Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08487184 2023-04-01 2023-12-31 08487184 2022-04-01 2023-03-31 08487184 2023-12-31 08487184 2023-03-31 08487184 c:Director1 2023-04-01 2023-12-31 08487184 d:CurrentFinancialInstruments 2023-12-31 08487184 d:CurrentFinancialInstruments 2023-03-31 08487184 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08487184 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08487184 d:ShareCapital 2023-12-31 08487184 d:ShareCapital 2023-03-31 08487184 d:RetainedEarningsAccumulatedLosses 2023-12-31 08487184 d:RetainedEarningsAccumulatedLosses 2023-03-31 08487184 c:OrdinaryShareClass1 2023-04-01 2023-12-31 08487184 c:OrdinaryShareClass1 2023-12-31 08487184 c:OrdinaryShareClass1 2023-03-31 08487184 c:OrdinaryShareClass2 2023-04-01 2023-12-31 08487184 c:OrdinaryShareClass2 2023-12-31 08487184 c:OrdinaryShareClass2 2023-03-31 08487184 c:FRS102 2023-04-01 2023-12-31 08487184 c:AuditExempt-NoAccountantsReport 2023-04-01 2023-12-31 08487184 c:FullAccounts 2023-04-01 2023-12-31 08487184 c:PrivateLimitedCompanyLtd 2023-04-01 2023-12-31 08487184 2 2023-04-01 2023-12-31 08487184 6 2023-04-01 2023-12-31 08487184 1 2023-12-31 08487184 2 2023-12-31 08487184 1 2023-03-31 08487184 2 2023-03-31 08487184 f:PoundSterling 2023-04-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08487184









SEHOJIN (UK) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
SEHOJIN (UK) LIMITED
REGISTERED NUMBER: 08487184

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
31 March
2023
2023
Note
£
£

Fixed assets
  

Investments
 4 
85,625
641,917

  
85,625
641,917

Current assets
  

Debtors: amounts falling due within one year
 5 
263,005
999

Cash at bank and in hand
  
31,218
160,508

  
294,223
161,507

Creditors: amounts falling due within one year
 6 
(3,900)
(472,755)

Net current assets/(liabilities)
  
 
 
290,323
 
 
(311,248)

Total assets less current liabilities
  
375,948
330,669

  

Net assets
  
375,948
330,669


Capital and reserves
  

Called up share capital 
 7 
1,001
1,001

Profit and loss account
  
374,947
329,668

  
375,948
330,669


Page 1

 
SEHOJIN (UK) LIMITED
REGISTERED NUMBER: 08487184
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 statement of income and retained earnings 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 22 October 2024.




C Louis
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SEHOJIN (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Sehojin (UK) Limited ("the company") is a company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA. 
The principal activity of the company was that of an intermediary holding company.

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

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 Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Valuation of investments

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 Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 3

 
SEHOJIN (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.

 
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

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.

  
2.9

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

 
2.10

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.11

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.

Page 4

 
SEHOJIN (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2023 - 1).


4.


Fixed asset investments








Investments in subsidiary companies
Listed investments
Unlisted investments
Total

£
£
£
£



Cost or valuation


At 1 April 2023
1
421,527
220,389
641,917


Additions
-
-
21,247
21,247


Disposals
-
(421,527)
(156,012)
(577,539)



At 31 December 2023
1
-
85,624
85,625






Net book value



At 31 December 2023
1
-
85,624
85,625



At 31 March 2023
1
421,527
220,389
641,917


5.


Debtors

31 December
31 March
2023
2023
£
£


Other debtors
263,005
999


Page 5

 
SEHOJIN (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

31 December
31 March
2023
2023
£
£

Trade creditors
900
-

Corporation tax
-
62,441

Other creditors
-
407,314

Accruals and deferred income
3,000
3,000

3,900
472,755



7.


Share capital

31 December
31 March
2023
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000
1 (2023 - 1) Ordinary A share of £1.00
1
1

1,001

1,001



The Ordinary A share is non-voting and has no rights to any assets on a winding up.
The Ordinary shares rank pari-passu in all respects. There are no restrictions on the distribution of dividends and repayment of capital.


8.


Related party transactions

At the period end the company owed £Nil (March 2023 - £407,314) to the director. 
At the period end the director owed £262,006 
(March 2023 - £Nil) to the company. 
During the period the company received dividends £Nil 
(March 2023 - £575,140) from an associated undertaking.


9.


Controlling party

The company's immediate parent undertaking is Sehojin (Luxembourg) S.A.R.L., a company incorporated in Luxembourg. The ultimate controlling party is deemed to be Christophe Louis.

 
Page 6