Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31true2022-09-011trueNo description of principal activity2true 08011390 2022-09-01 2023-08-31 08011390 2021-09-01 2022-08-31 08011390 2023-08-31 08011390 2022-08-31 08011390 c:Director1 2022-09-01 2023-08-31 08011390 d:CurrentFinancialInstruments 2023-08-31 08011390 d:CurrentFinancialInstruments 2022-08-31 08011390 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08011390 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 08011390 d:ShareCapital 2023-08-31 08011390 d:ShareCapital 2022-08-31 08011390 d:RetainedEarningsAccumulatedLosses 2023-08-31 08011390 d:RetainedEarningsAccumulatedLosses 2022-08-31 08011390 c:EntityHasNeverTraded 2022-09-01 2023-08-31 08011390 c:FRS102 2022-09-01 2023-08-31 08011390 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08011390 c:FullAccounts 2022-09-01 2023-08-31 08011390 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 08011390










SEVCO 5088 LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

 
SEVCO 5088 LIMITED
REGISTERED NUMBER: 08011390

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

  

  

Creditors: amounts falling due within one year
 4 
(8,250)
(8,250)

Net current liabilities
  
 
 
(8,250)
 
 
(8,250)

Total assets less current liabilities
  
(8,250)
(8,250)

  

Net liabilities
  
(8,250)
(8,250)


Capital and reserves
  

Called up share capital 
  
10,000,001
10,000,001

Profit and loss account
  
(10,008,251)
(10,008,251)

  
(8,250)
(8,250)


For the year ended 31 August 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 profit and loss account 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 21 April 2024.




G Jones on behalf of Henderson & Jones Limited
Director

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

Page 1

 
SEVCO 5088 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

This company is a private company limited by share capital, incorporated in England and Wales. The registered office address is 1 The Green, Richmond, Surrey, TW9 1PL. 

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 financial statements have been prepared on a breakup basis at the year end. In adopting the break up basis at the year end the following policies and procedures were implemented:
                                                                                                                                                                   - all assets have been disclosed at values at which they are expected to be realised
- all liabilities reflect the full amount at which they are expected to materialise
The following principal accounting policies have been applied:

 
2.2

Going concern

As the company is insolvent, the directors consider it inappropriate to prepare the financial statements on a going concern basis and therefore the directors have prepared these financial statements on a break-up basis as set out above under the basis of preparation.

 
2.3

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

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.

 
2.4

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 -2).

Page 2

 
SEVCO 5088 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
8,250
8,250



5.


Controlling party

The company's immediate parent company is Law Financial Limited and the ultimate parent company is Worthington Group Plc, a company incorporated in England and Wales, by virtue of its shareholding in the immediate parent company. There was no ultimate controlling party in the current or preceding year. 

Page 3