Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false3011No description of principal activityfalse2023-01-01truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08704608 2023-01-01 2023-12-31 08704608 2022-01-01 2022-12-31 08704608 2023-12-31 08704608 2022-12-31 08704608 2022-01-01 08704608 c:Director2 2023-01-01 2023-12-31 08704608 d:FurnitureFittings 2023-01-01 2023-12-31 08704608 d:FurnitureFittings 2023-12-31 08704608 d:FurnitureFittings 2022-12-31 08704608 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08704608 d:OfficeEquipment 2023-01-01 2023-12-31 08704608 d:OfficeEquipment 2023-12-31 08704608 d:OfficeEquipment 2022-12-31 08704608 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08704608 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08704608 d:CurrentFinancialInstruments 2023-12-31 08704608 d:CurrentFinancialInstruments 2022-12-31 08704608 d:Non-currentFinancialInstruments 2023-12-31 08704608 d:Non-currentFinancialInstruments 2022-12-31 08704608 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08704608 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08704608 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08704608 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 08704608 d:ShareCapital 2023-01-01 2023-12-31 08704608 d:ShareCapital 2023-12-31 08704608 d:ShareCapital 2022-01-01 2022-12-31 08704608 d:ShareCapital 2022-12-31 08704608 d:ShareCapital 2022-01-01 08704608 d:SharePremium 2023-01-01 2023-12-31 08704608 d:SharePremium 2023-12-31 08704608 d:SharePremium 2022-01-01 2022-12-31 08704608 d:SharePremium 2022-12-31 08704608 d:SharePremium 2022-01-01 08704608 d:CapitalRedemptionReserve 2023-01-01 2023-12-31 08704608 d:CapitalRedemptionReserve 2023-12-31 08704608 d:CapitalRedemptionReserve 2022-01-01 2022-12-31 08704608 d:CapitalRedemptionReserve 2022-12-31 08704608 d:CapitalRedemptionReserve 2022-01-01 08704608 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 08704608 d:RetainedEarningsAccumulatedLosses 2023-12-31 08704608 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 08704608 d:RetainedEarningsAccumulatedLosses 2022-12-31 08704608 d:RetainedEarningsAccumulatedLosses 2022-01-01 08704608 c:OrdinaryShareClass1 2023-01-01 2023-12-31 08704608 c:OrdinaryShareClass1 2023-12-31 08704608 c:OrdinaryShareClass1 2022-12-31 08704608 c:OrdinaryShareClass2 2023-01-01 2023-12-31 08704608 c:OrdinaryShareClass2 2022-12-31 08704608 c:FRS102 2023-01-01 2023-12-31 08704608 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08704608 c:FullAccounts 2023-01-01 2023-12-31 08704608 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08704608 d:ComputerSoftware 2023-12-31 08704608 d:ComputerSoftware 2022-12-31 08704608 6 2023-01-01 2023-12-31 08704608 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 08704608 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08704608










360 LEADERS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
360 LEADERS LIMITED
REGISTERED NUMBER: 08704608

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
16,592
26,366

Tangible assets
 5 
4,782
13,102

Investments
 6 
14,786
19,392

  
36,160
58,860

Current assets
  

Debtors
 7 
278,860
561,014

Cash at bank and in hand
 8 
47,995
292,106

  
326,855
853,120

Creditors: amounts falling due within one year
 9 
(149,159)
(211,363)

Net current assets
  
 
 
177,696
 
 
641,757

Total assets less current liabilities
  
213,856
700,617

Creditors: amounts falling due after more than one year
 10 
-
(327,755)

  

Net assets
  
213,856
372,862


Capital and reserves
  

Called up share capital 
 11 
90
120

Share premium account
  
38,497
38,497

Capital redemption reserve
  
30
-

Profit and loss account
  
175,239
334,245

  
213,856
372,862


Page 1

 
360 LEADERS LIMITED
REGISTERED NUMBER: 08704608
    
BALANCE SHEET (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 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 by: 




B Markland
Director

Date: 30 July 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
360 LEADERS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


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

£
£
£
£
£


At 1 January 2022
100
38,497
-
631,821
670,418


Comprehensive income for the year

Loss for the year
-
-
-
(297,576)
(297,576)
Total comprehensive income for the year
-
-
-
(297,576)
(297,576)


Contributions by and distributions to owners

Shares issued during the year
20
-
-
-
20


Total transactions with owners
20
-
-
-
20



At 1 January 2023
120
38,497
-
334,245
372,862


Comprehensive income for the year

Loss for the year
-
-
-
(107,652)
(107,652)


Other comprehensive income for the year
-
-
-
-
-


Total comprehensive income for the year
-
-
-
(107,652)
(107,652)


Contributions by and distributions to owners

Purchase of own shares
-
-
30
(51,354)
(51,324)

Shares redeemed during the year
(30)
-
-
-
(30)


Total transactions with owners
(30)
-
30
(51,354)
(51,354)


At 31 December 2023
90
38,497
30
175,239
213,856


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
360 LEADERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

360 Leaders Limited is a private company limited by shares. The company is incorporated in England and Wales and its registered office is Aston House, Cornwall Avenue, London, N3 1LF. 

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

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.

 
2.3

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.

Page 4

 
360 LEADERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

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.

 
2.7

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 & fittings
-
Over 3-4 years
Office equipment
-
Over 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.

Page 5

 
360 LEADERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2022 - 30).

Page 6

 
360 LEADERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Computer software

£



Cost


At 1 January 2023
29,404



At 31 December 2023

29,404



Amortisation


At 1 January 2023
3,038


Charge for the year on owned assets
9,774



At 31 December 2023

12,812



Net book value



At 31 December 2023
16,592



At 31 December 2022
26,366



Page 7

 
360 LEADERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
2,458
32,732
35,190


Additions
-
1,089
1,089


Disposals
-
(10,509)
(10,509)



At 31 December 2023

2,458
23,312
25,770



Depreciation


At 1 January 2023
2,231
19,857
22,088


Charge for the year on owned assets
117
5,315
5,432


Disposals
-
(6,532)
(6,532)



At 31 December 2023

2,348
18,640
20,988



Net book value



At 31 December 2023
110
4,672
4,782



At 31 December 2022
227
12,875
13,102


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
19,392


Disposals
(4,606)



At 31 December 2023
14,786




During the period under review, the company disposed of 360 Leaders AB, a wholly owned subidiary, incorporated in Sweden.

Page 8

 
360 LEADERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors


2023
2022
£
£

Due after more than one year

Other debtors
-
38,000

Due within one year

Trade debtors
69,947
390,473

Other debtors
208,913
132,541

278,860
561,014



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
47,995
292,106



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
7,039
4,334

Other taxation and social security
62,020
80,284

Other creditors
28,491
24,715

Accruals and deferred income
51,609
102,030

149,159
211,363



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
-
327,755


Page 9

 
360 LEADERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



9,000,000 (2022 - 10,000,000) Ordinary A shares of £0.00001 each
90
100
0 (2022 - 2,000,000) Ordinary C shares of £0.00001 each
-
20

90

120

During the period under review, the company bought back 1m Ordinary A shares at a premium and 2m Ordinary C shares at cost.



12.


Pension commitments

The company operat es a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £17,835 (2022: £57,564).

Page 10