Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31false02022-08-01No description of principal activity0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07654433 2022-08-01 2023-07-31 07654433 2021-08-01 2022-07-31 07654433 2023-07-31 07654433 2022-07-31 07654433 c:Director2 2022-08-01 2023-07-31 07654433 d:ShareCapital 2023-07-31 07654433 d:ShareCapital 2022-07-31 07654433 d:RetainedEarningsAccumulatedLosses 2023-07-31 07654433 d:RetainedEarningsAccumulatedLosses 2022-07-31 07654433 c:FRS102 2022-08-01 2023-07-31 07654433 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 07654433 c:FullAccounts 2022-08-01 2023-07-31 07654433 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07654433 6 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 07654433









SOLO RETAIL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023














 
SOLO RETAIL LIMITED
REGISTERED NUMBER:07654433

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
9,999
882

  
9,999
882

  

Total assets less current liabilities
  
 
9,999
 
882

  

Net assets
  
9,999
882


Capital and reserves
  

Called up share capital 
  
9,999
9,999

Profit and loss account
  
-
(9,117)

  
9,999
882


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 16 November 2023.




R W J Ford
Director

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

Page 1

 
SOLO RETAIL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Solo Retail Limited is a private company, limited by shares, domiciled in England and Wales, registration number 07654433. The registered office is Value House Stores, Clovelly Road Industrial Estate, Bideford, England, EX39 3HN.

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 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 judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
2.3

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 2

 
SOLO RETAIL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

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 Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2022
9,999



At 31 July 2023

9,999





At 1 August 2022
9,117


Reversal of impairment losses
(9,117)



At 31 July 2023

-



Net book value



At 31 July 2023
9,999



At 31 July 2022
882

Page 3