Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-312022-06-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09048502 2022-06-01 2023-05-31 09048502 2021-06-01 2022-05-31 09048502 2023-05-31 09048502 2022-05-31 09048502 c:Director2 2022-06-01 2023-05-31 09048502 d:FurnitureFittings 2022-06-01 2023-05-31 09048502 d:FurnitureFittings 2023-05-31 09048502 d:FurnitureFittings 2022-05-31 09048502 d:OfficeEquipment 2022-06-01 2023-05-31 09048502 d:OfficeEquipment 2023-05-31 09048502 d:OfficeEquipment 2022-05-31 09048502 d:ComputerEquipment 2022-06-01 2023-05-31 09048502 d:ComputerEquipment 2023-05-31 09048502 d:ComputerEquipment 2022-05-31 09048502 d:CurrentFinancialInstruments 2023-05-31 09048502 d:CurrentFinancialInstruments 2022-05-31 09048502 d:Non-currentFinancialInstruments 2023-05-31 09048502 d:Non-currentFinancialInstruments 2022-05-31 09048502 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09048502 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 09048502 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 09048502 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 09048502 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 09048502 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 09048502 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 09048502 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-05-31 09048502 d:ShareCapital 2023-05-31 09048502 d:ShareCapital 2022-05-31 09048502 d:RetainedEarningsAccumulatedLosses 2023-05-31 09048502 d:RetainedEarningsAccumulatedLosses 2022-05-31 09048502 c:OrdinaryShareClass1 2022-06-01 2023-05-31 09048502 c:OrdinaryShareClass1 2023-05-31 09048502 c:OrdinaryShareClass1 2022-05-31 09048502 c:EntityNoLongerTradingButTradedInPast 2022-06-01 2023-05-31 09048502 c:FRS102 2022-06-01 2023-05-31 09048502 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 09048502 c:FullAccounts 2022-06-01 2023-05-31 09048502 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09048502














SOFTCHOW LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

 
SOFTCHOW LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7


 
SOFTCHOW LIMITED
REGISTERED NUMBER:09048502

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

Tangible assets
 4 
-
-

  
-
-

Current assets
  

Debtors: amounts falling due within one year
 5 
1,626
907

Cash at bank and in hand
 6 
1,424
1,746

  
3,050
2,653

Creditors: amounts falling due within one year
 7 
(640,796)
(629,374)

Net current liabilities
  
 
 
(637,746)
 
 
(626,721)

Total assets less current liabilities
  
(637,746)
(626,721)

Creditors: amounts falling due after more than one year
 8 
(37,925)
(42,936)

  

Net liabilities
  
(675,671)
(669,657)


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
(675,672)
(669,658)

  
(675,671)
(669,657)


1

 
SOFTCHOW LIMITED
REGISTERED NUMBER:09048502
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

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 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 on 2 December 2024.




R Arslan
Director

The notes on pages 3 to 7 form part of these financial statements.

2

 
SOFTCHOW LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Softchow Limited is a private company, limited by shares, registered in England and Wales, registration number 09048502
The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
 


 
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.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The shareholder has agreed to continue to provide financial support to the company to meet its liabilities as and when they fall due. The accounts have therefore been prepared on a going concern basis.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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

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.

3

 
SOFTCHOW LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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:

Fixtures and fittings
-
10 - 15%
Office equipment
-
10 - 15%
Computer equipment
-
10 - 20%

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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.9

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.

 
2.10

 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.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2022 - 1).

4

 
SOFTCHOW LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost 


At 1 June 2022
24,497
5,529
22,113
52,139



At 31 May 2023

24,497
5,529
22,113
52,139



Depreciation


At 1 June 2022
24,497
5,529
22,113
52,139



At 31 May 2023

24,497
5,529
22,113
52,139



Net book value



At 31 May 2023
-
-
-
-



At 31 May 2022
-
-
-
-


5.


Debtors

2023
2022
£
£


Other debtors
1,363
674

Prepayments
263
233

1,626
907



6.


Cash

2023
2022
£
£

Cash at bank
1,424
1,746


5

 
SOFTCHOW LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,583
6,562

Trade creditors
2,463
5,858

Amounts owed to group undertakings
614,954
614,954

Other creditors
14,816
-

Accruals
2,980
2,000

640,796
629,374


The following liabilities were secured:

2023
2022
£
£



COVID Bounce Back Loan
5,583
6,562

Details of security provided:

The bank loan of £5,583 (2022 - £6,562) included in creditors due within one year is a COVID Bounce Back Loan, 100% guaranteed by the government.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
37,925
42,936


The following liabilities were secured:

2023
2022
£
£



COVID Bounce Back Loan
37,925
42,936

Details of security provided:

The bank loan of £37,925 (2022 - £42,936) included in creditors due after more than one year is a COVID Bounce Back Loan, 100% guaranteed by the government.

6

 
SOFTCHOW LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,583
6,562


5,583
6,562


Amounts falling due 2-5 years

Bank loans
23,827
23,301


23,827
23,301

Amounts falling due after more than 5 years

Bank loans
14,098
19,635

14,098
19,635

43,508
49,498



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



11.


Related party transactions

Included in other creditors is £614,954 (2022 - £614,954) to a company under common control. This is an interest free loan repayable on demand.
As at the year end, the company owed an amount of £5,857 (2022 - £Nil) to the director. This loan is interest free and repayable on demand.

 
7