Caseware UK (AP4) 2022.0.179 2022.0.179 2022-03-312022-03-31false2021-04-01Property development consultancy11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08327058 2021-04-01 2022-03-31 08327058 2020-04-01 2021-03-31 08327058 2022-03-31 08327058 2021-03-31 08327058 2020-04-01 08327058 c:Director1 2021-04-01 2022-03-31 08327058 d:OfficeEquipment 2021-04-01 2022-03-31 08327058 d:OfficeEquipment 2022-03-31 08327058 d:OfficeEquipment 2021-03-31 08327058 d:CurrentFinancialInstruments 2022-03-31 08327058 d:CurrentFinancialInstruments 2021-03-31 08327058 d:Non-currentFinancialInstruments 2022-03-31 08327058 d:Non-currentFinancialInstruments 2021-03-31 08327058 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08327058 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 08327058 d:ShareCapital 2022-03-31 08327058 d:ShareCapital 2021-03-31 08327058 d:ShareCapital 2020-04-01 08327058 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 08327058 d:RetainedEarningsAccumulatedLosses 2022-03-31 08327058 d:RetainedEarningsAccumulatedLosses 2020-04-01 2021-03-31 08327058 d:RetainedEarningsAccumulatedLosses 2021-03-31 08327058 d:RetainedEarningsAccumulatedLosses 2020-04-01 08327058 c:FRS102 2021-04-01 2022-03-31 08327058 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 08327058 c:FullAccounts 2021-04-01 2022-03-31 08327058 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 08327058 6 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 08327058










SUPERNE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

 
SUPERNE LTD
REGISTERED NUMBER: 08327058

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
1
1

Investments
 5 
3,763,046
3,421,498

  
3,763,047
3,421,499

Current assets
  

Debtors
 6 
2,934,354
3,740,438

Cash at bank and in hand
  
10,984
91,279

  
2,945,338
3,831,717

Creditors: amounts falling due within one year
 7 
(282,352)
(802,135)

Net current assets
  
 
 
2,662,986
 
 
3,029,582

Total assets less current liabilities
  
6,426,033
6,451,081

Provisions for liabilities
  

Deferred tax
  
(36,491)
-

  
 
 
(36,491)
 
 
-

Net assets
  
6,389,542
6,451,081


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
6,389,541
6,451,080

  
6,389,542
6,451,081


Page 1

 
SUPERNE LTD
REGISTERED NUMBER: 08327058
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

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 and delivered 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 Company has opted not to file the directors' report and the profit and loss account 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: 




W Cooper
Director

Date: 28 September 2023

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
SUPERNE LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2020
1
6,633,685
6,633,686



Profit for the year
-
167,395
167,395

Dividends: Equity capital
-
(350,000)
(350,000)



At 1 April 2021
1
6,451,080
6,451,081



Profit for the year
-
218,461
218,461

Dividends: Equity capital
-
(280,000)
(280,000)


At 31 March 2022
1
6,389,541
6,389,542


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
SUPERNE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Superne Ltd is a private company limited by shares, incorporated in England and Wales. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
SUPERNE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
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
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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

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
-
Over 5 year

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.

Page 5

 
SUPERNE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.7

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 balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.13

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 6

 
SUPERNE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)


2.13
Financial instruments (continued)

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 Profit and loss account.

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.

 
2.14

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2021
3,239



At 31 March 2022

3,239



Depreciation


At 1 April 2021
3,238



At 31 March 2022

3,238



Net book value



At 31 March 2022
1



At 31 March 2021
1

Page 7

 
SUPERNE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Listed investments
Total

£
£
£
£



Cost or valuation


At 1 April 2021
200
60
3,421,238
3,421,498


Additions
-
-
22,792,332
22,792,332


Disposals
-
-
(22,606,667)
(22,606,667)


Foreign exchange movement
-
-
18,687
18,687


Revaluations
-
-
137,195
137,195



At 31 March 2022
200
60
3,762,785
3,763,045




Page 8

 
SUPERNE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

6.


Debtors


2022
2021
£
£

Due after more than one year

Other debtors
1,450,000
2,175,000

1,450,000
2,175,000

Due within one year

Amounts owed by group undertakings
753,785
750,073

Other debtors
730,569
815,365

2,934,354
3,740,438



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
27,275
26,755

Other creditors
255,077
775,380

282,352
802,135



8.


Pension commitments


9.


Related party transactions

Included within other debtors is an amount owed to the director of £916 (2020: £83,226 - owed from). 

 
Page 9