Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue2022-11-0123falsefalse 09286159 2022-11-01 2023-10-31 09286159 2021-11-01 2022-10-31 09286159 2023-10-31 09286159 2022-10-31 09286159 c:Director2 2022-11-01 2023-10-31 09286159 d:ComputerSoftware 2023-10-31 09286159 d:ComputerSoftware 2022-10-31 09286159 d:CurrentFinancialInstruments 2023-10-31 09286159 d:CurrentFinancialInstruments 2022-10-31 09286159 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09286159 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09286159 d:ShareCapital 2023-10-31 09286159 d:ShareCapital 2022-10-31 09286159 d:RetainedEarningsAccumulatedLosses 2023-10-31 09286159 d:RetainedEarningsAccumulatedLosses 2022-10-31 09286159 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 09286159 d:AcceleratedTaxDepreciationDeferredTax 2022-10-31 09286159 c:OrdinaryShareClass1 2022-11-01 2023-10-31 09286159 c:OrdinaryShareClass1 2023-10-31 09286159 c:OrdinaryShareClass1 2022-10-31 09286159 c:FRS102 2022-11-01 2023-10-31 09286159 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09286159 c:FullAccounts 2022-11-01 2023-10-31 09286159 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09286159 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-11-01 2023-10-31 09286159 d:ComputerSoftware d:OwnedIntangibleAssets 2022-11-01 2023-10-31 09286159 e:PoundSterling 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09286159














EUROPEAN SANCTIONS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
EUROPEAN SANCTIONS LIMITED
REGISTERED NUMBER:09286159

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
  
3,719
-

  
3,719
-

Current assets
  

Debtors: amounts falling due within one year
 5 
701
2

Cash at bank and in hand
 6 
40,737
-

  
41,438
2

Creditors: amounts falling due within one year
 7 
(61,247)
-

Net current (liabilities)/assets
  
 
 
(19,809)
 
 
2

Total assets less current liabilities
  
(16,090)
2

Provisions for liabilities
  

Deferred tax
  
(930)
-

  
 
 
(930)
 
 
-

Net (liabilities)/assets
  
(17,020)
2


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(17,022)
-

  
(17,020)
2


1

 
EUROPEAN SANCTIONS LIMITED
REGISTERED NUMBER:09286159
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 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 on 29 July 2024.




Michael O'Kane
Director

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

2

 
EUROPEAN SANCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

European Sanctions Limited is a private company, limited by shares and is registered in England and Wales, registration number 09286159.

The address of its registered office is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the business is to provide information on global sanctions to professional firms.
 

The company commenced trading on 1 June 2023. 

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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis as the directors have
confirmed they will continue to provide necessary funding in order for the company to maintain
operations and meet liabilites in full for at least the next 12 months. On this basis, the directors
are satisfied that the financial statements should be prepared on a ongoing basis.

 
2.3

Revenue

Revenue comprises of turnover recognised by the company in respect of annual subscriptions. The subscription income is apportioned to the year they relate to.

 
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.

3

 
EUROPEAN SANCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
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

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short-term creditors are measured at the transaction price.

4

 
EUROPEAN SANCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).


4.


Intangible assets




Website development

£



Cost


Additions
3,750



At 31 October 2023

3,750



Amortisation


Charge for the year on owned assets
31



At 31 October 2023

31



Net book value



At 31 October 2023
3,719



At 31 October 2022
-



5

 
EUROPEAN SANCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
701
-

Called up share capital not paid
-
2

701
2



6.


Cash

2023
2022
£
£

Cash at bank and in hand
40,737
-

40,737
-



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
3,664
-

Other creditors
13,209
-

Accruals and deferred income
44,374
-

61,247
-



8.


Deferred taxation




2023


£






Charged to profit or loss
930



At end of year
930

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
930
-

930
-

6

 
EUROPEAN SANCTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

9.


Share capital

2023
2022
£
£
Allotted and called up 



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



10.


Pension commitments

The company operates 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 £550 (2022 - £Nil) . Contributions totalling £204 (2022 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

At the balance sheet date, the company owed the directors £9,998 (2022 - £Nil). These loans are interest free and repayable on demand. 
The company owed £3,008 to an LLP, in which one of the directors is a designated member. 

 
7