Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04284322 2023-01-01 2023-12-31 04284322 2022-01-01 2022-12-31 04284322 2023-12-31 04284322 2022-12-31 04284322 1 2023-01-01 2023-12-31 04284322 d:Director1 2023-01-01 2023-12-31 04284322 c:PlantMachinery 2023-01-01 2023-12-31 04284322 c:PlantMachinery 2023-12-31 04284322 c:PlantMachinery 2022-12-31 04284322 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04284322 c:MotorVehicles 2023-01-01 2023-12-31 04284322 c:FurnitureFittings 2023-01-01 2023-12-31 04284322 c:FurnitureFittings 2023-12-31 04284322 c:FurnitureFittings 2022-12-31 04284322 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04284322 c:OfficeEquipment 2023-01-01 2023-12-31 04284322 c:OfficeEquipment 2023-12-31 04284322 c:OfficeEquipment 2022-12-31 04284322 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04284322 c:ComputerEquipment 2023-01-01 2023-12-31 04284322 c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04284322 c:CurrentFinancialInstruments 2023-12-31 04284322 c:CurrentFinancialInstruments 2022-12-31 04284322 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 04284322 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 04284322 c:ShareCapital 2023-12-31 04284322 c:ShareCapital 2022-12-31 04284322 c:RetainedEarningsAccumulatedLosses 2023-12-31 04284322 c:RetainedEarningsAccumulatedLosses 2022-12-31 04284322 d:FRS102 2023-01-01 2023-12-31 04284322 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04284322 d:FullAccounts 2023-01-01 2023-12-31 04284322 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04284322 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04284322









8723 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
8723 LIMITED
REGISTERED NUMBER: 04284322

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,276
7,296

  
5,276
7,296

Current assets
  

Debtors: amounts falling due within one year
 5 
337
337

Cash at bank and in hand
  
1,745
4,571

  
2,082
4,908

Creditors: amounts falling due within one year
 6 
(192,567)
(179,972)

Net current liabilities
  
 
 
(190,485)
 
 
(175,064)

Total assets less current liabilities
  
(185,209)
(167,768)

Net liabilities
  
(185,209)
(167,768)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(185,309)
(167,868)

Total deficit
  
(185,209)
(167,768)


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 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 on 23 September 2024.




Page 1

 
8723 LIMITED
REGISTERED NUMBER: 04284322
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

Nicholas Harry Jacobs
Director

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

Page 2

 
8723 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

8723 Limited ("the Company") is a limited company domiciled and incorporated in England and Wales. The Company's registered office address is provided on the company information page.

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 financial statements have been prepared on a going concern basis.
After a review of the business by the director it was concluded that despite the illiquid position of the financial statements, the majority of its liabilities are to related parties. With agreement of these related parties there will be continued support of the Company and as such there is reasonable expectation to continue in operational existence for the forseeable future and accordingly the Company continues to adopt the going concern basis.

 
2.3

Taxation

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 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 3

 
8723 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
25%
Fixtures and fittings
-
33%
Equipment
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

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.

 
2.6

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.

 
2.7

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

 
8723 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. 
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.


3.


Employees

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


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Equipment
Total

£
£
£
£



Cost  


At 1 January 2023
18,851
99,039
139,870
257,760



At 31 December 2023

18,851
99,039
139,870
257,760



Depreciation


At 1 January 2023
18,696
96,599
135,169
250,464


Charge for the year 
39
805
1,176
2,020



At 31 December 2023

18,735
97,404
136,345
252,484



Net book value



At 31 December 2023
116
1,635
3,525
5,276



At 31 December 2022
155
2,440
4,701
7,296

Page 5

 
8723 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors: amounts falling due within one year

2023
2022
£
£

Other debtors
337
337

337
337



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
9,020
7,556

Other taxation and social security
3,017
2,435

Other creditors
139,689
130,190

Accruals and deferred income
40,841
39,791

192,567
179,972



7.


Related party transactions

At 31 December 2023, included in other creditors is a balance due to Rowan Management Company Services Limited of £2,270 (2022: £2,270). N H Jacobs is the ultimate controlling party of Rowan Management Company Services Limited.
At 31 December 2023, included in other creditors is £43,033 (2022: £30,744) owed to Rowan Strategic Asset Management Ltd a company under the control of N H Jacobs.
At 31 December 2023, included in other creditors is an amount of £94,378 (2022: £94,378) owed to N H Jacobs, the director of the Company.


8.


Controlling party

The Company is under the ultimate control of N H Jacobs, by virtue of his majority shareholding in the Company's immediate parent, Post End 11 Limited.


9.


Events after the reporting date

There were no significant events subsequent to the year end to report.

Page 6