Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity12truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13728239 2023-01-01 2023-12-31 13728239 2021-11-08 2022-12-31 13728239 2023-12-31 13728239 2022-12-31 13728239 c:Director1 2023-01-01 2023-12-31 13728239 d:CurrentFinancialInstruments 2023-12-31 13728239 d:CurrentFinancialInstruments 2022-12-31 13728239 d:Non-currentFinancialInstruments 2023-12-31 13728239 d:Non-currentFinancialInstruments 2022-12-31 13728239 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13728239 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13728239 d:ShareCapital 2023-12-31 13728239 d:ShareCapital 2022-12-31 13728239 d:RetainedEarningsAccumulatedLosses 2023-12-31 13728239 d:RetainedEarningsAccumulatedLosses 2022-12-31 13728239 c:FRS102 2023-01-01 2023-12-31 13728239 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13728239 c:FullAccounts 2023-01-01 2023-12-31 13728239 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13728239 2 2023-01-01 2023-12-31 13728239 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 13728239


IMAGINARY CLOUD LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 DECEMBER 2023

 
IMAGINARY CLOUD LIMITED
REGISTERED NUMBER: 13728239

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due after more than one year
 4 
439,620
300,000

Debtors: amounts falling due within one year
 4 
244,798
185,278

Cash at bank and in hand
 5 
243,673
331,304

  
928,091
816,582

Creditors: amounts falling due within one year
 6 
(764,223)
(589,089)

Net current assets
  
 
 
163,868
 
 
227,493

Total assets less current liabilities
  
163,868
227,493

  

Net assets
  
163,868
227,493


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
163,867
227,492

  
163,868
227,493


The director considers 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 director acknowledges his 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 24 September 2024.




Mr Tiago Joao
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
IMAGINARY CLOUD LIMITED
 

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

1.


General information

The company is a private company, limited by shares, incorporated in England with number 13728239 and registered office situated at Suite 2a1, Northside House, Mount Pleasant, Barnet, England, EN4 9EB.

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 judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

 
IMAGINARY CLOUD LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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 1 (2022 - 2).


4.


Debtors

2023
2022
£
£
Page 3

 
IMAGINARY CLOUD LIMITED
 

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

4.Debtors (continued)


Due after more than one year

Due from participating interests
439,620
300,000

439,620
300,000


2023
2022
£
£

Due within one year

Trade debtors
170,015
116,358

Other debtors
12,487
2

Prepayments and accrued income
62,296
68,918

244,798
185,278



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
243,673
331,304

243,673
331,304



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
8,340
266,252

Amounts owed to group undertakings
172,704
28,810

Corporation tax
40,387
53,362

Other taxation and social security
-
91,791

Other creditors
-
257

Accruals and deferred income
542,792
148,617

764,223
589,089



7.


Pension commitments

Page 4

 
IMAGINARY CLOUD LIMITED
 

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

8.


Controlling party

Imaginary Cloud Limited is the 100%subsidiary company of Imaginary Cloud Holdings Limited, the address of the parent’s registered office is Suite 2a1, Northside House, Mount Pleasant, Barnet, England, EN4 9EB.


Page 5