Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312021-09-23truetruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity 13639758 2021-09-22 13639758 2021-09-23 2021-12-31 13639758 2021-12-31 13639758 c:Director1 2021-09-23 2021-12-31 13639758 c:Director1 2021-12-31 13639758 c:RegisteredOffice 2021-09-23 2021-12-31 13639758 d:CurrentFinancialInstruments 2021-12-31 13639758 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 13639758 d:ShareCapital 2021-12-31 13639758 d:RetainedEarningsAccumulatedLosses 2021-12-31 13639758 c:OrdinaryShareClass1 2021-09-23 2021-12-31 13639758 c:OrdinaryShareClass1 2021-12-31 13639758 c:FRS102 2021-09-23 2021-12-31 13639758 c:AuditExempt-NoAccountantsReport 2021-09-23 2021-12-31 13639758 c:FullAccounts 2021-09-23 2021-12-31 13639758 c:PrivateLimitedCompanyLtd 2021-09-23 2021-12-31 13639758 6 2021-09-23 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13639758









CERITER INVESTMENTS 1 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2021

 
CERITER INVESTMENTS 1 LTD
 
 
COMPANY INFORMATION


Director
C Edmonds (appointed 23 September 2021)




Registered number
13639758



Registered office
Prince Albert House
18a/20 King Street

Maidenhead

Berkshire

SL6 1EF




Accountants
Donald Reid Limited
Chartered Accountants

18a/20 King Street

Maidenhead

Berkshire

SL6 1EF





 
CERITER INVESTMENTS 1 LTD
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6


 
CERITER INVESTMENTS 1 LTD
REGISTERED NUMBER: 13639758

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
Note
£

Fixed assets
  

Investments
 4 
325,980

  
325,980

Current assets
  

Debtors: amounts falling due within one year
 5 
65,642

Cash at bank and in hand
 6 
500

  
66,142

Creditors: amounts falling due within one year
 7 
(390,668)

Net current (liabilities)/assets
  
 
 
(324,526)

Total assets less current liabilities
  
1,454

  

Net assets
  
1,454


Capital and reserves
  

Called up share capital 
 8 
100

Profit and loss account
  
1,354

  
1,454


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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 on 1 July 2022.




Page 1

 
CERITER INVESTMENTS 1 LTD
REGISTERED NUMBER: 13639758
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021


C Edmonds
Director

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

Page 2

 
CERITER INVESTMENTS 1 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

1.


General information

Ceriter Investments 1 Ltd is a private company limited by shares. The company was incorporated in the United Kingdom and is registered in England and Wales. The registered office address is Prince Albert House, 18a/20 King Street, Maidenhead, Berkshire, SL6 1EF. 

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 is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss 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.

 
2.4

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet 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.

Page 3

 
CERITER INVESTMENTS 1 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.5

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is
Page 4

 
CERITER INVESTMENTS 1 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)


2.9
Financial instruments (continued)

an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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 period was 1.


4.


Fixed asset investments





Investments in associates

£



Cost or valuation


Additions
325,980



At 31 December 2021
325,980





5.


Debtors

2021
£


Trade debtors
2,400

Other debtors
63,242

65,642


Page 5

 
CERITER INVESTMENTS 1 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

6.


Cash and cash equivalents

2021
£

Cash at bank and in hand
500

500



7.


Creditors: Amounts falling due within one year

2021
£

Trade creditors
300

Corporation tax
376

Other taxation and social security
350

Other creditors
389,642

390,668



8.


Share capital

2021
£
Allotted, called up and fully paid


100 A shares of £1.00 each
100


During the period, 100 A shares of £1 each were allotted for the aggregate consideration of £100.


9.


Related party transactions

At the period end, included in other creditors is the amount of £389,642 owed by the company to a company under common control.
At the period end, included in other debtors is the amount of £63,142 owed to the company by an associate company.

 
Page 6