Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-06-20truefalseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14947865 2023-06-19 14947865 2023-06-20 2024-03-31 14947865 2022-06-20 2023-06-19 14947865 2024-03-31 14947865 c:Director1 2023-06-20 2024-03-31 14947865 d:CurrentFinancialInstruments 2024-03-31 14947865 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14947865 d:ShareCapital 2024-03-31 14947865 d:RetainedEarningsAccumulatedLosses 2024-03-31 14947865 c:OrdinaryShareClass1 2023-06-20 2024-03-31 14947865 c:OrdinaryShareClass1 2024-03-31 14947865 c:FRS102 2023-06-20 2024-03-31 14947865 c:AuditExempt-NoAccountantsReport 2023-06-20 2024-03-31 14947865 c:FullAccounts 2023-06-20 2024-03-31 14947865 c:PrivateLimitedCompanyLtd 2023-06-20 2024-03-31 14947865 e:PoundSterling 2023-06-20 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14947865









CLIPEUS STORAGE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
CLIPEUS STORAGE LIMITED
REGISTERED NUMBER: 14947865

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
20,703

  
20,703

Creditors: amounts falling due within one year
 5 
(10,826)

Net current assets
  
 
 
9,877

Total assets less current liabilities
  
9,877

  

Net assets
  
9,877


Capital and reserves
  

Called up share capital 
 6 
100

Profit and loss account
  
9,777

  
9,877


Page 1

 
CLIPEUS STORAGE LIMITED
REGISTERED NUMBER: 14947865
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 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 2 December 2024.




S Jones
Director

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

Page 2

 
CLIPEUS STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Clipeus Storage Limited is a private company limited by shares and incorporated in England and Wales (registered number: 14947865).
The registered office is 101 New Cavendish Street, 1st Foor South, London, W1W 6XH, and the principal place of business address is Unit 15, 20 and 22 Chancerygate Business Centre, 170 Rowan Road, London, SW16 5BN.
The principal activity of the Company is that of operating storage facilities.

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

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 3

 
CLIPEUS STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

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

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.

 
2.6

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 receivables, 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.

Basic financial liabilities, which include trade and other payables, 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 receipts 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.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 4

 
CLIPEUS STORAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

3.


Employees




The average monthly number of employees, including directors, during the period was 1.


4.


Debtors

2024
£


Amounts owed by group undertakings
20,703

20,703



5.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
2,526

Other creditors
6,325

Accruals and deferred income
1,975

10,826



6.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On incorporation the Company issued 100 ordinary shares of £1 nominal value each, at par value.

 
Page 5