Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-3142022-02-01falseNo description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10638976 2022-02-01 2023-01-31 10638976 2021-02-01 2022-01-31 10638976 2023-01-31 10638976 2022-01-31 10638976 c:Director1 2022-02-01 2023-01-31 10638976 d:Buildings d:LongLeaseholdAssets 2022-02-01 2023-01-31 10638976 d:Buildings d:LongLeaseholdAssets 2023-01-31 10638976 d:Buildings d:LongLeaseholdAssets 2022-01-31 10638976 d:LandBuildings 2023-01-31 10638976 d:LandBuildings 2022-01-31 10638976 d:FurnitureFittings 2022-02-01 2023-01-31 10638976 d:FurnitureFittings 2023-01-31 10638976 d:FurnitureFittings 2022-01-31 10638976 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 10638976 d:OfficeEquipment 2022-02-01 2023-01-31 10638976 d:OfficeEquipment 2023-01-31 10638976 d:OfficeEquipment 2022-01-31 10638976 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 10638976 d:ComputerEquipment 2022-02-01 2023-01-31 10638976 d:ComputerEquipment 2023-01-31 10638976 d:ComputerEquipment 2022-01-31 10638976 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 10638976 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 10638976 d:CurrentFinancialInstruments 2023-01-31 10638976 d:CurrentFinancialInstruments 2022-01-31 10638976 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10638976 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 10638976 d:ShareCapital 2023-01-31 10638976 d:ShareCapital 2022-01-31 10638976 d:RetainedEarningsAccumulatedLosses 2023-01-31 10638976 d:RetainedEarningsAccumulatedLosses 2022-01-31 10638976 c:OrdinaryShareClass1 2022-02-01 2023-01-31 10638976 c:OrdinaryShareClass1 2023-01-31 10638976 c:OrdinaryShareClass1 2022-01-31 10638976 c:FRS102 2022-02-01 2023-01-31 10638976 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 10638976 c:FullAccounts 2022-02-01 2023-01-31 10638976 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10638976









ZIA LUCIA 2 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
ZIA LUCIA 2 LIMITED
REGISTERED NUMBER: 10638976

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,856
33,159

  
19,856
33,159

Current assets
  

Stocks
 5 
5,000
5,000

Debtors: amounts falling due within one year
 6 
147,601
27,375

Cash at bank and in hand
 7 
118,603
146,634

  
271,204
179,009

Creditors: amounts falling due within one year
 8 
(205,893)
(193,175)

Net current assets/(liabilities)
  
 
 
65,311
 
 
(14,166)

Total assets less current liabilities
  
85,167
18,993

  

Net assets
  
85,167
18,993


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
85,067
18,893

  
85,167
18,993


Page 1

 
ZIA LUCIA 2 LIMITED
REGISTERED NUMBER: 10638976
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 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 by: 




G D'Angelo
Director

Date: 25 October 2023

Page 2

 
ZIA LUCIA 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Zia Lucia 2 Limited is a private company limited by shares incorporated in England and Wales (Registered no.10638976). 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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
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:

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.

 
2.4

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.

Page 3

 
ZIA LUCIA 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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
-
10%
Over the term of the lease
Fixtures and fittings
-
20%
Straight line
Office equipment
-
20%
Straight line
Computer equipment
-
33%
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.

Page 4

 
ZIA LUCIA 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.9

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 outbasis. 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.

 
2.10

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.

 
2.11

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.

 
2.12

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 4 (2022 - 4).

Page 5

 
ZIA LUCIA 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 February 2022
-
79,767
11,229
-
90,996


Additions
2,900
972
-
1,680
5,552



At 31 January 2023

2,900
80,739
11,229
1,680
96,548



Depreciation


At 1 February 2022
-
52,354
5,484
-
57,838


Charge for the year on owned assets
179
16,069
2,246
360
18,854



At 31 January 2023

179
68,423
7,730
360
76,692



Net book value



At 31 January 2023
2,721
12,316
3,499
1,320
19,856



At 31 January 2022
-
27,413
5,746
-
33,159




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Long leasehold
2,721
-

2,721
-



5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
5,000
5,000

5,000
5,000


Page 6

 
ZIA LUCIA 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
2,048
2,868

Amounts owed by group undertakings
128,370
4,590

Other debtors
10,660
10,705

Prepayments and accrued income
6,523
9,212

147,601
27,375



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
118,603
146,634

118,603
146,634



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
23,631
28,494

Amounts owed to group undertakings
148,977
148,543

Corporation tax
19,119
-

Other taxation and social security
3,566
8,485

Other creditors
6,600
5,653

Accruals and deferred income
4,000
2,000

205,893
193,175



9.


Share capital

2023
2022
£
£
Allotted, called up and partly paid



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


Page 7

 
ZIA LUCIA 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

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, United Kingdom, W1W 6XH.

 
Page 8