Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12525666 2023-01-01 2023-12-31 12525666 2022-01-01 2022-12-31 12525666 2023-12-31 12525666 2022-12-31 12525666 c:Director3 2023-01-01 2023-12-31 12525666 d:CurrentFinancialInstruments 2023-12-31 12525666 d:CurrentFinancialInstruments 2022-12-31 12525666 d:Non-currentFinancialInstruments 2023-12-31 12525666 d:Non-currentFinancialInstruments 2022-12-31 12525666 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12525666 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12525666 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12525666 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12525666 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 12525666 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 12525666 d:ShareCapital 2023-12-31 12525666 d:ShareCapital 2022-12-31 12525666 d:RetainedEarningsAccumulatedLosses 2023-12-31 12525666 d:RetainedEarningsAccumulatedLosses 2022-12-31 12525666 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12525666 c:OrdinaryShareClass1 2023-12-31 12525666 c:OrdinaryShareClass1 2022-12-31 12525666 c:FRS102 2023-01-01 2023-12-31 12525666 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12525666 c:FullAccounts 2023-01-01 2023-12-31 12525666 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12525666 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12525666









JULY SIXTEENTH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
JULY SIXTEENTH LIMITED
REGISTERED NUMBER: 12525666

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2,937,865
2,958,819

Cash at bank and in hand
 5 
7,264
-

  
2,945,129
2,958,819

Creditors: amounts falling due within one year
 6 
(3,420)
(3,327)

Net current assets
  
 
 
2,941,709
 
 
2,955,492

Total assets less current liabilities
  
2,941,709
2,955,492

Creditors: amounts falling due after more than one year
 7 
(2,973,750)
(2,973,750)

  

Net liabilities
  
(32,041)
(18,258)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(32,042)
(18,259)

  
(32,041)
(18,258)


Page 1

 
JULY SIXTEENTH LIMITED
REGISTERED NUMBER: 12525666
    
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 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 by: 




A Kissin
Director

Date: 20 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JULY SIXTEENTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

July Sixteenth Limited is a private company, limited by shares, domiciled in England and Wales,
registration number 12525666. The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the directors have obtained assurances from its immediate and ultimate parent company to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
 
Accordingly the directors have continued to prepare the financial statements on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
JULY SIXTEENTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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.


3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
2,927,464
2,943,050

Prepayments and accrued income
10,401
15,769

2,937,865
2,958,819


Page 4

 
JULY SIXTEENTH 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
7,264
-

Less: bank overdrafts
-
(27)

7,264
(27)



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
27

Accruals and deferred income
3,420
3,300

3,420
3,327



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
2,973,750
2,973,750

2,973,750
2,973,750



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£



Amounts falling due 2-5 years

Bank loans
2,973,750
2,973,750


2,973,750
2,973,750


2,973,750
2,973,750


Page 5

 
JULY SIXTEENTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



10.


Controlling party

The ultimate controlling party is Arigato Limited, a company incorporated in England and Wales.

 
Page 6