Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31false2022-06-01No description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03563689 2022-06-01 2023-05-31 03563689 2021-06-01 2022-05-31 03563689 2023-05-31 03563689 2022-05-31 03563689 c:Director1 2022-06-01 2023-05-31 03563689 d:FurnitureFittings 2022-06-01 2023-05-31 03563689 d:FurnitureFittings 2023-05-31 03563689 d:FurnitureFittings 2022-05-31 03563689 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 03563689 d:FreeholdInvestmentProperty 2023-05-31 03563689 d:FreeholdInvestmentProperty 2022-05-31 03563689 d:CurrentFinancialInstruments 2023-05-31 03563689 d:CurrentFinancialInstruments 2022-05-31 03563689 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 03563689 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 03563689 d:ShareCapital 2023-05-31 03563689 d:ShareCapital 2022-05-31 03563689 d:RetainedEarningsAccumulatedLosses 2023-05-31 03563689 d:RetainedEarningsAccumulatedLosses 2022-05-31 03563689 c:OrdinaryShareClass1 2022-06-01 2023-05-31 03563689 c:OrdinaryShareClass1 2023-05-31 03563689 c:OrdinaryShareClass1 2022-05-31 03563689 c:FRS102 2022-06-01 2023-05-31 03563689 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 03563689 c:FullAccounts 2022-06-01 2023-05-31 03563689 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 03563689 2 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03563689









SOU LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
SOU LIMITED
REGISTERED NUMBER: 03563689

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
176
441

Investment property
 4 
320,400
320,400

  
320,576
320,841

Current assets
  

Cash at bank and in hand
 5 
22,452
24,297

  
22,452
24,297

Creditors: amounts falling due within one year
 6 
(27,247)
(26,433)

Net current liabilities
  
 
 
(4,795)
 
 
(2,136)

Total assets less current liabilities
  
315,781
318,705

  

Net assets
  
315,781
318,705


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
315,779
318,703

  
315,781
318,705

Page 1

 
SOU LIMITED
REGISTERED NUMBER: 03563689
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

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 on 24 October 2023.




Mr A P Sharp
Director


The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
SOU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Sou Limited  is a private company limited by shares and registered in England & Wales. The address of the registered office is 16 Arbour Close, Chipping Campden, Gloucestershire, GL55 6RR.

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

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures, fittings & equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.3

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any differences in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the statement of comprehensive income. 

 
2.4

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.

Page 3

 
SOU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
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

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.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, 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. 

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. 

Page 4

 
SOU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

3.


Tangible fixed assets





Plant and machinery etc

£



Cost or valuation


At 1 June 2022
7,265



At 31 May 2023

7,265



Depreciation


At 1 June 2022
6,824


Charge for the year on owned assets
265



At 31 May 2023

7,089



Net book value



At 31 May 2023
176



At 31 May 2022
441


4.


Investment properties


Freehold investment property

£



Valuation


At 1 June 2022
320,400



At 31 May 2023
320,400

The directors consider that the valuation of the properties as at 31 May 2023 is not materially different to that at 1 June 2022.



At 31 May 2023




Page 5

 
SOU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
22,452
24,297

22,452
24,297



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
25,047
25,233

Accruals and deferred income
2,200
1,200

27,247
26,433



7.


Share capital

2023
2022
£
£
Authorised



100 (2022 - 100) Ordinary shares of £1.00 each
100
100

Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



8.


Dividends

2023
2022
£
£


Ordinary dividends
-
4,000

-
4,000

 
Page 6