Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-01-011falsetrue1No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09913265 2023-01-01 2023-12-31 09913265 2022-01-01 2022-12-31 09913265 2023-12-31 09913265 2022-12-31 09913265 c:Director1 2023-01-01 2023-12-31 09913265 c:RegisteredOffice 2023-01-01 2023-12-31 09913265 d:CurrentFinancialInstruments 2023-12-31 09913265 d:CurrentFinancialInstruments 2022-12-31 09913265 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09913265 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09913265 d:ShareCapital 2023-12-31 09913265 d:ShareCapital 2022-12-31 09913265 d:RetainedEarningsAccumulatedLosses 2023-12-31 09913265 d:RetainedEarningsAccumulatedLosses 2022-12-31 09913265 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09913265 c:OrdinaryShareClass1 2023-12-31 09913265 c:OrdinaryShareClass1 2022-12-31 09913265 c:FRS102 2023-01-01 2023-12-31 09913265 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09913265 c:FullAccounts 2023-01-01 2023-12-31 09913265 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09913265








CITIES & COLLABORATION LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023





















 
CITIES & COLLABORATION LIMITED
 
 
Company Information


Director
C Arriagada 




Registered number
09913265



Registered office
3rd Floor
12 Gough Square

London

England

EC4A 3DW




Accountants
Sayers Butterworth LLP
Chartered Accountants

3rd Floor

12 Gough Square

London

EC4A 3DW





 
CITIES & COLLABORATION LIMITED
Registered number: 09913265

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
6,400
4,454

  
6,400
4,454

Creditors: amounts falling due within one year
 5 
(101,069)
(103,909)

Net current liabilities
  
 
 
(94,669)
 
 
(99,455)

Total assets less current liabilities
  
(94,669)
(99,455)

  

Net liabilities
  
(94,669)
(99,455)


Capital and reserves
  

Called up share capital 
 6 
1,000
1,000

Profit and loss account
  
(95,669)
(100,455)

  
(94,669)
(99,455)


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 her 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 21 August 2024.




C Arriagada
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
CITIES & COLLABORATION LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

1.


General information

Cities & Collaboration Limited is a private company limited by share capital, incorporated in England and Wales, registration number 09913265. The address of the registered office is 3rd Floor, 12 Gough Square, London, United Kingdom, EC4A 3DW.

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on the going concern basis, despite an excess of total liabilities over total assets.
In the opinion of the director, the company will continue in operation for a period no less than 12 months from the date of signature of the balance sheet due to her continued financial support. These financial statements do not include any adjustments that would be necessary in the event that this support cannot be continued.

 
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.

Page 2

 
CITIES & COLLABORATION LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
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

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.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

 
2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
CITIES & COLLABORATION LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.8

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 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.

Page 4

 
CITIES & COLLABORATION LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

3.


Employees

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


4.


Debtors

2023
2022
£
£


Trade debtors
6,400
4,454

6,400
4,454



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
101,069
103,909

101,069
103,909



6.


Share capital

2023
2022
£
£
Allotted, called up and partly paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000


 
Page 5