Caseware UK (AP4) 2023.0.135 2023.0.135 02023-01-01truetrueNo description of principal activity0true 13917351 2023-01-01 2023-12-31 13917351 2023-12-31 13917351 2022-02-15 2022-12-31 13917351 2022-12-31 13917351 c:Director3 2023-01-01 2023-12-31 13917351 d:CurrentFinancialInstruments 2023-12-31 13917351 d:CurrentFinancialInstruments 2022-12-31 13917351 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13917351 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13917351 d:ShareCapital 2023-12-31 13917351 d:ShareCapital 2022-12-31 13917351 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13917351 c:OrdinaryShareClass1 2023-12-31 13917351 c:OrdinaryShareClass1 2022-12-31 13917351 c:EntityHasNeverTraded 2023-01-01 2023-12-31 13917351 c:FRS102 2023-01-01 2023-12-31 13917351 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13917351 c:FullAccounts 2023-01-01 2023-12-31 13917351 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13917351 6 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13917351













Griot Holdings Limited

Financial statements
Information for filing with the registrar

31 December 2023




 
Griot Holdings Limited


Balance sheet
At 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
  
100
100

  
100
100

Current assets
  

Debtors
 5 
100
100

Creditors: amounts falling due within one year
  
(100)
(100)

Net current assets
  
 
 
-
 
 
-

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
 8 
100
100

Shareholders' funds
  
100
100


1

 
Griot Holdings Limited

    
Balance sheet (continued)
At 31 December 2023

For the year ended 31 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 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 4 September 2024.




S J Pickup
Director

Company registered number: 13917351
The notes on pages 3 to 7 form part of these financial statements. 

2

 
Griot Holdings Limited
 
 

Notes to the financial statements
Period ended 31 December 2023

1.


General information

Griot Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 26 Ellerbeck Court, Stokesley, Middlesbrough, England, TS9 5PT.

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

Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no profit and loss account is presented in these financial statements.

  
2.3

Going concern

The directors consider it appropriate to prepare the accounts on the going concern basis.

  
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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

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.

 
2.7

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.

The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

3

 
Griot Holdings Limited
 

 
Notes to the financial statements
Period ended 31 December 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

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
4

 
Griot Holdings Limited
 

 
Notes to the financial statements
Period ended 31 December 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

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.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

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.


3.


Employees

The company has no employees other than the directors, who did not receive any remuneration.

5

 
Griot Holdings Limited
 
 

Notes to the financial statements
Period ended 31 December 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
100



At 31 December 2023
100





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
51
51

Other debtors
49
49

100
100



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
100
100

100
100



7.


Financial instruments





6

 
Griot Holdings Limited
 
 

Notes to the financial statements
Period ended 31 December 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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



9.


Controlling party

The company is a subsidiary of Carlton Carbon Limited by virtue of it holding 52% of the share capital.
The registered office of Carlton Carbon Limited is 26 Ellerbeck Court, Stokesley, Middlesbrough, England, TS9 5PT.

7