Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-06-05The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activityfalse5truefalse 14915567 2023-06-04 14915567 2023-06-05 2023-12-31 14915567 2022-07-01 2023-06-04 14915567 2023-12-31 14915567 c:Director4 2023-06-05 2023-12-31 14915567 d:CurrentFinancialInstruments 2023-12-31 14915567 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14915567 d:ShareCapital 2023-12-31 14915567 d:RetainedEarningsAccumulatedLosses 2023-12-31 14915567 c:OrdinaryShareClass1 2023-06-05 2023-12-31 14915567 c:OrdinaryShareClass1 2023-12-31 14915567 c:FRS102 2023-06-05 2023-12-31 14915567 c:AuditExempt-NoAccountantsReport 2023-06-05 2023-12-31 14915567 c:FullAccounts 2023-06-05 2023-12-31 14915567 c:PrivateLimitedCompanyLtd 2023-06-05 2023-12-31 14915567 2 2023-06-05 2023-12-31 14915567 e:PoundSterling 2023-06-05 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14915567









VIOLA CREDIT EU SERVICES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
VIOLA CREDIT EU SERVICES LTD
REGISTERED NUMBER: 14915567

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
11,919

Cash at bank and in hand
 5 
15,868

  
27,787

Creditors: amounts falling due within one year
 6 
(18,312)

Net current assets
  
 
 
9,475

Total assets less current liabilities
  
9,475

  

Net assets
  
9,475


Capital and reserves
  

Called up share capital 
 7 
10

Profit and loss account
  
9,465

  
9,475


Page 1

 
VIOLA CREDIT EU SERVICES LTD
REGISTERED NUMBER: 14915567
    
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 period 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 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 on 12 February 2025.




R Furman
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
VIOLA CREDIT EU SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Viola Credit EU Services Limited is a private company limited by shares and incorporated in England & Wales (registered number 14915567 ). 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

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

Interest income

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

Page 3

 
VIOLA CREDIT EU SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.


 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 4

 
VIOLA CREDIT EU SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees

2023
£

Wages and salaries
131,250

National insurance
17,236

Pension
948

149,434


The average monthly number of employees, including the directors, during the period was as follows:


        2023
            No.






Directors
5


4.


Debtors

2023
£


Other debtors
9,419

Prepayments and accrued income
2,500

11,919



5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
15,868

15,868


Page 5

 
VIOLA CREDIT EU SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
2,220

Other taxation and social security
10,534

Other creditors
4,738

Accruals and deferred income
820

18,312



7.


Share capital

2023
£
Allotted, called up and fully paid


1,000 Ordinary shares of £0.01 each
10


On 05th June 2023, the day of incorporation, 1000 Ordinary shares of £0.01 each were issued and fully paid.

 
Page 6