Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-011true1false 05227746 2023-01-01 2023-12-31 05227746 2022-01-01 2022-12-31 05227746 2023-12-31 05227746 2022-12-31 05227746 c:Director1 2023-01-01 2023-12-31 05227746 d:CurrentFinancialInstruments 2023-12-31 05227746 d:CurrentFinancialInstruments 2022-12-31 05227746 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05227746 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05227746 d:ShareCapital 2023-12-31 05227746 d:ShareCapital 2022-12-31 05227746 d:CapitalRedemptionReserve 2023-12-31 05227746 d:CapitalRedemptionReserve 2022-12-31 05227746 d:RetainedEarningsAccumulatedLosses 2023-12-31 05227746 d:RetainedEarningsAccumulatedLosses 2022-12-31 05227746 c:OrdinaryShareClass1 2023-01-01 2023-12-31 05227746 c:OrdinaryShareClass1 2023-12-31 05227746 c:OrdinaryShareClass1 2022-12-31 05227746 c:OrdinaryShareClass2 2023-01-01 2023-12-31 05227746 c:OrdinaryShareClass2 2023-12-31 05227746 c:OrdinaryShareClass2 2022-12-31 05227746 c:FRS102 2023-01-01 2023-12-31 05227746 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05227746 c:FullAccounts 2023-01-01 2023-12-31 05227746 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05227746 d:Subsidiary1 2023-12-31 05227746 d:Subsidiary1 2023-01-01 2023-12-31 05227746 d:Subsidiary1 1 2023-01-01 2023-12-31 05227746 6 2023-01-01 2023-12-31 05227746 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05227746









NOTESHOP LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
NOTESHOP LIMITED
REGISTERED NUMBER: 05227746

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
955,771
955,771

Current assets
  

Debtors: amounts falling due within one year
 5 
2
2

Cash in hand
  
27
27

  
29
29

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(475,999)
(475,999)

Net current liabilities
  
 
 
(475,970)
 
 
(475,970)

  

Net assets
  
479,801
479,801


Capital and reserves
  

Called up share capital 
 7 
500
500

Capital redemption reserve
  
500
500

Profit and loss account
  
478,801
478,801

  
479,801
479,801


Page 1

 
NOTESHOP LIMITED
REGISTERED NUMBER: 05227746

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges his 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 by: 




Mr J T Wood
Director

Date: 21 August 2024

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

Page 2

 
NOTESHOP LIMITED
 

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

1.


General information

Noteshop Limited is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is Stirling House, Denny End Road, Waterbeach, Cambridge, CB25 9PB. This Company is part of a group.

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 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.

The following principal accounting policies have been applied:

 
2.2

Taxation

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 corporation 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.

 
2.3

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.

Page 3

 
NOTESHOP LIMITED
 

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

2.Accounting policies (continued)

 
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

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.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
 
Page 4

 
NOTESHOP LIMITED
 

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

2.Accounting policies (continued)


2.7
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
NOTESHOP LIMITED
 

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

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2023
955,771



At 31 December 2023
955,771





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Computer & Communications Co. Limited
   Stirling House, Denny End Road, Cambridgshire, CB25 9PB
Ordinary
100%

The carrying value of the investments and the aggregate of the share capital and reserves as at 31 December 2023 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
Carrying value of investment

Computer & Communications Co. Limited
1,289,245
266,178
955,771

Page 6

 
NOTESHOP LIMITED
 

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

5.


Debtors

2023
2022
£
£


Called up share capital not paid
2
2



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
475,999
475,999



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary A shares of £1.00 each
100
100
400 (2022 - 400) Ordinary shares of £1.00 each
400
400

500

500



8.


Related party transactions

The Company has taken advantage of the exemptions in FRS 102 section 1A whereby it has not disclosed transactions with wholly owned subsidiaries..


Page 7