Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseNo description of principal activity2023-01-0122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12863994 2023-01-01 2023-12-31 12863994 2022-01-01 2022-12-31 12863994 2023-12-31 12863994 2022-12-31 12863994 c:Director1 2023-01-01 2023-12-31 12863994 d:Goodwill 2023-01-01 2023-12-31 12863994 d:Goodwill 2023-12-31 12863994 d:Goodwill 2022-12-31 12863994 d:CurrentFinancialInstruments 2023-12-31 12863994 d:CurrentFinancialInstruments 2022-12-31 12863994 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12863994 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12863994 d:ShareCapital 2023-12-31 12863994 d:ShareCapital 2022-12-31 12863994 d:RetainedEarningsAccumulatedLosses 2023-12-31 12863994 d:RetainedEarningsAccumulatedLosses 2022-12-31 12863994 c:FRS102 2023-01-01 2023-12-31 12863994 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12863994 c:FullAccounts 2023-01-01 2023-12-31 12863994 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12863994 2 2023-01-01 2023-12-31 12863994 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12863994









ZIMA INVESTMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ZIMA INVESTMENT LTD
REGISTERED NUMBER: 12863994

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
821
821

  
821
821

Current assets
  

Debtors: amounts falling due within one year
 5 
2,685,361
682,285

Current asset investments
 6 
733,618
1,916,263

Cash at bank and in hand
 7 
165,741
58,658

  
3,584,720
2,657,206

Creditors: amounts falling due within one year
 8 
(3,389,964)
(2,535,923)

Net current assets
  
 
 
194,756
 
 
121,283

Total assets less current liabilities
  
195,577
122,104

  

Net assets
  
195,577
122,104


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
195,575
122,102

  
195,577
122,104

Page 1

 
ZIMA INVESTMENT LTD
REGISTERED NUMBER: 12863994
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 




I Galkin
Director

Date: 26 July 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
ZIMA INVESTMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Zima Investment Limited is a private company limited by shares and incorporated in England & Wales (registered number 12863994). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH
The financial statements are presented in Sterling, which is the functional currency of the 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
ZIMA INVESTMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Interest income

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

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

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 4

 
ZIMA INVESTMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
821



At 31 December 2023

821






Net book value



At 31 December 2023
821



At 31 December 2022
821




5.


Debtors

Page 5

 
ZIMA INVESTMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
£
£


Amounts owed by group undertakings
2,463,503
445,631

Other debtors
191,858
236,654

Prepayments and accrued income
30,000
-

2,685,361
682,285



6.


Current asset investments

2023
2022
£
£

Investments
733,618
1,916,263

733,618
1,916,263



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
165,741
58,658

165,741
58,658



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
3,386,964
2,533,923

Accruals and deferred income
3,000
2,000

3,389,964
2,535,923


 
Page 6