Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-315InvestcoThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01false5falsetruefalse 13430299 2022-12-31 13430299 2023-01-01 2023-12-31 13430299 2022-01-01 2022-06-30 13430299 2023-12-31 13430299 2022-06-30 13430299 c:Director1 2023-01-01 2023-12-31 13430299 d:CurrentFinancialInstruments 2023-12-31 13430299 d:CurrentFinancialInstruments 2022-06-30 13430299 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13430299 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 13430299 d:ShareCapital 2023-12-31 13430299 d:ShareCapital 2022-06-30 13430299 c:FRS102 2023-01-01 2023-12-31 13430299 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13430299 c:FullAccounts 2023-01-01 2023-12-31 13430299 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13430299 6 2023-01-01 2023-12-31 13430299 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13430299










THREESIXTY INVESTCO 4 LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
THREESIXTY INVESTCO 4 LIMITED
REGISTERED NUMBER: 13430299

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
919,031
919,031

  
919,031
919,031

Current assets
  

Cash at bank and in hand
  
1
1

  
1
1

Creditors: amounts falling due within one year
 6 
(919,031)
(919,031)

Net current liabilities
  
 
 
(919,030)
 
 
(919,030)

Total assets less current liabilities
  
1
1

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
  
1
1

  
1
1


Page 1

 
THREESIXTY INVESTCO 4 LIMITED
REGISTERED NUMBER: 13430299
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 period 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 by: 




S J Ling
Director

Date: 25 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
THREESIXTY INVESTCO 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Threesixty Investco 4 Limited is a private company limited by shares and registered in England and Wales, registered number 13430299. Its registered head office is located at Technocover Ltd, Henfaes Lane, Welshpool, Powys, Wales, SY21 7BE.
The principal activity of the Company during the period was that of an investment Company. 

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 Company's functional and presentational currency is GBP.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the Company as an individual undertaking and not about its group.

  
2.3

Lengthed accounting period

In order to enact a group restructure, the current year was lengthed to be a 18 month period ending 31 December 2023. The prior period relates to the 6 months to 30 June 2022. 

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. 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.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
THREESIXTY INVESTCO 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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 transaction price, net of transaction cost, 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 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.
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.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the period was 5 (2022 - 5).

Page 4

 
THREESIXTY INVESTCO 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
919,031



At 31 December 2023
919,031





5.


Current asset investments





6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
919,031
919,031

919,031
919,031



7.


Related party transactions

The Company has taken advantage of the exemptions under Section 1A of Financial Reporting Standard
102 from requirement to disclose transactions with members of the group, provided that any subsidiary
which is party to the transaction is a wholly-owned member of the group.


8.


Ultimate controlling party

The ultimate parent undertaking of the company is Threesixty Holdco 4 Limited. The registered office and principal place of business of Threesixty Holdco 4 Limited is Henfaes Lane, Welshpool, Powys, Wales, SY21 7BE.

The Company is a subsidiary undertaking of a small group and as such is not required by the Companies Act 2006 to prepare Group accounts.

Page 5