Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31true142023-02-01falseNo description of principal activity8falsefalse 10638733 2023-02-01 2024-01-31 10638733 2022-02-01 2023-01-31 10638733 2024-01-31 10638733 2023-01-31 10638733 c:Director1 2023-02-01 2024-01-31 10638733 d:Buildings d:LongLeaseholdAssets 2023-02-01 2024-01-31 10638733 d:Buildings d:LongLeaseholdAssets 2024-01-31 10638733 d:Buildings d:LongLeaseholdAssets 2023-01-31 10638733 d:FurnitureFittings 2023-02-01 2024-01-31 10638733 d:FurnitureFittings 2024-01-31 10638733 d:FurnitureFittings 2023-01-31 10638733 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10638733 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10638733 d:Goodwill 2023-02-01 2024-01-31 10638733 d:Goodwill 2024-01-31 10638733 d:Goodwill 2023-01-31 10638733 d:CurrentFinancialInstruments 2024-01-31 10638733 d:CurrentFinancialInstruments 2023-01-31 10638733 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10638733 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10638733 d:ShareCapital 2024-01-31 10638733 d:ShareCapital 2023-01-31 10638733 d:RetainedEarningsAccumulatedLosses 2024-01-31 10638733 d:RetainedEarningsAccumulatedLosses 2023-01-31 10638733 c:OrdinaryShareClass1 2023-02-01 2024-01-31 10638733 c:OrdinaryShareClass1 2024-01-31 10638733 c:OrdinaryShareClass1 2023-01-31 10638733 c:FRS102 2023-02-01 2024-01-31 10638733 c:Audited 2023-02-01 2024-01-31 10638733 c:FullAccounts 2023-02-01 2024-01-31 10638733 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10638733 c:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10638733 4 2023-02-01 2024-01-31 10638733 d:Goodwill d:OwnedIntangibleAssets 2023-02-01 2024-01-31 10638733 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10638733









ZIA LUCIA 1 LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
ZIA LUCIA 1 LIMITED
REGISTERED NUMBER: 10638733

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,779
1,982

Tangible assets
 5 
131,203
116,608

  
132,982
118,590

Current assets
  

Stocks
 6 
4,383
5,000

Debtors: amounts falling due within one year
 7 
1,160,364
1,049,559

Cash at bank and in hand
 8 
80,710
140,022

  
1,245,457
1,194,581

Creditors: amounts falling due within one year
 9 
(689,046)
(739,019)

Net current assets
  
 
 
556,411
 
 
455,562

Total assets less current liabilities
  
689,393
574,152

  

Net assets
  
689,393
574,152


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
689,293
574,052

  
689,393
574,152


Page 1

 
ZIA LUCIA 1 LIMITED
REGISTERED NUMBER: 10638733
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 by: 




G D'Angelo
Director

Date: 27 January 2025

The notes on pages 4 to 11 form part of these financial statements.

Page 2

 
ZIA LUCIA 1 LIMITED
REGISTERED NUMBER: 10638733
Page 3

 
ZIA LUCIA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Zia Lucia 1 Limited is a private company limited by shares and incorporated in England and Wales
(Registered number 10638733). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.
Accordingly the director has continued to prepare the financial statements on a going concern basis.

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 4

 
ZIA LUCIA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
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

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.

 
2.6

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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.


 
2.8

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 5

 
ZIA LUCIA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

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:

Long-term leasehold property
-
Over the period of lease
Fixtures and fittings
-
20% Straight line

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.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 6

 
ZIA LUCIA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
14
8

Page 7

 
ZIA LUCIA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 February 2023
3,049



At 31 January 2024

3,049



Amortisation


At 1 February 2023
1,067


Charge for the year on owned assets
203



At 31 January 2024

1,270



Net book value



At 31 January 2024
1,779



At 31 January 2023
1,982



Page 8

 
ZIA LUCIA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 February 2023
127,472
121,410
248,882


Additions
17,755
6,207
23,962



At 31 January 2024

145,227
127,617
272,844



Depreciation


At 1 February 2023
30,989
101,286
132,275


Charge for the year on owned assets
-
9,366
9,366



At 31 January 2024

30,989
110,652
141,641



Net book value



At 31 January 2024
114,238
16,965
131,203



At 31 January 2023
96,484
20,124
116,608

Page 9

 
ZIA LUCIA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Stocks

2024
2023
£
£

Raw ingredients
4,383
5,000

4,383
5,000



7.


Debtors

2024
2023
£
£


Trade debtors
5,961
10,272

Amounts owed by group undertakings
1,131,880
1,020,077

Other debtors
16,351
13,349

Prepayments and accrued income
6,172
5,861

1,160,364
1,049,559



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
80,710
140,022

80,710
140,022



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
41,942
21,413

Amounts owed to group undertakings
535,511
637,690

Corporation tax
36,319
20,498

Other taxation and social security
39,268
36,756

Other creditors
31,062
19,473

Accruals and deferred income
4,944
3,189

689,046
739,019


Page 10

 
ZIA LUCIA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Pension commitments

The Company operates a defined contributions 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 £4,824 (2023 - £2,925) .
Contributions totalling £1,519 (2023 - £1,747) were payable to the fund at the balance sheet date and are
included in creditors.


12.


Related party transactions

The company has taken advantage of the exemption contained in Section 33 of FRS 102 ''Related Party
Disclosures'' from disclosing transactions with entities which are part of the group.


13.


Controlling party

The immediate parent undertaking is Zia Lucia Holdings Limited, a company registered in England and Wales. The address of the registered office is 101 New Cavendish Street, 1st Floor South, United Kingdom, W1W 6XH.
The ultimate controlling party was Vampeta Ltd, whose registered office address is 101 New Cavendish Street, 1st Floor South, United Kingdom, W1W 6XH.
The results of the Company are consolidated into the ultimate parent company and copies of the consolidated financial statements are available from the Registrar of Companies, Companies House, and the registered office address.


14.


Auditors' information

The auditors' report on the financial statements for the year ended 31 January 2024 was unqualified.

The audit report was signed on 27 January 2025 by Nicholas Newman (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

 
Page 11