Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetrue11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01truefalse 04611767 2023-01-01 2023-12-31 04611767 2023-12-31 04611767 2022-01-01 2022-12-31 04611767 2022-12-31 04611767 c:Director1 2023-01-01 2023-12-31 04611767 d:ComputerEquipment 2023-01-01 2023-12-31 04611767 d:ComputerEquipment 2023-12-31 04611767 d:ComputerEquipment 2022-12-31 04611767 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04611767 d:CurrentFinancialInstruments 2023-12-31 04611767 d:CurrentFinancialInstruments 2022-12-31 04611767 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04611767 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04611767 d:ShareCapital 2023-12-31 04611767 d:ShareCapital 2022-12-31 04611767 d:RetainedEarningsAccumulatedLosses 2023-12-31 04611767 d:RetainedEarningsAccumulatedLosses 2022-12-31 04611767 c:FRS102 2023-01-01 2023-12-31 04611767 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04611767 c:FullAccounts 2023-01-01 2023-12-31 04611767 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04611767 2 2023-01-01 2023-12-31 04611767 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 04611767


USP BUSINESS DEVELOPMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
USP BUSINESS DEVELOPMENT LIMITED
REGISTERED NUMBER: 04611767

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
302

  
-
302

Current assets
  

Debtors: amounts falling due within one year
 5 
413
434

Cash at bank and in hand
 6 
147
37

  
560
471

Creditors: amounts falling due within one year
 7 
(20,723)
(15,456)

Net current liabilities
  
 
 
(20,163)
 
 
(14,985)

Total assets less current liabilities
  
(20,163)
(14,683)

  

Net liabilities
  
(20,163)
(14,683)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(20,165)
(14,685)

  
(20,163)
(14,683)


Page 1

 
USP BUSINESS DEVELOPMENT LIMITED
REGISTERED NUMBER: 04611767
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges her 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 statement of income and retained earnings 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: 




................................................
Ms S McCauley
Director

Date: 4 September 2024

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

Page 2

 
USP BUSINESS DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

USP Business Developments Limited is a private company limited by share capital, registered in England and Wales.
The company's registration number is 04611767.
The company's registered office is 1 Vincent Square, London, SW1P 2PN.

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 following principal accounting policies have been applied:

 
2.2

Going concern

The company continues to meet its day to day working requirements from loans leveraged by the
directors  and  shareholders  from  associated  business  interests.  The  company  is  therefore
dependent upon the support of these loan facilities in order to continue as a going concern.
The directors are satisfied that they can continue to finance the operations of the business in this
manner  and  enable  the  company  to  achieve  profitability.  Accordingly,  the  directors  consider  it appropriate to prepare these accounts on a going concern basis.

 
2.3

Interest income

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

 
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.

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:

Computer equipment
-
33%
Straight Line

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.

Page 3

 
USP BUSINESS DEVELOPMENT 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1.

Page 4

 
USP BUSINESS DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
908



At 31 December 2023

908



Depreciation


At 1 January 2023
605


Charge for the year on owned assets
303



At 31 December 2023

908



Net book value



At 31 December 2023
-



At 31 December 2022
303

Page 5

 
USP BUSINESS DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
413
434

413
434



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
147
37

147
37



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
134
-

Other creditors
20,589
15,456

20,723
15,456


 
Page 6