Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-072023-09-07false12022-11-01No description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07055291 2022-11-01 2023-09-07 07055291 2021-11-01 2022-10-31 07055291 2023-09-07 07055291 2022-10-31 07055291 c:Director1 2022-11-01 2023-09-07 07055291 c:RegisteredOffice 2022-11-01 2023-09-07 07055291 d:ComputerEquipment 2022-11-01 2023-09-07 07055291 d:ComputerEquipment 2023-09-07 07055291 d:ComputerEquipment 2022-10-31 07055291 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-09-07 07055291 d:CurrentFinancialInstruments 2023-09-07 07055291 d:CurrentFinancialInstruments 2022-10-31 07055291 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-07 07055291 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 07055291 d:ShareCapital 2023-09-07 07055291 d:ShareCapital 2022-10-31 07055291 d:RetainedEarningsAccumulatedLosses 2023-09-07 07055291 d:RetainedEarningsAccumulatedLosses 2022-10-31 07055291 c:FRS102 2022-11-01 2023-09-07 07055291 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-09-07 07055291 c:FullAccounts 2022-11-01 2023-09-07 07055291 c:PrivateLimitedCompanyLtd 2022-11-01 2023-09-07 07055291 2 2022-11-01 2023-09-07 07055291 6 2022-11-01 2023-09-07 07055291 e:PoundSterling 2022-11-01 2023-09-07 iso4217:GBP xbrli:pure
Company registration number: 07055291







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
7 SEPTEMBER 2023


PORT 443 LIMITED






































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PORT 443 LIMITED
 


 
COMPANY INFORMATION


Director
T Rault-Smith 




Registered number
07055291



Registered office
43 Cannonside
Fetcham

Leatherhead

Surrey

KT22 9LE




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


PORT 443 LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


PORT 443 LIMITED
REGISTERED NUMBER:07055291



STATEMENT OF FINANCIAL POSITION
AS AT 7 SEPTEMBER 2023

7 September
31 October
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,250
-

Investments
 5 
340,488
18,447,350

  
342,738
18,447,350

Current assets
  

Debtors: amounts falling due within one year
 6 
14,538,592
44,139

Cash at bank and in hand
  
2,411,407
167,856

  
16,949,999
211,995

Creditors: amounts falling due within one year
 7 
(3,743,896)
(400)

Net current assets
  
 
 
13,206,103
 
 
211,595

Total assets less current liabilities
  
13,548,841
18,658,945

Provisions for liabilities
  

Deferred tax
 8
(2,955)
(4,591,232)

  
 
 
(2,955)
 
 
(4,591,232)

Net assets
  
13,545,886
14,067,713

Page 1

 


PORT 443 LIMITED
REGISTERED NUMBER:07055291


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 7 SEPTEMBER 2023

7 September
31 October
2023
2022
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
13,545,786
14,067,613

  
13,545,886
14,067,713


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 period 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 company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 


T Rault-Smith
Director

Date: 5 September 2024

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

Page 2

 


PORT 443 LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 7 SEPTEMBER 2023

1.


General information

Port 443 Limited is a private company limited by shares incorporated in England and Wales. The address of
the registered office is disclosed on the company information page.
The accounting reference date of the company was shortened from 31 October 2023 to 7 September 2023 in accordance with the director's preference. In the prior year the accounts were presented for a twelve month period and are therefore not directly comparable.

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 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

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 Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 


PORT 443 LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 7 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period 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 reporting 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.

 
2.5

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, on a reducing balance basis.

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.

 
2.6

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting 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.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 4

 


PORT 443 LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 7 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including the director, during the period was 1 (Year ended 31 October 2022 - 1).




4.


Tangible fixed assets







Computer equipment

£



Cost or valuation


Additions
2,699



At 7 September 2023

2,699



Depreciation


Charge for the period
449



At 7 September 2023

449



Net book value



At 7 September 2023
2,250



At 31 October 2022
-

Page 5

 


PORT 443 LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 7 SEPTEMBER 2023

5.


Fixed asset investments








Investments

£



Cost or valuation


At 1 November 2022
18,447,350


Additions
250,592


Disposals
(18,367,343)


Revaluations
9,889



At 7 September 2023
340,488





6.


Debtors

7 September
31 October
2023
2022
£
£


Other debtors
14,523,747
44,139

Prepayments and accrued income
14,845
-

14,538,592
44,139



7.


Creditors: Amounts falling due within one year

7 September
31 October
2023
2022
£
£

Corporation tax
3,738,496
-

Accruals and deferred income
5,400
400

3,743,896
400



8.


Deferred taxation

7 September
31 October
2023
2022
£
£
Capital gains

2,392

4,591,232
 
Fixed asset timing differences

563

-
 
2,955

4,591,232
 

Page 6

 


PORT 443 LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 7 SEPTEMBER 2023

9.


Transactions with directors

Included within other debtors are the following transactions with the director.


7 September
31 October
2023
2022
£
£

Balance outstanding at start of year
44,000
57,000
Amounts advanced
2,441
35,000
Amounts repaid
(44,000)
(48,000)
2,441
44,000

Interest is charged on this loan at HMRC's official rate. The loan is repayable on demand.

 
Page 7