Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31false2021-01-01Other publishing activities22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03676558 2021-01-01 2021-12-31 03676558 2020-01-01 2020-12-31 03676558 2021-12-31 03676558 2020-12-31 03676558 2020-01-01 03676558 c:Director1 2021-01-01 2021-12-31 03676558 d:PlantMachinery 2021-01-01 2021-12-31 03676558 d:PlantMachinery 2021-12-31 03676558 d:PlantMachinery 2020-12-31 03676558 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 03676558 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 03676558 d:MotorVehicles 2021-01-01 2021-12-31 03676558 d:MotorVehicles 2021-12-31 03676558 d:MotorVehicles 2020-12-31 03676558 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 03676558 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 03676558 d:FurnitureFittings 2021-01-01 2021-12-31 03676558 d:FurnitureFittings 2021-12-31 03676558 d:FurnitureFittings 2020-12-31 03676558 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 03676558 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 03676558 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 03676558 d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 03676558 d:CurrentFinancialInstruments 2021-12-31 03676558 d:CurrentFinancialInstruments 2020-12-31 03676558 d:Non-currentFinancialInstruments 2021-12-31 03676558 d:Non-currentFinancialInstruments 2020-12-31 03676558 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 03676558 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 03676558 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 03676558 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 03676558 d:ShareCapital 2021-12-31 03676558 d:ShareCapital 2020-12-31 03676558 d:RetainedEarningsAccumulatedLosses 2021-12-31 03676558 d:RetainedEarningsAccumulatedLosses 2020-12-31 03676558 c:OrdinaryShareClass1 2021-01-01 2021-12-31 03676558 c:OrdinaryShareClass1 2021-12-31 03676558 c:FRS102 2021-01-01 2021-12-31 03676558 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 03676558 c:FullAccounts 2021-01-01 2021-12-31 03676558 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 03676558 d:WithinOneYear 2021-12-31 03676558 d:WithinOneYear 2020-12-31 03676558 d:BetweenOneFiveYears 2021-12-31 03676558 d:BetweenOneFiveYears 2020-12-31 03676558 6 2021-01-01 2021-12-31 03676558 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 03676558 d:AcceleratedTaxDepreciationDeferredTax 2020-12-31 03676558 2 2021-12-31 03676558 2 2020-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03676558













GOLDEN SQUARE UK LIMITED
UNAUDITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

 
GOLDEN SQUARE UK LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
GOLDEN SQUARE UK LIMITED
REGISTERED NUMBER:03676558

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
616
16,811

Current assets
  

Debtors: amounts falling due within one year
 6 
48,407
19,628

Bank & cash balances
  
95,369
25,893

  
143,776
45,521

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(42,933)
(29,386)

Net current assets
  
 
 
100,843
 
 
16,135

Total assets less current liabilities
  
101,459
32,946

Creditors: amounts falling due after more than one year
 8 
(21,834)
(22,186)

Provisions for liabilities
  

Deferred tax
 9 
(117)
(3,194)

Net assets
  
79,508
7,566


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
79,506
7,564

  
79,508
7,566


The directors consider 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 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 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.


 
Page 1

 
GOLDEN SQUARE UK LIMITED
REGISTERED NUMBER:03676558
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 August 2022.



N Mendoza
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GOLDEN SQUARE UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Golden Square UK Limited is a private limited liability company registered in England and Wales. Its registered office address and principal place of business is at 50 Albemarle St, London W1S 4BD.

The principal activity of the company continued to be that of publishing.
The company's functional and presentational currency is £ sterling.

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

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.
Revenue from publishing services is recognised in the period when the services are performed.

 
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.

Depreciation is provided on the following basis:

Plant & machinery
-
33.3%
straight line
Motor vehicles
-
16.6%
straight line
Fixtures & fittings
-
25.0%
straight line

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 the Statement of Comprehensive Income.

Page 3

 
GOLDEN SQUARE UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each Statement of Financial Position 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. 

 
2.5

Basic financial instruments

The company only enters into transactions that result in the recognition of basic financial assets and basic financial liabilities.
Basic financial assets, such as trade and other debtors, are initially recognised at the transaction price less attributable transaction costs. Basic financial liabilities, such as trade and other creditors, are initially recognised at the transaction price plus attributable transaction costs. Subsequently, they are measured at amortised cost using the effective interest method, less any impairment losses in the case of basic financial assets.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 
2.6

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
GOLDEN SQUARE UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

Tax is recognised in the Statement of Comprehensive Income, 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
1) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
2) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

Page 5

 
GOLDEN SQUARE UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost


At 1 January 2021
12,155
109,380
6,617
128,152



At 31 December 2021

12,155
109,380
6,617
128,152



Depreciation


At 1 January 2021
11,585
93,823
5,933
111,341


Charge for the year on owned assets
403
-
235
638


Charge for the year on financed assets
-
15,557
-
15,557



At 31 December 2021

11,988
109,380
6,168
127,536



Net book value



At 31 December 2021
167
-
449
616



At 31 December 2020
570
15,557
684
16,811


5.


Fixed asset investments





Unlisted investments

£



Cost


At 1 January 2021
18,820



At 31 December 2021

18,820



Impairment


At 1 January 2021
18,820



At 31 December 2021

18,820



Net book value



At 31 December 2021
-



At 31 December 2020
-

Page 6

 
GOLDEN SQUARE UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

6.


Debtors

2021
2020
£
£


Trade debtors
37,500
-

Other debtors
9,255
9,255

Prepayments and accrued income
1,652
10,373

48,407
19,628



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Other taxation and social security
28,729
1,921

Obligations under finance lease and hire purchase contracts
-
16,316

Other creditors
6,529
3,659

Accruals and deferred income
7,675
7,490

42,933
29,386


The net obligations under hire purchase contracts are secured on the assets purchased under the contracts.


8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Other creditors
21,834
22,186

21,834
22,186



9.


Deferred taxation




2021
2020


£

£






At beginning of year
3,194
6,906


Charged to profit or loss
(3,077)
(3,712)



At end of year
117
3,194

Page 7

 
GOLDEN SQUARE UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Accelerated capital allowances
117
3,194


10.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1 each
2
2



11.


Commitments under operating leases

At 31 December 2021 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2021
2020
£
£


Not later than 1 year
28,629
9,089

Later than 1 year and not later than 5 years
38,172
-

66,801
9,089

 
Page 8