Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31false22022-01-01trueNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10824348 2022-01-01 2022-12-31 10824348 2021-09-01 2021-12-31 10824348 2022-12-31 10824348 2021-12-31 10824348 c:Director2 2022-01-01 2022-12-31 10824348 d:CurrentFinancialInstruments 2022-12-31 10824348 d:CurrentFinancialInstruments 2021-12-31 10824348 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10824348 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10824348 d:ShareCapital 2022-12-31 10824348 d:ShareCapital 2021-12-31 10824348 c:OrdinaryShareClass1 2022-01-01 2022-12-31 10824348 c:OrdinaryShareClass1 2022-12-31 10824348 c:OrdinaryShareClass1 2021-12-31 10824348 c:FRS102 2022-01-01 2022-12-31 10824348 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 10824348 c:FullAccounts 2022-01-01 2022-12-31 10824348 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 10824348 2 2022-01-01 2022-12-31 10824348 6 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10824348













INSPIRED IMPACT EG LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022


 
INSPIRED IMPACT EG LIMITED
REGISTERED NUMBER:10824348


BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
101
101

  
101
101

Current assets
  

Debtors: amounts falling due within one year
 5 
49,120,179
40,364,571

  
49,120,179
40,364,571

Creditors: amounts falling due within one year
 6 
(49,120,279)
(40,364,671)

Net current liabilities
  
 
 
(100)
 
 
(100)

Total assets less current liabilities
  
1
1

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
 7 
1
1

  
1
1


Page 1


 
INSPIRED IMPACT EG LIMITED
REGISTERED NUMBER:10824348

    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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 on 17 November 2023.




H A Forusz
Director

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

Page 2


 
INSPIRED IMPACT EG LIMITED
 

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

1.


General information

Inspired Impact EG Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Harwood House, 43 Harwood Road, London, SW6  4QP.
The principal activity of the company is that of a holding company.

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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 balance sheet 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.

 
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

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


 
INSPIRED IMPACT EG LIMITED
 

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

2.Accounting policies (continued)

 
2.8

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2022
101



At 31 December 2022
101





5.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
49,120,179
40,364,571


Page 4


 
INSPIRED IMPACT EG LIMITED
 

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

6.


Creditors: amounts falling due within one year

2022
2021
£
£

Amounts owed to group undertakings
49,120,279
40,364,671



7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 (2021 - 1) ordinary share of £1.00
1
1



8.


Related party transactions

The company has taken advantage allowed by Financial Reporting Standard 102, not to disclose any transactions with the ultimate parent company or any wholly owned subsidiary undertakings of the group. 


9.


Controlling party

The ultimate controlling party is J C Nacos by virtue of him holding 100% of the share capital in Inspired Impact EG Limited. 

 
Page 5