Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity32truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13261265 2022-04-01 2023-03-31 13261265 2021-03-11 2022-03-31 13261265 2023-03-31 13261265 2022-03-31 13261265 c:Director1 2022-04-01 2023-03-31 13261265 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 13261265 d:Buildings d:LongLeaseholdAssets 2023-03-31 13261265 d:Buildings d:LongLeaseholdAssets 2022-03-31 13261265 d:FurnitureFittings 2022-04-01 2023-03-31 13261265 d:FurnitureFittings 2023-03-31 13261265 d:FurnitureFittings 2022-03-31 13261265 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13261265 d:ComputerEquipment 2022-04-01 2023-03-31 13261265 d:ComputerEquipment 2023-03-31 13261265 d:ComputerEquipment 2022-03-31 13261265 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13261265 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13261265 d:CurrentFinancialInstruments 2023-03-31 13261265 d:CurrentFinancialInstruments 2022-03-31 13261265 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13261265 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13261265 d:ShareCapital 2023-03-31 13261265 d:ShareCapital 2022-03-31 13261265 d:RetainedEarningsAccumulatedLosses 2023-03-31 13261265 d:RetainedEarningsAccumulatedLosses 2022-03-31 13261265 c:OrdinaryShareClass1 2022-04-01 2023-03-31 13261265 c:OrdinaryShareClass1 2023-03-31 13261265 c:OrdinaryShareClass1 2022-03-31 13261265 c:FRS102 2022-04-01 2023-03-31 13261265 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13261265 c:FullAccounts 2022-04-01 2023-03-31 13261265 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13261265 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13261265









QUBE (EAST) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
QUBE (EAST) LIMITED
REGISTERED NUMBER: 13261265

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,202,785
117,192

  
1,202,785
117,192

Current assets
  

Debtors: amounts falling due within one year
 5 
245,828
284,677

Cash at bank and in hand
 6 
199,483
-

  
445,311
284,677

Creditors: amounts falling due within one year
 7 
(1,857,316)
(519,160)

Net current liabilities
  
 
 
(1,412,005)
 
 
(234,483)

Total assets less current liabilities
  
(209,220)
(117,291)

  

Net liabilities
  
(209,220)
(117,291)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(209,320)
(117,391)

  
(209,220)
(117,291)

Page 1

 
QUBE (EAST) LIMITED
REGISTERED NUMBER: 13261265
    
STATEMENT OF FINANCIAL POSITION (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 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 Hamzianpour
Director

Date: 14 March 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
QUBE (EAST) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Qube (East) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 168 Dukes Road, London, W3 0SL. The registration number is 13261265. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors have obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
 
Potential sources of uncertainty noted by the directors include the COVID-19 pandemic. However, at the date of this report it is not possible to reliably determine the effects that this will have on the company.
 
Accordingly the directors have continued to prepare the financial statements on the going concern basis.

Page 3

 
QUBE (EAST) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

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.

Page 4

 
QUBE (EAST) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

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:

Long-term leasehold property
-
Over the period of 15 years
Fixtures and fittings
-
25%
Reducing balance method
Computer equipment
-
25%
Reducing balance method

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

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

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.

 
2.8

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 5

 
QUBE (EAST) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Employees

2023
2022
£
£

Wages and salaries
52,372
-

Social security costs
1,147
-

Cost of defined contribution scheme
375
-

53,894
-


The average monthly number of employees, including directors, during the year was 3 (2022 - 2).


4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
120,282
-
-
120,282


Additions
1,093,424
17,516
21,681
1,132,621



At 31 March 2023

1,213,706
17,516
21,681
1,252,903



Depreciation


At 1 April 2022
3,090
-
-
3,090


Charge for the year on owned assets
43,770
753
2,505
47,028



At 31 March 2023

46,860
753
2,505
50,118



Net book value



At 31 March 2023
1,166,846
16,763
19,176
1,202,785

Page 6

 
QUBE (EAST) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
3,543
-

Other debtors
242,285
284,677

245,828
284,677



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
199,483
-

199,483
-



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
21,635
21,743

Amounts owed to group undertakings
1,514,942
495,917

Other taxation and social security
5,390
-

Other creditors
13,291
-

Accruals and deferred income
302,058
1,500

1,857,316
519,160



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 7