Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true12023-05-01true1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13967500 2023-05-01 2024-04-30 13967500 2024-04-30 13967500 2022-03-10 2023-04-30 13967500 2023-04-30 13967500 c:Director1 2023-05-01 2024-04-30 13967500 d:CurrentFinancialInstruments 2024-04-30 13967500 d:CurrentFinancialInstruments 2023-04-30 13967500 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 13967500 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13967500 d:ShareCapital 2024-04-30 13967500 d:ShareCapital 2023-04-30 13967500 d:RetainedEarningsAccumulatedLosses 2024-04-30 13967500 d:RetainedEarningsAccumulatedLosses 2023-04-30 13967500 c:OrdinaryShareClass1 2023-05-01 2024-04-30 13967500 c:OrdinaryShareClass1 2024-04-30 13967500 c:OrdinaryShareClass1 2023-04-30 13967500 c:FRS102 2023-05-01 2024-04-30 13967500 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13967500 c:FullAccounts 2023-05-01 2024-04-30 13967500 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13967500 2 2023-05-01 2024-04-30 13967500 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13967500


UPSTART INTERNATIONAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
UPSTART INTERNATIONAL LIMITED
REGISTERED NUMBER: 13967500

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
282,214
243,500

Current asset investments
 5 
20
20

Cash at bank and in hand
 6 
14,832
102

  
297,066
243,622

Creditors: amounts falling due within one year
  
(55,769)
(1,500)

Net current assets
  
 
 
241,297
 
 
242,122

Total assets less current liabilities
  
241,297
242,122

  

Net assets
  
241,297
242,122


Capital and reserves
  

Called up share capital 
  
30
30

Profit and loss account
  
241,267
242,092

  
241,297
242,122


Page 1

 
UPSTART INTERNATIONAL LIMITED
REGISTERED NUMBER: 13967500
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 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 by: 




................................................
J Morris
Director

Date: 27 January 2025

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

Page 2

 
UPSTART INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Upstart International Limited is a private company limited by share capital,  registered in England and Wales. 
The company's registered number is 13967500. 
The company's registered office is 1 Vincent Square, London, United Kingdom, SW1P 2PN.

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

Interest income

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

 
2.3

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.

 
2.4

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.

 
2.5

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

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 year was 1 (2023 - 1).

Page 3

 
UPSTART INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
20,288
40,500

Amounts owed by joint ventures and associated undertakings
225,165
203,000

Other debtors
36,761
-

282,214
243,500


During the period under review, the director loaned funds from the company. The balance outstanding as at the balance sheet date amounted to £30,765 (2023 - £NIL). This amount is included within Other debtors due within one year on these financial statements. Interest is being charged on the outstanding loan balance at market rate and there are no fixed repayment terms.




5.


Current asset investments

2024
2023
£
£

Shares in group undertakings
20
20

20
20



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
14,832
102

14,832
102


Page 4

 
UPSTART INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
48,023
-

Corporation tax
5,996
-

Accruals and deferred income
1,750
1,500

55,769
1,500



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



30 (2023 - 30) Ordinary shares of £1.00 each
30
30



9.


Related party transactions

At the balance sheet date, Upstart Investments Limited has the following positions with companies under common control. There is no provision of uncollectable balances, the loans are interest free and deemed repayable on demand.


2024
2023
£
£

Upstart Digital Media Ltd
(48,023)
34,340
Upstart Investments Limited
20,288
6,160
Upstart Properties Limited
255,165
201,000
The Upstart Foundation CIC
-
2,000
227,430
243,500


10.


Controlling party

The controlling party of Upstart International Limited is J Morris by virtue of his majority shareholding in the company.

 
Page 5