Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31The principal activity of the company was that of the leasing and operation of entertainment vending macines in the UK.false2022-01-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07501972 2022-01-01 2022-12-31 07501972 2021-01-01 2021-12-31 07501972 2022-12-31 07501972 2021-12-31 07501972 2021-01-01 07501972 c:CompanySecretary1 2022-01-01 2022-12-31 07501972 c:Director1 2022-01-01 2022-12-31 07501972 c:Director2 2022-01-01 2022-12-31 07501972 c:Director3 2022-01-01 2022-12-31 07501972 c:RegisteredOffice 2022-01-01 2022-12-31 07501972 c:Agent1 2022-01-01 2022-12-31 07501972 d:CurrentFinancialInstruments 2022-12-31 07501972 d:CurrentFinancialInstruments 2021-12-31 07501972 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07501972 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 07501972 d:ShareCapital 2022-12-31 07501972 d:ShareCapital 2021-12-31 07501972 d:ShareCapital 2021-01-01 07501972 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 07501972 d:RetainedEarningsAccumulatedLosses 2022-12-31 07501972 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 07501972 d:RetainedEarningsAccumulatedLosses 2021-12-31 07501972 d:RetainedEarningsAccumulatedLosses 2021-01-01 07501972 c:OrdinaryShareClass1 2022-01-01 2022-12-31 07501972 c:OrdinaryShareClass1 2022-12-31 07501972 c:OrdinaryShareClass1 2021-12-31 07501972 c:FRS102 2022-01-01 2022-12-31 07501972 c:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 07501972 c:FullAccounts 2022-01-01 2022-12-31 07501972 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07501972






        080 GREAT BRITAIN LIMITED
UNAUDITED
                  FINANCIAL STATEMENTS

      FOR THE YEAR ENDED 31 DECEMBER 2022


















84 Northumberland Road
Duignan Carthy O'Neill Limited
Ballsbridge
Chartered Accountants
Dublin 4



 
080 GREAT BRITAIN LIMITED
 

COMPANY INFORMATION


Directors
Christopher Bell 
Karen Spisak 
Roger Pearce 




Company secretary
Roger Pearce



Registered number
07501972



Registered office
10 Orange Street
Haymarket

London

WC2H 7DQ

United Kingdom




Accountants
Duignan Carthy O'Neill Limited
Chartered Accountants

84 Northumberland Road

Ballsbridge

Dublin 4




Bankers
Barclays Bank plc
Leicester

LE87 2BB

United Kingdom





 
080 GREAT BRITAIN LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2
Statement of Changes in Equity
 
 
3
Notes to the Financial Statements
 
 
4 - 8


 
080 GREAT BRITAIN LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 080 GREAT BRITAIN LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of 080 Great Britain Limited for the year ended 31 December 2022 which comprise the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

This report is made to the Board of Directors of 080 Great Britain Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken so that we might compile the financial statements of 080 Great Britain Limited that we have been engaged to compile, report to the Company's Board of Directors that we have done so and state those matters that we have agreed to state to the Board of Directors of 080 Great Britain Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 080 Great Britain Limited and its Board of Directors, as a body, for our work or for this report. 

We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 December 2022 your duty to ensure that 080 Great Britain Limited has kept adequate accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006 of 080 Great Britain Limited. You consider that 080 Great Britain Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the financial statements of 080 Great Britain 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 financial statements.

  



Duignan Carthy O'Neill Limited
 
Chartered Accountants
  
84 Northumberland Road
Ballsbridge
Dublin 4
17 October 2023
Page 1

 
080 GREAT BRITAIN LIMITED
REGISTERED NUMBER:07501972

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
32,441
26,565

Cash at bank and in hand
  
43,734
43,129

  
76,175
69,694

Creditors: amounts falling due within one year
 6 
(87,925)
(82,150)

Net current liabilities
  
 
 
(11,750)
 
 
(12,456)

Total assets less current liabilities
  
(11,750)
(12,456)

  

Net liabilities
  
(11,750)
(12,456)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
 8 
(11,850)
(12,556)

  
(11,750)
(12,456)


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: 



Roger Pearce
Christopher Bell
Director
Director


Date: 17 October 2023

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
080 GREAT BRITAIN 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 2021
100
(25,643)
(25,543)



Profit for the year
-
13,087
13,087



At 1 January 2022
100
(12,556)
(12,456)



Profit for the year
-
706
706


At 31 December 2022
100
(11,850)
(11,750)


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
080 GREAT BRITAIN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

080 Great Britain Limited is a limited liability company and its principal activity is leasing and operation of entertainment vending machines in the United Kingdom. The company was incorporated on the 21st January 2011 in the United Kingdom and has a registered address of 10 Orange Street, Haymarket, London, WC2H 7DQ, United Kingdom. 

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 company made a profit of €5,706 and has net liabilities of €6,750 as at the year end 31 December 2022. 
However, the directors expect there to be sufficient cashflow to continue in operation for the coming year. The directors therefore continue to prepare the financial statements on a going concern basis. This assumes that the company will continue in operational existence and liabilities will be discharged as they fall due for the foreseeable future, which is twelve months from the date of approval of the financial statements. 

 
2.3

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.

 
2.4

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.

Page 4

 
080 GREAT BRITAIN LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is
Page 5

 
080 GREAT BRITAIN LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.8
Financial instruments (continued)

recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses.
Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Doubtful debts
The company makes an estimate of the recoverable value of trade and other debtors. The company uses estimates based on historical experience in determining the level of debts, which the company believes, will not be collected. These estimates include such factors as the current credit rating of the debtor, the ageing profile of debtors and historical experience. Any significant reduction in the level of customers that default on payments or other significant improvements that resulted in a reduction in the level of bad debt provision would have a positive impact on the operating results. The level of provision required is reviewed on an on-going basis.

Page 6

 
080 GREAT BRITAIN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Employees

The company has no employees other than the directors, who did not receive any renumeration (2021: £Nil). 


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


5.


Debtors

2022
2021
£
£


Trade debtors
15,587
9,711

Amounts owed by group undertakings
16,854
16,854

32,441
26,565



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Amounts owed to group undertakings
64,813
47,751

Other taxation and social security
15,742
17,337

Accruals and deferred income
7,370
17,062

87,925
82,150


2022
2021
£
£

Other taxation and social security

PAYE/NI control
15,742
17,337

15,742
17,337



7.


Share capital

2022
2021
£
£
Authorised, allotted, called up and fully paid



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


Page 7

 
080 GREAT BRITAIN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

8.


Reserves

Profit and loss account

The profit and loss account represents cumulative gains and losses recognised in profit and loss account, net of
transfers to/from other reserves or dividends paid.

9.

Key Management Personnel Remuneration

The total management remuneration for the senior management team, was £Nil (2021: £Nil). No director received remuneration from the company.


10.


Related party transactions

During the year, the company paid management and lease charges to its parent company, 080 Leasing & Entertainment Ireland Limited, of £39,080 (2021: £22,568). 080 Europe LLC has discharged some costs and outgoings on behalf of 080 Great Britain Limited for the year.
Amounts owed to related parties at the year end 31 December 2022 was as follows: 080 Leasing & Entertainment Ireland Limited  £47,751 (2021: £64,813).
Amounts owed from related parties at the year end 31 December 2022 was as follows: 080 Europe LCC £16,854 (2021: £16,854).
 


11.


Ultimate parent undertaking

The ultimate holding company is 080 Partners Europe LLC, a US Corporation. 

Page 8