Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activity2023-01-01falsetruetrue 07462931 2023-01-01 2023-12-31 07462931 1 2023-01-01 2023-12-31 07462931 2022-01-01 2022-12-31 07462931 2023-12-31 07462931 2022-12-31 07462931 d:Director1 2023-01-01 2023-12-31 07462931 c:CurrentFinancialInstruments 2023-12-31 07462931 c:CurrentFinancialInstruments 2022-12-31 07462931 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 07462931 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 07462931 c:ShareCapital 2023-12-31 07462931 c:ShareCapital 2022-12-31 07462931 c:RetainedEarningsAccumulatedLosses 2023-12-31 07462931 c:RetainedEarningsAccumulatedLosses 2022-12-31 07462931 c:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07462931 c:AcceleratedTaxDepreciationDeferredTax 2022-12-31 07462931 d:FRS102 2023-01-01 2023-12-31 07462931 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07462931 d:FullAccounts 2023-01-01 2023-12-31 07462931 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07462931 6 2023-01-01 2023-12-31 07462931 c:ListedExchangeTraded 2023-12-31 07462931 c:ListedExchangeTraded 2022-12-31 07462931 c:UnlistedNon-exchangeTraded 2023-12-31 07462931 c:UnlistedNon-exchangeTraded 2022-12-31 07462931 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure


















Yode PSC Limited























Unaudited

Financial statements



for the year ended 31 December 2023



Registered number: 07462931

 
Yode PSC Limited - Registered number: 07462931

Statement of Financial Position
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
33,536,533
33,535,369

  
33,536,533
33,535,369

Current assets
  

Debtors: amounts falling due within one year
 5 
500
500

Cash at bank and in hand
 6 
666,245
16,652

  
666,745
17,152

Creditors: amounts falling due within one year
 7 
(9,090)
(222,042)

Net current assets/(liabilities)
  
 
 
657,655
 
 
(204,890)

Total assets less current liabilities
  
34,194,188
33,330,479

Provisions for liabilities
  

Deferred tax
 8 
(3,461,149)
(3,221,935)

  
 
 
(3,461,149)
 
 
(3,221,935)

Net assets
  
30,733,039
30,108,544


Capital and reserves
  

Called up share capital 
  
500
500

Profit and loss account
  
30,732,539
30,108,044

  
30,733,039
30,108,544


Page 1

 
Yode PSC Limited - Registered number: 07462931

Statement of Financial Position (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 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 10 September 2024.




H A Elmasry
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
Yode PSC Limited

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

1.


General information

Yode PSC Limited ('the Company') is a private company limited by shares, registered in England, registration number 07462931. The address of the principal place of business and registered office is Level 1, 10 Portman Square, London, W1H 6AZ.

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

The director has assessed the company's ability to continue to adopt the going concern basis of accounting and consider this an appropriate basis upon which to prepare the financial statements, having considered a period of at least 12 months from the date of signing the accounts.

 
2.3

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 Comprehensive Income within 'foreign exchange gain/(loss)'. All other foreign exchange gains and losses are presented in profit or loss within 'foreign exchange gain/(loss)'.

Page 3

 
Yode PSC Limited

Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year 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

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 Comprehensive Income 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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

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.

 
2.8

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 4

 
Yode PSC Limited

Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.9

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, and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Investments in non-derivative instruments that are equity to the issuer are measured:
• at fair value with changes recognised in the Statement of Comprehensive Income if the shares are
publicly traded or their fair value can otherwise be measured reliably;
• at cost less impairment for all other investments.
 


3.


Employees

The Company has no employees other than the director, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 5

 
Yode PSC Limited

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

4.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 January 2023
34,798,000
873,267
35,671,267


Additions
3,114,934
-
3,114,934


Disposals
(3,197,361)
(873,267)
(4,070,628)



At 31 December 2023

34,715,573
-
34,715,573



Impairment


At 1 January 2023
2,135,898
-
2,135,898


Revaluations
(956,858)
-
(956,858)



At 31 December 2023

1,179,040
-
1,179,040



Net book value



At 31 December 2023
33,536,533
-
33,536,533



At 31 December 2022
32,662,102
873,267
33,535,369

Page 6

 
Yode PSC Limited

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

5.


Debtors

2023
2022
£
£


Other debtors
500
500

500
500



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank
666,245
16,652

666,245
16,652



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
462
420

Corporation tax
-
213,474

Accruals
8,628
8,148

9,090
222,042



8.


Deferred taxation




2023


£






At beginning of year
(3,221,935)


Charged to profit or loss
(239,214)



At end of year
(3,461,149)

Page 7

 
Yode PSC Limited

 
Notes to the Financial Statements
For the Year Ended 31 December 2023
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(3,461,149)
(3,221,935)

(3,461,149)
(3,221,935)


9.


Controlling party

The ultimate controlling party is H A Elmasry.

Page 8