Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-014false4falseDormant CompanyfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13502198 2023-02-01 2024-01-31 13502198 2022-02-01 2023-01-31 13502198 2024-01-31 13502198 2023-01-31 13502198 c:Director3 2023-02-01 2024-01-31 13502198 c:Director4 2023-02-01 2024-01-31 13502198 d:CurrentFinancialInstruments 2024-01-31 13502198 d:CurrentFinancialInstruments 2023-01-31 13502198 d:Non-currentFinancialInstruments 2024-01-31 13502198 d:Non-currentFinancialInstruments 2023-01-31 13502198 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 13502198 c:OrdinaryShareClass1 2023-02-01 2024-01-31 13502198 c:OrdinaryShareClass1 2024-01-31 13502198 c:OrdinaryShareClass1 2023-01-31 13502198 c:OrdinaryShareClass2 2023-02-01 2024-01-31 13502198 c:OrdinaryShareClass2 2024-01-31 13502198 c:OrdinaryShareClass2 2023-01-31 13502198 c:OrdinaryShareClass3 2023-02-01 2024-01-31 13502198 c:OrdinaryShareClass3 2024-01-31 13502198 c:OrdinaryShareClass3 2023-01-31 13502198 c:OrdinaryShareClass4 2023-02-01 2024-01-31 13502198 c:OrdinaryShareClass4 2024-01-31 13502198 c:OrdinaryShareClass4 2023-01-31 13502198 c:FRS102 2023-02-01 2024-01-31 13502198 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13502198 c:FullAccounts 2023-02-01 2024-01-31 13502198 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13502198 6 2023-02-01 2024-01-31 13502198 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13502198









STATESIDE SKATES GLOBAL HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
STATESIDE SKATES GLOBAL HOLDINGS LIMITED
REGISTERED NUMBER: 13502198

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Fixed assets
  

Investments
 4 
3,250,000
16,193,242

  
3,250,000
16,193,242

Current assets
  

Debtors: amounts falling due within one year
 5 
-
944,261

  
-
944,261

Creditors: amounts falling due within one year
 6 
(8,336,197)
(9,280,457)

Net current liabilities
  
 
 
(8,336,197)
 
 
(8,336,196)

Total assets less current liabilities
  
(5,086,197)
7,857,046

  

Creditors: amounts falling due after more than one year
 7 
(13,292,121)
(13,292,122)

  
(18,378,318)
(5,435,076)

  

  

Net assets excluding pension asset
  
(18,378,318)
(5,435,076)

Net liabilities
  
(18,378,318)
(5,435,076)


Capital and reserves
  

Called up share capital 
  
24,990,159
24,990,159

Profit and loss account
  
(43,368,477)
(30,425,235)

  
(18,378,318)
(5,435,076)


Page 1

 
STATESIDE SKATES GLOBAL HOLDINGS LIMITED
REGISTERED NUMBER: 13502198
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

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 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: 




R A Coffer
A J Crichton
Director
Director


Date: 12 September 2024

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

Page 2

 
STATESIDE SKATES GLOBAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Stateside Skates Global Holdings Limited is a private company limited by shares and is incorporated in England and Wales.
The principle activity of the Company continued to be that of a holding company.
The Registered Office is 35 Ballards Lane, London, N3 1XW.

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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. With the continued support of the directors and shareholders we have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

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 reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings 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 reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

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.

 
2.5

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.

Page 3

 
STATESIDE SKATES GLOBAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2023
46,618,477



At 31 January 2024

46,618,477



Impairment


At 1 February 2023
30,425,235


Charge for the period
12,943,242



At 31 January 2024

43,368,477



Net book value



At 31 January 2024
3,250,000



At 31 January 2023
16,193,242


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
944,261

-
944,261


Page 4

 
STATESIDE SKATES GLOBAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
4,728,403
4,801,964

Other creditors
3,607,794
4,478,493

8,336,197
9,280,457



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
13,292,121
13,292,122

13,292,121
13,292,122



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



33,000 (2023 - 33,000) A Ordinary shares of £1.00 each
33,000
33,000
54,000 (2023 - 54,000) B Ordimary shares of £1.00 each
54,000
54,000
13,000 (2023 - 13,000) C Ordinary shares of £1.00 each
13,000
13,000
24,890,159 (2023 - 24,890,159) Preferrred Ordinary shares of £1.00 each
24,890,159
24,890,159

24,990,159

24,990,159



9.


Reserves

Profit and loss account

Includes all current period retained profits and losses.


10.


Related party transactions

Where possible, the company has taken advantage of the exemption within s33.1A of FRS 102 not to
disclose related party transactions with other wholly owned group undertakings.

Page 5