Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30falseholding company.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-07-0122true 12006927 2022-07-01 2023-06-30 12006927 2021-07-01 2022-06-30 12006927 2023-06-30 12006927 2022-06-30 12006927 c:Director1 2022-07-01 2023-06-30 12006927 d:CurrentFinancialInstruments 2023-06-30 12006927 d:CurrentFinancialInstruments 2022-06-30 12006927 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12006927 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12006927 d:ShareCapital 2023-06-30 12006927 d:ShareCapital 2022-06-30 12006927 d:SharePremium 2023-06-30 12006927 d:SharePremium 2022-06-30 12006927 d:RetainedEarningsAccumulatedLosses 2023-06-30 12006927 d:RetainedEarningsAccumulatedLosses 2022-06-30 12006927 c:OrdinaryShareClass1 2022-07-01 2023-06-30 12006927 c:OrdinaryShareClass1 2023-06-30 12006927 c:OrdinaryShareClass2 2022-07-01 2023-06-30 12006927 c:OrdinaryShareClass2 2023-06-30 12006927 c:FRS102 2022-07-01 2023-06-30 12006927 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12006927 c:FullAccounts 2022-07-01 2023-06-30 12006927 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12006927 6 2022-07-01 2023-06-30 12006927 d:EntityControlledByKeyManagementPersonnel1 2022-07-01 2023-06-30 12006927 d:EntityControlledByKeyManagementPersonnel1 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12006927









CSL SS ENTERPRISES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
CSL SS ENTERPRISES LIMITED
REGISTERED NUMBER: 12006927

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,230,985
1,230,985

Current assets
  

Cash at bank and in hand
 5 
10
10

Creditors: amounts falling due within one year
 6 
(5,360)
(217,644)

Net current liabilities
  
 
 
(5,350)
 
 
(217,634)

  

Net assets
  
1,225,635
1,013,351


Capital and reserves
  

Called up share capital 
 7 
20
20

Share premium account
  
723,290
723,290

Profit and loss account
  
502,325
290,041

  
1,225,635
1,013,351


Page 1

 
CSL SS ENTERPRISES LIMITED
REGISTERED NUMBER: 12006927
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 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 comprehensive income 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 12 March 2024.




M J Beckett
Director

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

Page 2

 
CSL SS ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

CSL SS Enterprises Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is The Sussex Barn, Peper Harow Park, Godalming, Surrey, United Kingdom, GU8 6BQ.
The company specialises in the activities of a holding company.

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 Company is a parent undertaking of a small group and as such it is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the Company as an individual undertaking and not about its group.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis, despite the balance sheet showing net current liabilities of £5,350 (2022 - £217,634). The directors have also taken consideration of the impact of inflationary pressures on the business and its group. The directors note that the company is trading adequately and has sufficient working capital and other finance available to continue trading for a period of not less than 12 months from the date these financial statements are approved and authorised for issue. As such, the directors believe that there are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

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.

 
2.6

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 3

 
CSL SS ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)


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.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an 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.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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

Page 4

 
CSL SS ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Fixed asset investments





Investment in subsidiary undertaking

£



Cost


At 1 July 2022
1,230,985



At 30 June 2023
1,230,985





5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
10
10

10
10



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
-
212,500

Other creditors
2,760
3,844

Accruals and deferred income
2,600
1,300

5,360
217,644


Page 5

 
CSL SS ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 A Ordinary shares of £0.01 each
10
10
1,000 B Ordinary shares of £0.01 each
10
10

20

20

The A Ordinary £0.01 shares and B Ordinary £0.01 shares are separate classes of shares for the purpose of declaring dividends but rank pari passu in all other respects.



8.


Related party transactions

The company has taken advantage of the exemption allowed by Financial Reporting Standard 102 not to disclose any transactions with other wholly owned members of the group.
 
Included within other creditors is an amount of £2,760 (2022 - £3,844) owed to companies with a common director.


9.


Controlling party

The directors have determined that the company is not under the control of any one person.

 
Page 6