Caseware UK (AP4) 2022.0.179 2022.0.179 2022-01-01falseNo description of principal activity00truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12276143 2022-01-01 2022-12-31 12276143 2021-01-01 2021-12-31 12276143 2022-12-31 12276143 2021-12-31 12276143 2021-01-01 12276143 c:Director1 2022-01-01 2022-12-31 12276143 c:Director2 2022-01-01 2022-12-31 12276143 c:Director3 2022-01-01 2022-12-31 12276143 c:RegisteredOffice 2022-01-01 2022-12-31 12276143 d:CurrentFinancialInstruments 2022-12-31 12276143 d:CurrentFinancialInstruments 2021-12-31 12276143 d:Non-currentFinancialInstruments 2022-12-31 12276143 d:Non-currentFinancialInstruments 2021-12-31 12276143 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12276143 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 12276143 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12276143 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 12276143 d:ShareCapital 2022-01-01 2022-12-31 12276143 d:ShareCapital 2022-12-31 12276143 d:ShareCapital 2021-01-01 2021-12-31 12276143 d:ShareCapital 2021-12-31 12276143 d:ShareCapital 2021-01-01 12276143 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 12276143 d:RetainedEarningsAccumulatedLosses 2022-12-31 12276143 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 12276143 d:RetainedEarningsAccumulatedLosses 2021-12-31 12276143 d:RetainedEarningsAccumulatedLosses 2021-01-01 12276143 c:FRS102 2022-01-01 2022-12-31 12276143 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 12276143 c:FullAccounts 2022-01-01 2022-12-31 12276143 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 12276143 6 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure


















Interoceans Company Limited























Unaudited

Directors' report and financial statements



For the year ended 31 December 2022



Registered number: 12276143

 
Interoceans Company Limited


Company Information


Directors
Jose Francisco Herrera 
Julio Cesar Herrera 




Registered number
12276143



Registered office
26 Dover Street

London

W1S 4LY





 
Interoceans Company Limited


Contents



Page
Directors' report
1
Statement of comprehensive income
2
Statement of financial position
3 - 4
Statement of changes in equity
5 - 6
Notes to the financial statements
7 - 9


 
Interoceans Company Limited

 
Directors' report
For the year ended 31 December 2022

The directors present their report and the financial statements of Interoceans Company Limited ('the cpmany') for the year ended 31 December 2022.

Directors

The directors who served during the year were:

Jose Francisco Herrera 
Julio Cesar Herrera (appointed on 11 August 2022) 
Julio Martin Herrera (appointed on 16 May 2022, resigned on 11 August 2022) 
Sofia Saracho De Oyarzabal (appointed on 11 August 2022)
Sofia Saracha De Oyarzabal resigned as a director on 15 September 2023.
 
Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 10 October 2023 and signed on its behalf.
 





Julio Cesar Herrera
Director

Page 1

 
Interoceans Company Limited


Statement of comprehensive income
For the year ended 31 December 2022

2022
2021
(As restated)
Note
£
£


Loss for the financial year

  

(212,349)
(71,254)

Other comprehensive income
  

Total comprehensive income for the year
  
(212,349)
(71,254)

There was no other comprehensive income for the 2022 or 2021

The notes on pages 7 to 9 form part of these financial statements.

Page 2

 
Interoceans Company Limited - Registered number: 12276143

Statement of financial position
As at 31 December 2022

2022
2021
(As restated)
Note
£
£

Fixed assets
  

Investments
 4 
74
74

  
74
74

Current assets
  

Debtors: amounts falling due within one year
 5 
3,447,676
4,893,737

  
3,447,676
4,893,737

Creditors: amounts falling due within one year
 6 
(2,500)
-

Net current assets
  
 
 
3,445,176
 
 
4,893,737

Total assets less current liabilities
  
3,445,250
4,893,811

Creditors: amounts falling due after more than one year
 7 
(3,727,853)
(4,964,065)

  

Net liabilities
  
(282,603)
(70,254)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(283,603)
(71,254)

  
(282,603)
(70,254)


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 were approved and authorised for issue by the board and were signed on its behalf on 10 October 2023.




Julio Cesar Herrera
Director

The notes on pages 7 to 9 form part of these financial statements.
Page 3

 
Interoceans Company Limited - Registered number: 12276143

Statement of financial position (continued)
As at 31 December 2022


Page 4

 
Interoceans Company Limited


Statement of changes in equity
For the year ended 31 December 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2022 (as restated)
1,000
(71,254)
(70,254)


Comprehensive income for the year

Loss for the year
-
(212,349)
(212,349)
Total comprehensive income for the year
-
(212,349)
(212,349)


At 31 December 2022
1,000
(283,603)
(282,603)


The notes on pages 7 to 9 form part of these financial statements.

Page 5

 
Interoceans Company Limited


Statement of changes in equity
For the year ended 31 December 2021


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2021
1,000
-
1,000


Comprehensive income for the year

Loss for the year (as restated)
-
(71,254)
(71,254)
Total comprehensive income for the year (as restated)
-
(71,254)
(71,254)


At 31 December 2021 (as restated)
1,000
(71,254)
(70,254)


The notes on pages 7 to 9 form part of these financial statements.

Page 6

 
Interoceans Company Limited

 
Notes to the financial statements
For the year ended 31 December 2022

1.


General information

 Interoceans Company Limited is a private company limited by shares. It was incorporated in England and Wales with registration number 12276143. The registered office address and principle place of business of the company is 26 Dover Street, London, England, W1S 4LY.

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

Going concern

After reviewing the forecasts and projections the directors have reasonable expectations that the company has adequate resources to continue operational existance for the forseable future.
The directors therefore consider it appropriate to adopt the going concern basis of prepering the financial statements.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

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.

 
2.6

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
Page 7

 
Interoceans Company Limited

Notes to the financial statements
For the year ended 31 December 2022

2.Accounting policies (continued)


2.6
Financial instruments (continued)

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.

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.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2021 -£NIL).

The average monthly number of employees, including directors, during the year was 0 (2021 -0).


4.


Fixed asset investments





Investments in subsidiary company

£



Cost or valuation


At 1 January 2022
74



At 31 December 2022
74





5.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
3,446,676
4,892,737

Called up share capital not paid
1,000
1,000

3,447,676
4,893,737


Page 8

 
Interoceans Company Limited

 
Notes to the financial statements
For the year ended 31 December 2022

6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Accruals and deferred income
2,500
-

2,500
-



7.


Creditors: Amounts falling due after more than one year

2022
2021
(As restated)
£
£

Other creditors
3,727,853
4,964,065

3,727,853
4,964,065



8.


Prior year adjustment

In the prior year, interest expenses of £71,254 were not recorded in the profit and loss account of the company, being amounts settled directly by a former director. The effect on the prior year financial statements is to increase administrative expenses by £71,254, increase other creditors by £71,254 and to increase the retained loss for the prior period by £71,254.


9.


Related party transactions

A director during the year settled expenses on behalf of the company amounting to £209,857 (2021 - £71,254).
At 31 December 2022, £281,111 (£71,254) was due to this individual.

Page 9