Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31false2021-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Ready-made interactive leisure and entertainment software development11truetrue 06808511 2021-01-01 2021-12-31 06808511 2019-08-01 2020-12-31 06808511 2021-12-31 06808511 2020-12-31 06808511 c:Director2 2021-01-01 2021-12-31 06808511 d:OfficeEquipment 2021-01-01 2021-12-31 06808511 d:CurrentFinancialInstruments 2021-12-31 06808511 d:CurrentFinancialInstruments 2020-12-31 06808511 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 06808511 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 06808511 d:ShareCapital 2021-12-31 06808511 d:ShareCapital 2020-12-31 06808511 d:RetainedEarningsAccumulatedLosses 2021-12-31 06808511 d:RetainedEarningsAccumulatedLosses 2020-12-31 06808511 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2021-12-31 06808511 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2020-12-31 06808511 c:FRS102 2021-01-01 2021-12-31 06808511 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 06808511 c:FullAccounts 2021-01-01 2021-12-31 06808511 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number:  06808511














PAPER ON GLASS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


 
PAPER ON GLASS LIMITED
REGISTERED NUMBER: 06808511

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

  

  

Creditors: amounts falling due within one year
 4 
(249,029)
(249,029)

Net current liabilities
  
 
 
(249,029)
 
 
(249,029)

Total assets less current liabilities
  
(249,029)
(249,029)

  

Net liabilities
  
(249,029)
(249,029)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(249,129)
(249,129)

  
(249,029)
(249,029)


Page 1

 
PAPER ON GLASS LIMITED
REGISTERED NUMBER: 06808511
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

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 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 by: 



J Matthews
Director

Date: 31 August 2022

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
PAPER ON GLASS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no. 06808511). The address of the registered office is The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ.
These financial statements present information about a company as an individual undertaking. The principal activity of the company is that of software development.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25% 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 profit or loss.

 
2.3

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.

 
2.4

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.

Page 3

 
PAPER ON GLASS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).


4.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
350
350

Amounts owed to group undertakings
247,179
247,179

Accruals and deferred income
1,500
1,500

249,029
249,029



5.


Financial instruments

2021
2020
£
£



Financial liabilities


Financial liabilities measured at amortised cost
249,029
249,029


Financial liabilities measured at amortised cost comprise of trade creditors, other creditors and accruals.


6.


Related party transactions

Included in other creditors is an amount of £247,179 (2020: 247,179) owed to LCTM Holdings Limited, its parent company. The loan is repayable on demand and no interest has been charged.


7.


Controlling party

LCTM Holdings Limited is the ultimate parent undertaking, its registered office address is The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ.

 
Page 4