Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31falsetruefalseThree Six Zero, LP2022-03-21Holding company2 13992406 2022-03-20 13992406 2022-03-21 2022-12-31 13992406 2021-03-21 2022-03-20 13992406 2022-12-31 13992406 c:Director2 2022-03-21 2022-12-31 13992406 d:CurrentFinancialInstruments 2022-12-31 13992406 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13992406 d:ShareCapital 2022-03-21 2022-12-31 13992406 d:ShareCapital 2022-12-31 13992406 d:RetainedEarningsAccumulatedLosses 2022-03-21 2022-12-31 13992406 d:RetainedEarningsAccumulatedLosses 2022-12-31 13992406 c:OrdinaryShareClass1 2022-03-21 2022-12-31 13992406 c:OrdinaryShareClass1 2022-12-31 13992406 c:OrdinaryShareClass2 2022-03-21 2022-12-31 13992406 c:OrdinaryShareClass2 2022-12-31 13992406 c:FRS102 2022-03-21 2022-12-31 13992406 c:Audited 2022-03-21 2022-12-31 13992406 c:FullAccounts 2022-03-21 2022-12-31 13992406 c:PrivateLimitedCompanyLtd 2022-03-21 2022-12-31 13992406 c:SmallCompaniesRegimeForAccounts 2022-03-21 2022-12-31 13992406 6 2022-03-21 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13992406









THREE SIX ZERO SPV1 LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
THREE SIX ZERO SPV1 LIMITED
REGISTERED NUMBER: 13992406

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
Note
£

Fixed assets
  

Investments
 4 
1,133,473

  
1,133,473

  

Creditors: amounts falling due within one year
 5 
(696,596)

Net current (liabilities)/assets
  
 
 
(696,596)

Total assets less current liabilities
  
436,877

  

Net assets
  
436,877


Capital and reserves
  

Called up share capital 
  
528,003

Profit and loss account
  
(91,126)

  
436,877


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 




................................................
M Gillespie
Director

Date: 22 September 2023

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

Page 1

 
THREE SIX ZERO SPV1 LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£



Loss for the period

-
(91,126)
(91,126)

Shares issued during the period
528,003
-
528,003


At 31 December 2022
528,003
(91,126)
436,877

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

Page 2

 
THREE SIX ZERO SPV1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Three Six Zero SPV1 Limited is a limited company incorporated and registered in England and Wales. Its registered office is C/O Hillier Hopkins LLP, Ground Floor, 45 Pall Mall, London, SW1Y 5JG.
The principal activity of the Company is that of a holding company.
The Company was incorporated on 21 March 2022.

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 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 judgment in applying the Company's accounting policies.

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.

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

 
THREE SIX ZERO SPV1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.4

Associates and joint ventures

Associates and Joint Ventures are held at cost less 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

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


        2022
            No.






Directors
2

Page 4

 
THREE SIX ZERO SPV1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

4.


Fixed asset investments





Unlisted investments
Investment in joint ventures
Total

£
£
£



Cost or valuation


At 21 March 2022
-
605,471
605,471


Additions
528,002
-
528,002



At 31 December 2022
528,002
605,471
1,133,473





5.


Creditors: Amounts falling due within one year

2022
£

Amounts owed to group undertakings
692,756

Accruals and deferred income
3,840

696,596



6.


Share capital

2022
£
Allotted, called up and fully paid


1 Ordinary A shares share of £1.00
1
52,800,200 Ordinary C shares shares of £0.01 each
528,002

528,003


Upon incorporation, 1 Ordinary A share of £1.00 was issued at par.
On 4 October 2022, the Company received 536,199 Class C Units in Three Six Zero, LP valued at £528,002 in consideration for the issuance of 52,800,200 Ordinary C shares of £0.01 each. 


7.


Related party transactions

At the balance sheet date, the Company owed group companies £343,570.
During the period, there was no key management personnel remuneration paid.

Page 5

 
THREE SIX ZERO SPV1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

8.


Controlling party

The immediate parent company is Three Six Zero, LP, a Limited Partnership incorporated and registered in the United States of America.
In the opinion of the Directors, there is no ultimate controlling party.


9.


Auditor's information

The auditor's report on the financial statements for the period ended 31 December 2022 was unqualified.

The audit report was signed on 25 September 2023 by Michael Jacoby FCA (Senior Statutory Auditor) on behalf of Hillier Hopkins LLP.

 
Page 6