Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseHoldcofalsefalse6true2023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.7 12977007 2022-12-31 12977007 2023-01-01 2023-12-31 12977007 2022-01-01 2022-06-30 12977007 2023-12-31 12977007 2022-06-30 12977007 c:Director2 2023-01-01 2023-12-31 12977007 d:CurrentFinancialInstruments 2023-12-31 12977007 d:CurrentFinancialInstruments 2022-06-30 12977007 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12977007 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12977007 d:ShareCapital 2023-12-31 12977007 d:ShareCapital 2022-06-30 12977007 d:RetainedEarningsAccumulatedLosses 2023-12-31 12977007 d:RetainedEarningsAccumulatedLosses 2022-06-30 12977007 c:FRS102 2023-01-01 2023-12-31 12977007 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12977007 c:FullAccounts 2023-01-01 2023-12-31 12977007 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12977007 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-01-01 2023-12-31 12977007 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-01-01 2022-06-30 12977007 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-06-30 12977007 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl d:InterestExpenseTransactions 2023-01-01 2023-12-31 12977007 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl d:InterestExpenseTransactions 2022-01-01 2022-06-30 12977007 2 2023-01-01 2023-12-31 12977007 6 2023-01-01 2023-12-31 12977007 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12977007










THREESIXTY HOLDCO 4 LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
THREESIXTY HOLDCO 4 LIMITED
REGISTERED NUMBER: 12977007

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
  
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
-
1,250,000

Cash at bank and in hand
  
1,002,281
48,359

Current liaibilties
  
1,002,281
1,298,359

Creditors: amounts falling due within one year
 6 
(69,088)
(630,674)

Net current assets
  
 
 
933,193
 
 
667,685

Total assets less current liabilities
  
933,194
667,686

  

Net assets
  
933,194
667,686


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
933,094
667,586

  
933,194
667,686


Page 1

 
THREESIXTY HOLDCO 4 LIMITED
REGISTERED NUMBER: 12977007
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 profit and loss account 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: 




................................................
S Ling
Director

Date: 25 September 2024

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

Page 2

 
THREESIXTY HOLDCO 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Threesixty Investco 4 Limited is a private company limited by shares and registered in England and Wales, registered number 12977007 . Its registered head office is located at Technocover Ltd, Henfaes Lane, Welshpool, Powys, Wales, SY21 7BE.
The principal activity of the Company during the year continued to be that of a 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 Company's functional and presentational currency is GBP.

The following principal accounting policies have been applied:

  
2.2

Lengthed accounting period

In order to enact a group restructure, the current year was lengthend to be a 18 month period ending 31 December 2023. The prior period relates to the 6 months to 30 June 2022. 

 
2.3

Exemption from preparing consolidated financial statements

The Company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts.  These financial statements therefore present information about the Company as an individual undertaking and not about its group.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to The Profit and Loss Account 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.

 
2.6

Borrowing costs

All borrowing costs are recognised in The Profit and Loss Account in the period in which they are incurred.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
THREESIXTY HOLDCO 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. 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.

 
2.10

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price, net of transaction cost, and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
 
Page 4

 
THREESIXTY HOLDCO 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.. 


3.


Employees




The average monthly number of employees, including directors, during the period was 6 (2022 - 7).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1



At 31 December 2023
1





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
1,250,000

-
1,250,000


Page 5

 
THREESIXTY HOLDCO 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
-
600,007

Other creditors
-
427

Accruals and deferred income
69,088
30,240

69,088
630,674



7.


Related party transactions

The Company has taken advantage of the exemptions under Section 1A of Financial Reporting Standard 102 from requirement to disclose transactions with members of the group, provided that any subsidiary which is party to the transaction is a wholly-owned member of the group.
During the period the company had a number of loans from the directors. The amount loaned in the period totalled £Nil (June 2022 - £115,098), repayments of £395,961 (June 2022 - £45,455) made during the period and the balance payable included in other loans at the period end was £Nil (June 2022 - £395,461). Interest has been accrued on these loans during the period totalling £25,588 (June 2022 - £11). 
No other transaction with related parties were undertaken which are required to be disclosed under Section 1A of Financial Reporting Standard 102.






 
Page 6