Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true442023-01-01falseNo description of principal activityfalse 13610381 2023-01-01 2023-12-31 13610381 2021-09-08 2022-12-31 13610381 2023-12-31 13610381 2022-12-31 13610381 c:Director2 2023-01-01 2023-12-31 13610381 d:CurrentFinancialInstruments 2023-12-31 13610381 d:CurrentFinancialInstruments 2022-12-31 13610381 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13610381 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13610381 d:ShareCapital 2023-12-31 13610381 d:ShareCapital 2022-12-31 13610381 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13610381 c:OrdinaryShareClass1 2023-12-31 13610381 c:OrdinaryShareClass1 2022-12-31 13610381 c:FRS102 2023-01-01 2023-12-31 13610381 c:Audited 2023-01-01 2023-12-31 13610381 c:FullAccounts 2023-01-01 2023-12-31 13610381 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13610381 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13610381 6 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13610381









QUILAM JV HOLDINGS 2 LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
QUILAM JV HOLDINGS 2 LIMITED
REGISTERED NUMBER: 13610381

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
1
1

  
1
1

Creditors: amounts falling due within one year
 6 
(1)
(1)

Net current assets
  
 
 
-
 
 
-

Total assets less current liabilities
  
1
1

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
 7 
1
1

  
1
1


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 income and retained earnings 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: 






K McSweeney
Director

Date: 26 April 2024

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

Page 1

 
QUILAM JV HOLDINGS 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Quilam JV Holdings 2 Limited (the 'Company'), is a private company limited by shares, and incorporated in England and Wales. The Company's registered number and registered address can be found on the Company Information page.
The principal activity of the Company is that of a holding company.

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 following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.
Thus, the directors adopt the going concern basis of accounting in preparing the financial statements, which the directors believe is appropriate based on the facts set out below.
The directors, having considered the above and made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the Company will continue in operation for the foreseeable future.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

(i) Financial assets
Basic financial assets, including trade and other debtors and amounts owed by group undertaking, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.
(ii) Financial liabilities
 
Page 2

 
QUILAM JV HOLDINGS 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.4
Financial instruments (continued)


Basic financial liabilities, including trade and other creditors and amounts owed to group undertaking, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 January 2023
1



At 31 December 2023
1




Page 3

 
QUILAM JV HOLDINGS 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
1
1

1
1



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
1
1

1
1



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares shares of £0.01 each
1
1



8.Other financial commitments

Quilam Special Opportunities 2 Limited, the Company's subsidiary undertaking, secured a credit facility with Special GBP Funding Opportunities SARL which contained fixed and floating charges over all property or understaking of the Company


9.


Related party transactions

Included within amounts due from group undertakings is a balance of £1 due from the various shareholders. This balance is unsecured, interest free and repayable on demand.


10.


Controlling party

The immediate parent undertaking is WCP Quilam Ventures LLC.

Page 4

 
QUILAM JV HOLDINGS 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Auditors' information

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

The audit report was signed on 26 April 2024 by Nick Bishop FCA (Senior statutory auditor) on behalf of BKL Audit LLP.

 
Page 5