Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31trueNo description of principal activityfalse2023-04-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03149458 2023-04-01 2024-03-31 03149458 2022-04-01 2023-03-31 03149458 2024-03-31 03149458 2023-03-31 03149458 c:Director1 2023-04-01 2024-03-31 03149458 d:MotorVehicles 2023-04-01 2024-03-31 03149458 d:MotorVehicles 2024-03-31 03149458 d:MotorVehicles 2023-03-31 03149458 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03149458 d:FurnitureFittings 2023-04-01 2024-03-31 03149458 d:FurnitureFittings 2024-03-31 03149458 d:FurnitureFittings 2023-03-31 03149458 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03149458 d:ComputerEquipment 2023-04-01 2024-03-31 03149458 d:ComputerEquipment 2024-03-31 03149458 d:ComputerEquipment 2023-03-31 03149458 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03149458 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03149458 d:CurrentFinancialInstruments 2024-03-31 03149458 d:CurrentFinancialInstruments 2023-03-31 03149458 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03149458 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03149458 d:ShareCapital 2024-03-31 03149458 d:ShareCapital 2023-03-31 03149458 d:CapitalRedemptionReserve 2024-03-31 03149458 d:CapitalRedemptionReserve 2023-03-31 03149458 d:RetainedEarningsAccumulatedLosses 2024-03-31 03149458 d:RetainedEarningsAccumulatedLosses 2023-03-31 03149458 c:OrdinaryShareClass1 2023-04-01 2024-03-31 03149458 c:OrdinaryShareClass1 2024-03-31 03149458 c:OrdinaryShareClass1 2023-03-31 03149458 c:OrdinaryShareClass2 2023-04-01 2024-03-31 03149458 c:OrdinaryShareClass2 2024-03-31 03149458 c:OrdinaryShareClass2 2023-03-31 03149458 c:OrdinaryShareClass3 2023-04-01 2024-03-31 03149458 c:OrdinaryShareClass3 2024-03-31 03149458 c:OrdinaryShareClass3 2023-03-31 03149458 c:OrdinaryShareClass4 2023-04-01 2024-03-31 03149458 c:OrdinaryShareClass4 2024-03-31 03149458 c:OrdinaryShareClass4 2023-03-31 03149458 c:OrdinaryShareClass5 2023-04-01 2024-03-31 03149458 c:OrdinaryShareClass5 2024-03-31 03149458 c:OrdinaryShareClass5 2023-03-31 03149458 c:FRS102 2023-04-01 2024-03-31 03149458 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03149458 c:FullAccounts 2023-04-01 2024-03-31 03149458 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03149458 2 2023-04-01 2024-03-31 03149458 6 2023-04-01 2024-03-31 03149458 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03149458









SOUTH SQUARE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SOUTH SQUARE LIMITED
REGISTERED NUMBER: 03149458

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
93,207
118,791

Investments
  
1,300,000
2,000,000

  
1,393,207
2,118,791

Current assets
  

Debtors: amounts falling due within one year
 5 
6,007,582
5,609,267

Current asset investments
 6 
7,605,329
6,987,656

Cash at bank and in hand
 7 
243,008
786,511

  
13,855,919
13,383,434

Creditors: amounts falling due within one year
 8 
(622,351)
(1,859,358)

Net current assets
  
 
 
13,233,568
 
 
11,524,076

Total assets less current liabilities
  
14,626,775
13,642,867

  

Net assets
  
14,626,775
13,642,867


Capital and reserves
  

Called up share capital 
 9 
600,050
600,050

Capital redemption reserve
  
50
50

Profit and loss account
  
14,026,675
13,042,767

  
14,626,775
13,642,867


Page 1

 
SOUTH SQUARE LIMITED
REGISTERED NUMBER: 03149458
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 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 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: 




M O Goldstein
Director

Date: 30 January 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SOUTH SQUARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

South Square Limited is a private company limited by shares and incorporated in England (registered number 03149458). 
Its registered office is 101 New Cavendish Street, 1st Floor South London, W1W 6XH.
The principal activity of the company continued to be that of an consultancy and investment company.
The financial statements are presented in Sterling, which is the functional currency of the company.

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 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.

Page 3

 
SOUTH SQUARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25% Straight-line
Fixtures and fittings
-
25% Reducing balance
Computer equipment
-
25% Reducing balance

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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

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.

 
2.6

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.

Page 4

 
SOUTH SQUARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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

Interest income

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

 
2.9

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.


3.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
113,411
97,364
16,042
226,817


Additions
-
4,157
2,902
7,059



At 31 March 2024

113,411
101,521
18,944
233,876



Depreciation


At 1 April 2023
4,725
96,359
6,942
108,026


Charge for the year on owned assets
28,353
1,290
3,000
32,643



At 31 March 2024

33,078
97,649
9,942
140,669



Net book value



At 31 March 2024
80,333
3,872
9,002
93,207



At 31 March 2023
108,686
1,005
9,100
118,791

Page 5

 
SOUTH SQUARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Investments

£



Cost or valuation


At 1 April 2023
2,000,000


Additions
1,300,000


Disposals
(2,000,000)



At 31 March 2024
1,300,000





5.


Debtors

2024
2023
£
£


Other debtors
6,002,000
5,602,000

Prepayments and accrued income
5,582
7,267

6,007,582
5,609,267



6.


Current asset investments

2024
2023
£
£

Unlisted investments
7,605,329
6,987,656

7,605,329
6,987,656



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
243,008
786,511

243,008
786,511


Page 6

 
SOUTH SQUARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
167,842
71,244

Other taxation and social security
2,106
3,765

Other creditors
444,563
1,779,509

Accruals and deferred income
7,840
4,840

622,351
1,859,358


Page 7

 
SOUTH SQUARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



219,018 (2023 - 219,018) Ordinary A shares of £1.00 each
219,018
219,018
219,017 (2023 - 219,017) Ordinary B shares of £1.00 each
219,017
219,017
54,005 (2023 - 54,005) Ordinary C shares of £1.00 each
54,005
54,005
54,005 (2023 - 54,005) Ordinary D shares of £1.00 each
54,005
54,005
54,005 (2023 - 54,005) Ordinary E shares of £1.00 each
54,005
54,005

600,050

600,050


 
Page 8