Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseActivities of head offices23trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09636782 2023-01-01 2023-12-31 09636782 2022-01-01 2022-12-31 09636782 2023-12-31 09636782 2022-12-31 09636782 2022-01-01 09636782 1 2023-01-01 2023-12-31 09636782 1 2022-01-01 2022-12-31 09636782 8 2023-01-01 2023-12-31 09636782 d:Director2 2023-01-01 2023-12-31 09636782 e:FreeholdInvestmentProperty 2023-12-31 09636782 e:FreeholdInvestmentProperty 2022-12-31 09636782 e:CurrentFinancialInstruments 2023-12-31 09636782 e:CurrentFinancialInstruments 2022-12-31 09636782 e:Non-currentFinancialInstruments 2023-12-31 09636782 e:Non-currentFinancialInstruments 2022-12-31 09636782 e:CurrentFinancialInstruments e:WithinOneYear 2023-12-31 09636782 e:CurrentFinancialInstruments e:WithinOneYear 2022-12-31 09636782 e:ShareCapital 2023-12-31 09636782 e:ShareCapital 2022-12-31 09636782 e:ShareCapital 2022-01-01 09636782 e:CapitalRedemptionReserve 2023-12-31 09636782 e:CapitalRedemptionReserve 1 2023-01-01 2023-12-31 09636782 e:CapitalRedemptionReserve 2022-12-31 09636782 e:CapitalRedemptionReserve 2022-01-01 09636782 e:RevaluationReserve 1 2022-01-01 2022-12-31 09636782 e:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09636782 e:RetainedEarningsAccumulatedLosses 2023-12-31 09636782 e:RetainedEarningsAccumulatedLosses 1 2023-01-01 2023-12-31 09636782 e:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 09636782 e:RetainedEarningsAccumulatedLosses 2022-12-31 09636782 e:RetainedEarningsAccumulatedLosses 2022-01-01 09636782 e:RetainedEarningsAccumulatedLosses 1 2022-01-01 2022-12-31 09636782 d:FRS102 2023-01-01 2023-12-31 09636782 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09636782 d:FullAccounts 2023-01-01 2023-12-31 09636782 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09636782 2 2023-01-01 2023-12-31 09636782 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09636782










PRINTAPLY (HOLDINGS) LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PRINTAPLY (HOLDINGS) LTD
REGISTERED NUMBER: 09636782

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
100
100

Investment property
 5 
400,000
400,000

  
400,100
400,100

Current assets
  

Debtors
 6 
461,102
440,495

Cash at bank and in hand
  
12,364
69,960

  
473,466
510,455

Creditors: amounts falling due within one year
 7 
(7,393)
(7,195)

Net current assets
  
 
 
466,073
 
 
503,260

  

Net assets
  
866,173
903,360


Capital and reserves
  

Called up share capital 
  
588,100
648,100

Capital redemption reserve
  
232,000
172,000

Profit and loss account
  
46,073
83,260

  
866,173
903,360


Page 1

 
PRINTAPLY (HOLDINGS) LTD
REGISTERED NUMBER: 09636782
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 on 3 April 2024.


J Smith
Director

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

Page 2

 
PRINTAPLY (HOLDINGS) LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 January 2022
820,100
-
158,761
978,861


Comprehensive income for the year

Profit for the year
-
-
222,999
222,999

Shares redeemed during the year
(172,000)
172,000
-
-

Dividends: Equity capital
-
-
(126,500)
(126,500)

Purchase of own shares
-
-
(172,000)
(172,000)



At 1 January 2023
648,100
172,000
83,260
903,360


Comprehensive income for the year

Profit for the year
-
-
147,813
147,813

Shares redeemed during the year
-
-
-
-

Shares redeemed during the year
(60,000)
60,000
-
-

Dividends: Equity capital
-
-
(125,000)
(125,000)

Purchase of own shares
-
-
(60,000)
(60,000)


At 31 December 2023
588,100
232,000
46,073
866,173


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

Page 3

 
PRINTAPLY (HOLDINGS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Printaply (Holdings) Ltd is a Company limited by shares, incorporated in England and Wales (registered number: 09636782). Its registered office is 4 Highfield Lane, Sheffield, South Yorkshire, S13 9NA. The principal activity of the Company throughout the year continued to be that of a holding Company.

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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

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:

Rental income is recognised on an accruals basis over the period to which it relates.

 
2.3

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 
PRINTAPLY (HOLDINGS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.6

Interest income

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

 
2.7

Taxation

Tax is recognised in the Statement of Comprehensive Income.
The current 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

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

Page 5

 
PRINTAPLY (HOLDINGS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2023
100



At 31 December 2023
100





5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
400,000



At 31 December 2023
400,000

The 2019 valuation is based on the value assigned to the property when the property was purchased. In the view of the directors there has been no material change to the valuation of the property since that date.







6.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
461,102
440,495



This balance was due from a wholly owned subsidiary.

Page 6

 
PRINTAPLY (HOLDINGS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
5,593
5,395

Accruals and deferred income
1,800
1,800

7,393
7,195



8.


Related party transactions

Printaply (Holdings) Ltd has provided security in the form of investment properties against the debt of it's subsidary Printaply Ltd. 

 
Page 7