Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01No description of principal activitytruefalse73falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13360713 2023-01-01 2023-12-31 13360713 2022-01-01 2022-12-31 13360713 2023-12-31 13360713 2022-12-31 13360713 c:Director1 2023-01-01 2023-12-31 13360713 d:ComputerEquipment 2023-01-01 2023-12-31 13360713 d:ComputerEquipment 2023-12-31 13360713 d:ComputerEquipment 2022-12-31 13360713 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13360713 d:CurrentFinancialInstruments 2023-12-31 13360713 d:CurrentFinancialInstruments 2022-12-31 13360713 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13360713 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13360713 d:ShareCapital 2023-12-31 13360713 d:ShareCapital 2022-12-31 13360713 d:RetainedEarningsAccumulatedLosses 2023-12-31 13360713 d:RetainedEarningsAccumulatedLosses 2022-12-31 13360713 c:FRS102 2023-01-01 2023-12-31 13360713 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13360713 c:FullAccounts 2023-01-01 2023-12-31 13360713 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13360713 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13360713









ECCHO RIGHTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ECCHO RIGHTS LTD
REGISTERED NUMBER: 13360713

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
  
3,075
-

Current assets
  

Debtors: amounts falling due within one year
 5 
1,404,078
453,006

Cash at bank and in hand
  
2,052
10,101

  
1,406,130
463,107

Creditors: amounts falling due within one year
 6 
(1,267,383)
(358,445)

Net current assets
  
 
 
138,747
 
 
104,662

Total assets less current liabilities
  
141,822
104,662

  

Net assets
  
141,822
104,662


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
140,822
103,662

  
141,822
104,662


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 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 5 November 2024.



H L Kloiber
Director

Page 1

 
ECCHO RIGHTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Eccho Rights Ltd is a private company limited by shares, registered in England and Wales. The address of the registered office is Royalty House, 72 - 74 Dean Street, London, W1D 3SG.

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 financial statements are prepared in sterling, which is the functional currency of the entity.

 
2.2

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

 
2.3

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
The company recognises it's share of revenue commission when the ultimate commission has been paid to the parent company by the end client. 

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

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 statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
ECCHO RIGHTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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
-
25%

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.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
 
Page 3

 
ECCHO RIGHTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 3).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
3,358



At 31 December 2023

3,358



Depreciation


Charge for the year on owned assets
283



At 31 December 2023

283



Net book value



At 31 December 2023
3,075



At 31 December 2022
-

Page 4

 
ECCHO RIGHTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
86,158
176,321

Amounts owed by group undertakings
907,099
236,199

Other debtors
410,821
40,486

1,404,078
453,006



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,340
4,101

Amounts owed to group undertakings
1,068,268
226,011

Corporation tax
16,636
20,395

Other taxation and social security
70,796
36,667

Accruals and deferred income
110,343
71,271

1,267,383
358,445



7.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £29,483 (2022: £9,524). At the reporting date the company owed £nil (2022: £2,108).


8.


Related party transactions

The company has taken advantage of the exemption available under FRS 102 not to disclose transactions with 100% owned subsidiary undertakings within the group.


9.


Parent Company

The parent company is Eccho Rights AB, a company incorporated in Sweden. The registered address is Kungsgatan 48 Stockholm, 111 35 Sweden

 
Page 5