Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11348129 2022-06-01 2023-05-31 11348129 2021-06-01 2022-05-31 11348129 2023-05-31 11348129 2022-05-31 11348129 c:Director1 2022-06-01 2023-05-31 11348129 c:RegisteredOffice 2022-06-01 2023-05-31 11348129 d:OfficeEquipment 2022-06-01 2023-05-31 11348129 d:OfficeEquipment 2023-05-31 11348129 d:OfficeEquipment 2022-05-31 11348129 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 11348129 d:CurrentFinancialInstruments 2023-05-31 11348129 d:CurrentFinancialInstruments 2022-05-31 11348129 d:Non-currentFinancialInstruments 2023-05-31 11348129 d:Non-currentFinancialInstruments 2022-05-31 11348129 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 11348129 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 11348129 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 11348129 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 11348129 d:ShareCapital 2023-05-31 11348129 d:ShareCapital 2022-05-31 11348129 d:RetainedEarningsAccumulatedLosses 2023-05-31 11348129 d:RetainedEarningsAccumulatedLosses 2022-05-31 11348129 c:FRS102 2022-06-01 2023-05-31 11348129 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 11348129 c:FullAccounts 2022-06-01 2023-05-31 11348129 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11348129 2 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure
Company registration number: 11348129







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2023


ERICA INVESTMENTS LTD






































img5278.png                        

 


ERICA INVESTMENTS LTD
 


 
COMPANY INFORMATION


Director
P Stevens 




Registered number
11348129



Registered office
18 Causton Street
St Georges Mansions

Flat 18

London

SW1P 4RZ




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


ERICA INVESTMENTS LTD
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


ERICA INVESTMENTS LTD
REGISTERED NUMBER:11348129



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,414
-

  
2,414
-

Current assets
  

Debtors: amounts falling due within one year
 5 
-
800,000

Cash at bank and in hand
 6 
20,870
17,653

  
20,870
817,653

Creditors: amounts falling due within one year
 7 
(2,475)
(4,100)

Net current assets
  
 
 
18,395
 
 
813,553

Total assets less current liabilities
  
20,809
813,553

Creditors: amounts falling due after more than one year
 8 
(39,100)
(835,000)

  

Net liabilities
  
(18,291)
(21,447)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(18,391)
(21,547)

  
(18,291)
(21,447)


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 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 income and retained earnings 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: 




P Stevens
Director

Page 1

 


ERICA INVESTMENTS LTD
REGISTERED NUMBER:11348129


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

Date: 5 February 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


ERICA INVESTMENTS LTD
 


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

1.


General information

Erica Investments Ltd is a private company limited by shares, registered in England and Wales. The
address of its registered office is disclosed on the company information page.

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

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.

 
2.3

Interest income

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

 
2.4

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
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.

Page 3

 


ERICA INVESTMENTS LTD
 


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

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

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 profit or loss.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

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

Page 4

 


ERICA INVESTMENTS LTD
 


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

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
3,219



At 31 May 2023

3,219



Depreciation


Charge for the year on owned assets
805



At 31 May 2023

805



Net book value



At 31 May 2023
2,414



At 31 May 2022
-


5.


Debtors

2023
2022
£
£


Other debtors
-
800,000

-
800,000



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
20,870
17,653

20,870
17,653


Page 5

 


ERICA INVESTMENTS LTD
 


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

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
75
-

Other creditors
-
4,100

Accruals and deferred income
2,400
-

2,475
4,100



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
39,100
835,000

39,100
835,000


 
Page 6