Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01truefalsetrueNo description of principal activity00 01031028 2023-01-01 2023-12-31 01031028 2022-01-01 2022-12-31 01031028 2023-12-31 01031028 2022-12-31 01031028 c:Director3 2023-01-01 2023-12-31 01031028 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 01031028 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 01031028 d:CurrentFinancialInstruments 2023-12-31 01031028 d:CurrentFinancialInstruments 2022-12-31 01031028 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01031028 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01031028 d:ShareCapital 2023-12-31 01031028 d:ShareCapital 2022-12-31 01031028 d:RetainedEarningsAccumulatedLosses 2023-12-31 01031028 d:RetainedEarningsAccumulatedLosses 2022-12-31 01031028 c:FRS102 2023-01-01 2023-12-31 01031028 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01031028 c:FullAccounts 2023-01-01 2023-12-31 01031028 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01031028 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 01031028









ROBERT BOLT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ROBERT BOLT LIMITED
REGISTERED NUMBER: 01031028

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Intangible assets
 5 
-
-

  
-
-

Current assets
  

Debtors
 6 
5,092
800

Cash at bank and in hand
 7 
1,589
11,631

  
6,681
12,431

Creditors: amounts falling due within one year
 8 
(12,128)
(14,947)

Net current liabilities
  
 
 
(5,447)
 
 
(2,516)

  

Net liabilities
  
(5,447)
(2,516)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(5,547)
(2,616)

  
(5,447)
(2,516)

Page 1

 
ROBERT BOLT LIMITED
REGISTERED NUMBER: 01031028
    
BALANCE SHEET (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 year 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 by: 

Hilary Strong
Director

Date: 31 July 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ROBERT BOLT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Robert Bolt Limited (the "Company") is a private company limited by share capital, incorporated under the UK Companies Acts 1948 to 1967 and domiciled in England. The address of the Company's registered office is 7 East Pallant, Chichester, West Sussex, PO19 1TR.

2.Accounting policies

  
2.1

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all reporting periods presented unless otherwise stated.

 
2.2

Basis of preparation of financial statements

The financial statements of the Company 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 UK Companies Act 2006.
The preparation of financial statements in conformity with Financial Reporting Standard 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company's accounting policies.
Details of those estimates and/or judgments made in applying the Company's accounting policies towards the preparation of these financial statements that may be considered as yielding a significant risk of a material adjustment being made to the carrying amounts of assets and/or liabilities reported in the balance sheet during the next financial reporting period are disclosed in note 3 to the financial statements.

  
2.3

Functional and presentational currency

Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which the Company operates (the "functional currency").
The functional currency of the Company, and the currency in which the financial statements are presented (the "presentational currency"), is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.

  
2.4

Foreign currency translation

Foreign currencies are translated into the functional (and presentational) currency using the exchange rates prevailing at the date of the respective transaction or valuation where items are re-measured.
Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at financial reporting period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.
Page 3

 
ROBERT BOLT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Going concern

In assessing whether the going concern basis remains appropriate for the preparation of the financial statements, the directors have reviewed the Company’s principal and emerging risks, access to funding and liquidity position and the Company's performance up to the date these financial statements were approved and expected performance over the 18 months following the balance sheet date.
Based on their assessment, the directors are of the conclusion that the Company will have adequate resources available at its disposal to continue in operational existence for the foreseeable future.
While there will always remain an inherent uncertainty, the directors have no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the Company to continue as a going concern and therefore consider it both appropriate to continue to adopt the going concern basis in preparing the Company's financial statements and to not recognise any adjustments in the financial statements that would arise if the going concern basis were to become no longer appropriate.

 
2.6

Revenue

Turnover comprises revenue receivable by the Company in respect of royalties and advances receivable from the exploitation of intellectual property in connection with rights, titles and interest held by the Company in literary estates, exclusive of Value Added Tax.
Revenue in respect of royalties and advances receivable is recognised as and when the Company receives notification of amounts due, during the reporting period, with amounts accrued and/or deferred where applicable in accordance with the terms of the underlying contract.

 
2.7

Taxation

Taxation comprises of income and/or corporate taxation ("current taxation") and deferred taxation recognised solely in profit or loss.
Current taxation is calculated using tax rates and on the basis of tax laws enacted or substantively enacted at the balance sheet date in the UK where taxable income is solely generated by the Company through its business operations.
Following 1 April 2023 the main rate of UK corporation tax increased from 19% to 25% for profits chargeable to corporation tax of £250,000 or more. Where profits chargeable to corporation tax are £50,000 or less the rate remains unchanged at 19% with marginal relief available for where profits chargeable to corporation tax fall between the aforementioned thresholds of £50,000 and £250,000.
Deferred taxation is recognised on temporary differences arising between the tax bases of assets and liabilities and their respective carrying amounts in the financial statements. Deferred taxation is calculated using tax rates and on the basis of tax laws enacted or substantively enacted at the balance sheet date expected to apply when the related deferred tax asset/liability is realised/settled.
Deferred tax assets are recognised only to the extent that it is sufficiently probable that future taxable profits will be available against which the temporary differences can be utilised.

Page 4

 
ROBERT BOLT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Intangible assets

Intangible assets held by the Company comprise of rights, titles and interest held in literary estates; purchased by the Company. Said intangible assets are initially recognised at cost and subsequently measured at cost less accumulated amortisation and accumulated impairment.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities; with said financial assets and liabilities classified in accordance with the substance of the underlying contractual obligations rather than its legal form.
Financial assets and liabilities are recognised in the balance sheet upon becoming party to the contractual provisions of the instrument. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or the financial asset is transferred along with substantially all the risks and rewards of ownership of the asset to another party. Financial liabilities are derecognised only when the Company’s obligations are discharged, cancelled or expired.
The measurement of specific financial assets, financial liabilities and equity held by the Company is as outlined in notes 2.10 to 2.13 of the financial statements.

 
2.10

Debtors

Debtors, excluding deferred tax assets (see note 2.7), are initially measured at transaction price (i.e fair value) and subsequently held at transaction price less provision for impairment.

 
2.11

Cash and cash equivalents

Cash balances are reported by the Company as being financial instruments classified as short term receivables and are represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours and subject to an insignificant risk of changes in value. Cash balances are held at floating interest rates linked to UK bank rates.

 
2.12

Creditors

Creditors are initially measured, and subsequently held, at transaction price (i.e fair value).

 
2.13

Equity and dividends

Ordinary share capital, shown in equity, is initially measured and subsequently held at its nominal value. Where the transaction price for issued shares exceeds their nominal value, the difference is shown under equity in a share premium account with any directly attributable transaction costs associated with the issuing of said shares deducted from said share premium account.
Equity dividends are recognised in the reporting period in which they become legally payable upon approval by the Company's director(s).
Page 5

 
ROBERT BOLT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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 judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. Although the expected outcome of said estimates and assumptions will, by definition, seldom equal the related actual results; estimates and judgments made are continually re-evaluated and are based on historical experience as well as other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical judgments in applying the entity’s accounting policies
There were no critical judgments made in applying the entity's accounting policies.

Critical accounting estimates and assumptions
There were no estimates and/or assumptions that would be considered as having a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period.


4.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0). In accordance with UK legislation, office holders (i.e. registered company directors or secretaries) of the Company are not employees of the Company on the grounds that they are not party to a contract with the Company that meets the criteria for status of an employee.


5.


Intangible assets




Rights, titles and interest held

£



Cost


At 1 January 2023
927



At 31 December 2023

927



Amortisation


At 1 January 2023
927



At 31 December 2023

927



Net book value



At 31 December 2023
-



Page 6

 
ROBERT BOLT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Falling due within one year

Other debtors
5,092
800


At the balance sheet date, the provision for impairment against debtors falling due within one year was £nil (2022: £nil).


7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,589
11,631



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,062
5,326

Amounts owed to group undertakings
9,481
7,246

Corporation tax
-
35

Accruals and deferred income
1,585
2,340

12,128
14,947


Amounts owed to group undertakings are unsecured, interest-free and repayable on demand with no fixed date for repayment.


9.


Financial instruments

The Company held no financial instruments that would require specific disclosure under sections 1.12, 11 or 12 of Financial Reporting Standard 102 or paragraph 36 of Schedule 1 to the Companies Act 2006.

Page 7

 
ROBERT BOLT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Related party transactions

The Company has taken advantage of the exemptions provided by Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions undertaken or balances carried forward as at the balance sheet date between wholly-owned group undertakings.
There were no other related party transactions and/or period end balances to report in accordance with the Companies Act 2006 and Section 1A of Financial Reporting Standard 102 as part of these financial statements.


11.


Controlling party

The Company's immediate parent company is WorldWrites Holdings Limited, a company incorporated under the UK Companies Act 2006 which holds a 100% interest in the total voting rights of the Company.
The parent undertaking of the smallest group to consolidate these financial statements is International Literary Properties UK Limited and whose registered office is located at 7 East Pallant, Chichester, West Sussex, United Kingdom, PO19 1TR.

 
Page 8