Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.4true2022-06-01false4true 12347456 2022-06-01 2023-05-31 12347456 2021-06-01 2022-05-31 12347456 2023-05-31 12347456 2022-05-31 12347456 c:Director3 2022-06-01 2023-05-31 12347456 d:CurrentFinancialInstruments 2023-05-31 12347456 d:CurrentFinancialInstruments 2022-05-31 12347456 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12347456 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 12347456 d:ShareCapital 2023-05-31 12347456 d:ShareCapital 2022-05-31 12347456 d:MergerReserve 2023-05-31 12347456 d:MergerReserve 2022-05-31 12347456 d:RetainedEarningsAccumulatedLosses 2023-05-31 12347456 d:RetainedEarningsAccumulatedLosses 2022-05-31 12347456 c:FRS102 2022-06-01 2023-05-31 12347456 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 12347456 c:FullAccounts 2022-06-01 2023-05-31 12347456 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 12347456 6 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 12347456









Statiflo Group Holdings Ltd







Unaudited

Financial statements

Information for filing with the registrar

For the period ended 31 May 2023

 
Statiflo Group Holdings Ltd
Registered number: 12347456

Balance Sheet
As at 31 May 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
2,341,801
2,341,801

  

Creditors: amounts falling due within one year
 5 
(710,294)
(710,187)

Net current liabilities
  
 
 
(710,294)
 
 
(710,187)

Total assets less current liabilities
  
1,631,507
1,631,614

  

Net assets
  
1,631,507
1,631,614


Capital and reserves
  

Called up share capital 
  
500
500

Merger reserve
  
1,516,667
1,516,667

Profit and loss account
  
114,340
114,447

  
1,631,507
1,631,614


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 period 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 income and retained earnings 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: 




P T Davies
Director

Date: 1 November 2023

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

Page 1

 
Statiflo Group Holdings Ltd
 
 
 
Notes to the Financial Statements
For the period ended 31 May 2023

1.


General information

Statiflo Group Holdings Ltd is a private company limited by share capital incorporated in England & Wales, company number 12347456.  The address of the registered office and the principal place of business is Wood Street, Macclesfield, Cheshire SK11 6JQ.

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

Exemption from preparing consolidated financial statements

The Company and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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

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 ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Page 2

 
Statiflo Group Holdings Ltd
 
 
 
Notes to the Financial Statements
For the period ended 31 May 2023

2.Accounting policies (continued)

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 4 (2022 - 4).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2022
2,341,801



At 31 May 2023
2,341,801






Net book value



At 31 May 2023
2,341,801



At 31 May 2022
2,341,801


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
710,294
684,078

Other taxation and social security
-
109

Other creditors
-
26,000

710,294
710,187


Other creditors are secured.

 
Page 3