)
The financial statements were approved by the board of directors and authorised for issue on 30 April 2019 and are signed on its behalf by:
B O'Donohue
Director
Company Registration No. 08329071
City of London Markets Limited
Statement of Changes in Equity
For the year ended 30 September 2018
Page 9
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 October 2016
158,000
(116,599)
41,401
Year ended 30 September 2017:
Loss and total comprehensive income for the year
-
(320,937)
(320,937)
Balance at 30 September 2017
158,000
(437,536)
(279,536)
Year ended 30 September 2018:
Loss and total comprehensive income for the year
-
(77,312)
(77,312)
Balance at 30 September 2018
158,000
(514,848)
(356,848)
City of London Markets Limited
Statement of Cash Flows
For the year ended 30 September 2018
Page 10
2018
2017
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
16
(17,605)
24,139
Interest paid
-
(229)
Income taxes paid
-
(11,657)
Net cash (outflow)/inflow from operating activities
(17,605)
12,253
Investing activities
Purchase of tangible fixed assets
-
(642)
Net cash used in investing activities
-
(642)
Net cash used in financing activities
-
-
Net (decrease)/increase in cash and cash equivalents
(17,605)
11,611
Cash and cash equivalents at beginning of year
19,308
7,697
Cash and cash equivalents at end of year
1,703
19,308
City of London Markets Limited
Notes to the Financial Statements
For the year ended 30 September 2018
Page 11
1
Accounting policies
Company information
City of London Markets Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Devonshire House, 60 Goswell Road, London, EC1M 7AD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
During the year the company made a net loss of £77,312 (2017: £320,937) and at the balance sheet date had net liabilities of £356,848 (2017: £279,536).
The ability of the company to continue in business as a going concern and meet its liabilities as they fall due is contingent on the ability of the company to raise further finance sufficient to cover the operating costs of the business and to meet its regulatory capital requirements for at least twelve months from the date of approval of the financial statements. The director is in negotiations to obtain the additional funding and whilst the negotiations have not yet been concluded the director is confident that sufficient finance will be able to be obtained. Consequently, the financial statements have been prepared on the going concern basis.
1.3
Turnover
Turnover represents amounts receivable for
investment management and stockbroking
services
.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
4 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.5
Impairment of fixed assets
At each reporting end date, the
company
reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
City of London Markets Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2018
1
Accounting policies
(Continued)
Page 12
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit)
in
prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
1.6
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks
and
other short-term liquid investments with original maturities of three months or less
.
Bank overdrafts are shown within borrowings in current liabilities.
1.7
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Impairment of financial assets
Financial assets, other than those
held
at
fair value through profit and loss
, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.
If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when
the company
transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
City of London Markets Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2018
1
Accounting policies
(Continued)
Page 13
Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts,
are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are
s
ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.
Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as
being measured at
fair value though profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations
expire or are discharged or cancelled.
1.8
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.9
Taxation
The tax expense represents the sum of the tax currently payable
.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.10
Provisions
Provisions are recognised when the
company
has a legal or constructive present obligation as a result of a past event, it is probable that the
company
will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.
Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i
s
measured at present value
,
the unwinding of the discount is recognised as a finance cost in profit or loss in the period
in which
it arises.
1.11
Leases
Rentals payable under operating leases,
including
any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
City of London Markets Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2018
1
Accounting policies
(Continued)
Page 14
1.12
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Critical judgements
The following judgements have had the most significant
effect on amounts recognised in the financial statements.
Claims for provisions and sanctions
Included within provisions is an amount of £255,831 (2017: £253,350) which is an estimate of the potential liabilities due in respect of customer remediation and regulatory breaches. Investigations are ongoing into these issues and as such the valuation of the estimates is uncertain, although the director believes the estimates to be sufficient to cover the potential liability.
3
Turnover and other revenue
An analysis of the company's turnover is as follows:
2018
2017
£
£
Turnover analysed by class of business
Stockbroking and investment management services
296,980
383,576
2018
2017
£
£
Turnover analysed by geographical market
United Kingdom
296,980
383,576
City of London Markets Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2018
Page 15
4
Operating loss
2018
2017
Operating loss for the year is stated after charging:
£
£
Exchange (gains)/losses
-
233
Fees payable to the company's auditor for the audit of the company's financial statements
16,524
11,320
Depreciation of owned tangible fixed assets
401
401
5
Employees
There were no persons (excluding directors) employed by the company during the year or prior year.
6
Interest payable and similar expenses
2018
2017
£
£
Other finance costs:
Other interest
-
229
7
Taxation
2018
2017
£
£
Current tax
UK corporation tax on profits for the current period
-
11,657
The actual charge for the year can be reconciled to the expected credit for the year based on the profit or loss and the standard rate of tax as follows:
2018
2017
£
£
Loss before taxation
(77,312)
(309,280)
Expected tax credit based on the standard rate of corporation tax in the UK of 19.00% (2017: 19.00%)
(14,689)
(58,763)
Tax effect of expenses that are not deductible in determining taxable profit
7,775
47,230
Unutilised tax losses carried forward
6,914
12,175
Permanent capital allowances
-
(642)
s455 tax charged to profit and loss
-
11,657
Taxation charge for the year
-
11,657
No deferred tax asset has been recognised on trading losses in either the current or prior year because of the uncertainty of profits arising in future periods. At the year end date, the company has trading losses carried forward of £203,138 (2017: £166,745).
City of London Markets Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2018
Page 16
8
Tangible fixed assets
Computer equipment
£
Cost
At 1 October 2017 and 30 September 2018
1,603
Depreciation and impairment
At 1 October 2017
881
Depreciation charged in the year
401
At 30 September 2018
1,282
Carrying amount
At 30 September 2018
321
At 30 September 2017
722
9
Financial instruments
2018
2017
£
£
Carrying amount of financial assets
Debt instruments measured at amortised cost
22,054
25,751
Carrying amount of financial liabilities
Measured at amortised cost
125,095
71,967
10
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
22,054
25,751
11
Creditors: amounts falling due within one year
2018
2017
£
£
Trade creditors
40,091
9,367
Other creditors
69,404
50,000
Accruals and deferred income
15,600
12,600
125,095
71,967
City of London Markets Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2018
Page 17
12
Provisions for liabilities
2018
2017
£
£
Provisions for claims and sanctions
255,831
253,350
13
Share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
158,000 ordinary shares of £1 each
158,000
158,000
14
Related party transactions
During the year a loan due from J Douglas to the company of £37,362 was written off. The balance had accumulated entirely during the current year. No interest was charged on the loan.
During the year there were commission payments of £2,532 (2017: £10,064) made to White Iron Securities Limited, an entity in which J Douglas has a material interest.
Included within other creditors due within one year is an amount of £4,420 (2017: £nil) due to B O'Donohue. No interest is being charged on the loan.
15
Controlling party
The controlling party is J Douglas by virtue of his 100% holding in the company.
16
Cash generated from operations
2018
2017
£
£
Loss for the year after tax
(77,312)
(320,937)
Adjustments for:
Taxation charged
-
11,657
Finance costs
-
229
Depreciation and impairment of tangible fixed assets
401
401
Increase in provisions
2,481
253,350
Movements in working capital:
Decrease in debtors
3,697
17,116
Increase in creditors
53,128
62,323
Cash (absorbed by)/generated from operations
(17,605)
24,139
2018-09-30
2017-10-01
false
CCH Software
CCH Accounts Production 2018.300
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J Douglas
A Turtle
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