Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalsefalsetrue2023-01-01No description of principal activity1210 SC539990 2023-01-01 2023-12-31 SC539990 2022-01-01 2022-12-31 SC539990 2023-12-31 SC539990 2022-12-31 SC539990 c:Director1 2023-01-01 2023-12-31 SC539990 d:CurrentFinancialInstruments 2023-12-31 SC539990 d:CurrentFinancialInstruments 2022-12-31 SC539990 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC539990 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC539990 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC539990 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC539990 c:FRS102 2023-01-01 2023-12-31 SC539990 c:Audited 2023-01-01 2023-12-31 SC539990 c:FullAccounts 2023-01-01 2023-12-31 SC539990 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 SC539990 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC539990 e:Euro 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: SC539990










SEA\LNG LIMITED
(A Company Limited by Guarantee)










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023



 
SEA\LNG LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: SC539990

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
              €

  

Current assets
  

Debtors: amounts falling due within one year
 4 
129,948
164,876

Cash at bank and in hand
 5 
64,528
230,460

  
194,476
395,336

Creditors: amounts falling due within one year
 6 
(457,371)
(400,381)

Net current liabilities
  
 
 
(262,895)
 
 
(5,045)

Total assets less current liabilities
  
(262,895)
(5,045)

  

Net liabilities
  
(262,895)
(5,045)


Capital and reserves
  

Profit and loss account
  
(262,895)
(5,045)

  
(262,895)
(5,045)


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 by: 



P Keller
Director
Date: 2 October 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
SEA\LNG LIMITED

(A Company Limited by Guarantee)
 

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

1.


General information

SEA\LNG Limited is a private company limited by guarantee without share capital domiciled in the UK and incorporated in Scotland.

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 financial statements have been prepared on a going concern basis, which assumes the continued reduction in discretionary costs based on income and the cash reserves held that will enable it to trade as a going concern for at least twelve months after the date of approval of these financial statements. 

On this basis, the directors consider that it is appropriate to prepare the finanical statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
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.

Page 2

 
SEA\LNG LIMITED

(A Company Limited by Guarantee)
 

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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is Euro.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.


3.


Employees




The average monthly number of employees, including directors, during the year was 12 (2022 - 10).

Page 3

 
SEA\LNG LIMITED

(A Company Limited by Guarantee)
 

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

4.


Debtors

2023
2022
              €


Trade debtors
100,000
120,000

Other debtors
29,080
36,834

Prepayments and accrued income
868
8,042

129,948
164,876



5.


Cash and cash equivalents

2023
2022
              €

Cash at bank and in hand
64,528
230,460

64,528
230,460



6.


Creditors: Amounts falling due within one year

2023
2022
               €

Trade creditors
121,846
38,832

Accruals and deferred income
335,525
361,549

457,371
400,381




7.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding €1 towards the assets of the company in the event of liquidation.


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 2 October 2024 by Alexander Peal BSc(Hons) FCS DChA (Senior Statutory Auditor) on behalf of James Cowper Kreston Audit.


Page 4