Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31trueHolding companyfalse12023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false1true 11430735 2023-01-01 2023-12-31 11430735 2022-01-01 2022-12-31 11430735 2023-12-31 11430735 2022-12-31 11430735 c:Director1 2023-01-01 2023-12-31 11430735 d:CurrentFinancialInstruments 2023-12-31 11430735 d:CurrentFinancialInstruments 2022-12-31 11430735 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11430735 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11430735 d:ShareCapital 2023-12-31 11430735 d:ShareCapital 2022-12-31 11430735 d:SharePremium 2023-12-31 11430735 d:SharePremium 2022-12-31 11430735 d:RetainedEarningsAccumulatedLosses 2023-12-31 11430735 d:RetainedEarningsAccumulatedLosses 2022-12-31 11430735 c:FRS102 2023-01-01 2023-12-31 11430735 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11430735 c:FullAccounts 2023-01-01 2023-12-31 11430735 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11430735 6 2023-01-01 2023-12-31 11430735 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 11430735






TOUCAN TOOL HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










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TOUCAN TOOL HOLDINGS LIMITED
REGISTERED NUMBER:11430735

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,604,000
1,604,000

  
1,604,000
1,604,000

Current assets
  

Cash at bank and in hand
 5 
5,931
5,931

  
5,931
5,931

Creditors: amounts falling due within one year
 6 
(10,000)
(10,000)

Net current liabilities
  
 
 
(4,069)
 
 
(4,069)

Total assets less current liabilities
  
1,599,931
1,599,931

  

Net assets
  
1,599,931
1,599,931


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
799,950
799,950

Profit and loss account
  
799,881
799,881

  
1,599,931
1,599,931


Page 1

 
TOUCAN TOOL HOLDINGS LIMITED
REGISTERED NUMBER:11430735
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges his 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 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: 




V A Carter
Director

Date: 11 September 2024

Page 2

 
TOUCAN TOOL HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is a private company limited by shares, incorporated in England and Wales. The registered office is Toucan House, 373-375 Church Road, London, E10 7JG. 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.3

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.

 
2.4

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.

Page 3

 
TOUCAN TOOL HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Financial instruments

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.6

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 1 (2022 -1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1,604,000



At 31 December 2023
1,604,000




Page 4

 
TOUCAN TOOL HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
5,931
5,931

5,931
5,931



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
10,000
10,000

10,000
10,000


 
Page 5