Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30An investment holding company2022-10-01falsetrue33true 01604417 2022-10-01 2023-09-30 01604417 2021-10-01 2022-09-30 01604417 2023-09-30 01604417 2022-09-30 01604417 c:Director3 2022-10-01 2023-09-30 01604417 d:CurrentFinancialInstruments 2023-09-30 01604417 d:CurrentFinancialInstruments 2022-09-30 01604417 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01604417 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 01604417 d:ShareCapital 2023-09-30 01604417 d:ShareCapital 2022-09-30 01604417 d:SharePremium 2023-09-30 01604417 d:SharePremium 2022-09-30 01604417 d:RetainedEarningsAccumulatedLosses 2023-09-30 01604417 d:RetainedEarningsAccumulatedLosses 2022-09-30 01604417 c:FRS102 2022-10-01 2023-09-30 01604417 c:Audited 2022-10-01 2023-09-30 01604417 c:FullAccounts 2022-10-01 2023-09-30 01604417 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 01604417 c:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 01604417 6 2022-10-01 2023-09-30 01604417 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 01604417










A.S. HOLDINGS (UK) LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
A.S. HOLDINGS (UK) LIMITED
REGISTERED NUMBER: 01604417

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
4,307,424
4,307,424

  
4,307,424
4,307,424

Current assets
  

Debtors: amounts falling due within one year
 5 
433
-

Cash at bank and in hand
 6 
8,687
19,788

  
9,120
19,788

Creditors: amounts falling due within one year
 7 
(12,048)
(7,659)

Net current (liabilities)/assets
  
 
 
(2,928)
 
 
12,129

Total assets less current liabilities
  
4,304,496
4,319,553

  

Net assets
  
4,304,496
4,319,553


Capital and reserves
  

Called up share capital 
  
3,156,993
3,156,993

Share premium account
  
1,134,979
1,134,979

Profit and loss account
  
12,524
27,581

  
4,304,496
4,319,553


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: 



................................................
W H Wu
Director
Date: 24 September 2024

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

Page 1

 
A.S. HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

A. S. Holdings (UK) Limited is a limited liability company registered in England and Wales, registration number 01604417. The registered office and principal place of business is 14th Floor, 33 Cavendish Square, London, W1G 0PW. The principal activity of the company is that of an investment holding 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 accounts.

 
2.3

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.

 
2.4

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.

Page 2

 
A.S. HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Valuation of investment

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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. 

 
2.8

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.

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 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, most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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
Page 3

 
A.S. HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables 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.

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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
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.

 
2.10

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

 
A.S. HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2022
4,307,424



At 30 September 2023
4,307,424






Net book value



At 30 September 2023
4,307,424



At 30 September 2022
4,307,424


5.


Debtors

2023
2022
£
£


Other debtors
433
-

433
-



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
8,687
19,788

8,687
19,788


Page 5

 
A.S. HOLDINGS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,024
1,258

Corporation tax
-
6,401

Accruals and deferred income
6,024
-

12,048
7,659



8.


Related party transactions

The Company and group have taken advantage of the exemption available in FRS102 not to disclose transactions entered into between two or more members of a group, as the Company is a wholly owned subsidiary undertaking of the group to which it is a party to the transactions.


9.


Controlling party

The immediate parent company is Swanson International Limited, a company incorporated in the Cayman Islands. The ultimate parent company is Swanson Plastics Corporation, a company registered in Taiwan, Republic of China.  
The only group in which the company's results are consolidated is that of Swanson Plastics Corporation. The consolidated accounts of Swanson Plastics Corporation are available for public inspection at their registered office at 8th Floor, No. 37 Ji-Hu Road, Nei-Hu Dist, Taipei 114, Taiwan, Republic of China


10.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2023 was unqualified.

The audit report was signed on 24 September 2024 by Chris Cheung FCCA (Senior statutory auditor) on behalf of Sumer Auditco Limited.

Page 6