Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-01-01falseThe purchase and sale of locomotive engines11true 08326443 2022-01-01 2022-12-31 08326443 2021-01-01 2021-12-31 08326443 2022-12-31 08326443 2021-12-31 08326443 c:Director1 2022-01-01 2022-12-31 08326443 d:ComputerEquipment 2022-01-01 2022-12-31 08326443 d:ComputerEquipment 2022-12-31 08326443 d:ComputerEquipment 2021-12-31 08326443 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 08326443 d:CurrentFinancialInstruments 2022-12-31 08326443 d:CurrentFinancialInstruments 2021-12-31 08326443 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08326443 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 08326443 d:ShareCapital 2022-12-31 08326443 d:ShareCapital 2021-12-31 08326443 d:RetainedEarningsAccumulatedLosses 2022-12-31 08326443 d:RetainedEarningsAccumulatedLosses 2021-12-31 08326443 c:FRS102 2022-01-01 2022-12-31 08326443 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 08326443 c:FullAccounts 2022-01-01 2022-12-31 08326443 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 08326443 6 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 08326443










LYSHOEJ LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
LYSHOEJ LIMITED
REGISTERED NUMBER: 08326443

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 5 
762
852

Investments
 6 
414,264
414,264

  
415,026
415,116

Current assets
  

Debtors
 7 
184,681
178,356

Cash at bank and in hand
  
6,665
724

  
191,346
179,080

Creditors: amounts falling due within one year
 8 
(372,929)
(382,787)

Net current liabilities
  
 
 
(181,583)
 
 
(203,707)

Total assets less current liabilities
  
233,443
211,409

  

Net assets
  
233,443
211,409


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
233,343
211,309

  
233,443
211,409


Page 1

 
LYSHOEJ LIMITED
REGISTERED NUMBER: 08326443
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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: 




Mr K H Mengel
Director

Date: 30 September 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LYSHOEJ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Lyshoej Limited is a private company limited by shares, incorporated in England & Wales, in the United Kingdom. The address of the registered office is Flat D, 44 Lexham Gardens, London, W8 5JE.

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 judgement in applying the Company's accounting policies (see note 3).

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has considered the risks to operations and finances and has identified no material uncertainties that cast significant doubt on the company's ability to continue as a going concern.

Page 3

 
LYSHOEJ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.4

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 4

 
LYSHOEJ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

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.

The estimated useful lives range as follows:

Computer equipment
-
3
years

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

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.

 
2.7

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 5

 
LYSHOEJ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.


Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made by management in preparing these financial statements.


4.


Employees

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

Page 6

 
LYSHOEJ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2022
1,278


Additions
503



At 31 December 2022

1,781



Depreciation


At 1 January 2022
426


Charge for the year on owned assets
593



At 31 December 2022

1,019



Net book value



At 31 December 2022
762



At 31 December 2021
852


6.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 January 2022
414,264



At 31 December 2022
414,264




Page 7

 
LYSHOEJ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Debtors


2022
2021
£
£



Trade debtors
184,681
177,731

Prepayments and accrued income
-
625

184,681
178,356



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
770
1,313

Other taxation and social security
27,720
46,884

Other creditors
342,204
332,976

Accruals and deferred income
2,235
1,614

372,929
382,787


 
Page 8