Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-0111falsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13036736 2023-01-01 2023-12-31 13036736 2022-01-01 2022-12-31 13036736 2023-12-31 13036736 2022-12-31 13036736 c:Director1 2023-01-01 2023-12-31 13036736 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 13036736 d:FurnitureFittings 2023-01-01 2023-12-31 13036736 d:ComputerEquipment 2023-01-01 2023-12-31 13036736 d:CurrentFinancialInstruments 2023-12-31 13036736 d:CurrentFinancialInstruments 2022-12-31 13036736 d:Non-currentFinancialInstruments 2023-12-31 13036736 d:Non-currentFinancialInstruments 2022-12-31 13036736 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13036736 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13036736 d:ShareCapital 2023-12-31 13036736 d:ShareCapital 2022-12-31 13036736 d:RetainedEarningsAccumulatedLosses 2023-12-31 13036736 d:RetainedEarningsAccumulatedLosses 2022-12-31 13036736 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13036736 c:OrdinaryShareClass1 2023-12-31 13036736 c:OrdinaryShareClass1 2022-12-31 13036736 c:FRS102 2023-01-01 2023-12-31 13036736 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13036736 c:FullAccounts 2023-01-01 2023-12-31 13036736 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13036736 d:WithinOneYear 2023-12-31 13036736 d:WithinOneYear 2022-12-31 13036736 d:BetweenOneFiveYears 2023-12-31 13036736 d:BetweenOneFiveYears 2022-12-31 13036736 d:MoreThanFiveYears 2023-12-31 13036736 d:MoreThanFiveYears 2022-12-31 13036736 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13036736









TKRC AIR LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
TKRC AIR LIMITED
REGISTERED NUMBER: 13036736

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
162,370
7,005

Current assets
  

Debtors: amounts falling due after more than one year
 5 
21,000
-

Debtors: amounts falling due within one year
 5 
29,555
442

Bank and cash balances
  
9,925
9,060

  
60,480
9,502

Creditors: amounts falling due within one year
 6 
(354,878)
(120,750)

Net current liabilities
  
 
 
(294,398)
 
 
(111,248)

Net liabilities
  
(132,028)
(104,243)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(132,128)
(104,343)

  
(132,028)
(104,243)


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 her 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: 


P Saha
Director

Date: 24 September 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
TKRC AIR LIMITED
 

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

1.


General information

TKRC Air Limited is a private company, limited by shares, and incorporated in England and Wales. The address of its registered office is 24 Poland Street, London, W1F 8QL.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operation for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements. The parent undertaking, The Kati Roll Company Limited, who is the company's major creditor, has confirmed that it will continue to maintain its financial support of the company, by deferment of the amounts due to it or by other means.
The director is therefore satisfied that the company will have sufficient resources to enable it to continue normal trading operations for the foreseeable future, and that it is therefore appropriate to prepare the financial statements on a 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 2

 
TKRC AIR LIMITED
 

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

2.Accounting policies (continued)

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.

 
2.6

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, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
over period of lease
Fixtures and fittings
-
10%
straight-line
Computer equipment
-
25%
straight-line

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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, 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. 


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 3

 
TKRC AIR LIMITED
 

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

4.


Tangible fixed assets





Leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost


At 1 January 2023
-
7,854
1,214
9,068


Additions
137,577
19,925
1,279
158,781



At 31 December 2023

137,577
27,779
2,493
167,849



Depreciation


At 1 January 2023
-
1,518
545
2,063


Charge for the year on owned assets
2,096
969
351
3,416



At 31 December 2023

2,096
2,487
896
5,479



Net book value



At 31 December 2023
135,481
25,292
1,597
162,370



At 31 December 2022
-
6,336
669
7,005

Page 4

 
TKRC AIR LIMITED
 

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

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
21,000
-


2023
2022
£
£

Due within one year

Trade debtors
680
-

Other debtors
18,216
442

Prepayments and accrued income
10,659
-

29,555
442



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,321
-

Amounts owed to group undertakings
343,415
118,000

Accruals and deferred income
5,142
2,750

354,878
120,750



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


Page 5

 
TKRC AIR LIMITED
 

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

8.


Contingent liabilities

The company is a member of a VAT group of companies. It is thereby jointly and severally liable for any VAT liabilities incurred by members of the group.  As at 31 December 2023 the extent of this liability was £102,081.


9.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
32,667
-

Later than 1 year and not later than 5 years
163,333
-

Later than 5 years
261,333
-

457,333
-


10.


Related party transactions

The company has taken advantage of the exemption afforded by FRS102 not to disclose transactions or
balances with other wholly owned members of the group.


11.


Controlling party

The immediate parent company is The Kati Roll Company Limited, a company incorporated in England and Wales. The address of its registered office is 24 Poland Street, London, W1F Q8L.
The ultimate parent company is The Katiroll Company Inc., a company incorporated in the United States of America. The address of its registered office is 222 West 37th Street, 14th Floor, New York, NY10018, United States of America.


Page 6