Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-318trueNo description of principal activity2022-03-22false0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13994406 2022-03-21 13994406 2022-03-22 2023-03-31 13994406 2021-03-22 2022-03-21 13994406 2023-03-31 13994406 c:Director3 2022-03-22 2023-03-31 13994406 d:PlantMachinery 2022-03-22 2023-03-31 13994406 d:PlantMachinery 2023-03-31 13994406 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-22 2023-03-31 13994406 d:CurrentFinancialInstruments 2023-03-31 13994406 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13994406 d:ShareCapital 2023-03-31 13994406 d:RetainedEarningsAccumulatedLosses 2023-03-31 13994406 c:OrdinaryShareClass1 2022-03-22 2023-03-31 13994406 c:OrdinaryShareClass1 2023-03-31 13994406 c:FRS102 2022-03-22 2023-03-31 13994406 c:AuditExempt-NoAccountantsReport 2022-03-22 2023-03-31 13994406 c:FullAccounts 2022-03-22 2023-03-31 13994406 c:PrivateLimitedCompanyLtd 2022-03-22 2023-03-31 13994406 2 2022-03-22 2023-03-31 13994406 6 2022-03-22 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13994406









PORT ACHIA LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
PORT ACHIA LTD
REGISTERED NUMBER: 13994406

BALANCE SHEET
AS AT 31 MARCH 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
4,065

Investments
  
447,628

  
451,693

Current assets
  

Debtors: amounts falling due within one year
 6 
4,273,861

Cash at bank and in hand
 7 
112,610

  
4,386,471

Creditors: amounts falling due within one year
 8 
(4,866,855)

Net current (liabilities)/assets
  
 
 
(480,384)

Total assets less current liabilities
  
(28,691)

  

Net (liabilities)/assets
  
(28,691)


Capital and reserves
  

Called up share capital 
  
2

Profit and loss account
  
(28,693)

  
(28,691)


Page 1

 
PORT ACHIA LTD
REGISTERED NUMBER: 13994406
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 period 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 by: 




Helen Scott-Allen
Director

Date: 12 March 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PORT ACHIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Port Achia Ltd, 13994406,  is a private limited company limited by shares, incoporated in England and Wales, with its registered office and principal place of business at 20-22 Wenlock Road, London, England, N1 7GU.

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

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

 
PORT ACHIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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 Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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 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.

Page 4

 
PORT ACHIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 8.


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


Additions
4,639



At 31 March 2023

4,639



Depreciation


Charge for the period on owned assets
574



At 31 March 2023

574



Net book value



At 31 March 2023
4,065

Page 5

 
PORT ACHIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
447,628



At 31 March 2023
447,628





6.


Debtors

2023
£


Trade debtors
1,667,469

Amounts owed by group undertakings
2,602,422

Other debtors
3,970

4,273,861



7.


Cash and cash equivalents

2023
£

Cash at bank and in hand
112,610

112,610


Page 6

 
PORT ACHIA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
790

Amounts owed to group undertakings
4,778,971

Other taxation and social security
5,598

Accruals and deferred income
81,496

4,866,855



9.


Share capital

2023
£
Allotted, called up and fully paid


2 Ordinary shares of £1.00 each
2


On incorporation, 1 £1 Ordinary share was allotted, called up and fully paid. On 5 May 2022, another 1 £1 Ordinary share was allotted, called up and fully paid.

Page 7