Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01false0No description of principal activity0falsetrue 11902418 2023-01-01 2023-12-31 11902418 2022-01-01 2022-12-31 11902418 2023-12-31 11902418 2022-12-31 11902418 c:Director4 2023-01-01 2023-12-31 11902418 d:ComputerSoftware 2023-12-31 11902418 d:ComputerSoftware 2022-12-31 11902418 d:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 11902418 d:CurrentFinancialInstruments 2023-12-31 11902418 d:CurrentFinancialInstruments 2022-12-31 11902418 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11902418 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11902418 d:ShareCapital 2023-12-31 11902418 d:ShareCapital 2022-12-31 11902418 d:SharePremium 2023-12-31 11902418 d:SharePremium 2022-12-31 11902418 d:CapitalRedemptionReserve 2023-12-31 11902418 d:CapitalRedemptionReserve 2022-12-31 11902418 d:RetainedEarningsAccumulatedLosses 2023-12-31 11902418 d:RetainedEarningsAccumulatedLosses 2022-12-31 11902418 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11902418 c:OrdinaryShareClass1 2023-12-31 11902418 c:OrdinaryShareClass1 2022-12-31 11902418 c:FRS102 2023-01-01 2023-12-31 11902418 c:Audited 2023-01-01 2023-12-31 11902418 c:FullAccounts 2023-01-01 2023-12-31 11902418 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11902418 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11902418 6 2023-01-01 2023-12-31 11902418 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 11902418 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11902418










ALTIDO LTD










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ALTIDO LTD
REGISTERED NUMBER: 11902418

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
13,000
25,000

Investments
 5 
1,780,184
1,261,009

  
1,793,184
1,286,009

Current assets
  

Debtors: amounts falling due within one year
 6 
148,339
150,802

Cash at bank and in hand
 7 
7,783
1,617

  
156,122
152,419

Creditors: amounts falling due within one year
 8 
(579,545)
(68,667)

Net current (liabilities)/assets
  
 
 
(423,423)
 
 
83,752

Total assets less current liabilities
  
1,369,761
1,369,761

  

Net assets
  
1,369,761
1,369,761


Capital and reserves
  

Called up share capital 
 9 
100,000
100,000

Share premium account
  
1,409,525
1,409,525

Capital redemption reserve
  
475
475

Profit and loss account
  
(140,239)
(140,239)

  
1,369,761
1,369,761


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 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 25 March 2024.




W. Parry
Director

Page 1

 
ALTIDO LTD
REGISTERED NUMBER: 11902418
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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

Page 2

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

1.


General information

Altido Limited is a private company limited by shares incorporated in England and Wales. The registered office is 26 Astwood Mews, London, United Kingdom ,SW7 4DE.
The principal activity of the company continued to be that of a holding 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.

 
2.2

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.

 The estimated useful lives range as follows:

Software
-
5
years

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

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.

Page 3

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

3.


Employees




The Company has no employees other than the Directors, who did not receive any remuneration (2022: £NIL).


4.


Intangible assets



Computer software

£



Cost


At 1 January 2023
60,000



At 31 December 2023

60,000



Amortisation


At 1 January 2023
35,000


Charge for the year on owned assets
12,000



At 31 December 2023

47,000



Net book value



At 31 December 2023
13,000



Page 4

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

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1,261,009


Additions
519,175



At 31 December 2023
1,780,184




The breakdown of new investments in subsidiary companies in the year is as follows:
Altido Portugal £215,729
Altido Italy £303,446


6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
83,601
79,601

Other debtors
-
26,384

Prepayments and accrued income
64,738
43,907

Tax recoverable
-
910

148,339
150,802



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
7,783
1,617


Page 5

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

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
16,008
37,296

Amounts owed to group undertakings
562,914
26,296

Corporation tax
147
147

Other taxation and social security
476
2,528

Accruals and deferred income
-
2,400

579,545
68,667



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100,000 (2022: 100,000) Ordinary shares of £1.00 each
100,000
100,000



10.


Related party transactions

As a wholly owned subsidary undertaking of DoveVivo Limited, the company has taken advantage of the exemption in Financial Reporting Standard 102 Section 33 'Related party disclosures' in not disclosing intra group transactions between two or more members of the group. 


11.


Controlling party

On 28 January 2022 DoveVivo S.p.A (rebranded as Joivy in November 2023) acquired the existing shares from the shareholders in the company. Joivy therefore have a 100% shareholding in the company  


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 10 April 2024 by Mark Munro (FCA) (Senior Statutory Auditor) on behalf of Bishop Fleming LLP.

 
Page 6