Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.42022-01-01falseNo description of principal activity6truetrue 08827447 2022-01-01 2022-12-31 08827447 2021-01-01 2021-12-31 08827447 2022-12-31 08827447 2021-12-31 08827447 c:Director1 2022-01-01 2022-12-31 08827447 d:FurnitureFittings 2022-01-01 2022-12-31 08827447 d:FurnitureFittings 2022-12-31 08827447 d:FurnitureFittings 2021-12-31 08827447 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 08827447 d:ComputerEquipment 2022-01-01 2022-12-31 08827447 d:ComputerEquipment 2022-12-31 08827447 d:ComputerEquipment 2021-12-31 08827447 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 08827447 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 08827447 d:CurrentFinancialInstruments 2022-12-31 08827447 d:CurrentFinancialInstruments 2021-12-31 08827447 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08827447 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 08827447 d:ShareCapital 2022-12-31 08827447 d:ShareCapital 2021-12-31 08827447 d:RetainedEarningsAccumulatedLosses 2022-12-31 08827447 d:RetainedEarningsAccumulatedLosses 2021-12-31 08827447 c:FRS102 2022-01-01 2022-12-31 08827447 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 08827447 c:FullAccounts 2022-01-01 2022-12-31 08827447 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 08827447 2 2022-01-01 2022-12-31 08827447 6 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 08827447









QUADRIVIO INTERNATIONAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
QUADRIVIO INTERNATIONAL LIMITED
REGISTERED NUMBER: 08827447

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
70,920
56,740

Investments
 5 
1,464
1,464

  
72,384
58,204

Current assets
  

Debtors: amounts falling due within one year
 6 
555,612
633,465

Cash at bank and in hand
 7 
569,432
103,284

  
1,125,044
736,749

Creditors: amounts falling due within one year
 8 
(1,198,766)
(676,001)

Net current (liabilities)/assets
  
 
 
(73,722)
 
 
60,748

Total assets less current liabilities
  
(1,338)
118,952

  

Net (liabilities)/assets
  
(1,338)
118,952


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Profit and loss account
  
(6,338)
113,952

  
(1,338)
118,952


Page 1

 
QUADRIVIO INTERNATIONAL LIMITED
REGISTERED NUMBER: 08827447
    
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 by: 




A Binello
Director

Date: 14 March 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
QUADRIVIO INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Quadrivio International Limited is a limited liability company incorporated in England and Wales. The registered office address is 101 New Cavendish Street, 1st Floor South, W1W 6XH.

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

Going concern

The preparation of the financial statements requires the directors to make an assessment of the company’s ability to continue as a going concern. The company is in a net deficit position and is reliant on the continuing support of its shareholders and other group entities in order to meet its short-term working capital requirements. The directors are confident that support from these parties will continue. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

 
2.3

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.

 
2.4

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

Page 3

 
QUADRIVIO INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

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:

Fixtures and fittings
-
20%
Reducing balance method
Computer equipment
-
33%
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.

 
2.6

Valuation of investments

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 Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.7

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.

 
2.8

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.

 
2.9

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 4

 
QUADRIVIO INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Interest income

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

 
2.14

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.15

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.

Page 5

 
QUADRIVIO INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2021 - 4).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2022
48,492
22,882
71,374


Additions
33,771
-
33,771



At 31 December 2022

82,263
22,882
105,145



Depreciation


At 1 January 2022
2,907
11,727
14,634


Charge for the year on owned assets
13,767
5,824
19,591



At 31 December 2022

16,674
17,551
34,225



Net book value



At 31 December 2022
65,589
5,331
70,920



At 31 December 2021
45,585
11,155
56,740


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2022
1,464



At 31 December 2022
1,464




Page 6

 
QUADRIVIO INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
532,869
559,583

Other debtors
22,743
40,800

Prepayments and accrued income
-
33,082

555,612
633,465



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
569,432
103,284

Less: bank overdrafts
-
(90)

569,432
103,194



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank overdrafts
-
90

Trade creditors
32,581
38,143

Corporation tax
4,176
8,039

Other taxation and social security
29,487
-

Other creditors
1,099,942
597,149

Accruals and deferred income
32,580
32,580

1,198,766
676,001



9.


Controlling party

The controlling party, and parent undertaking of the Company is Q-GROUP S.A R.L., a private limited liability company resident in Luxembourg.

 
Page 7