Caseware UK (AP4) 2023.0.135 2023.0.135 02023-01-01falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0falsetrue 05412267 2023-01-01 2023-12-31 05412267 2022-01-01 2022-12-31 05412267 2023-12-31 05412267 2022-12-31 05412267 c:Director1 2023-01-01 2023-12-31 05412267 d:Buildings 2023-01-01 2023-12-31 05412267 d:Buildings 2023-12-31 05412267 d:Buildings 2022-12-31 05412267 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05412267 d:OfficeEquipment 2023-01-01 2023-12-31 05412267 d:OfficeEquipment 2023-12-31 05412267 d:OfficeEquipment 2022-12-31 05412267 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05412267 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05412267 d:CurrentFinancialInstruments 2023-12-31 05412267 d:CurrentFinancialInstruments 2022-12-31 05412267 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05412267 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05412267 d:ShareCapital 2023-12-31 05412267 d:ShareCapital 2022-12-31 05412267 d:RevaluationReserve 2023-12-31 05412267 d:RevaluationReserve 2022-12-31 05412267 d:RetainedEarningsAccumulatedLosses 2023-12-31 05412267 d:RetainedEarningsAccumulatedLosses 2022-12-31 05412267 c:FRS102 2023-01-01 2023-12-31 05412267 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05412267 c:FullAccounts 2023-01-01 2023-12-31 05412267 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05412267 5 2023-01-01 2023-12-31 05412267 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 05412267











JUHA Limited
Financial statements
Information for filing with the registrar
For the Year Ended 31 December 2023

















Coveney Nicholls Limited
Chartered Accountants & Statutory Auditor
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD

 
JUHA LTD
Registered number:05412267

Balance Sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
50,092
50,125

Investments
 5 
990
990

  
51,082
51,115

Current assets
  

Debtors: amounts falling due within one year
 6 
3,689
3,707

Cash at bank and in hand
 7 
23,507
23,831

  
27,196
27,538

Creditors: amounts falling due within one year
 8 
(48,636)
(44,572)

Net current liabilities
  
 
 
(21,440)
 
 
(17,034)

Total assets less current liabilities
  
29,642
34,081

  

Net assets
  
29,642
34,081


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
5,000
5,000

Profit and loss account
  
24,542
28,981

  
29,642
34,081


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 24 September 2024.


Page 1

 
JUHA LTD
Registered number:05412267
    
Balance Sheet (continued)
As at 31 December 2023



Juha Dieter Holopainen
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
JUHA LTD
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Wheel House, 31-37 Church Street, Reigate, Surrey, RH2 0AH. 

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

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 Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
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:

 
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.

Page 3

 
JUHA LTD
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
Office 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

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Valuation of investments

 
2.7

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.

 
2.8

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.

 
2.9

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

 
JUHA LTD
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.10

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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.


3.


Employees

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

Page 5

 
JUHA LTD
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

4.


Tangible fixed assets





Freehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
50,000
130
50,130



At 31 December 2023

50,000
130
50,130



Depreciation


At 1 January 2023
-
5
5


Charge for the year on owned assets
-
33
33



At 31 December 2023

-
38
38



Net book value



At 31 December 2023
50,000
92
50,092



At 31 December 2022
50,000
125
50,125


5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 January 2023
990



At 31 December 2023
990





6.


Debtors

2023
2022
£
£


Trade debtors
3,098
3,098

Other debtors
591
609
Page 6

 
JUHA LTD
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

6.Debtors (continued)


3,689
3,707



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
23,507
23,831

23,507
23,831



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
724
724

Amounts owed to group undertakings
47,011
42,973

Accruals and deferred income
901
875

48,636
44,572



9.


Related party transactions

The company was under the control of Mr Holopainen throughout the current and previous year. Mr Holopainen is the managing director and majority shareholder.
 Juha.co.uk Paid expenses of £3,889 (2022: £6,449) on behalf of Juha Ltd and was charged rent of £4,800 (£5,120). The company owed £47,011 (2022: £43,337) at 31 December 2023.
 No transactions with related parties were undertaken such as are required to be disclosed under the FRS 102.

 
Page 7