Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalsetrue2023-01-01No description of principal activity32true 14168067 2023-01-01 2023-12-31 14168067 2022-06-13 2022-12-31 14168067 2023-12-31 14168067 2022-12-31 14168067 c:Director1 2023-01-01 2023-12-31 14168067 c:Director2 2023-01-01 2023-12-31 14168067 c:RegisteredOffice 2023-01-01 2023-12-31 14168067 d:CurrentFinancialInstruments 2023-12-31 14168067 d:CurrentFinancialInstruments 2022-12-31 14168067 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14168067 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 14168067 d:ShareCapital 2023-12-31 14168067 d:ShareCapital 2022-12-31 14168067 d:RetainedEarningsAccumulatedLosses 2023-12-31 14168067 d:RetainedEarningsAccumulatedLosses 2022-12-31 14168067 c:OrdinaryShareClass1 2023-01-01 2023-12-31 14168067 c:OrdinaryShareClass1 2023-12-31 14168067 c:OrdinaryShareClass1 2022-12-31 14168067 c:FRS102 2023-01-01 2023-12-31 14168067 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 14168067 c:FullAccounts 2023-01-01 2023-12-31 14168067 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 14168067 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 14168067












BLOOM STANDARD UK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 

BLOOM STANDARD UK LTD

CONTENTS



Page
Company information
 
1
Balance sheet
 
2 - 3
Notes to the financial statements
 
4 - 7


 

BLOOM STANDARD UK LTD
 
COMPANY INFORMATION


Directors
J B Colvin
A K Saarinen




Registered number
14168067



Registered office
5 New Street Square

London

EC4A 3TW




Accountants
Blick Rothenberg Limited
Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:14168067
BLOOM STANDARD UK LTD

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Period  ended 31 December 2022
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
1,000
1,000

  
1,000
1,000

Creditors: amounts falling due within one year
 4 
(75,663)
(6,576)

Net current liabilities
  
 
 
(74,663)
 
 
(5,576)

Net liabilities
  
(74,663)
(5,576)


Capital and reserves
  

Called up share capital 
 5 
1,000
1,000

Profit and loss account
  
(75,663)
(6,576)

Net deficit
  
(74,663)
(5,576)


Page 2


 
REGISTERED NUMBER:14168067
BLOOM STANDARD UK LTD
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 by: 




J B Colvin
Director

Date: 31 January 2025

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 

BLOOM STANDARD UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Bloom Standard UK Ltd is a private company limited by shares incorporated in England and Wales. The address of its registered office is 5 New Street Square, London, EC4A 3TW.
The financial statements are presented in Sterling (£), which in the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

Going concern

The financial statements have been prepared on a going concern basis notwithstanding the fact that
the company has a deficiency on total equity at the end of the year. The directors consider this basis
to be appropriate as the company has sufficient facilities available from its shareholders to fund its
working capital requirements for a period of at least twelve months from the date these financial
statements were approved.

 
2.3

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. 

  
2.4

Share capital

Ordinary shares are classified as equity.


2.5

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Page 4

 

BLOOM STANDARD UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)





Financial instruments (continued)

Financial assets
Basic financial assets, including cash and bank balances, are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Page 5

 

BLOOM STANDARD UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)





Financial instruments (continued)

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).


4.


Creditors: amounts falling due within one year

2023
Period ended 31 December 2022
£
£

Trade creditors
5,400
1,176

Amounts owed to group undertakings
38,930
-

Other taxation and social security
18,435
-

Other creditors
7,498
-

Accruals
5,400
5,400

75,663
6,576


Page 6

 

BLOOM STANDARD UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Share capital

2023
Period ended 31 December 2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000

The holders of ordinary shares are entitled to receive dividends as declared from time to time and are
entitled to one vote per share at meetings of the Company.



6.


Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.


7.


Controlling party

The parent undertaking is Bloom Standard, Inc., whose registered office is 854 Rosedale Ctr, Suite 1010, Roseville, MN 55113.

 
Page 7