Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312021-12-01falseNo description of principal activity1512falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04336540 2021-12-01 2022-12-31 04336540 2020-12-01 2021-11-30 04336540 2022-12-31 04336540 2021-11-30 04336540 c:Director1 2021-12-01 2022-12-31 04336540 d:OfficeEquipment 2021-12-01 2022-12-31 04336540 d:OfficeEquipment 2022-12-31 04336540 d:OfficeEquipment 2021-11-30 04336540 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-12-01 2022-12-31 04336540 d:CurrentFinancialInstruments 2022-12-31 04336540 d:CurrentFinancialInstruments 2021-11-30 04336540 d:Non-currentFinancialInstruments 2022-12-31 04336540 d:Non-currentFinancialInstruments 2021-11-30 04336540 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04336540 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 04336540 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04336540 d:Non-currentFinancialInstruments d:AfterOneYear 2021-11-30 04336540 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 04336540 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-11-30 04336540 d:ShareCapital 2022-12-31 04336540 d:ShareCapital 2021-11-30 04336540 d:RetainedEarningsAccumulatedLosses 2022-12-31 04336540 d:RetainedEarningsAccumulatedLosses 2021-11-30 04336540 c:OrdinaryShareClass1 2021-12-01 2022-12-31 04336540 c:OrdinaryShareClass1 2022-12-31 04336540 c:OrdinaryShareClass1 2021-11-30 04336540 c:FRS102 2021-12-01 2022-12-31 04336540 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-12-31 04336540 c:FullAccounts 2021-12-01 2022-12-31 04336540 c:PrivateLimitedCompanyLtd 2021-12-01 2022-12-31 04336540 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 04336540 d:HirePurchaseContracts d:WithinOneYear 2021-11-30 04336540 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 04336540 d:HirePurchaseContracts d:BetweenOneFiveYears 2021-11-30 04336540 2 2021-12-01 2022-12-31 04336540 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-12-31 04336540 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2021-11-30 04336540 d:LeasedAssetsHeldAsLessee 2022-12-31 04336540 d:LeasedAssetsHeldAsLessee 2021-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04336540










SINE QUA NON INTERNATIONAL LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
SINE QUA NON INTERNATIONAL LIMITED
REGISTERED NUMBER: 04336540

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

31 December
30 November
2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
16,281
18,684

  
16,281
18,684

Current assets
  

Debtors: amounts falling due within one year
 5 
172,087
498,356

Cash at bank and in hand
 6 
1,514,034
302,481

  
1,686,121
800,837

Creditors: amounts falling due within one year
 7 
(505,396)
(233,059)

Net current assets
  
 
 
1,180,725
 
 
567,778

Total assets less current liabilities
  
1,197,006
586,462

Creditors: amounts falling due after more than one year
 8 
(55,285)
(92,456)

  

Net assets
  
1,141,721
494,006


Capital and reserves
  

Called up share capital 
 11 
90
90

Profit and loss account
  
1,141,631
493,916

  
1,141,721
494,006


Page 1

 
SINE QUA NON INTERNATIONAL LIMITED
REGISTERED NUMBER: 04336540
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider 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 directors acknowledge their 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 31 August 2023.




Mr J A Rowady
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
SINE QUA NON INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Sine Qua Non International Limited is a company domiciled in England and Wales, registration number is 04336540. The registered office is RWK Goodman LLP, 69 Carter Lane, London, EC4V 5EQ.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
SINE QUA NON INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 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:

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.8

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
SINE QUA NON INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.9

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 reporting date in the countries where the Company operates and generates income.

 
2.10

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
-
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.

 
2.11

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.

 
2.12

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.

 
2.13

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

 
SINE QUA NON INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.14

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.

 
2.15

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 period was 15 (2021 - 12).

Page 6

 
SINE QUA NON INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 December 2021
41,482


Additions
5,604



At 31 December 2022

47,086



Depreciation


At 1 December 2021
22,798


Charge for the period on owned assets
8,007



At 31 December 2022

30,805



Net book value



At 31 December 2022
16,281



At 30 November 2021
18,684

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


31 December
30 November
2022
2021
£
£



Office equipment
12,004
18,684

12,004
18,684

Page 7

 
SINE QUA NON INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

5.


Debtors

31 December
30 November
2022
2021
£
£


Trade debtors
114,734
459,151

Other debtors
57,353
39,205

172,087
498,356



6.


Cash and cash equivalents

31 December
30 November
2022
2021
£
£

Cash at bank and in hand
1,514,034
302,481

1,514,034
302,481



7.


Creditors: Amounts falling due within one year

31 December
30 November
2022
2021
£
£

Bank loans
30,000
30,000

Trade creditors
3,686
24,580

Other taxation and social security
257,712
153,611

Obligations under finance lease and hire purchase contracts
6,228
6,228

Other creditors
198,725
16,873

Accruals and deferred income
9,045
1,767

505,396
233,059


Page 8

 
SINE QUA NON INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

8.


Creditors: Amounts falling due after more than one year

31 December
30 November
2022
2021
£
£

Bank loans
47,500
80,000

Net obligations under finance leases and hire purchase contracts
7,785
12,456

55,285
92,456



9.


Loans


Analysis of the maturity of loans is given below:


31 December
30 November
2022
2021
£
£

Amounts falling due within one year

Bank loans
30,000
30,000


30,000
30,000


Amounts falling due 2-5 years

Bank loans
47,500
80,000


47,500
80,000


77,500
110,000


Page 9

 
SINE QUA NON INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

31 December
30 November
2022
2021
£
£


Within one year
6,228
6,228

Between 1-5 years
7,785
12,456

14,013
18,684


11.


Share capital

31 December
30 November
2022
2021
£
£
Allotted, called up and fully paid



90 (2021 - 90) Ordinary shares of £1.00 each
90
90


 
Page 10