Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-02-18falseNo description of principal activity5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13926081 2022-02-17 13926081 2022-02-18 2023-03-31 13926081 2021-02-18 2022-02-17 13926081 2023-03-31 13926081 c:Director3 2022-02-18 2023-03-31 13926081 d:CurrentFinancialInstruments 2023-03-31 13926081 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13926081 d:ShareCapital 2023-03-31 13926081 d:SharePremium 2023-03-31 13926081 d:RetainedEarningsAccumulatedLosses 2023-03-31 13926081 c:FRS102 2022-02-18 2023-03-31 13926081 c:AuditExempt-NoAccountantsReport 2022-02-18 2023-03-31 13926081 c:FullAccounts 2022-02-18 2023-03-31 13926081 c:PrivateLimitedCompanyLtd 2022-02-18 2023-03-31 13926081 6 2022-02-18 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 13926081










CAISSON IO GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
CAISSON IO GROUP LIMITED
REGISTERED NUMBER: 13926081

BALANCE SHEET
AS AT 31 MARCH 2023

2023
Note
£

Fixed assets
  

Investments
 5 
1,717,100

  
1,717,100

Current assets
  

Debtors: amounts falling due within one year
 6 
1

Cash at bank and in hand
  
53,391

  
53,392

Creditors: amounts falling due within one year
 7 
(289)

Net current assets
  
 
 
53,103

Total assets less current liabilities
  
1,770,203

  

Net assets
  
1,770,203


Capital and reserves
  

Called up share capital 
  
890

Share premium account
  
1,527,302

Profit and loss account
  
242,011

  
1,770,203


Page 1

 
CAISSON IO GROUP LIMITED
REGISTERED NUMBER: 13926081
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 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 on 17 November 2023.




................................................
M A Newman
Director

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

Page 2

 
CAISSON IO GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Caisson IO Group Limited is a private company limited by shares incorporated and registered in England and Wales in the United Kingdom. The address of the registered office is Hasilwood House, 60-64 Bishopsgate, London, England, EC2N 4AW.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. 
Caisson IO Group Limited was incorporated on 18th February 2022 and the financial statements are for the 14 month period to 31st March 2023. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

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.

 
2.4

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.

 
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.

Page 3

 
CAISSON IO GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

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 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.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

 
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.


Judgements in applying accounting policies and key sources of estimation uncertainty

In preparing these financial statements, management have made a judgement on the carrying value of investments in subsidiary companies, recognising impairments where required. 


4.


Employees

The average monthly number of employees, including directors, during the period was 5.

Page 4

 
CAISSON IO GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
2,881,080



At 31 March 2023

2,881,080



Impairment


Charge for the period
1,163,980



At 31 March 2023

1,163,980



Net book value



At 31 March 2023
1,717,100


6.


Debtors

2023
£


Other debtors
1

1



7.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
289

289


Page 5