Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01No description of principal activityfalsefalse22true 13096245 2023-01-01 2023-12-31 13096245 2022-06-01 2022-12-31 13096245 2023-12-31 13096245 2022-12-31 13096245 1 2023-01-01 2023-12-31 13096245 d:Director1 2023-01-01 2023-12-31 13096245 c:ComputerEquipment 2023-01-01 2023-12-31 13096245 c:ComputerEquipment 2023-12-31 13096245 c:ComputerEquipment 2022-12-31 13096245 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13096245 c:CurrentFinancialInstruments 2023-12-31 13096245 c:CurrentFinancialInstruments 2022-12-31 13096245 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 13096245 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 13096245 c:ShareCapital 2023-12-31 13096245 c:ShareCapital 2022-12-31 13096245 c:RetainedEarningsAccumulatedLosses 2023-12-31 13096245 c:RetainedEarningsAccumulatedLosses 2022-12-31 13096245 d:FRS102 2023-01-01 2023-12-31 13096245 d:Audited 2023-01-01 2023-12-31 13096245 d:FullAccounts 2023-01-01 2023-12-31 13096245 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13096245 d:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13096245









PROTECT FINANCIAL INTERNATIONAL LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023


 
PROTECT FINANCIAL INTERNATIONAL LIMITED
REGISTERED NUMBER: 13096245

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022 (Unaudited)
Note
£
£

Fixed assets
  

Tangible assets
 5 
357
970

  
357
970

Current assets
  

Debtors: amounts falling due within one year
 6 
28,632
5,000

Cash at bank and in hand
 7 
83,755
20,349

  
112,387
25,349

Creditors: amounts falling due within one year
 8 
(335,817)
(153,277)

Net current liabilities
  
(223,430)
(127,928)

  

Net liabilities
  
(223,073)
(126,958)


Capital and reserves
  

Called up share capital 
  
101
101

Profit and loss account
  
(223,174)
(127,059)

  
(223,073)
(126,958)


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 16 October 2024.




Mr David Franks
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
PROTECT FINANCIAL INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Protect Financial International Limited is a private company limited by share capital, incorporated in England and Wales, registration number 13096245. The address of the registered office is Suite 3, Indigo Blu, 14 Crown Point Road, Leeds, England, LS10 1EL.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have prepared the financial statements on the going concern basis, having obtained a signed letter of financial support from the parent company for a period of at least 12 months from the date of signing these financial statements. The directors have also assessed the financial ability of the parent company to be able to provide financial support for a period of at least 12 months from the date of signing these financial statements.
For this reason, the directors consider that it is appropriate to adopt the going concern basis for the preparation of the financial statements.

 
2.3

Foreign currency translation

The Company's functional and presentational currency is GBP.

 
2.4

Revenue

Revenue is recognised in the month the invoices are issued. 

Page 2

 
PROTECT FINANCIAL INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

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:

Computer equipment
-
Over 3 years

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.

 
2.6

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.

Page 3

 
PROTECT FINANCIAL INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

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 and loans to related parties.

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 Profit and Loss Account.

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.

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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgements, estimates
and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial
position date and the amounts reported for revenues and expenses during the period. However, the
nature of estimation means that actual outcomes could differ from those estimates.
Critical Judgements
There were no judgements required to be made in preparing the account, which had, or could have had, a material impact on the accounts.
Critical Estimates
There were critical estimates relating to accruals at the year end. Accruals are based on measurable contractual costs.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 (Unaudited) - 2).

Page 4

 
PROTECT FINANCIAL INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023 (Unaudited)
1,838



At 31 December 2023

1,838



Depreciation


At 1 January 2023 (Unaudited)
868


Charge for the year on owned assets
613



At 31 December 2023

1,481



Net book value



At 31 December 2023
357



At 31 December 2022 (Unaudited)
970

Page 5

 
PROTECT FINANCIAL INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022 (Unaudited)
£
£


Trade debtors
28,632
5,000

28,632
5,000



7.


Cash and cash equivalents

2023
2022 (Unaudited)
£
£

Cash at bank and in hand
83,755
20,349

83,755
20,349



8.


Creditors: Amounts falling due within one year

2023
2022 (Unaudited)
£
£

Trade creditors
-
13,538

Amounts owed to group undertakings
301,637
129,916

Accruals
34,180
9,823

335,817
153,277



9.


Related party transactions

The Company has claimed exemption under FRS 102 Section 33.1A from disclosing transactions with gorup entities.


10.


Post balance sheet events

There have been no significant events affecting the Company since the year end.

Page 6

 
PROTECT FINANCIAL INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Controlling party

The Company's immediate parent undertaking is Event Protect Limited, a company incorporated in England and Wales, registration number 13096245.
Event Protect Limited prepares consolidated financial statements which include the Company. The consolidated financial statements of Event Protect Limited are available from Suite 3, Indigo Blu, 14 Crown Point Road, Leeds, England, LS10 1EL.
No individual shareholder holds a majority of voting rights in the parent undertaking, Event Protect Limited. Therefore, the Company has no ultimate controlling party by virtue of shareholdings.


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 16 October 2024 by Barry Au FCA (Senior Statutory Auditor) on behalf of Wisteria Audit Ltd.

Page 7