Caseware UK (AP4) 2023.0.135 2023.0.135 false2022-08-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03613664 2022-08-01 2023-07-31 03613664 2021-08-01 2022-07-31 03613664 2023-07-31 03613664 2022-07-31 03613664 2021-08-01 03613664 c:Director1 2022-08-01 2023-07-31 03613664 d:FurnitureFittings 2022-08-01 2023-07-31 03613664 d:FurnitureFittings 2023-07-31 03613664 d:FurnitureFittings 2022-07-31 03613664 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03613664 d:CurrentFinancialInstruments 2023-07-31 03613664 d:CurrentFinancialInstruments 2022-07-31 03613664 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 03613664 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 03613664 d:ShareCapital 2023-07-31 03613664 d:ShareCapital 2022-07-31 03613664 d:ShareCapital 2021-08-01 03613664 d:CapitalRedemptionReserve 2023-07-31 03613664 d:CapitalRedemptionReserve 2022-07-31 03613664 d:CapitalRedemptionReserve 2021-08-01 03613664 d:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 03613664 d:RetainedEarningsAccumulatedLosses 2023-07-31 03613664 d:RetainedEarningsAccumulatedLosses 2021-08-01 2022-07-31 03613664 d:RetainedEarningsAccumulatedLosses 2022-07-31 03613664 d:RetainedEarningsAccumulatedLosses 2021-08-01 03613664 c:OrdinaryShareClass1 2022-08-01 2023-07-31 03613664 c:OrdinaryShareClass1 2023-07-31 03613664 c:OrdinaryShareClass1 2022-07-31 03613664 c:FRS102 2022-08-01 2023-07-31 03613664 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 03613664 c:FullAccounts 2022-08-01 2023-07-31 03613664 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 03613664 2 2022-08-01 2023-07-31 03613664 e:PoundSterling 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03613664










Cultiva Europe Ltd








Unaudited

Financial statements

Information for filing with the registrar

for the year ended 31 July 2023

 
Cultiva Europe Ltd
Registered number: 03613664

Balance Sheet
as at 31 July 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
531
33

Current assets
  

Debtors: amounts falling due within one year
 5 
65,994
65,634

Cash at bank and in hand
  
42,138
126,710

  
108,132
192,344

Creditors: amounts falling due within one year
 6 
(4,998)
(5,180)

Net current assets
  
 
 
103,134
 
 
187,164

  

Net assets
  
103,665
187,197


Capital and reserves
  

Called up share capital 
 7 
80
80

Capital redemption reserve
  
20
20

Profit and loss account
  
103,565
187,097

  
103,665
187,197


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 by: 




Giancarlo Boscolo Sesillo
Director
Date: 16 April 2024

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

Page 1

 
Cultiva Europe Ltd
 

Statement of Changes in Equity
for the year ended 31 July 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 August 2021
80
20
263,949
264,049


Comprehensive income for the year

Loss for the year
-
-
(76,852)
(76,852)



At 1 August 2022
80
20
187,097
187,197


Comprehensive income for the year

Loss for the year
-
-
(83,532)
(83,532)


At 31 July 2023
80
20
103,565
103,665


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

Page 2

 
Cultiva Europe Ltd
 

 
Notes to the Financial Statements
for the year ended 31 July 2023

1.


General information

Cultiva Europe Limited is a private company limited by shares and is incorporated in England and Wales with the registration number 03613664.  The address of the registered office is Montague Place, Quayside Chatham Maritime, Chatham, Kent, ME4 4QU..

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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis due to the continuing financial support provided by its shareholders.

 
2.3

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.

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:

Fixtures and fittings
-
3 years

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.

 
2.4

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.

Page 3

 
Cultiva Europe Ltd
 

 
Notes to the Financial Statements
for the year ended 31 July 2023

2.Accounting policies (continued)

 
2.5

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.

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.

 
2.6

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 4

 
Cultiva Europe Ltd
 

 
Notes to the Financial Statements
for the year ended 31 July 2023

2.Accounting policies (continued)

 
2.7

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 balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Interest income

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


3.


Employees




The average monthly number of employees during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 August 2022
4,966


Additions
796


Disposals
(4,966)



At 31 July 2023

796



Depreciation


At 1 August 2022
4,933


Charge for the year on owned assets
265


Disposals
(4,933)



At 31 July 2023

265



Net book value



At 31 July 2023
531



At 31 July 2022
33

Page 5

 
Cultiva Europe Ltd
 

 
Notes to the Financial Statements
for the year ended 31 July 2023

5.


Debtors

2023
2022
£
£


Trade debtors
60,008
58,792

Other debtors
5,853
5,447

Prepayments and accrued income
133
1,395

65,994
65,634



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
298
680

Accruals and deferred income
4,700
4,500

4,998
5,180



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



80 (2022 - 80) Ordinary shares of £1.00 each
80
80



Page 6