Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true11false2023-01-01falseInvesting in associated undertakingsThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13068574 2023-01-01 2023-12-31 13068574 2022-01-01 2022-12-31 13068574 2023-12-31 13068574 2022-12-31 13068574 c:Director1 2023-01-01 2023-12-31 13068574 d:CurrentFinancialInstruments 2023-12-31 13068574 d:CurrentFinancialInstruments 2022-12-31 13068574 c:Micro-entities 2023-01-01 2023-12-31 13068574 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13068574 c:FullAccounts 2023-01-01 2023-12-31 13068574 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13068574 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13068574










SIMIHAZE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
SIMIHAZE LIMITED
REGISTERED NUMBER: 13068574

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
£
£


Fixed assets
1
-

Current assets
4
4

Creditors: amounts falling due within one year
(2,966,925)
(2,456,855)

Net current liabilities
 
 
(2,966,921)
 
 
(2,456,851)

Total assets less current liabilities
(2,966,920)
(2,456,851)


Net liabilities
(2,966,920)
(2,456,851)



Capital and reserves
(2,966,920)
(2,456,851)


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SIMIHAZE LIMITED
REGISTERED NUMBER: 13068574

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

Notes


General information

Simihaze Limited is a private Company limited by shares incorporated in England and Wales within the United Kingdom. The registration number is 13068574 and the address of the registered office is 7 Savoy Court, London, United Kingdom, WC2R 0EX.


Average number of employees

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

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 her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements have been delivered in accordance with the 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: 




R Mahmoud
Director
Date: 18 September 2024

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SIMIHAZE LIMITED
 

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

1.Accounting policies

 
1.1

Going concern

The financial statements are prepared on the going concern basis.
This is on the basis that the director understands the informal borrowing entered into by the company from the shareholders shall continue to be made available to it and on this basis considers it appropriate to prepare the financial statements on the going concern basis.

 
1.2

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 Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
1.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
SIMIHAZE LIMITED
 

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

2.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Loans to subsidiaries
Loans to associates
Total

£
£
£
£
£



Cost


At 1 January 2023
-
34,232
-
2,359,024
2,393,256


On acquisition of subs
34,232
(34,232)
2,359,024
(2,359,024)
-


Additions
1
-
346,797
-
346,798



At 31 December 2023

34,233
-
2,705,821
-
2,740,054



Impairment


At 1 January 2023
-
34,232
-
2,359,024
2,393,256


On acquisition of subs
34,232
(34,232)
2,359,024
(2,359,024)
-


Charge for the period
-
-
346,797
-
346,797



At 31 December 2023

34,232
-
2,705,821
-
2,740,053



Net book value



At 31 December 2023
1
-
-
-
1



At 31 December 2022
-
-
-
-
-


3.


Contingent liabilities

Upon the acquisition of the company's subsidiary during the year the company has a liability of €746,000 that is contingent upon future events.  While an obligation is probable the amount that will be due cannot be estimated reliably and as a result is not recognised in the financial statements.

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