Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-3012022-10-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06492016 2022-10-01 2023-09-30 06492016 2021-10-01 2022-09-30 06492016 2023-09-30 06492016 2022-09-30 06492016 2021-10-01 06492016 c:CompanySecretary1 2022-10-01 2023-09-30 06492016 c:Director1 2022-10-01 2023-09-30 06492016 c:Director2 2022-10-01 2023-09-30 06492016 c:RegisteredOffice 2022-10-01 2023-09-30 06492016 d:CurrentFinancialInstruments 2023-09-30 06492016 d:CurrentFinancialInstruments 2022-09-30 06492016 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06492016 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 06492016 d:ShareCapital 2023-09-30 06492016 d:ShareCapital 2022-09-30 06492016 d:ShareCapital 2021-10-01 06492016 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 06492016 d:RetainedEarningsAccumulatedLosses 2023-09-30 06492016 d:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 06492016 d:RetainedEarningsAccumulatedLosses 2022-09-30 06492016 d:RetainedEarningsAccumulatedLosses 2021-10-01 06492016 c:FRS102 2022-10-01 2023-09-30 06492016 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 06492016 c:FullAccounts 2022-10-01 2023-09-30 06492016 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 06492016 1 2022-10-01 2023-09-30 06492016 6 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure
Registered number: 06492016 (England and Wales)














TROWBRIDGE GLOBAL TAX SERVICES LTD
(Formerly Trowbridge International Tax Services Ltd)
UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
TROWBRIDGE GLOBAL TAX SERVICES LTD
 
(Formerly Trowbridge International Tax Services Ltd)
 
 
COMPANY INFORMATION


Directors
W Bewick 
C T Trowbridge 




Company secretary
W Bewick



Registered number
06492016



Registered office
Birchin Court
5th Floor

19-25 Birchin Lane

London

United Kingdom

EC3V 9DU




Accountants
ZEDRA Corporate Reporting Services (UK) Limited





 
TROWBRIDGE GLOBAL TAX SERVICES LTD
 
(Formerly Trowbridge International Tax Services Ltd)
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 7


 
TROWBRIDGE GLOBAL TAX SERVICES LTD
  
(Formerly Trowbridge International Tax Services Ltd)
REGISTERED NUMBER:06492016

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Fixed asset investments
 3 
50,000
50,000

  
50,000
50,000

Current assets
  

Debtors: amounts falling due within one year
 4 
325,693
271,049

Bank and cash balances
  
17,332
327,132

  
343,025
598,181

Creditors: amounts falling due within one year
 5 
(477,107)
(656,603)

Net current liabilities
  
 
 
(134,082)
 
 
(58,422)

Total assets less current liabilities
  
(84,082)
(8,422)

  

Net liabilities
  
(84,082)
(8,422)

Page 1

 
TROWBRIDGE GLOBAL TAX SERVICES LTD
  
(Formerly Trowbridge International Tax Services Ltd)
REGISTERED NUMBER:06492016
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

2023
2022
£
£

Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(84,083)
(8,423)

  
(84,082)
(8,422)


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: 

C T Trowbridge
Director

Date: 19 March 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
TROWBRIDGE GLOBAL TAX SERVICES LTD
 
(Formerly Trowbridge International Tax Services Ltd)
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 October 2021
1
111,728
111,729


Comprehensive income for the year

Loss for the year
-
(120,151)
(120,151)



At 1 October 2022
1
(8,423)
(8,422)


Comprehensive income for the year

Loss for the year
-
(75,660)
(75,660)


At 30 September 2023
1
(84,083)
(84,082)


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
TROWBRIDGE GLOBAL TAX SERVICES LTD
 
(Formerly Trowbridge International Tax Services Ltd)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.Accounting policies

 
1.1

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 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 the Group are exempt from preparing consolidated financial statements.

The following principal accounting policies have been applied:

 
1.2

Going concern

These accounts have been prepared on the going concern basis as the parent company, Trowbridge Professional Corporation, has indicated its continuing financial support of the company. For this reason the directors continue to adopt the going concern basis of preparation.

 
1.3

Turnover

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.

 
1.4

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.

Page 4

 
TROWBRIDGE GLOBAL TAX SERVICES LTD
 
(Formerly Trowbridge International Tax Services Ltd)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.Accounting policies (continued)

 
1.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
1.6

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

 
1.7

Debtors

Short term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

 
1.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

  
1.9

Creditors

Short term creditors are measured at the transaction price. Amounts owed to group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.


2.


Employees

The average monthly number of employees during the year was as follows:


        2023
        2022
            No.
            No.







Employees
1
1

Page 5

 
TROWBRIDGE GLOBAL TAX SERVICES LTD
 
(Formerly Trowbridge International Tax Services Ltd)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3.


Fixed asset investments





Investment in subsidiary company

£



Cost or valuation


At 1 October 2022
50,000



At 30 September 2023
50,000





4.


Debtors

2023
2022
£
£


Trade debtors
22,890
38,683

Amounts owed by group undertakings
37,141
-

Other debtors
195,244
138,659

Prepayments and accrued income
70,418
93,707

325,693
271,049



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
25,809
4,746

Amounts owed to group undertakings
386,590
539,036

Other taxation and social security
19,831
15,621

Other creditors
39,652
91,974

Accruals and deferred income
5,225
5,226

477,107
656,603


Page 6

 
TROWBRIDGE GLOBAL TAX SERVICES LTD
 
(Formerly Trowbridge International Tax Services Ltd)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Controlling party

Trowbridge Professional Corporation is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 1 King Street West, Suite 1201, Toronto, Ontario, M5H 1A1.


7.


Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved.

 
Page 7