Caseware UK (AP4) 2022.0.179 2022.0.179 UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR2022-12-312022-12-310No description of principal activitytrue2021-10-14false0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13678597 2021-10-13 13678597 2021-10-14 2022-12-31 13678597 2020-10-14 2021-10-13 13678597 2022-12-31 13678597 c:Director1 2021-10-14 2022-12-31 13678597 d:CurrentFinancialInstruments 2022-12-31 13678597 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13678597 d:ShareCapital 2022-12-31 13678597 d:RetainedEarningsAccumulatedLosses 2021-10-14 2022-12-31 13678597 d:RetainedEarningsAccumulatedLosses 2022-12-31 13678597 c:OrdinaryShareClass1 2021-10-14 2022-12-31 13678597 c:OrdinaryShareClass1 2022-12-31 13678597 c:FRS102 2021-10-14 2022-12-31 13678597 c:AuditExempt-NoAccountantsReport 2021-10-14 2022-12-31 13678597 c:FullAccounts 2021-10-14 2022-12-31 13678597 c:PrivateLimitedCompanyLtd 2021-10-14 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13678597









ELA EXPEDITIONS UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2022

 
ELA EXPEDITIONS UK LIMITED
REGISTERED NUMBER: 13678597

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
24,734

Cash at bank and in hand
 5 
19,232

  
43,966

Creditors: amounts falling due within one year
 6 
(32,482)

Net current assets
  
 
 
11,484

Total assets less current liabilities
  
11,484

  

Net assets
  
11,484


Capital and reserves
  

Called up share capital 
 7 
1

Profit and loss account
  
11,483

  
11,484


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 15 month 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 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 by: 




N Bernstein
Director

Date: 13 October 2023

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
ELA EXPEDITIONS UK LIMITED
REGISTERED NUMBER: 13678597
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022


Page 2

 
ELA EXPEDITIONS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2022

1.


General information

Ela Expeditions UK Limited is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is 30 Old Bailey, London, United Kingdom, EC4M 7AU.

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

Going concern

These financial statements have been prepared on a going concern basis as the Directors have not identified any material uncertainties or events that may cast doubt about the ability of the Company to continue as a going concern. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP and monetary amounts in these financial statements are rounded to the nearest pound.

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
ELA EXPEDITIONS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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 4

 
ELA EXPEDITIONS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.9

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.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration.


4.


Debtors

2022
£


Amounts owed by group undertakings
24,734

24,734



5.


Cash and cash equivalents

2022
£

Cash at bank and in hand
19,232

19,232


Page 5

 
ELA EXPEDITIONS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2022

6.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
29,788

Corporation tax
2,694

32,482



7.


Share capital

2022
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


On incorporation, 1 ordinary share was issued with a nominal value of £1. 


8.


Reserves

Profit and loss account

This reserve represents cumulative profits and losses retained by the Company.


9.


Related party transactions

Exemption has been taken under paragraph 33.1A of FRS 102 not to disclose transactions between wholly owned group companies.


10.


Controlling party

The immediate and ultimate parent undertaking is Ela Expeditions Limited, a company incorporated in Israel.
In the opinion of the Directors there is no single controlling party. 

Page 6