Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-31072201672023-12-31true2023-01-01false11false 07220167 2023-01-01 2023-12-31 07220167 2022-01-01 2022-12-31 07220167 2023-12-31 07220167 2022-12-31 07220167 c:Director8 2023-01-01 2023-12-31 07220167 d:ComputerEquipment 2023-01-01 2023-12-31 07220167 d:ComputerEquipment 2023-12-31 07220167 d:ComputerEquipment 2022-12-31 07220167 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07220167 d:CurrentFinancialInstruments 2023-12-31 07220167 d:CurrentFinancialInstruments 2022-12-31 07220167 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07220167 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07220167 d:ShareCapital 2023-12-31 07220167 d:ShareCapital 2022-12-31 07220167 d:RetainedEarningsAccumulatedLosses 2023-12-31 07220167 d:RetainedEarningsAccumulatedLosses 2022-12-31 07220167 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07220167 c:OrdinaryShareClass1 2022-01-01 2022-12-31 07220167 c:OrdinaryShareClass1 2023-12-31 07220167 c:OrdinaryShareClass1 2022-12-31 07220167 c:FRS102 2023-01-01 2023-12-31 07220167 c:Audited 2023-01-01 2023-12-31 07220167 c:FullAccounts 2023-01-01 2023-12-31 07220167 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07220167 d:Subsidiary1 2023-01-01 2023-12-31 07220167 d:Subsidiary1 1 2023-01-01 2023-12-31 07220167 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07220167 6 2023-01-01 2023-12-31 07220167 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 07220167 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 07220167 d:RetirementBenefitObligationsDeferredTax 2023-12-31 07220167 d:RetirementBenefitObligationsDeferredTax 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure



















Jouve UK Limited

Registered number: 07220167
Annual report
For the year ended 31 December 2023

 
 07220167
31 December 2023
JOUVE UK LIMITED
REGISTERED NUMBER: 07220167

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
373
631

Investments
 5 
232
232

  
605
863

Current assets
  

Debtors: amounts falling due within one year
 6 
119,328
136,783

Cash at bank and in hand
  
294,489
364,401

  
413,817
501,184

Creditors: amounts falling due within one year
 7 
(274,245)
(348,823)

Net current assets
  
 
 
139,572
 
 
152,361

Total assets less current liabilities
  
140,177
153,224

Provisions for liabilities
  

Deferred tax
 8 
(90)
(90)

  
 
 
(90)
 
 
(90)

Net assets
  
140,087
153,134


Capital and reserves
  

Called up share capital 
 9 
10,000
10,000

Profit and loss account
  
130,087
143,134

Total equity
  
140,087
153,134


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: 




A De Lestapis
Director

Date: 3 September 2024

The notes on pages 3 to 10 form part of these financial statements.
- 1 -

 
 07220167
31 December 2023
JOUVE UK LIMITED
REGISTERED NUMBER: 07220167
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023


- 2 -

 
 07220167
31 December 2023
JOUVE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Jouve UK Limited is a private company limited by shares incorporated in England and Wales. Its registered number is 07220167. The address of its registered office is The Pinnacle, 160 Midsummer Boulevard, Milton Keynes, Buckinghamshire, MK9 1FF.
The principal activity was the provision of scanning, image and character recognition solutions and services to the book publishing industry.

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 financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the company operates and is rounded to the nearest pound.
The following principal accounting policies have been applied:

 
2.2

Going concern

These financial statements have been prepared on a going concern basis. The directors, having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern. The directors have received confirmation that the parent company will continue to support the company and provide it with adequate funds when necessary to enable it to meet its debts as they fall due in the foreseeable future. Accordingly the directors have a reasonable expectation that the company will continue in operational existence and thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

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 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.

- 3 -

 
 07220167
31 December 2023
JOUVE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Computer equipment
-
33% straight line basis

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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.

 
2.7

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.
Financial assets
Financial assets that are measured at cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is identified, an impairment loss is recognised in the Statement of Comprehensive Income.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and its recoverable amount, which is an estimate of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial liabilities
Basic financial liabilities, including trade and other payables are initially recognised at transaction price.
 
- 4 -

 
 07220167
31 December 2023
JOUVE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

 
2.8

Foreign currency translation

Functional and presentation currency

The company's functional and presentation currency is GBP Sterling.

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 the Statement of Comprehensive Income.

 
2.9

Dividends

Dividends are recognised when paid.

 
2.10

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 other creditors as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

- 5 -

 
 07220167
31 December 2023
JOUVE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Current taxation

The tax expense for the year comprises current and deferred tax. 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 reporting 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 Statement of Financial Position 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 reporting date.


3.


Employees

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

- 6 -

 
 07220167
31 December 2023
JOUVE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Computer equipment

£



Cost


At 1 January 2023
756



At 31 December 2023

756



Depreciation


At 1 January 2023
125


Charge for the year
258



At 31 December 2023

383



Net book value



At 31 December 2023
373



At 31 December 2022
631


5.


Fixed asset investments





Equity investment

£



Cost


At 1 January 2023
232



At 31 December 2023
232






Net book value



At 31 December 2023
232



At 31 December 2022
232

- 7 -

 
 07220167
31 December 2023
JOUVE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

Equity investment


The following was an equity investment of the company:

Name

Country of incorporation

Class of shares

Holding

Six Red Marbles Learning Private Limited
India
Ordinary
2%


6.


Debtors

2023
2022
£
£


Trade debtors
118,983
136,383

Prepayments
345
400

119,328
136,783



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,952
3,744

Amounts owed to group undertakings
123,877
227,785

Corporation tax
36,459
27,195

Other taxation and social security
68,980
63,302

Other creditors
271
271

Accruals
42,706
26,526

274,245
348,823


The amounts owed to group undertakings are unsecured, interest free and repayable on demand. 

- 8 -

 
 07220167
31 December 2023
JOUVE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Deferred taxation




2023


£






At beginning of year
(90)


Charged to the Statement of Comprehensive Income
-



At end of year
(90)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fixed asset timing differences
(158)
(158)

Short term timing differences
68
68

(90)
(90)


9.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



10,000 (2022: 10,000) ordinary shares of £1 each
10,000
10,000

The ordinary shares have attached to them full voting, dividend and distribution rights.



10.


Pension commitments

The company operates a defined contribution plan for all employees of the company. Contributions made into this plan are paid by the company at rates specified in the rules of the schemes. As at the reporting date, amounts payable of £271 (2022: £271) had not been paid over to the plan.


11.


Controlling party

The immediate parent undertaking is Luminess S.A.S, a company incorporated in France. The ultimate parent undertaking and controlling party is Montesquieu Participations, a company incorporated in France. Montesquieu Participations prepares group financial statements and copies are available from 12 place Dauphine, 75001 Paris.

- 9 -

 
 07220167
31 December 2023
JOUVE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 3 September 2024 by Paul Kurowski (Senior Statutory Auditor) on behalf of Forvis Mazars LLP.

- 10 -