Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01No description of principal activity74truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12508570 2023-01-01 2023-12-31 12508570 2022-01-01 2022-12-31 12508570 2023-12-31 12508570 2022-12-31 12508570 1 2023-01-01 2023-12-31 12508570 d:CompanySecretary1 2023-01-01 2023-12-31 12508570 d:Director1 2023-01-01 2023-12-31 12508570 d:Director2 2023-01-01 2023-12-31 12508570 d:RegisteredOffice 2023-01-01 2023-12-31 12508570 c:ComputerEquipment 2023-01-01 2023-12-31 12508570 c:ComputerEquipment 2023-12-31 12508570 c:ComputerEquipment 2022-12-31 12508570 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12508570 c:CurrentFinancialInstruments 2023-12-31 12508570 c:CurrentFinancialInstruments 2022-12-31 12508570 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 12508570 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 12508570 c:ShareCapital 2023-12-31 12508570 c:ShareCapital 2022-12-31 12508570 c:RetainedEarningsAccumulatedLosses 2023-12-31 12508570 c:RetainedEarningsAccumulatedLosses 2022-12-31 12508570 d:FRS102 2023-01-01 2023-12-31 12508570 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12508570 d:FullAccounts 2023-01-01 2023-12-31 12508570 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12508570 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 12508570 (England and Wales)














SQOPE LTD
 
UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
SQOPE LTD
 
 
COMPANY INFORMATION


Directors
I Krancenblum 
D J Schraub 




Company secretary
ZEDRA CoSec (UK) Limited



Registered number
12508570



Registered office
Birchin Court
5th Floor

19-25 Birchin Lane

London

United Kingdom

EC3V 9DU




Accountants
ZEDRA Corporate Reporting Services (UK) Limited





 
SQOPE LTD
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 7

 
SQOPE LTD
REGISTERED NUMBER:12508570

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
1,509
2,549

  
1,509
2,549

Current assets
  

Debtors: amounts falling due within one year
 4 
48,361
7,149

Bank and cash balances
  
10,134
2,851

  
58,495
10,000

Creditors: amounts falling due within one year
 5 
(139,543)
(85,317)

Net current liabilities
  
 
 
(81,048)
 
 
(75,317)

Total assets less current liabilities
  
(79,539)
(72,768)

  

Net liabilities
  
(79,539)
(72,768)

Page 1

 
SQOPE LTD
REGISTERED NUMBER:12508570
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

2023
2022
£
£

Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(79,540)
(72,769)

  
(79,539)
(72,768)


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: 

I Krancenblum
Director

Date: 5 September 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 2

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

1.Accounting policies

 
1.1

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 following principal accounting policies have been applied:

 
1.2

Going concern

The Company has received written confirmation from its parent company, Sqope S.A, that it will continue to provide financial support for a period of at least 12 months from the date of signing these financial statements. For this reason, the directors continue to the going concern basis in preparing the financial statements.

 
1.3

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

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

1.Accounting policies (continued)

 
1.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover is recognised on a cost plus basis of 8%, in line with the intercompany service agreement with the parent company. Turnover 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 turnover 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.

 
1.5

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.

 
1.6

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.

Page 4

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

1.Accounting policies (continued)


1.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

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.

 
1.7

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.

 
1.8

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. 

 
1.9

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.


Employees

The average monthly number of employees during the year was 7 (2022 - 4).

Page 5

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

3.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
3,118



At 31 December 2023

3,118



Depreciation


At 1 January 2023
569


Charge for the year on owned assets
1,040



At 31 December 2023

1,609



Net book value



At 31 December 2023
1,509



At 31 December 2022
2,549


4.


Debtors

2023
2022
£
£


Trade debtors
43,954
1,608

Other debtors
1,774
4,133

Prepayments and accrued income
2,633
1,408

48,361
7,149


Page 6

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

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
362

Amounts owed to group undertakings
130,355
79,135

Other creditors
2,690
4,517

Accruals and deferred income
6,498
1,303

139,543
85,317



6.


Controlling party

Sqope S.A is the parent organisation of Sqope Ltd. 2, Avenue de la Porte-Neuve, L-2227 Luxembourg, Luxembourg.


7.


Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and
the date which these financial statements were approved.
 
Page 7