Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3142023-01-01falseservices to its subsidiary4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07549811 2023-01-01 2023-12-31 07549811 2022-01-01 2022-12-31 07549811 2023-12-31 07549811 2022-12-31 07549811 c:Director2 2023-01-01 2023-12-31 07549811 d:MotorVehicles 2023-01-01 2023-12-31 07549811 d:MotorVehicles 2023-12-31 07549811 d:MotorVehicles 2022-12-31 07549811 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07549811 d:CurrentFinancialInstruments 2023-12-31 07549811 d:CurrentFinancialInstruments 2022-12-31 07549811 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07549811 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07549811 d:ShareCapital 2023-12-31 07549811 d:ShareCapital 2022-12-31 07549811 d:RetainedEarningsAccumulatedLosses 2023-12-31 07549811 d:RetainedEarningsAccumulatedLosses 2022-12-31 07549811 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07549811 c:OrdinaryShareClass1 2023-12-31 07549811 c:FRS102 2023-01-01 2023-12-31 07549811 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07549811 c:FullAccounts 2023-01-01 2023-12-31 07549811 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07549811 6 2023-01-01 2023-12-31 07549811 7 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07549811














WORLDVIEW CAPITAL SERVICES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
WORLDVIEW CAPITAL SERVICES LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
WORLDVIEW CAPITAL SERVICES LIMITED
REGISTERED NUMBER:07549811

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
68,354
108,595

Investments
 5 
155,000
155,000

  
223,354
263,595

Current assets
  

Debtors: amounts falling due within one year
 6 
71,864
55,846

Cash at bank and in hand
  
36,402
95,629

  
108,266
151,475

Creditors: amounts falling due within one year
 7 
(32,598)
(125,683)

Net current assets
  
 
 
75,668
 
 
25,792

  

Net assets
  
299,022
289,387


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
298,022
288,387

  
299,022
289,387


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.





 
Page 1

 
WORLDVIEW CAPITAL SERVICES LIMITED
REGISTERED NUMBER:07549811
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 April 2024.




A Moskov
Director

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

Page 2

 
WORLDVIEW CAPITAL SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Worldview Capital Services Limited is a limited liability company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD and its main trading address is Michelin House, 81 Fulham Road, London SW3 6RD. 
The principal activity of the company is the provision of management services to its subsidiary.

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

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.

 
2.3

Turnover

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable. 
Turnover comprises revenue recognised by the company in respect of management services and is recognised when the services are provided.

Page 3

 
WORLDVIEW CAPITAL SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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 reporting 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 reporting 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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives on the following basis:

Motor vehicles
-
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 the Consolidated Statement of Comprehensive Income.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 
WORLDVIEW CAPITAL SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

 
2.8

Basic financial instruments

The company only enters into transactions that result in basic financial assets and basic financial liabilities. 
Basic financial assets, such as trade and other debtors, are recognised initially at the transaction price less attributable transaction costs. Basic financial liabilities, such as trade and other creditors, are recognised initially at the transaction price plus attributable transaction costs. Subsequently, they are measured at amortised cost using the effective interest method, less any impairment losses in the case of basic financial assets.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
Financial assets and liabilities are offset and the net amounts presented in the financial statements 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).



Page 5

 
WORLDVIEW CAPITAL SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Motor vehicles

£



Cost


At 1 January 2023
120,833



At 31 December 2023

120,833



Depreciation


At 1 January 2023
12,238


Charge for the year on owned assets
40,241



At 31 December 2023

52,479



Net book value



At 31 December 2023
68,354



At 31 December 2022
108,595


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
155,000



At 31 December 2023
155,000




Page 6

 
WORLDVIEW CAPITAL SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
11,390
16,638

Prepayments and accrued income
60,474
39,208

71,864
55,846



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
11,084
38,880

Amounts owed to group undertakings
38
75,036

Corporation tax
15,117
5,464

Accruals and deferred income
6,359
6,303

32,598
125,683



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 Ordinary shares of £1 each
1,000
1,000



9.


Controlling party

The company's parent entity is Worldview International Management Limited SEZC, a company registered in the Cayman Islands.

 
Page 7