Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falsetrueNo description of principal activity44truefalse 03562365 2023-01-01 2023-12-31 03562365 2022-01-01 2022-12-31 03562365 2023-12-31 03562365 2022-12-31 03562365 c:Director1 2023-01-01 2023-12-31 03562365 d:FurnitureFittings 2023-01-01 2023-12-31 03562365 d:FurnitureFittings 2023-12-31 03562365 d:FurnitureFittings 2022-12-31 03562365 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03562365 d:CurrentFinancialInstruments 2023-12-31 03562365 d:CurrentFinancialInstruments 2022-12-31 03562365 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03562365 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03562365 d:ShareCapital 2023-12-31 03562365 d:ShareCapital 2022-12-31 03562365 d:SharePremium 2023-12-31 03562365 d:SharePremium 2022-12-31 03562365 d:RetainedEarningsAccumulatedLosses 2023-12-31 03562365 d:RetainedEarningsAccumulatedLosses 2022-12-31 03562365 c:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 03562365 c:FRS102 2023-01-01 2023-12-31 03562365 c:Audited 2023-01-01 2023-12-31 03562365 c:FullAccounts 2023-01-01 2023-12-31 03562365 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03562365 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03562365 2 2023-01-01 2023-12-31 03562365 4 2023-01-01 2023-12-31 03562365 6 2023-01-01 2023-12-31 03562365 1 2023-12-31 03562365 1 2022-12-31 03562365 f:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 03562365









LINS WALLPAPER LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LINS WALLPAPER LIMITED
REGISTERED NUMBER: 03562365

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
163
271

Investments
 4 
3,983,245
11,503,634

  
3,983,408
11,503,905

Current assets
  

Debtors: amounts falling due within one year
 5 
23,620,707
24,203,619

Cash at bank and in hand
 6 
394,031
35,186

  
24,014,738
24,238,805

Creditors: amounts falling due within one year
 7 
(3,635,374)
(3,724,532)

Net current assets
  
 
 
20,379,364
 
 
20,514,273

Total assets less current liabilities
  
24,362,772
32,018,178

  

Net assets
  
24,362,772
32,018,178


Capital and reserves
  

Called up share capital 
  
3,000
3,000

Share premium account
  
1,457,647
1,457,647

Profit and loss account
  
22,902,125
30,557,531

  
24,362,772
32,018,178


Page 1

 
LINS WALLPAPER LIMITED
REGISTERED NUMBER: 03562365
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 




O F Dzhagaev
Director

Date: 14 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LINS WALLPAPER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Lins Wallpaper Limited is a private company limited by shares and incorporated in England & Wales
(registered number 03562365). The registered office is 101 New Cavendish Street, London, England,
W1W 6XH.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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.

 
2.2

Going concern

On 24 February 2022, Russian troops invaded Ukraine. The ongoing war continues to cause disruption to economic activity in Ukraine. The entity has a significant investment by way of loans to a company located in Ukraine. The directors are confident that despite the situation in Ukraine the loan remains recoverable.
Despite the above the directors have prepared these financial statements using the going
concern basis of accounting whilst noting that future events outside of their control may have a
material effect on the entity.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
LINS WALLPAPER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Interest income

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

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

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.

 
2.7

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.

 
2.8

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
LINS WALLPAPER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight-line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

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 Profit and Loss Account 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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 5

 
LINS WALLPAPER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2023
1,722



At 31 December 2023

1,722



Depreciation


At 1 January 2023
1,451


Charge for the year on owned assets
108



At 31 December 2023

1,559



Net book value



At 31 December 2023
163



At 31 December 2022
271

Page 6

 
LINS WALLPAPER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Total

£
£
£



Cost or valuation


At 1 January 2023
7,568,972
7,192,804
14,761,776


Disposals
(7,568,972)
-
(7,568,972)



At 31 December 2023

-
7,192,804
7,192,804



Impairment


At 1 January 2023
-
3,258,141
3,258,141


Charge for the period
-
(48,583)
(48,583)



At 31 December 2023

-
3,209,558
3,209,558



Net book value



At 31 December 2023
-
3,983,246
3,983,246



At 31 December 2022
7,568,972
3,934,662
11,503,634

During the year, the company sold all investments in subsidiaries, as below:                                                                 
KOF Palitra (Incorporated in Russia), previously holding 75%                                                                              
UniCeramics LLC (Incorporated in Russia), previously holding 75%                                                               
Aspect RU (Incorporated in Russia), previously holding 87.5%                                                                      
Olma Holdings (PTY) Ltd (Incorporated in South Africa), previously holding 100%                                        
Consolidated losses on sales amounting to £7,565,468 were recognised in profit and loss.

Page 7

 
LINS WALLPAPER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
28,598
-

Other debtors
23,586,255
24,198,398

Called up share capital not paid
540
540

Prepayments and accrued income
5,314
4,681

23,620,707
24,203,619



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
394,031
35,186

394,031
35,186



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
9,798
(27,136)

Amounts owed to group undertakings
-
133,687

Other taxation and social security
907
-

Other creditors
3,608,669
3,530,481

Accruals and deferred income
16,000
87,500

3,635,374
3,724,532



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 14 October 2024 by Stephen Haffner (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

 
Page 8