Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31trueNo description of principal activity3falsefalse32022-11-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 4928406 2022-11-01 2023-10-31 4928406 2021-11-01 2022-10-31 4928406 2023-10-31 4928406 2022-10-31 4928406 c:Director2 2022-11-01 2023-10-31 4928406 d:FurnitureFittings 2022-11-01 2023-10-31 4928406 d:FurnitureFittings 2023-10-31 4928406 d:FurnitureFittings 2022-10-31 4928406 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 4928406 d:CurrentFinancialInstruments 2023-10-31 4928406 d:CurrentFinancialInstruments 2022-10-31 4928406 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 4928406 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 4928406 d:ShareCapital 2023-10-31 4928406 d:ShareCapital 2022-10-31 4928406 d:RetainedEarningsAccumulatedLosses 2023-10-31 4928406 d:RetainedEarningsAccumulatedLosses 2022-10-31 4928406 c:EntityNoLongerTradingButTradedInPast 2022-11-01 2023-10-31 4928406 c:FRS102 2022-11-01 2023-10-31 4928406 c:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 4928406 c:FullAccounts 2022-11-01 2023-10-31 4928406 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 4928406 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 4928406










IF-UNTITLED LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
IF-UNTITLED LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF IF-UNTITLED LIMITED
FOR THE YEAR ENDED 31 OCTOBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of If-Untitled Limited for the year ended 31 October 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of If-Untitled Limited, as a body, in accordance with the terms of our engagement letter dated 09/07/2014Our work has been undertaken solely to prepare for your approval the financial statements of If-Untitled Limited and state those matters that we have agreed to state to the Board of directors of If-Untitled Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than If-Untitled Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that If-Untitled Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of If-Untitled Limited. You consider that If-Untitled Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of If-Untitled Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MWS
 
Chartered Accountants
  
Kingsridge House
601 London Road
Westcliff-on-Sea
Essex
SS0 9PE
30 July 2024
Page 1

 
IF-UNTITLED LIMITED
REGISTERED NUMBER: 4928406

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
118

  
-
118

Current assets
  

Cash at bank and in hand
 5 
399
399

  
399
399

Creditors: amounts falling due within one year
 6 
(4,316)
(3,816)

Net current liabilities
  
 
 
(3,917)
 
 
(3,417)

Total assets less current liabilities
  
(3,917)
(3,299)

Provisions for liabilities
  

Deferred tax
  
-
(24)

  
 
 
-
 
 
(24)

Net liabilities
  
(3,917)
(3,323)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(4,917)
(4,323)

  
(3,917)
(3,323)


Page 2

 
IF-UNTITLED LIMITED
REGISTERED NUMBER: 4928406

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 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 on 30 July 2024.




A. Grafweg
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
IF-UNTITLED LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

If-Untitled Limited is a private company limited by shares and incorporated in England. Its registered office is 601 London Road, Westcliff-On-Sea, Essex, SS0 9PE.

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 company had a deficit on shareholders' funds at 31st October 2023 of £3,917. However, the directors intend to wind up the company after the year end and therefore the company is not a going concern and the accounts have been prepared other than in accordance with going concern, on a break up basis.

 
2.3

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.

 
2.4

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.

Page 4

 
IF-UNTITLED LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% reducing balance

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.


3.


Employees




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

Page 5

 
IF-UNTITLED LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£





At 1 November 2022
7,306


Disposals
(7,306)



At 31 October 2023

-





At 1 November 2022
7,188


Charge for the year on financed assets
(7,188)



At 31 October 2023

-



Net book value



At 31 October 2023
-



At 31 October 2022
118

Page 6

 
IF-UNTITLED LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
399
399

399
399



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
3,186
3,186

Accruals and deferred income
1,130
630

4,316
3,816



Page 7