Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-01-01falseWholesale of other office machinery and equipment01truetrue 9605288 2022-01-01 2022-12-31 9605288 2021-01-01 2021-12-31 9605288 2022-12-31 9605288 2021-12-31 9605288 c:Director1 2022-01-01 2022-12-31 9605288 c:Director2 2022-01-01 2022-12-31 9605288 c:Director4 2022-01-01 2022-12-31 9605288 c:Director5 2022-01-01 2022-12-31 9605288 c:RegisteredOffice 2022-01-01 2022-12-31 9605288 d:CurrentFinancialInstruments 2022-12-31 9605288 d:CurrentFinancialInstruments 2021-12-31 9605288 d:Non-currentFinancialInstruments 2022-12-31 9605288 d:Non-currentFinancialInstruments 2021-12-31 9605288 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 9605288 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 9605288 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 9605288 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 9605288 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 9605288 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 9605288 d:ShareCapital 2022-12-31 9605288 d:ShareCapital 2021-12-31 9605288 d:SharePremium 2022-12-31 9605288 d:SharePremium 2021-12-31 9605288 d:RetainedEarningsAccumulatedLosses 2022-12-31 9605288 d:RetainedEarningsAccumulatedLosses 2021-12-31 9605288 c:FRS102 2022-01-01 2022-12-31 9605288 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 9605288 c:FullAccounts 2022-01-01 2022-12-31 9605288 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 9605288 6 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure
Company registration number: 9605288







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2022


ABL INVESTMENTS LIMITED






































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ABL INVESTMENTS LIMITED
 


 
COMPANY INFORMATION


Directors
S Moate 
S Savkovic 
A Wilson
M McLoughlin 
P McKenzie 




Registered number
9605288



Registered office
14 Fleming Close
Park Farm Industrial Estate

Wellingborough

Northamptonshire

NN8 6UF





 


ABL INVESTMENTS LIMITED
REGISTERED NUMBER:9605288



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
5,607,436
5,607,436

  
5,607,436
5,607,436

Current assets
  

Cash at bank and in hand
  
89
629

  
89
629

Creditors: amounts falling due within one year
 5 
(4,645,050)
(4,453,571)

Net current liabilities
  
 
 
(4,644,961)
 
 
(4,452,942)

Total assets less current liabilities
  
962,475
1,154,494

Creditors: amounts falling due after more than one year
 6 
(2,543,382)
(3,472,500)

  

Net liabilities
  
(1,580,907)
(2,318,006)


Capital and reserves
  

Called up share capital 
  
18,018
18,018

Share premium account
  
744,480
744,480

Profit and loss account
  
(2,343,405)
(3,080,504)

  
(1,580,907)
(2,318,006)


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: .


Page 1

 


ABL INVESTMENTS LIMITED
REGISTERED NUMBER:9605288


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

................................................
P McKenzie
Director

Date: 14 November 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


ABL INVESTMENTS LIMITED
 


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

1.


General information

ABL Investments Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page. The principal activity of the company and the nature of its operations are set out in the Strategic Report.

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

Following the difficult years of the COVID outbreak, plans put in place at that time are now delivering in terms of sales, and profitability, UK business is recovering well, existing markets outside of the UK are growing and there has been successful expansion into new overseas markets.
The Directors have been in discussions with the Investors and Loan providers to the business in order to secure ongoing, and where required, additional support. 
The Group has secured new and additional facilities that could be drawn down to assist the Group’s cash flow as and when required. The Group has also negotiated for the suspension of its payment of interest and preference share interest with its Investor post 30 September 2022.
On the basis of the continued support from their principal funders being provided the Directors have adopted
the going concern basis of accounting in preparing the financial statements. The financial statements do not
include any adjustments that would result if the Group was unable to continue as a going concern.

 
2.3

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.

 
2.4

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 reporting date in the countries where the Company operates and generates income.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 


ABL INVESTMENTS LIMITED
 


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

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


3.


Employees

The Company has no employees (2021: 0) other than the directors, who did not receive any remuneration (2021: £0).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2022
5,607,436



At 31 December 2022
5,607,436





5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
13,916
13,916

Amounts owed to group undertakings
4,606,137
4,414,658

Other taxation and social security
3,169
3,169

Accruals and deferred income
21,828
21,828

4,645,050
4,453,571



6.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Other loans
2,543,382
3,472,500

2,543,382
3,472,500


Page 4

 


ABL INVESTMENTS LIMITED
 


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

7.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£



Amounts falling due 2-5 years

Other loans
2,543,382
3,472,500


2,543,382
3,472,500



8.


Controlling party

The parent company is SAMPS Group Limited. The results of the group are included in SAMPS Group Limited consolidated financial statements, and this is the largest and smallest group for which accounts are drawn up. The registered office of SAMPS Group Limited is 14 Fleming Close, Park Farm Industrial Estate, Wellingborough, England, NN8 6UF

 
Page 5