Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30falseThe creation of digital assets8falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-06-27 14198634 2022-06-26 14198634 2022-06-27 2023-06-30 14198634 2021-07-01 2022-06-26 14198634 2023-06-30 14198634 c:Director1 2022-06-27 2023-06-30 14198634 d:MotorVehicles 2022-06-27 2023-06-30 14198634 d:MotorVehicles 2023-06-30 14198634 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-06-27 2023-06-30 14198634 d:ComputerEquipment 2022-06-27 2023-06-30 14198634 d:ComputerEquipment 2023-06-30 14198634 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-27 2023-06-30 14198634 d:OwnedOrFreeholdAssets 2022-06-27 2023-06-30 14198634 d:CurrentFinancialInstruments 2023-06-30 14198634 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 14198634 d:RetainedEarningsAccumulatedLosses 2023-06-30 14198634 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 14198634 c:FRS102 2022-06-27 2023-06-30 14198634 c:AuditExempt-NoAccountantsReport 2022-06-27 2023-06-30 14198634 c:FullAccounts 2022-06-27 2023-06-30 14198634 c:PrivateLimitedCompanyLtd 2022-06-27 2023-06-30 14198634 e:PoundSterling 2022-06-27 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 14198634









SUPERDUPER3 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2023

 
SUPERDUPER3 LTD
REGISTERED NUMBER: 14198634

BALANCE SHEET
AS AT 30 JUNE 2023

2023
Note
£

Fixed assets
  

Tangible assets
  
13,306

  
13,306

Current assets
  

Debtors: amounts falling due within one year
 6 
600,714

Cash at bank and in hand
 7 
52,222

  
652,936

Creditors: amounts falling due within one year
 8 
(3,012,936)

Net current (liabilities)/assets
  
 
 
(2,360,000)

Total assets less current liabilities
  
(2,346,694)

Provisions for liabilities
  

Deferred tax
  
(3,327)

  
 
 
(3,327)

Net (liabilities)/assets
  
(2,350,021)


Capital and reserves
  

Profit and loss account
  
(2,350,021)

  
(2,350,021)


Page 1

 
SUPERDUPER3 LTD
REGISTERED NUMBER: 14198634
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 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 by: 




Mr J Carnell
Director

Date: 13 August 2024

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

Page 2

 
SUPERDUPER3 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

1.


General information

The company is a private company limited by shares incorporated in England and Wales. The address of
its registered office is: 20 Gracechurch Street, 11th Floor, London EC3V 9DH. The financial statements
are prepared in GBP ("£") which is the functional and presentational currency of the primary economic
environment in which the company operates.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

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.

Page 3

 
SUPERDUPER3 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the period 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.

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:

Motor vehicles
-
33%
Reducing balance
Computer equipment
-
33%
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.

Page 4

 
SUPERDUPER3 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 5

 
SUPERDUPER3 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only
that period, or in the period of the revision and future periods where the revision affects both current and
future periods.


4.


Employees

The average monthly number of employees, including directors, during the period was 8.


5.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


Additions
5,000
12,397
17,397



At 30 June 2023

5,000
12,397
17,397



Depreciation


Charge for the period on owned assets
-
4,091
4,091



At 30 June 2023

-
4,091
4,091



Net book value



At 30 June 2023
5,000
8,306
13,306


6.


Debtors

2023
£


Other debtors
600,714

600,714


Page 6

 
SUPERDUPER3 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

7.


Cash and cash equivalents

2023
£

Cash at bank and in hand
52,222

52,222



8.


Creditors: Amounts falling due within one year

2023
£

Other taxation and social security
30,059

Other creditors
2,967,877

Accruals and deferred income
15,000

3,012,936



9.


Deferred taxation



2023


£






Charged to profit or loss
(3,327)



At end of year
(3,327)

The deferred taxation balance is made up as follows:

2023
£


Accelerated capital allowances
(3,327)

(3,327)

 
Page 7