Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false1false2023-01-01The principal activity of the company is that of commercial representation services. The address of registered office is given in the company's information page of these financial statements.1 03179604 2023-01-01 2023-12-31 03179604 2022-01-01 2022-12-31 03179604 2023-12-31 03179604 2022-12-31 03179604 c:Director1 2023-01-01 2023-12-31 03179604 d:CurrentFinancialInstruments 2023-12-31 03179604 d:CurrentFinancialInstruments 2022-12-31 03179604 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03179604 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03179604 d:ShareCapital 2023-12-31 03179604 d:ShareCapital 2022-12-31 03179604 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 03179604 d:RetainedEarningsAccumulatedLosses 2023-12-31 03179604 d:RetainedEarningsAccumulatedLosses 2022-12-31 03179604 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03179604 c:OrdinaryShareClass1 2023-12-31 03179604 c:OrdinaryShareClass1 2022-12-31 03179604 c:FRS101 2023-01-01 2023-12-31 03179604 c:Audited 2023-01-01 2023-12-31 03179604 c:FullAccounts 2023-01-01 2023-12-31 03179604 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03179604 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03179604










ORKLI (UK) LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ORKLI (UK) LIMITED
REGISTERED NUMBER: 03179604

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
252,105
243,875

  
252,105
243,875

Creditors: amounts falling due within one year
 5 
(4,985)
(5,723)

Net current assets
  
 
 
247,120
 
 
238,152

Total assets less current liabilities
  
247,120
238,152

  

Net assets
  
247,120
238,152


Capital and reserves
  

Called up share capital 
 6 
20,000
20,000

Profit and loss account
 7 
227,120
218,152

  
247,120
238,152


The Company's financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

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 25 September 2024.




................................................
M Jesus Zabaleta
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ORKLI (UK) LIMITED
 

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

1.


General information

Orkli (UK) Limited is incorporated in England and Wales and limited by shares. The principal activity of the company is that of commercial representation services. The address of registered office is given in the company's information page of these financial statements.

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 101 'Reduced Disclosure Framework'  and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company
and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is a wholly owned subsidiary company, operating under the control of its parent company.  Since the balance sheet date, the company’s sole employee has gone on retirement  and the Board of the Parent company are now determining whether the company continues operating.
At the date of signing these accounts no decision  has been made and therefore the company’s ability to trade as a going concern for the next twelve months is uncertain.

 
2.3

Turnover

Turnover from rendering services is recognised when the outcome of a transaction can be estimated
reliably. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of expenses recognised that are recoverable.

 
2.4

Debtors

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

 
2.5

Creditors

Short term creditors are measured at the transaction price.

Page 2

 
ORKLI (UK) LIMITED
 

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

2.Accounting policies (continued)

 
2.6

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 Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.


3.


Employees

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


Page 3

 
ORKLI (UK) LIMITED
 

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

4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
221,995
214,065

Other debtors
28,887
28,587

Prepayments and accrued income
1,223
1,223

252,105
243,875



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
100

Other taxation and social security
128
766

Other creditors
167
167

Accruals and deferred income
4,690
4,690

4,985
5,723



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



20,000 (2022 - 20,000) Ordinary shares of £1.00 each
20,000
20,000



7.


Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses less any adjustments.

Page 4

 
ORKLI (UK) LIMITED
 

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

8.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments under non-cancellable
operating leases as follows:


2023
2022
£
£


Not later than 1 year
2,533
4,342

Later than 1 year and not later than 5 years
-
362

2,533
4,704


9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,363 (2022 - £2,363) for the year ended 31 December 2023.


10.


Related party transactions

During the year the company raised sales of £52,100 (2022 - £50,000) to Orkli S Coop,  its parent company. The balance due from Orkli S Coop at the year end was £221,995 (2022 - £214,065).


11.


Ultimate parent undertaking and controlling party

The company's ultimate parent company undertaking is Orkli S Coop, a company incorporated in Spain.


12.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2023 was unqualified.

In their report, the auditor emphasised the following matter without qualifying their report:
Note 2.2 in the financial statements, which indicates that conditions identified that may cast significant doubt on the Company's ability to continue as a going concern. As stated in note 2.2, these events orconditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Their opinion is not modified in respect of this matter.

The audit report was signed on 25 September 2024 by Philip Munk FCA, FCCA (Senior Statutory Auditor) on behalf of TWP Accounting LLP.

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. The audit work has been undertaken so that Auditors' might state to the company’s members those matters the Auditors' are required to state in an auditor’s report and for no other purpose. To the fullest extent permitted by law, TWP Accounting LLP will not accept or assume responsibility to anyone other than the company and the company’s members as a body, for the audit work, for the Independent Auditors' Report, or for the opinions formed.


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