Caseware UK (AP4) 2023.0.135 2023.0.135 00false2023-01-01falseNo description of principal activity00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13686622 2023-01-01 2023-12-31 13686622 2021-10-18 2022-12-31 13686622 2023-12-31 13686622 2022-12-31 13686622 2021-10-18 13686622 c:Director1 2023-01-01 2023-12-31 13686622 c:Director2 2023-01-01 2023-12-31 13686622 c:Director3 2023-01-01 2023-12-31 13686622 c:Director3 2023-12-31 13686622 c:RegisteredOffice 2023-01-01 2023-12-31 13686622 d:CurrentFinancialInstruments 2023-12-31 13686622 d:CurrentFinancialInstruments 2022-12-31 13686622 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13686622 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13686622 d:ShareCapital 2023-01-01 2023-12-31 13686622 d:ShareCapital 2023-12-31 13686622 d:ShareCapital 2021-10-18 2022-12-31 13686622 d:ShareCapital 2022-12-31 13686622 d:ShareCapital 2021-10-18 13686622 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13686622 d:RetainedEarningsAccumulatedLosses 2023-12-31 13686622 d:RetainedEarningsAccumulatedLosses 2021-10-18 2022-12-31 13686622 d:RetainedEarningsAccumulatedLosses 2022-12-31 13686622 d:RetainedEarningsAccumulatedLosses 2021-10-18 13686622 c:FRS102 2023-01-01 2023-12-31 13686622 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13686622 c:FullAccounts 2023-01-01 2023-12-31 13686622 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13686622 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure


















Britannia Digital Holdings Limited























Unaudited

Directors' report and financial statements



For the year ended 31 December 2023



Registered number: 13686622

 
Britannia Digital Holdings Limited


Company Information


Directors
M J Bruce
J C Herrera 




Registered number
13686622



Registered office
Level 29, 52 Lime Street

London

EC3M 7AF




Accountant
Buzzacott LLP

130 Wood Street

London

EC2V 6DL





 
Britannia Digital Holdings Limited


Contents



Page
Directors' report
 
1
Accountant's report
 
2
Income statement
 
3
Statement of financial position
 
4
Statement of changes in equity
 
5 - 6
Notes to the financial statements
 
7 - 10

 
Britannia Digital Holdings Limited

 
Directors' report
For the year ended 31 December 2023

The directors present their report and the and the financial statements of Britannia Digital Holdings Limited ('the company') for the year ended 31 December 2023. The comparatives present information for the period from incorporation on 18 October 2021 to 31 December 2022.

Directors

The directors who served during the year were:

M J Bruce 
J C Herrera 
S Saracho De Oyarzabal (resigned on30 August 2023)

Results

The loss for the year, after taxation amounted to £ 156,760 (2022- Loss 16,089) 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 23 September 2024 and signed on its behalf by:
 





J C Herrera
Director
Page 1

 
Britannia Digital Holdings Limited

  
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Britannia Digital Holdings Limited for the year ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Britannia Digital Holdings Limited for the year ended 31 December 2023 which comprise the Income statement, the Statement of financial position, the Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW)I am subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Britannia Digital Holdings Limited, as a body, in accordance with the terms of my engagement letter dated 8 September 2023My work has been undertaken solely to prepare for your approval the financial statements of Britannia Digital Holdings Limited  and state those matters that I have agreed to state to the Board of directors of Britannia Digital Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Britannia Digital Holdings Limited and its Board of directors, as a body, for my work or for this report. 

It is your duty to ensure that Britannia Digital Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Britannia Digital Holdings Limited. You consider that Britannia Digital Holdings Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or review of the financial statements of Britannia Digital Holdings Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

  



Buzzacott LLP
130 Wood Street
London
EC2V 6DL
26 September 2024
Page 2

 
Britannia Digital Holdings Limited


Income statement
For the year ended 31 December 2023

Year ended 2023
Period ended 2022
£
£

  

Administrative expenses
  
(156,760)
(16,089)

Operating loss
  
(156,760)
(16,089)

Loss for the financial year
  
(156,760)
(16,089)

There was no other comprehensive income for the year ended 31 December 2023 or the period ended 31 December 2022.
The notes on pages 7 to 10 form part of these financial statements.
Page 3

 
Britannia Digital Holdings Limited - Registered number: 13686622

Statement of financial position
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
  
1,716,623
-

  
1,716,623
-

Current assets
  

Debtors
 5 
35,000
1

Cash at bank and in hand
  
16,488
374

  
51,488
375

Creditors: amounts falling due within one year
 7 
(1,890,959)
(16,463)

Net current liabilities
  
 
 
(1,839,471)
 
 
(16,088)

Total assets less current liabilities
  
(122,848)
(16,088)

  

Net liabilities
  
(122,848)
(16,088)


Capital and reserves
  

Called up share capital 
  
50,001
1

Profit and loss account
  
(172,849)
(16,089)

  
(122,848)
(16,088)


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 were approved and authorised for issue by the board and were signed on its behalf by:




J C Herrera
Director

Date: 23 September 2024

The notes on pages 7 to 10 form part of these financial statements.
Page 4

 
Britannia Digital Holdings Limited


Statement of changes in equity
For the year ended 31 December 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
1
(16,089)
(16,088)


Comprehensive income for the year

Loss for the year

-
(156,760)
(156,760)
Total comprehensive income for the year
-
(156,760)
(156,760)


Contributions by and distributions to owners

Shares issued during the year
50,000
-
50,000


Total transactions with owners
50,000
-
50,000


At 31 December 2023
50,001
(172,849)
(122,848)


The notes on pages 7 to 10 form part of these financial statements.

Page 5

 
Britannia Digital Holdings Limited


Statement of changes in equity
For the year ended 31 December 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2021
1
-
1


Comprehensive income for the period

Loss for the period

-
(16,089)
(16,089)
Total comprehensive income for the period
-
(16,089)
(16,089)


Total transactions with owners
-
-
-


At 31 December 2022
1
(16,089)
(16,088)


The notes on pages 7 to 10 form part of these financial statements.

Page 6

 
Britannia Digital Holdings Limited

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

1.


General information

Britannia Digital Holdings Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Level 29, 52 Lime Street, London, England, EC3M 7AF. The registered number is 1368662.

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. Within these accounting policies and in accordance with Section
1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic
of Ireland', ('FRS102') and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

During the period ended 31 December 2023, the company made a loss of £191,760 and at 31 December 2023 had net liabilities of £157,848. We have considered our expectations and intentions for the next twelve months and the availability of working capital and consider it appropriate to prepare the financial statements on a going concern basis. 

 
2.3

Foreign currency translation

                       Functional and presention 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.
All foreign exchange gains and losses are presented in profit or loss within 'administrative expenses'.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 7

 
Britannia Digital Holdings Limited

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

2.Accounting policies (continued)

 
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

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.

 
2.8

Financial instruments

The company only enters into transactions that result in the recognition of basic financial instruments like
trade and other debtors and creditors.
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.
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.


3.


Employees

The company has no employees other than the directors, who did not receive any remuneration (period ended 31
December 2022 - no employees).

Page 8

 
Britannia Digital Holdings Limited

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

4.


Fixed asset investments





Investments in subsidiary undertakings

£



Cost or valuation


Additions
1,716,623



At 31 December 2023
1,716,623





5.


Debtors

2023
£


Other debtors
35,000

35,000



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
16,488
374

16,488
374



7.


Creditors: amounts falling due within one year

2023
£

Bank loans
14,356

Trade creditors
6,953

Other creditors
1,865,650

Accruals and deferred income
4,000

1,890,959


Page 9

 
Britannia Digital Holdings Limited

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

8.


Contingent liabilities

The company had no contingent liabilities at 31 December 2023.


9.


Capital commitments


The company has no capital commitments at 31 December 2023.


Page 10