Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-310false2023-04-01trueNo description of principal activityfalsefalse0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12363388 2023-04-01 2024-03-31 12363388 2022-04-01 2023-03-31 12363388 2024-03-31 12363388 2023-03-31 12363388 c:Director2 2023-04-01 2024-03-31 12363388 d:CurrentFinancialInstruments 2024-03-31 12363388 d:CurrentFinancialInstruments 2023-03-31 12363388 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12363388 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12363388 d:ShareCapital 2024-03-31 12363388 d:ShareCapital 2023-03-31 12363388 c:FRS102 2023-04-01 2024-03-31 12363388 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12363388 c:FullAccounts 2023-04-01 2024-03-31 12363388 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12363388 6 2023-04-01 2024-03-31 12363388 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure


Registered number: 12363388












SEEDCAMP III (ENG) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


 
REGISTERED NUMBER:12363388
SEEDCAMP III (ENG) LIMITED

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
4
4

Current assets
  

Debtors: amounts falling due within one year
 5 
139,555
89,417

Current liabilities
  
139,555
89,417

Creditors: amounts falling due within one year
 6 
(139,558)
(89,420)

Net current liabilities
  
 
 
(3)
 
 
(3)

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
  
1
1

  
1
1


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 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 on 21 October 2024.




R Sohoni
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 

SEEDCAMP III (ENG) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Seedcamp III (Eng) Limited (the 'Company') is a private company limited by shares, incorporated in the UK and registered in England & Wales with company number 12363388. The registered address of the Company is 16 Great Queen Street, London WC2B 5AH.

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.

 
2.2

Going concern

The Company is reliant on the support of its parent. The parent has indicated that it will continue to support the Company for at least the next twelve months from the date of approval of the financial statements. Therefore the directors have prepared the financial statements on the going concern basis.

 
2.3

Valuation of investments

Investments are measured at cost.

  
2.4

Financial instruments

The Company does not trade in financial instruments and all such instruments arise directly from operations.
All trade and other debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The Company does not hold collateral against its trade and other receivables so its exposure to credit risk is the net balance of trade and other debtors after allowance for impairment.
Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished.
As the Company only has short term receivables and payables, its net current asset position is a reasonable measure of its liquidity at any given time.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 -
£NIL).
The average monthly number of employees, including directors, during the year was 0 (2023 - 0).






Page 2

 

SEEDCAMP III (ENG) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Unlisted investments

£



Cost


At 1 April 2023
4



At 31 March 2024
4




The investment represents the company's capital contribution in Seedcamp GP LLP.


5.


Debtors: Amounts falling due within one year

2024
2023
£
£


Amounts owed by group undertakings
139,555
89,417

139,555
89,417



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
139,558
89,420

139,558
89,420



7.


Related party transactions

Income from fixed asset investments represents a profit allocation from Seedcamp GP LLP, a fellow subsidiary. The amount due from the fellow subsidiary at the year end was £139,555 (2023: £89,417).
Administrative expenses represents amounts charged by the parent undertaking. The amount due to the parent at the year end was £139,558 (2023: £89,420).


8.


Controlling party

Seedcamp Investment Management LLP is the immediate and ultimate controlling party.

Page 3