Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-01-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02267435 2023-01-01 2023-12-31 02267435 2022-01-01 2022-12-31 02267435 2023-12-31 02267435 2022-12-31 02267435 c:Director1 2023-01-01 2023-12-31 02267435 c:Director2 2023-01-01 2023-12-31 02267435 c:RegisteredOffice 2023-01-01 2023-12-31 02267435 c:Agent1 2023-01-01 2023-12-31 02267435 d:CurrentFinancialInstruments 2023-12-31 02267435 d:CurrentFinancialInstruments 2022-12-31 02267435 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02267435 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02267435 d:ShareCapital 2023-12-31 02267435 d:ShareCapital 2022-12-31 02267435 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 02267435 d:RetainedEarningsAccumulatedLosses 2023-12-31 02267435 d:RetainedEarningsAccumulatedLosses 2022-12-31 02267435 c:OrdinaryShareClass1 2023-01-01 2023-12-31 02267435 c:OrdinaryShareClass1 2023-12-31 02267435 c:OrdinaryShareClass1 2022-12-31 02267435 c:FRS102 2023-01-01 2023-12-31 02267435 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02267435 c:FullAccounts 2023-01-01 2023-12-31 02267435 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02267435 d:EntityControlledByKeyManagementPersonnel3 2023-01-01 2023-12-31 02267435 d:EntityControlledByKeyManagementPersonnel3 2023-12-31 02267435 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-01-01 2023-12-31 02267435 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-31 02267435 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Unaudited Financial Statements
MyCold (U.K.) Limited
For the financial year ended 31 December 2023





































Registered number: 02267435

 
MyCold (U.K.) Limited
 

Company Information


Directors
J. M. Cullinan 
P. Cullinan 




Registered number
02267435



Registered office
27-28 Eastcastle Street

London

W1W 8DH




Accountants
Grant Thornton (NI) LLP
Chartered Accountants

12 - 15 Donegall Square West

Belfast

BT1 6JH




Bankers
Bank of Ireland
12 Trevor Hill

Newry

United Kingdom





 
MyCold (U.K.) Limited
 

Contents



Page
Accountant's report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 7


  
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Independent Accountant's Report to the directors of the unaudited financial statements of MyCold (U.K.) Limited for the financial year ended 31 December 2023

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of MyCold (U.K.) Limited for the financial year ended 31 December 2023, which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements.

This report is made solely to the directors of MyCold (U.K.) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of MyCold (U.K.) Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MyCold (U.K.) Limited and its directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with the technical guidance issued by Chartered Accountants Ireland ("the Institute") and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have approved the financial statements for the financial year ended 31 December 2023 and you have acknowledged on the Statement of financial position as at 31 December 2023 your duty to ensure that MyCold (U.K.) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that MyCold (U.K.) Limited is exempt from the statutory audit requirement for the financial year ended 31 December 2023.

We have not been instructed to carry out an audit or review the financial statements of MyCold (U.K.) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. 




  


Grant Thornton (NI) LLP

Chartered Accountants
12 - 15 Donegall Square West
Belfast
BT1 6JH







Date:   18 September 2024
Page 1

 
MyCold (U.K.) Limited
Registered number:02267435

Statement of financial position
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
78,396
78,396

Cash at bank and in hand
 6 
569
569

  
78,965
78,965

Creditors: amounts falling due within one year
 7 
(136,484)
(132,334)

Net current liabilities
  
 
 
(57,519)
 
 
(53,369)

Total assets less current liabilities
  
(57,519)
(53,369)

  

Net liabilities
  
(57,519)
(53,369)


Capital and reserves
  

Called up share capital 
 8 
5
5

Profit and loss account
 9 
(57,524)
(53,374)

  
(57,519)
(53,369)


Page 2

 
MyCold (U.K.) Limited
Registered number:02267435

Statement of financial position (continued)
As at 31 December 2023

The directors consider 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 financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 on 18 September 2024.




................................................
P. Cullinan
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
MyCold (U.K.) Limited
 
 
Notes to the financial statements
For the financial year ended 31 December 2023

1.


General information

MyCold (U.K.) Limited (the Company) is a private limited company which is registered and incorporated in the United Kingdom. The Company's registered office is 27-28 Eastcastle Street, London, W1W 8DH.
Th principal activity of the company is specialised construction and engineering activities.

2.Accounting policies

  
2.1

Basis of preparation of financial statements

These financial statements have been prepared in accordance with applicable accounting standards, including Section 1A of Financial Reporting Standard 102 – 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has made a loss of £4,150 (2022: £792) during the period, and has net liabilities of £57,519 as at 31 December 2023 (2022: £53,369). The company meets its working capital requirements through financial support from the directors and is dependent on this continuing support. The directors are confident the support will continue to be made available to allow the company to trade for the foreseeable future. On this basis these financial statements therefore continue to be prepared on the going concern basis.

Page 4

 
MyCold (U.K.) Limited
 

Notes to the financial statements
For the financial year ended 31 December 2023

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is 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 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 comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

  
2.4

Taxation

Tax is recognised in the Statement of income and retained earnings, 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.

Page 5

 
MyCold (U.K.) Limited
 
 
Notes to the financial statements
For the financial year ended 31 December 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results.
In the directors' opinions, there are no significant judgements, estimates and assumptions made about the recognition of assets, liabilities, incomes and expenses.


4.


Employees

The average monthly number of employees, including directors, during the financial year was 2 (2022 - 2).


5.


Debtors

2023
2022
£
£

Other debtors
65,273
65,273

Prepayments and accrued income
13,123
13,123

78,396
78,396



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
569
569



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to related parties
132,742
128,592

Accruals
3,742
3,742

136,484
132,334


Amounts owed to related parties are unsecured, interest free and repayable on demand.
The terms of the accruals are based on the underlying contracts.

Page 6

 
MyCold (U.K.) Limited
 
 
Notes to the financial statements
For the financial year ended 31 December 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



5 (2022 - 5) Ordinary shares of £1.00 each
5
5



9.


Reserves

Profit and loss account

Includes all current and prior period retained profits and losses.


10.


Related party transactions

During the year the company had net transactions of £4,150 with a company connected by common control. At the balance sheet date the amount owed to this company was £132,741 (2022: £128,592).

At the balance sheet date the amount owed by the Directors was £62,273 (2022: £62,273). 

Page 7