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Company No: 08008470 (England and Wales)

COMPUTEAM HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

COMPUTEAM HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

COMPUTEAM HOLDINGS LIMITED

BALANCE SHEET

As at 31 December 2023
COMPUTEAM HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
2023 2022
£ £
Fixed assets
Investments 967,716 967,716
967,716 967,716
Current assets
Debtors 1 1
1 1
Creditors: amounts falling due within one year 3 ( 962,970) ( 695,470)
Net current liabilities (962,969) (695,469)
Total assets less current liabilities 4,747 272,247
Net assets 4,747 272,247
Capital and reserves
Called-up share capital 4 876 1,001
Capital redemption reserve 700 575
Other reserves 182 182
Profit and loss account 2,989 270,489
Total shareholders' funds 4,747 272,247

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Computeam Holdings Limited (registered number: 08008470) were approved and authorised for issue by the Board of Directors on 04 September 2024. They were signed on its behalf by:

O E Napier
Director
COMPUTEAM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
COMPUTEAM HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Computeam Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom and is registered in England and Wales. The address of the Company's registered office is Suite 443 Broadstone Mill, Broadstone Road, Stockport, SK5 7DL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year. 0 0

The directors did not receive any remuneration in the year (2022 : £Nil)

3. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to own subsidiaries 962,887 695,387
Other creditors 83 83
962,970 695,470

4. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
Nil B ordinary shares (2022: 75 shares of £ 1.00 each) 0 75
876 A ordinary shares of £ 1.00 each (2022: 926 shares of £ 1.00 each) 876 926
876 1,001

During the year, the company repurchased 50 of its ordinary A shares and 75 of its ordinary B shares and subsequently cancelled them. Ultimate control of the company remains unchanged by virtue of the shareholding.

5. Related party transactions

The company has taken advantage of available exemptions in Section 33.1A of FRS 102 to not disclose transactions with wholly owned members of its group.