Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalse2023-01-01holding company33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10795381 2023-01-01 2023-12-31 10795381 2022-01-01 2022-12-31 10795381 2023-12-31 10795381 2022-12-31 10795381 c:Director3 2023-01-01 2023-12-31 10795381 d:CurrentFinancialInstruments 2023-12-31 10795381 d:CurrentFinancialInstruments 2022-12-31 10795381 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10795381 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10795381 d:ShareCapital 2023-12-31 10795381 d:ShareCapital 2022-12-31 10795381 d:RetainedEarningsAccumulatedLosses 2023-12-31 10795381 d:RetainedEarningsAccumulatedLosses 2022-12-31 10795381 c:OrdinaryShareClass1 2023-01-01 2023-12-31 10795381 c:OrdinaryShareClass1 2023-12-31 10795381 c:OrdinaryShareClass2 2023-01-01 2023-12-31 10795381 c:OrdinaryShareClass2 2023-12-31 10795381 c:OrdinaryShareClass3 2023-01-01 2023-12-31 10795381 c:OrdinaryShareClass3 2023-12-31 10795381 c:FRS102 2023-01-01 2023-12-31 10795381 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10795381 c:FullAccounts 2023-01-01 2023-12-31 10795381 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10795381 d:Subsidiary1 2023-01-01 2023-12-31 10795381 d:Subsidiary1 1 2023-01-01 2023-12-31 10795381 6 2023-01-01 2023-12-31 10795381 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10795381










CORUSCANT ASSETS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CORUSCANT ASSETS LTD
 
  
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CORUSCANT ASSETS LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coruscant Assets Ltd for the year ended 31 December 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of directors of Coruscant Assets Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Coruscant Assets Ltd  and state those matters that we have agreed to state to the Board of directors of Coruscant Assets Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coruscant Assets Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Coruscant Assets Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Coruscant Assets Ltd. You consider that Coruscant Assets Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Coruscant Assets Ltd. 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.

  



Cydelta Ltd
Suite 1
1a St Johns Wood Park
London
NW8 6QS
21 September 2024
Page 1

 
CORUSCANT ASSETS LTD
REGISTERED NUMBER: 10795381

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
10,001
10,001

Current assets
  

Debtors: amounts falling due within one year
 5 
62,501
91,132

Cash at bank and in hand
  
1
1

  
62,502
91,133

Creditors: amounts falling due within one year
 6 
(1,260)
(1,260)

Net current assets
  
 
 
61,242
 
 
89,873

Total assets less current liabilities
  
71,243
99,874

  

Net assets
  
71,243
99,874


Capital and reserves
  

Called up share capital 
 7 
10,002
10,002

Profit and loss account
  
61,241
89,872

  
71,243
99,874


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 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: 



A Chavda
Director

Date: 21 September 2024

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

Page 2

 
CORUSCANT ASSETS LTD
 

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

1.


General information

Coruscant Assets Ltd is a private company, limited by shares, and incorporated in England and Wales. The address of its registered office is Suite 1, 1a St Johns Wood Park, London, NW8 6QS.
The financial statements are presented in Pound Sterling which is the functional currency of the company.

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

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated financial statements.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.5

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.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. 

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried
Page 3

 
CORUSCANT ASSETS LTD
 

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

2.Accounting policies (continued)


2.7
Financial instruments (continued)

at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 
CORUSCANT ASSETS LTD
 

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

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 January 2023
10,001



At 31 December 2023
10,001





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Principal activity

Class of shares

Holding

Tabora Ltd
England and Wales
Property investment
Ordinary
100%


5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
62,501
91,080

Prepayments and accrued income
-
52

62,501
91,132



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
1,260
1,260


Page 5

 
CORUSCANT ASSETS LTD
 

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

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



3,334 Oridnary A shares shares of £1 each
3,334
3,334
3,334 Ordinary B shares shares of £1 each
3,334
3,334
3,334 Ordinary C shares shares of £1 each
3,334
3,334

10,002

10,002



8.


Related party transactions

The company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with the other wholly owned members of the group.


Page 6