Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01falseNo description of principal activity1010truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10638733 2022-02-01 2023-01-31 10638733 2021-02-01 2022-01-31 10638733 2023-01-31 10638733 2022-01-31 10638733 c:Director1 2022-02-01 2023-01-31 10638733 d:Buildings d:LongLeaseholdAssets 2022-02-01 2023-01-31 10638733 d:Buildings d:LongLeaseholdAssets 2023-01-31 10638733 d:Buildings d:LongLeaseholdAssets 2022-01-31 10638733 d:FurnitureFittings 2022-02-01 2023-01-31 10638733 d:FurnitureFittings 2023-01-31 10638733 d:FurnitureFittings 2022-01-31 10638733 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 10638733 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 10638733 d:Goodwill 2022-02-01 2023-01-31 10638733 d:Goodwill 2023-01-31 10638733 d:Goodwill 2022-01-31 10638733 d:CurrentFinancialInstruments 2023-01-31 10638733 d:CurrentFinancialInstruments 2022-01-31 10638733 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10638733 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 10638733 d:ShareCapital 2023-01-31 10638733 d:ShareCapital 2022-01-31 10638733 d:RetainedEarningsAccumulatedLosses 2023-01-31 10638733 d:RetainedEarningsAccumulatedLosses 2022-01-31 10638733 c:OrdinaryShareClass1 2022-02-01 2023-01-31 10638733 c:OrdinaryShareClass1 2023-01-31 10638733 c:OrdinaryShareClass1 2022-01-31 10638733 c:FRS102 2022-02-01 2023-01-31 10638733 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 10638733 c:FullAccounts 2022-02-01 2023-01-31 10638733 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 10638733 d:Goodwill d:OwnedIntangibleAssets 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10638733









ZIA LUCIA 1 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
ZIA LUCIA 1 LIMITED
REGISTERED NUMBER: 10638733

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,982
2,185

Tangible assets
 5 
116,608
137,172

  
118,590
139,357

Current assets
  

Stocks
  
5,000
5,000

Debtors: amounts falling due within one year
 6 
1,049,561
567,496

Cash at bank and in hand
 7 
140,020
337,217

  
1,194,581
909,713

Creditors: amounts falling due within one year
 8 
(739,019)
(542,466)

Net current assets
  
 
 
455,562
 
 
367,247

Total assets less current liabilities
  
574,152
506,604

  

Net assets
  
574,152
506,604


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
574,052
506,504

  
574,152
506,604

Page 1

 
ZIA LUCIA 1 LIMITED
REGISTERED NUMBER: 10638733
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

The director considers 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 director acknowledges his 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: 




G D'Angelo
Director

Date: 25 October 2023

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
ZIA LUCIA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Zia Lucia 1 Limited is a private company limited by shares and incorporated in England and Wales (registered number 10638733). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other 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.

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.

Page 3

 
ZIA LUCIA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.4

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:

Long-term leasehold property
-
over the period of lease
Fixtures and fittings
-
20% Straight line

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.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
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

 
ZIA LUCIA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.10

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.

 
2.11

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.12

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.13

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
ZIA LUCIA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.14

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 10).


4.


Intangible assets




Goodwill

£



Cost


At 1 February 2022
3,049



At 31 January 2023

3,049



Amortisation


At 1 February 2022
864


Charge for the year on owned assets
203



At 31 January 2023

1,067



Net book value



At 31 January 2023
1,982



At 31 January 2022
2,185



Page 6

 
ZIA LUCIA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 February 2022
124,087
121,101
245,188


Additions
3,386
308
3,694



At 31 January 2023

127,473
121,409
248,882



Depreciation


At 1 February 2022
30,988
77,027
108,015


Charge for the year on owned assets
-
24,259
24,259



At 31 January 2023

30,988
101,286
132,274



Net book value



At 31 January 2023
96,485
20,123
116,608



At 31 January 2022
93,098
44,074
137,172


6.


Debtors

2023
2022
£
£


Trade debtors
10,272
6,607

Amounts owed by group undertakings
1,020,077
541,427

Other debtors
13,351
13,525

Prepayments and accrued income
5,861
5,937

1,049,561
567,496


Page 7

 
ZIA LUCIA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
140,022
337,217

140,022
337,217



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
21,414
26,766

Amounts owed to group undertakings
637,690
466,505

Corporation tax
20,498
23,725

Other taxation and social security
36,756
12,227

Other creditors
19,472
9,243

Accruals and deferred income
3,189
4,000

739,019
542,466



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 (2022 - 10,000) Ordinary shares of £0.01 each
100
100



10.


Ultimate parent undertaking and controlling party

The immediate parent undertaking is Zia Lucia Limited, a company registered in England and Wales. The address of the registered office is 101 New Cavendish Street, 1st Floor South, London, England, United Kingdom, W1W 6XH.. 
 
Page 8