Caseware UK (AP4) 2023.0.135 2023.0.135 3falsetruefalsefalse2023-07-01No description of principal activity2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12076529 2023-06-30 12076529 2023-07-01 2024-06-30 12076529 2024-06-30 12076529 2022-08-01 2023-07-31 12076529 2023-07-31 12076529 c:Director2 2023-07-01 2024-06-30 12076529 d:CurrentFinancialInstruments 2024-06-30 12076529 d:CurrentFinancialInstruments 2023-07-31 12076529 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12076529 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12076529 d:ShareCapital 2024-06-30 12076529 d:ShareCapital 2023-07-31 12076529 d:RetainedEarningsAccumulatedLosses 2024-06-30 12076529 d:RetainedEarningsAccumulatedLosses 2023-07-31 12076529 c:FRS102 2023-07-01 2024-06-30 12076529 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12076529 c:FullAccounts 2023-07-01 2024-06-30 12076529 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12076529 2 2023-07-01 2024-06-30 12076529 6 2023-07-01 2024-06-30 12076529 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 12076529













Wraith Holdings International Limited

Financial statements
Information for filing with the registrar

30 June 2024




 
Wraith Holdings International Limited


Balance sheet
At 30 June 2024

2024
As restated 2023
Note
£
£

Fixed assets
  

Investments
 4 
4,040,052
4,040,052

  
4,040,052
4,040,052

Current assets
  

Debtors
 5 
636,924
2,231,914

Bank and cash balances
  
1,590,828
900,635

  
2,227,752
3,132,549

Creditors: amounts falling due within one year
 6 
(2,493,852)
(3,634,852)

Net current liabilities
  
 
 
(266,100)
 
 
(502,303)

Total assets less current liabilities
  
3,773,952
3,537,749

  

Net assets
  
3,773,952
3,537,749


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
3,773,852
3,537,649

Shareholders' funds
  
3,773,952
3,537,749


1

 
Wraith Holdings International Limited

    
Balance sheet (continued)
At 30 June 2024

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 Period 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 26 November 2024.




A Singh Grewal
Director

Company registered number: 12076529
The notes on pages 3 to 5 form part of these financial statements. 

2

 
Wraith Holdings International Limited
 
 

Notes to the financial statements
Period ended 30 June 2024

1.


General information

Wraith Holdings International Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12076529 and the registered office address is Units 1-10, 116-118 Bury New Road, Manchester, M8 8EB.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

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.

 
2.3

Income due from membership interest in Bench IP Holding LLC

Bench IP Holdings LLC is a Delaware Limited Liability Company. The profits of a Delaware Limited Liability Company become due to members as they arise. the company is the sole member of Bench IP Holdings LLC and is entitled to its profits as they arise.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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 balance sheet date in the countries where the company operates and generates income.


 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less impairment.

3

 
Wraith Holdings International Limited
 

 
Notes to the financial statements
Period ended 30 June 2024

2.Accounting policies (continued)

 
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.


3.


Employees




The average monthly number of employees, including directors, during the Period was 2 (2023 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
4,040,052



At 30 June 2024
4,040,052





5.


Debtors

2024
As restated 2023
£
£


Other debtors
636,924
2,231,914

636,924
2,231,914


4

 
Wraith Holdings International Limited
 
 

Notes to the financial statements
Period ended 30 June 2024

6.


Creditors: amounts falling due within one year

2024
As restated 2023
£
£

Corporation tax
195,536
565,536

Other taxation and social security
136,916
90,816

Other creditors
2,155,000
2,975,000

Accruals and deferred income
6,400
3,500

2,493,852
3,634,852



7.


Prior year adjustment

Following a review it is considered that the accounting treatment of the corporation tax should have remained in Wraith Holdings International Limited for the year end 31 July 2023 and not transferred to Bench IP Holdings LLC until the current year. 
These accounts show the re allocation of the 2023 tax charge from Bench IP Holdings LLC to Wraith Holdings International Limited and an increase in income to Wraith Holdings International Limited from Bench IP Holdings LLC. 
The impact of the prior year adjustment has resulted in restatement of 2023 figures, resulting in an increase income due from the LLC of £933,946 an increase in corporation tax charge due of £933,946, an increase in intercompany balance by £563,945 and an increase in corporation tax balance sheet balance by £563,945. In effect there is no change to the overall net asset position or profitability of the company. 

 
5