Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-31falsefalsetrue2023-01-01No description of principal activity22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10348171 2023-01-01 2023-12-31 10348171 2022-01-01 2022-12-31 10348171 2023-12-31 10348171 2022-12-31 10348171 c:Director1 2023-01-01 2023-12-31 10348171 c:Director2 2023-01-01 2023-12-31 10348171 c:RegisteredOffice 2023-01-01 2023-12-31 10348171 d:FurnitureFittings 2023-01-01 2023-12-31 10348171 d:FurnitureFittings 2023-12-31 10348171 d:FurnitureFittings 2022-12-31 10348171 d:CurrentFinancialInstruments 2023-12-31 10348171 d:CurrentFinancialInstruments 2022-12-31 10348171 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10348171 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10348171 d:ShareCapital 2023-12-31 10348171 d:ShareCapital 2022-12-31 10348171 d:OtherMiscellaneousReserve 2023-01-01 2023-12-31 10348171 d:OtherMiscellaneousReserve 2023-12-31 10348171 d:OtherMiscellaneousReserve 2022-12-31 10348171 d:RetainedEarningsAccumulatedLosses 2023-12-31 10348171 d:RetainedEarningsAccumulatedLosses 2022-12-31 10348171 c:OrdinaryShareClass1 2023-01-01 2023-12-31 10348171 c:OrdinaryShareClass1 2023-12-31 10348171 c:OrdinaryShareClass1 2022-12-31 10348171 c:FRS102 2023-01-01 2023-12-31 10348171 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10348171 c:FullAccounts 2023-01-01 2023-12-31 10348171 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10348171 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10348171










LINKSHADOW LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




















 
LINKSHADOW LIMITED
 
 
Company Information


Directors
M Nimer 
N Othman 




Registered number
10348171



Registered office
3rd Floor
12 Gough Square

London

EC4A 3DW




Accountants
Sayers Butterworth LLP
Chartered Accountants

3rd Floor

12 Gough Square

London

EC4A 3DW





 
LINKSHADOW LIMITED
Registered number: 10348171

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
-
9,042

Bank and cash balances
  
34,344
28,785

  
34,344
37,827

Creditors: amounts falling due within one year
 6 
(60,420)
(102,059)

Net current liabilities
  
 
 
(26,076)
 
 
(64,232)

Total assets less current liabilities
  
(26,076)
(64,232)

  

Net liabilities
  
(26,076)
(64,232)


Capital and reserves
  

Called up share capital 
 7 
100
100

Capital contribution reserve
 8 
1,443,850
1,443,850

Profit and loss account
 8 
(1,470,026)
(1,508,182)

  
(26,076)
(64,232)


Page 1

 
LINKSHADOW LIMITED
Registered number: 10348171
    
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 year 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 on 24 September 2024.




M Nimer
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
LINKSHADOW LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

Linkshadow Limited is a private limited company, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is 3rd Floor, 12 Gough Square, London, EC4A 3DW.

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 accounts have been prepared by the directors under the going concern basis despite an excess of total liabilities over total assets. The directors consider this appropriate as Linkshadow DMCC, a related entity, has confirmed that it will provide the company with whatever financial support may be necessary in order to enable Linkshadow Limited to meet its liabilities and commitments as they fall due within the foreseeable future.

 
2.3

Turnover

The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax.
Being a distributor, turnover in respect of Hardware, Software and Support is recognised when the product is delivered or the service contract is entered into.

 
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

 
LINKSHADOW LIMITED
 
 
 
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:


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

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.

 
2.6

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.

 
2.7

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 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.


 

Page 4

 
LINKSHADOW LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans 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.

Page 5

 
LINKSHADOW LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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'.

Page 6

 
LINKSHADOW LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.10

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 7

 
LINKSHADOW LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 December 2023

4.


Tangible fixed assets





Computer equipment

£





At 1 January 2023
3,819


Disposals
(3,819)



At 31 December 2023

-





At 1 January 2023
3,819


Disposals
(3,819)



At 31 December 2023

-



Net book value



At 31 December 2023
-



At 31 December 2022
-


5.


Debtors

2023
2022
£
£


Other debtors
-
9,042

-
9,042



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
60,420
102,059

60,420
102,059


Page 8

 
LINKSHADOW LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 December 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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



8.


Reserves

Capital contribution reserve

The capital contribution reserve represents contributions made by entities under common control.


9.


Related party transactions

During the year, the directors made an interest free loan, repayable on demand to the company of £53,873 (2022: £53,873).

 
Page 9