Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2No description of principal activityfalse2022-08-09false0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14285633 2022-08-08 14285633 2022-08-09 2023-12-31 14285633 2021-08-09 2022-08-08 14285633 2023-12-31 14285633 c:Director1 2022-08-09 2023-12-31 14285633 d:ComputerEquipment 2022-08-09 2023-12-31 14285633 d:ComputerEquipment 2023-12-31 14285633 d:ComputerEquipment 2022-08-08 14285633 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-09 2023-12-31 14285633 d:CurrentFinancialInstruments 2023-12-31 14285633 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14285633 d:ShareCapital 2023-12-31 14285633 d:RetainedEarningsAccumulatedLosses 2023-12-31 14285633 c:OrdinaryShareClass1 2022-08-09 2023-12-31 14285633 c:OrdinaryShareClass1 2023-12-31 14285633 c:OrdinaryShareClass2 2022-08-09 2023-12-31 14285633 c:OrdinaryShareClass2 2023-12-31 14285633 c:FRS102 2022-08-09 2023-12-31 14285633 c:AuditExempt-NoAccountantsReport 2022-08-09 2023-12-31 14285633 c:FullAccounts 2022-08-09 2023-12-31 14285633 c:PrivateLimitedCompanyLtd 2022-08-09 2023-12-31 14285633 e:PoundSterling 2022-08-09 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14285633










THE 5TH WALL LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
THE 5TH WALL LIMITED
REGISTERED NUMBER: 14285633

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

Period ended 31 December 2023
Note
£

Fixed assets
  

Tangible assets
 4 
1,044

  
1,044

Current assets
  

Debtors: amounts falling due within one year
 5 
8,176

Cash at bank and in hand
  
1,409

  
9,585

Creditors: amounts falling due within one year
 6 
(93,521)

Net current (liabilities)/assets
  
 
 
(83,936)

Total assets less current liabilities
  
(82,892)

  

Net (liabilities)/assets
  
(82,892)


Capital and reserves
  

Called up share capital 
 7 
110

Profit and loss account
  
(83,002)

  
(82,892)


Page 1

 
THE 5TH WALL LIMITED
REGISTERED NUMBER: 14285633
    
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 period 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 on 5 August 2024.


................................................
F N E Matthews
Director

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

Page 2

 
THE 5TH WALL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

The 5th Wall Limited is a private company, limited by shares, and incorporated in England and Wales. The Company's registered number is 14285633 and registered office address is Fourth Floor, 43 Whitfield Street, London, England, W1T 4HD.
The principal activity of the Company is that of an advertising agency.

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 on the basis of continued backing from the directors and shareholders to provide financial support to enable the company to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements.

 
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.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Page 3

 
THE 5TH WALL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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:

Computer equipment
-
3 years straight line

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.

 
2.7

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.

Page 4

 
THE 5TH WALL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees

Period ended
31 December
2023
£

Wages and salaries
163,518

Social security costs
19,947

Cost of defined contribution scheme
2,635

186,100


The average monthly number of employees, including directors, during the period was 2.


4.


Tangible fixed assets





Computer equipment

£



Cost


At 9 August 2022
-


Additions
1,566



At 31 December 2023

1,566


At 9 August 2022
-


Charge for the period
522



At 31 December 2023

522



Net book value



At 31 December 2023
1,044

Page 5

 
THE 5TH WALL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Debtors

31 December 2023
£

Trade debtors
3,600

Amounts owed by group undertakings
4,565

Other debtors
11

8,176



6.


Creditors: amounts falling due within one year

31 December 2023
£

Amounts owed to group undertakings
86,185

Other taxation and social security
3,836

Accruals
3,500

93,521



7.


Share capital

2023
£
Allotted, called up and fully paid


1,000,000 Ordinary shares of £0.0001 each
100
100,000 A Ordinary shares of £0.0001 each
10

110


During the year, the company issued 100,000 A Ordinary shares at par value of £0.0001 per share and 1,000,000 Ordinary shares at par value of £0.0001.


8.


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 £2,635. £nil contributions were payable to the fund at the reporting date.

Page 6

 
THE 5TH WALL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

9.


Controlling party

The Company's controlling party is Sine Group Limited, a company incorporated in England and Wales. The company's registered office address is Fourth Floor, 43 Whitfield Street, London, United Kingdom, W1T 4HD.

 
Page 7