Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Business Management Consultancy2021-01-011true1 04611767 2021-01-01 2021-12-31 04611767 2021-12-31 04611767 2020-01-01 2020-12-31 04611767 2020-12-31 04611767 c:Director1 2021-01-01 2021-12-31 04611767 d:ComputerEquipment 2021-01-01 2021-12-31 04611767 d:ComputerEquipment 2021-12-31 04611767 d:ComputerEquipment 2020-12-31 04611767 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 04611767 d:CurrentFinancialInstruments 2021-12-31 04611767 d:CurrentFinancialInstruments 2020-12-31 04611767 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 04611767 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 04611767 d:ShareCapital 2021-12-31 04611767 d:ShareCapital 2020-12-31 04611767 d:RetainedEarningsAccumulatedLosses 2021-12-31 04611767 d:RetainedEarningsAccumulatedLosses 2020-12-31 04611767 c:FRS102 2021-01-01 2021-12-31 04611767 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 04611767 c:FullAccounts 2021-01-01 2021-12-31 04611767 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 04611767 2 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure
Registered number: 04611767


USP BUSINESS DEVELOPMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

 
USP BUSINESS DEVELOPMENT LIMITED
REGISTERED NUMBER: 04611767

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
605
-

  
605
-

Current assets
  

Debtors: amounts falling due within one year
 5 
524
4,640

Cash at bank and in hand
 6 
3,301
471

  
3,825
5,111

Creditors: amounts falling due within one year
 7 
(14,081)
(8,630)

Net current liabilities
  
 
 
(10,256)
 
 
(3,519)

Total assets less current liabilities
  
(9,651)
(3,519)

  

Net liabilities
  
(9,651)
(3,519)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(9,653)
(3,521)

  
(9,651)
(3,519)


Page 1

 
USP BUSINESS DEVELOPMENT LIMITED
REGISTERED NUMBER: 04611767
    
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 her 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: 




................................................
Ms S McCauley
Director

Date: 22 August 2022

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

Page 2

 
USP BUSINESS DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

USP Business Development Limited is a private company, limited by shares, domiciled in England and Wales, registration number 04611767. The registered office is 1 Vincent Square, London, SW1P 2PN.

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

Going concern

The company continues to meet its day to day working requirements from loans leveraged by the directors and shareholders from associated business interests. The company is therefore dependent upon the support of these loan facilities in order to continue as a going concern.
The directors are satisfied that they can continue to finance the operations of the business in this manner and enable the company to achieve profitability. Accordingly, the directors consider it appropriate to prepare these accounts on a going concern basis.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

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.

Page 3

 
USP BUSINESS DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Computer equipment
-
33%
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.

 
2.6

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.


3.


Employees

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

Page 4

 
USP BUSINESS DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
908



At 31 December 2021

908



Depreciation


Charge for the year on owned assets
303



At 31 December 2021

303



Net book value



At 31 December 2021
605



At 31 December 2020
-


5.


Debtors

2021
2020
£
£


Other debtors
524
4,640

524
4,640



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
3,301
471

3,301
471


Page 5

 
USP BUSINESS DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Other creditors
14,081
8,630

14,081
8,630


 
Page 6