Caseware UK (AP4) 2021.0.152 2021.0.152 2021-11-302021-11-30trueNo description of principal activityfalse2020-12-0122trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09791549 2020-12-01 2021-11-30 09791549 2019-12-01 2020-11-30 09791549 2021-11-30 09791549 2020-11-30 09791549 c:Director1 2020-12-01 2021-11-30 09791549 c:Director2 2020-12-01 2021-11-30 09791549 d:CurrentFinancialInstruments 2021-11-30 09791549 d:CurrentFinancialInstruments 2020-11-30 09791549 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 09791549 d:CurrentFinancialInstruments d:WithinOneYear 2020-11-30 09791549 d:ShareCapital 2021-11-30 09791549 d:ShareCapital 2020-11-30 09791549 d:SharePremium 2021-11-30 09791549 d:SharePremium 2020-11-30 09791549 d:RetainedEarningsAccumulatedLosses 2021-11-30 09791549 d:RetainedEarningsAccumulatedLosses 2020-11-30 09791549 c:OrdinaryShareClass1 2020-12-01 2021-11-30 09791549 c:OrdinaryShareClass1 2021-11-30 09791549 c:OrdinaryShareClass1 2020-11-30 09791549 c:FRS102 2020-12-01 2021-11-30 09791549 c:AuditExempt-NoAccountantsReport 2020-12-01 2021-11-30 09791549 c:FullAccounts 2020-12-01 2021-11-30 09791549 c:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 09791549 6 2020-12-01 2021-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09791549









THE LAUNDRY E8 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2021

 
THE LAUNDRY E8 LIMITED
REGISTERED NUMBER: 09791549

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2021

2021
2020
Note
£
£

Investments
 4 
100
7,575,809

Current assets
  

Debtors: amounts falling due within one year
 5 
4,501,531
700

Bank and cash balances
  
16,807
5,882

  
4,518,338
6,582

Creditors: amounts falling due within one year
 6 
(11,610)
(3,051,000)

Net current assets/(liabilities)
  
 
 
4,506,728
 
 
(3,044,418)

Total assets less current liabilities
  
4,506,828
4,531,391

  

Net assets
  
4,506,828
4,531,391


Capital and reserves
  

Called up share capital 
 7 
600
600

Share premium account
  
4,499,400
4,499,400

Profit and loss account
  
6,828
31,391

  
4,506,828
4,531,391


Page 1

 
THE LAUNDRY E8 LIMITED
REGISTERED NUMBER: 09791549
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2021

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 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: 





R Nayak
M C Turner
Director
Director


Date: 16 August 2022
Date16 August 2022

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

Page 2

 
THE LAUNDRY E8 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1.


General information

The principal activity of the company is that of a holding company.
The company is a private company limited by shares and incorporated in England and Wales.
The registered office of the company is 8 Tytherton Road, London, N19 4QE.

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.3

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. 

 
2.4

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 3

 
THE LAUNDRY E8 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors and creditors and loans to and from related parties.
(i) Financial assets
Basic financial assets, amounts due from related companies, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. 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 the Statement of Income and Retained Earnings.
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.
(ii) Financial liabilities
Basic financial liabilities, including other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and 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.


3.


Employees

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

Page 4

 
THE LAUNDRY E8 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2020
7,575,809



At 30 November 2021

7,575,809



Impairment


Charge for the period
7,575,709



At 30 November 2021

7,575,709



Net book value



At 30 November 2021
100



At 30 November 2020
7,575,809


5.


Debtors

2021
2020
£
£


Other debtors
4,501,531
700



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
60
-

Amounts owed to group undertakings
-
3,050,000

Accruals and deferred income
11,550
1,000

11,610
3,051,000


Page 5

 
THE LAUNDRY E8 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

7.


Share capital

2021
2020
£
£
Authorised, allotted, called up and fully paid



600 (2020 - 600) Ordinary shares of £1.00 each
600
600


 
Page 6