Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312022-08-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2truetrue2No description of principal activity 06639715 2022-08-01 2023-07-31 06639715 2021-08-01 2022-07-31 06639715 2023-07-31 06639715 2022-07-31 06639715 c:Director2 2022-08-01 2023-07-31 06639715 d:CurrentFinancialInstruments 2023-07-31 06639715 d:CurrentFinancialInstruments 2022-07-31 06639715 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 06639715 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 06639715 d:ShareCapital 2023-07-31 06639715 d:ShareCapital 2022-07-31 06639715 d:RetainedEarningsAccumulatedLosses 2023-07-31 06639715 d:RetainedEarningsAccumulatedLosses 2022-07-31 06639715 c:OrdinaryShareClass1 2022-08-01 2023-07-31 06639715 c:OrdinaryShareClass1 2023-07-31 06639715 c:OrdinaryShareClass1 2022-07-31 06639715 c:FRS102 2022-08-01 2023-07-31 06639715 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 06639715 c:FullAccounts 2022-08-01 2023-07-31 06639715 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 06639715 2 2022-08-01 2023-07-31 06639715 6 2022-08-01 2023-07-31 06639715 2 2023-07-31 06639715 2 2022-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06639715









ADLIT INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
ADLIT INVESTMENTS LIMITED
REGISTERED NUMBER: 06639715

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
5,400,000
5,400,000

Current assets
  

Cash at bank and in hand
 5 
60,634
92,239

  
60,634
92,239

Creditors: amounts falling due within one year
 6 
(5,471,502)
(5,501,757)

Net current liabilities
  
 
 
(5,410,868)
 
 
(5,409,518)

Total assets less current liabilities
  
(10,868)
(9,518)

  

Net liabilities
  
(10,868)
(9,518)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(10,869)
(9,519)

  
(10,868)
(9,518)


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 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: 




D Chambers
Director

Date: 17 January 2024
Page 1

 
ADLIT INVESTMENTS LIMITED
REGISTERED NUMBER: 06639715
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023


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

Page 2

 
ADLIT INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

ADLIT Investments Limited is a private company limited by shares and registered in England and Wales. Its registered office address is 6a High Street, Chelmsford, CM1 1BE.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

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

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of St. Andrews Investments (Jersey) Limited as at 31 July 2023 and these financial statements may be obtained from 28 Esplanade, St Helier, Jersey, JE2 3QA.

 
2.3

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.

 
2.4

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.5

Interest income

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

 
2.6

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 3

 
ADLIT INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
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 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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, 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, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

  
2.10

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds


3.


Employees

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

Page 4

 
ADLIT INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 August 2022
5,400,000



At 31 July 2023
5,400,000






Net book value



At 31 July 2023
5,400,000



At 31 July 2022
5,400,000


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
60,634
92,239



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
255

Amounts owed to group undertakings
5,469,942
5,499,942

Accruals and deferred income
1,560
1,560

5,471,502
5,501,757


Page 5

 
ADLIT INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



8.


Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.


9.


Controlling party

The immediate parent undertaking is St. Andrews Investments (Jersey) Limited, registered office 28 Esplanade, St Helier, Jersey, JE2 3QA.
In the opinion of the directors there is no ultimate controlling party.

 
Page 6