Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30true32022-07-01trueNo description of principal activity3truefalse 05902031 2022-07-01 2023-06-30 05902031 2021-07-01 2022-06-30 05902031 2023-06-30 05902031 2022-06-30 05902031 c:Director2 2022-07-01 2023-06-30 05902031 d:CurrentFinancialInstruments 2023-06-30 05902031 d:CurrentFinancialInstruments 2022-06-30 05902031 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05902031 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 05902031 d:ShareCapital 2023-06-30 05902031 d:ShareCapital 2022-06-30 05902031 d:RetainedEarningsAccumulatedLosses 2023-06-30 05902031 d:RetainedEarningsAccumulatedLosses 2022-06-30 05902031 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 05902031 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-06-30 05902031 c:EntityNoLongerTradingButTradedInPast 2022-07-01 2023-06-30 05902031 c:FRS102 2022-07-01 2023-06-30 05902031 c:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 05902031 c:FullAccounts 2022-07-01 2023-06-30 05902031 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 05902031 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number:  05902031














VIP MOLLINGTON LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


 
VIP MOLLINGTON LIMITED
REGISTERED NUMBER: 05902031

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
150,000
150,000

Cash at bank and in hand
 4 
-
1,143

  
150,000
151,143

Creditors: amounts falling due within one year
 5 
(78,841)
(79,396)

Net current assets
  
 
 
71,159
 
 
71,747

Total assets less current liabilities
  
71,159
71,747

  

Net assets
  
71,159
71,747


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
71,059
71,647

  
71,159
71,747


For the year ended 30 June 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 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 on 11 March 2024.



G J White
Director

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

Page 1

 
VIP MOLLINGTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

The company is a limited liability company incorporated in the United Kingdom and its registered address is C/O Langtons, 11th Floor, The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

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.

 
2.3

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.

Page 2

 
VIP MOLLINGTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

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.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 3

 
VIP MOLLINGTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


Debtors

2023
2022
£
£


Other debtors
150,000
150,000

150,000
150,000



4.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
1,143

-
1,143



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
78,236
78,791

Accruals and deferred income
605
605

78,841
79,396



6.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
-
1,143




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 4

 
VIP MOLLINGTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Related party transactions

G J White Junior, a director, operates a current account with the company to which all transactions of a
private nature are charged. Included in other creditors as at 30th June 2023 is £19,516 (
2022: £19,981) owing to G J White Junior.
G White, a director, operates a current account with the company to which all transactions of a private
nature are charged. Included in other creditors as at 30th June 2023 is £38,672 (
2022: £38,672) owing to G White.
C A Pennington, a director, operates a current account with the company to which all transactions of a private nature are charged. Included in other creditors as at 30th June 2023 is £19,460 (
2022: £19,460) owing to C A Pennington.

 
Page 5