Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetruetrue02023-01-01a holding company of a trading group0false NI665863 2023-01-01 2023-12-31 NI665863 2022-01-01 2022-12-31 NI665863 2023-12-31 NI665863 2022-12-31 NI665863 c:Director3 2023-01-01 2023-12-31 NI665863 d:CurrentFinancialInstruments 2023-12-31 NI665863 d:CurrentFinancialInstruments 2022-12-31 NI665863 d:ShareCapital 2023-12-31 NI665863 d:ShareCapital 2022-12-31 NI665863 d:SharePremium 2023-12-31 NI665863 d:SharePremium 2022-12-31 NI665863 d:OtherMiscellaneousReserve 2023-12-31 NI665863 d:OtherMiscellaneousReserve 2022-12-31 NI665863 c:OrdinaryShareClass1 2023-01-01 2023-12-31 NI665863 c:OrdinaryShareClass1 2023-12-31 NI665863 c:OrdinaryShareClass1 2022-12-31 NI665863 c:FRS102 2023-01-01 2023-12-31 NI665863 c:Audited 2023-01-01 2023-12-31 NI665863 c:FullAccounts 2023-01-01 2023-12-31 NI665863 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI665863 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI665863 6 2023-01-01 2023-12-31 NI665863 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: NI665863










SBS HOLDCO LTD










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
SBS HOLDCO LTD
REGISTERED NUMBER: NI665863

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£000
£000

Fixed assets
  

Investments
 4 
784
784

  
784
784

Current assets
  

Debtors: amounts falling due within one year
 5 
29,644
29,644

  
29,644
29,644

Total assets less current liabilities
  
 
 
30,428
 
 
30,428

  

Net assets
  
30,428
30,428


Capital and reserves
  

Called up share capital 
  
67
67

Share premium account
  
29,577
29,577

Other reserves
  
784
784

  
30,428
30,428


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 comprehensive income 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.




Seamus Gillan
Director

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

Page 1

 
SBS HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

SBS Holdco Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office is 6 Bank Square, Maghera, Co. Derry, Northern Ireland, BT46 5AZ. 

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 judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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 Statement of comprehensive income 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.

 
2.3

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 2

 
SBS HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£000



Cost or valuation


At 1 January 2023
784



At 31 December 2023
784





5.


Debtors

2023
2022
£000
£000


Amounts owed by group undertakings
29,644
29,644

29,644
29,644


Amounts due from group undertakings are unsecured, interest free and repayable on demand.


6.


Share capital

2023
2022
£000
£000
Allotted, called up and fully paid



67,176 (2022 - 67,176) Ordinary shares shares of £1.00 each
67
67

On incorporation the company issues 2 ordinary share of £1 each. On 2 January 2020, the company issued 67,176 shares of £1 each in exchange for the share capital of South Bank Square Ltd and the assignment of amounts due from group undertakings of £29,643,897. This resulted in the creation of share premium of £29,576,733 and a merger reserve of £783,541.



7.


Controlling party

The ultimate controlling party is The Seamus Gillan and Bernadette Gillan Settlement 2021.


8.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 24 September 2024 by Deborah Mullen (Senior statutory auditor) on behalf of AAB Group Accountants Limited.


Page 3