Caseware UK (AP4) 2022.0.179 2022.0.179 true2022-03-01falseNo description of principal activity22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05572909 2022-03-01 2023-02-28 05572909 2023-02-28 05572909 2021-03-01 2022-02-28 05572909 2022-02-28 05572909 c:Director1 2022-03-01 2023-02-28 05572909 d:Buildings d:LongLeaseholdAssets 2022-03-01 2023-02-28 05572909 d:Buildings d:LongLeaseholdAssets 2023-02-28 05572909 d:Buildings d:LongLeaseholdAssets 2022-02-28 05572909 d:FurnitureFittings 2023-02-28 05572909 d:FurnitureFittings 2022-02-28 05572909 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 05572909 d:OfficeEquipment 2023-02-28 05572909 d:OfficeEquipment 2022-02-28 05572909 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 05572909 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 05572909 d:CurrentFinancialInstruments 2023-02-28 05572909 d:CurrentFinancialInstruments 2022-02-28 05572909 d:Non-currentFinancialInstruments 2023-02-28 05572909 d:Non-currentFinancialInstruments 2022-02-28 05572909 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 05572909 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 05572909 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 05572909 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 05572909 d:ShareCapital 2023-02-28 05572909 d:ShareCapital 2022-02-28 05572909 d:RetainedEarningsAccumulatedLosses 2023-02-28 05572909 d:RetainedEarningsAccumulatedLosses 2022-02-28 05572909 c:OrdinaryShareClass1 2022-03-01 2023-02-28 05572909 c:OrdinaryShareClass1 2023-02-28 05572909 c:OrdinaryShareClass1 2022-02-28 05572909 c:FRS102 2022-03-01 2023-02-28 05572909 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 05572909 c:FullAccounts 2022-03-01 2023-02-28 05572909 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 05572909 6 2022-03-01 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 05572909













Stateplus Limited

Financial statements
Information for filing with the registrar

28 February 2023




 
Stateplus Limited


Balance sheet
At 28 February 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,732,984
1,740,377

Investments
 5 
105
5

  
1,733,089
1,740,382

Current assets
  

Debtors
 6 
2,022,619
1,856,995

Bank and cash balances
  
10,855
128,961

  
2,033,474
1,985,956

Creditors: amounts falling due within one year
 7 
(71,332)
(62,375)

Net current assets
  
 
 
1,962,142
 
 
1,923,581

Total assets less current liabilities
  
3,695,231
3,663,963

Creditors: amounts falling due after more than one year
 8 
(3,115,562)
(3,163,729)

Provisions for liabilities
  

Deferred tax
  
(30,993)
(32,131)

  
 
 
(30,993)
 
 
(32,131)

Net assets
  
548,676
468,103


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
548,674
468,101

Shareholders' funds
  
548,676
468,103


Page 1

 
Stateplus Limited

    
Balance sheet (continued)
At 28 February 2023

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 year 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 comprehensive income 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 3 October 2023.




Lyn Dayson
Director

Company registered number: 05572909
The notes on pages 3 to 6 form part of these financial statements. 

Page 2

 
Stateplus Limited
 
 

Notes to the financial statements
Year ended 28 February 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Third Floor, Citygate, St James' Boulevard, Newcastle upon Tyne, NE1 4JE. 

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.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the profit and loss account represents amounts receivable under operating leases during the year.

 
2.3

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.

Page 3

 
Stateplus Limited
 

 
Notes to the financial statements
Year ended 28 February 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Depreciation is provided on the following basis:

Property Improvements
-
20%
straight line
Office equipment
-
33%
reducing balance

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
Stateplus Limited
 
 

Notes to the financial statements
Year ended 28 February 2023

4.


Tangible fixed assets





Land and buildings
Property Improvements
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2022
1,711,935
31,140
7,627
1,750,702



At 28 February 2023

1,711,935
31,140
7,627
1,750,702



Depreciation


At 1 March 2022
-
6,228
4,097
10,325


Charge for the year
-
6,228
1,165
7,393



At 28 February 2023

-
12,456
5,262
17,718



Net book value



At 28 February 2023
1,711,935
18,684
2,365
1,732,984



At 28 February 2022
1,711,935
24,912
3,530
1,740,377


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 March 2022
5


Additions
100



At 28 February 2023
105






Net book value



At 28 February 2023
105



At 28 February 2022
5

Page 5

 
Stateplus Limited
 
 

Notes to the financial statements
Year ended 28 February 2023

6.


Debtors


2023
2022
£
£

Due within one year

Trade debtors
8,617
15,029

Amounts owed by group undertakings
2,013,907
1,834,545

Other debtors
95
95

Prepayments and accrued income
-
7,326

2,022,619
1,856,995



7.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
698
-

Corporation tax
20,183
7,960

Other taxation and social security
2,487
2,522

Accruals and deferred income
47,964
51,893

71,332
62,375



8.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Other creditors
3,115,562
3,163,729

3,115,562
3,163,729



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2


 
Page 6