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Company Registration Number 06386421























PRINZEN UK LIMITED





UNAUDITED
FINANCIAL STATEMENTS





 30 DECEMBER 2023

























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PRINZEN UK LIMITED
REGISTERED NUMBER: 06386421

STATEMENT OF FINANCIAL POSITION
AS AT 30 DECEMBER 2023

2023
2022
Note
£
£

  

  

Creditors: amounts falling due within one year
 3 
(75,939)
(75,939)

Net current liabilities
  
 
 
(75,939)
 
 
(75,939)

Total assets less current liabilities
  
(75,939)
(75,939)

  

Net liabilities
  
(75,939)
(75,939)


Capital and reserves
  

Called up share capital 
 4 
1,000
1,000

Profit and loss account
  
(76,939)
(76,939)

  
(75,939)
(75,939)


For the year ended 30 December 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 his 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 income statement 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: 




Dr L R Furlong
Director

Date: 26 September 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
PRINZEN UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

1.


General information

The company is a private company limited by shares, incorporated in England and Wales.  It's registered office address is York House, Thornfield Business Park, Northallerton, North Yorkshire, DL6 2XQ.
The principal activity of the company is the supply and installation of egg handling equipment.
These financial statements have been presented in Pound Sterling as this is the currency of the primary
economic environment in which the company operates.
The company ceased trading on 31 December 2022 and remained dormant throughout the period to 31 December 2023.

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.

 
2.2

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.

 
2.3

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.

 
2.4

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 present value of the future cash flows 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
Page 2

 
PRINZEN UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

2.Accounting policies (continued)


2.4
Financial instruments (continued)

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.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of income and retained earnings if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.


3.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
70,909

Other creditors
75,939
5,030

75,939
75,939



4.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



340 (2022 - 340) Ordinary A shares of £1.00 each
340
340
510 (2022 - 510) Ordinary B shares of £1.00 each
510
510
150 (2022 - 150) Ordinary C shares of £1.00 each
150
150

1,000

1,000



5.


Related party transactions

The Company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with related parties which are on an arms length basis.


Page 3