Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activitytrue2023-01-01false11false 07331880 2023-01-01 2023-12-31 07331880 2022-01-01 2022-12-31 07331880 2023-12-31 07331880 2022-12-31 07331880 c:Director1 2023-01-01 2023-12-31 07331880 d:CurrentFinancialInstruments 2023-12-31 07331880 d:CurrentFinancialInstruments 2022-12-31 07331880 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07331880 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07331880 d:ShareCapital 2023-12-31 07331880 d:ShareCapital 2022-12-31 07331880 d:RetainedEarningsAccumulatedLosses 2023-12-31 07331880 d:RetainedEarningsAccumulatedLosses 2022-12-31 07331880 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07331880 c:OrdinaryShareClass1 2023-12-31 07331880 c:OrdinaryShareClass1 2022-12-31 07331880 c:FRS102 2023-01-01 2023-12-31 07331880 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07331880 c:FullAccounts 2023-01-01 2023-12-31 07331880 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07331880 2 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07331880









DRUSILLA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DRUSILLA LIMITED
REGISTERED NUMBER: 07331880

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
50,256
200,000

Cash at bank and in hand
  
502,191
360,337

  
552,447
560,337

Creditors: amounts falling due within one year
 5 
(2,500)
(7,700)

Net current assets
  
 
 
549,947
 
 
552,637

Total assets less current liabilities
  
549,947
552,637

  

Net assets
  
549,947
552,637


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
549,847
552,537

  
549,947
552,637


Page 1

 
DRUSILLA LIMITED
REGISTERED NUMBER: 07331880
    
STATEMENT OF FINANCIAL POSITION (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 year 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 by: 




................................................
P J Kusak
Director

Date: 17 October 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

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

1.


General information

The principal activity of the Company is that of investment holding.
The Company is a private company limited by shares and is incorporated in England and Wales.
The Registered Office is 35 Ballards Lane, London, N3 1XW.

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 ("FRS 102") and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company made a loss of £2,690 during the year. The directors consider the net assets position to be strong. As such, the financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, and will be able to meet its debts as they fall due.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional currencies are US Dollar and Sterling.
This differs from the presentational currency which is Sterling.

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 the Statement of Income and Retained Earnings.

 
2.4

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

Page 3

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

2.Accounting policies (continued)

 
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 reporting date in the countries where the Company operates and generates income.

 
2.6

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.

 
2.7

Financial instruments

The Company only enters into basic financial instruments that result in the recognition of financial assets and liabilities. 
(i) Financial assets
Basic financial assets, including trade and other debtors and amounts due from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. 
Such assets are subsequently carried at amortised cost using the effective interest method. 
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income. 
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to related companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. 
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Page 4

 
DRUSILLA 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 year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Other debtors
50,256
200,000



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
2,500
7,700



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



7.


Related party transactions

Included within other debtors is a balance of £50,256 (2022: £200,000) owed by an associate. This loan was unsecured, interest free and repayable on three months notice.


8.


Controlling party

The ultimate controlling party is P J Kusak.

 
Page 5