Caseware UK (AP4) 2022.0.179 2022.0.179 2021-12-312021-12-31false6falsetrue62021-01-01The principal activity of the company in the year under review was that of providing sales and marketing services for its parent company. 12339614 2021-01-01 2021-12-31 12339614 2019-11-28 2020-12-31 12339614 2021-12-31 12339614 2020-12-31 12339614 c:Director3 2021-01-01 2021-12-31 12339614 d:CurrentFinancialInstruments 2021-12-31 12339614 d:CurrentFinancialInstruments 2020-12-31 12339614 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 12339614 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 12339614 d:ShareCapital 2021-12-31 12339614 d:ShareCapital 2020-12-31 12339614 d:RetainedEarningsAccumulatedLosses 2021-12-31 12339614 d:RetainedEarningsAccumulatedLosses 2020-12-31 12339614 c:FRS102 2021-01-01 2021-12-31 12339614 c:Audited 2021-01-01 2021-12-31 12339614 c:FullAccounts 2021-01-01 2021-12-31 12339614 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 12339614 c:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 12339614









NULOGY UK LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
NULOGY UK LIMITED
REGISTERED NUMBER: 12339614

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
96,497
66,051

  
96,497
66,051

Creditors: amounts falling due within one year
 5 
(64,185)
(49,193)

Net current assets
  
 
 
32,312
 
 
16,858

Total assets less current liabilities
  
32,312
16,858

  

Net assets
  
32,312
16,858


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
32,212
16,758

  
32,312
16,858


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  by 




................................................
J Tham
Director

Date: 17 January 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
NULOGY UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Nulogy UK Ltd (Company) is a company incorporated in the United Kingdom under the Companies Act. The Company is a private company, limited by shares, registered in England and Waled. The registered office is Suit 2, First Floor, 10 Temple Back, Bristol, BS1 6FL.

The Company was incorporated on 28 November 2019. The directors have extended the first period of account in order to align with that of its parent company and therefore chosen a December period end. The comparatives of these financial statements present the first period from 28 November 2019 to 31 December 2020.

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

Going concern

The Company is due to undertake a liquidation process, therefore, the directors have prepared the financial statements on a basis other than that of a going concern. No material adjustments arose as a result of ceasing to apply the going concern basis. The directors of Nulogy Corporation, its parent Company, have provided a commitment to provide any financial support which may be necessary in order that the Company can meet its liabilities, as they fall due, and for the foreseeable future until such point that the Company has been liquidated.

 
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.

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 except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
NULOGY UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
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, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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.

 
2.7

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 3

 
NULOGY UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.8

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 6 (2020 - 6).


4.


Debtors

2021
2020
£
£


Amounts owed by group undertakings
95,347
62,731

Other debtors
1,150
3,320

96,497
66,051



5.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
3,559
135

Accruals and deferred income
60,626
49,058

64,185
49,193



6.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £14,120 (2020 :£15,372). Contributions totalling £nil (2020: £nil) were payable to the fund at the balance sheet date and are included in creditors.


7.


Controlling party

Th immediate parent company and controlling party is Nulogy Corporation. Nulogy Corporation is the largest and smallest group for which consolidated financial statements are drawn up.

Page 4

 
NULOGY UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

8.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2021 was unqualified.

The audit report was signed on 18 January 2024 by Anthony Campbell (Senior Statutory Auditor) on behalf of Nortons Assurance Limited.

 
Page 5