Caseware UK (AP4) 2022.0.179 2022.0.179 falseNo description of principal activity2022-01-0122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13069894 2022-01-01 2022-12-31 13069894 2021-01-01 2021-12-31 13069894 2022-12-31 13069894 2021-12-31 13069894 c:Director1 2022-01-01 2022-12-31 13069894 d:ComputerSoftware 2022-12-31 13069894 d:ComputerSoftware 2021-12-31 13069894 d:CurrentFinancialInstruments 2022-12-31 13069894 d:CurrentFinancialInstruments 2021-12-31 13069894 d:Non-currentFinancialInstruments 2022-12-31 13069894 d:Non-currentFinancialInstruments 2021-12-31 13069894 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13069894 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 13069894 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 13069894 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 13069894 d:ShareCapital 2022-12-31 13069894 d:ShareCapital 2021-12-31 13069894 d:RetainedEarningsAccumulatedLosses 2022-12-31 13069894 d:RetainedEarningsAccumulatedLosses 2021-12-31 13069894 c:OrdinaryShareClass1 2022-01-01 2022-12-31 13069894 c:OrdinaryShareClass1 2022-12-31 13069894 c:OrdinaryShareClass1 2021-12-31 13069894 c:FRS102 2022-01-01 2022-12-31 13069894 c:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 13069894 c:FullAccounts 2022-01-01 2022-12-31 13069894 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 13069894 d:ComputerSoftware d:InternallyGeneratedIntangibleAssets 2022-01-01 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13069894










Twenty20 Software Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2022

 
Twenty20 Software Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Twenty20 Software Limited for the year ended 31 December 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Twenty20 Software Limited for the year ended 31 December 2022 which comprise  the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Twenty20 Software Limited, as a body, in accordance with the terms of our engagement letter dated 21 October 2021Our work has been undertaken solely to prepare for your approval the financial statements of Twenty20 Software Limited  and state those matters that we have agreed to state to the Board of directors of Twenty20 Software Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Twenty20 Software Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Twenty20 Software Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Twenty20 Software Limited. You consider that Twenty20 Software Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Twenty20 Software Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
16 October 2023
Page 1

 
Twenty20 Software Limited
Registered number: 13069894

Balance sheet
As at 31 December 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
  
267,433
-

  
267,433
-

Current assets
  

Debtors: amounts falling due within one year
 5 
100
100

  
100
100

Creditors: amounts falling due within one year
 6 
(1,200)
-

Net current (liabilities)/assets
  
 
 
(1,100)
 
 
100

Total assets less current liabilities
  
266,333
100

Creditors: amounts falling due after more than one year
 7 
(267,748)
-

  

Net (liabilities)/assets
  
(1,415)
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,515)
-

  
(1,415)
100


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 by: 


................................................
Natasha Lewis
Director

Date: 16 October 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
Twenty20 Software Limited
 

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

1.


General information

The principal activity is that of software development.

The company's functional and presentational currency is Pounds Sterling.

The financial statements are rounded to the nearest £1.

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

The financial statements have been prepared on a going concern basis. The company's ability to continue to trade is dependent upon the support of the directors and related businesses. The directors have indicated that they will not request repayment of this balance for a period of at least 12 months from the date of signing these financial statements.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 3

 
Twenty20 Software Limited
 

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

4.


Intangible assets




Computer software

£



Cost


Additions - internal
267,433



At 31 December 2022

267,433






Net book value



At 31 December 2022
267,433



At 31 December 2021
-




5.


Debtors

2022
2021
£
£


Other debtors
100
100

100
100



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Accruals and deferred income
1,200
-

1,200
-



7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Other creditors
267,748
-

267,748
-


Page 4

 
Twenty20 Software Limited
 

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

8.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

During the year, the company received a loan from Lewis Denley Limited, a company owned and controlled by Natasha Lewis and Colin Secomb. The loan was interest-free and the balance at the year end is shown below:


2022
2021
£
£

Lewis Denley Limited
267,748
-
267,748
-


Page 5