Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalsefalseNo description of principal activity2023-01-0112falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13678498 2023-01-01 2023-12-31 13678498 2021-10-14 2022-12-31 13678498 2023-12-31 13678498 2022-12-31 13678498 c:Director1 2023-01-01 2023-12-31 13678498 d:CurrentFinancialInstruments 2023-12-31 13678498 d:CurrentFinancialInstruments 2022-12-31 13678498 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13678498 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13678498 d:ShareCapital 2023-12-31 13678498 d:ShareCapital 2022-12-31 13678498 d:RetainedEarningsAccumulatedLosses 2023-12-31 13678498 d:RetainedEarningsAccumulatedLosses 2022-12-31 13678498 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13678498 c:OrdinaryShareClass1 2023-12-31 13678498 c:OrdinaryShareClass1 2022-12-31 13678498 c:FRS102 2023-01-01 2023-12-31 13678498 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13678498 c:FullAccounts 2023-01-01 2023-12-31 13678498 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13678498 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13678498










90MILE TRADING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
90MILE TRADING LIMITED
REGISTERED NUMBER: 13678498

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
84,000

Cash at bank and in hand
  
1,780
790,039

  
1,780
874,039

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(88,098)
(1,035,241)

Net current liabilities
  
 
 
(86,318)
 
 
(161,202)

Total assets less current liabilities
  
(86,318)
(161,202)

  

Net liabilities
  
(86,318)
(161,202)


Capital and reserves
  

Called up share capital 
 6 
1,000
1,000

Profit and loss account
  
(87,318)
(162,202)

  
(86,318)
(161,202)


The director considers 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 director acknowledges his 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 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 J Secker
Director

Date: 2 April 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
90MILE TRADING LIMITED
 

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

1.


General information

90Mile Trading Limited is a private company limited by shares and incorporated in England and Wales. The company's registered office is 8th Floor South, Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS.

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 following principal accounting policies have been applied:

 
2.2

Going concern

As shown by the financial statements the liabilities of the company exceed its assets and the company meets its day to day working capital requirements through financial support from the director. The loan from the director to the company will not be called in until the company has sufficient funds to repay the loan. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

 
2.3

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.

 
2.4

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 for services provided during the period, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.5

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.

Page 2

 
90MILE TRADING LIMITED
 

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

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

  
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 ordinary shares.


3.


Employees




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


        2023
        2022
            No.
            No.







Directors
1
1



Staff
-
1

1
2


4.


Debtors

2023
Period ended 31 December 2022
£
£


Trade debtors
-
84,000

-
84,000


Page 3

 
90MILE TRADING LIMITED
 

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

5.


Creditors: amounts falling due within one year

2023
Period ended 31 December 2022
£
£

Trade creditors
600
-

Other creditors
-
1,031,686

Accruals and deferred income
87,498
3,555

88,098
1,035,241



6.


Share capital

2023
Period ended 31 December 2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



7.


Related party transactions

The director controls Secker Capital Limited by virtue of a 100% shareholding.
During the year the company invoiced Secker Capital Limited £84,000 (2022: £84,000) for the development of software, which was paid in full before the year end (2022: £84,000 outstanding).
During the year the company settled a £40,000 loan with Secker Capital Limited (2022: £40,000 outstanding).
Before the year end the company repaid a loan to the director (2022: £991,686 outstanding).


Page 4