Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31No description of principal activity6true2023-01-01false7trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11219840 2023-01-01 2023-12-31 11219840 2022-01-01 2022-12-31 11219840 2023-12-31 11219840 2022-12-31 11219840 c:Director1 2023-01-01 2023-12-31 11219840 c:Director2 2023-01-01 2023-12-31 11219840 c:Director3 2023-01-01 2023-12-31 11219840 c:Director4 2023-01-01 2023-12-31 11219840 c:RegisteredOffice 2023-01-01 2023-12-31 11219840 d:ComputerEquipment 2023-01-01 2023-12-31 11219840 d:ComputerEquipment 2023-12-31 11219840 d:ComputerEquipment 2022-12-31 11219840 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11219840 d:CurrentFinancialInstruments 2023-12-31 11219840 d:CurrentFinancialInstruments 2022-12-31 11219840 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11219840 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11219840 d:ShareCapital 2023-12-31 11219840 d:ShareCapital 2022-12-31 11219840 d:RetainedEarningsAccumulatedLosses 2023-12-31 11219840 d:RetainedEarningsAccumulatedLosses 2022-12-31 11219840 c:FRS102 2023-01-01 2023-12-31 11219840 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11219840 c:FullAccounts 2023-01-01 2023-12-31 11219840 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 11219840







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


SUBROSMART (UK) LIMITED






































                        

 


SUBROSMART (UK) LIMITED
 


 
COMPANY INFORMATION


Directors
G Zarin 
E Schuler 
B Weinstein 
L Drucker 




Registered number
11219840



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Trading Address
34 Lime Street
Suite 1:09

London

EC3M 7AT






Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


SUBROSMART (UK) LIMITED
REGISTERED NUMBER:11219840



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,566
1,584

  
3,566
1,584

Current assets
  

Debtors: amounts falling due within one year
 5 
186,116
65,162

Cash at bank and in hand
  
89,638
72,005

  
275,754
137,167

Creditors: amounts falling due within one year
 6 
(156,638)
(46,615)

Net current assets
  
 
 
119,116
 
 
90,552

Total assets less current liabilities
  
122,682
92,136

  

Net assets
  
122,682
92,136


Capital and reserves
  

Called up share capital 
  
600
600

Profit and loss account
  
122,082
91,536

  
122,682
92,136


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 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: 


G Zarin
Director

Date: 29 February 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 


SUBROSMART (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Subrosmart (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 11219840. The registered office address and principal place of business is stated on the company information page.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

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.

Page 2

 


SUBROSMART (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
50%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
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 non-puttable ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 6).

Page 3

 


SUBROSMART (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
2,797


Additions
3,415



At 31 December 2023

6,212



Depreciation


At 1 January 2023
1,213


Charge for the year on owned assets
1,433



At 31 December 2023

2,646



Net book value



At 31 December 2023
3,566



At 31 December 2022
1,584


5.


Debtors

2023
2022
£
£


Amounts due from connected company
84,791
52,243

Other debtors
12,395
9,200

Prepayments and accrued income
88,930
3,719

186,116
65,162


Page 4

 


SUBROSMART (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
17,318
6,556

Corporation tax
20,503
12,919

Other taxation and social security
21,709
15,969

Other creditors
3,791
2,792

Accruals and deferred income
93,317
8,379

156,638
46,615



7.


Parent company

The ultimate parent company is Amborella LLC based in Delaware, United States.
 
Page 5