Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31No description of principal activity0falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-08-01false0truefalse 07654433 2023-08-01 2024-07-31 07654433 2022-08-01 2023-07-31 07654433 2024-07-31 07654433 2023-07-31 07654433 c:Director2 2023-08-01 2024-07-31 07654433 d:CurrentFinancialInstruments 2024-07-31 07654433 d:CurrentFinancialInstruments 2023-07-31 07654433 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 07654433 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07654433 d:ShareCapital 2024-07-31 07654433 d:ShareCapital 2023-07-31 07654433 d:RetainedEarningsAccumulatedLosses 2024-07-31 07654433 d:RetainedEarningsAccumulatedLosses 2023-07-31 07654433 c:OrdinaryShareClass1 2023-08-01 2024-07-31 07654433 c:OrdinaryShareClass1 2024-07-31 07654433 c:OrdinaryShareClass1 2023-07-31 07654433 c:FRS102 2023-08-01 2024-07-31 07654433 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07654433 c:FullAccounts 2023-08-01 2024-07-31 07654433 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07654433 6 2023-08-01 2024-07-31 07654433 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07654433






SOLO RETAIL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
 












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SOLO RETAIL LIMITED
REGISTERED NUMBER:07654433

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
9,999
9,999

  
9,999
9,999

Current assets
  

Debtors: amounts falling due within one year
 5 
17,050
-

  
17,050
-

Creditors: amounts falling due within one year
 6 
(1,050)
-

Net current assets
  
 
 
16,000
 
 
-

Total assets less current liabilities
  
25,999
9,999

  

Net assets
  
25,999
9,999


Capital and reserves
  

Called up share capital 
 7 
9,999
9,999

Profit and loss account
  
16,000
-

  
25,999
9,999


Page 1

 
SOLO RETAIL LIMITED
REGISTERED NUMBER:07654433
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 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 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 on 10 March 2025.




R W J Ford
Director

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

Page 2

 
SOLO RETAIL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Solo Retail Limited is a private company, limited by shares, domiciled in England and Wales, registration number 07654433. The registered office is Value House Stores, Clovelly Road Industrial Estate, Bideford, England, EX39 3HN.

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

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
2.3

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
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 income and retained earnings 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.

Page 3

 
SOLO RETAIL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
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

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.

 
2.7

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 Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2023
9,999



At 31 July 2024
9,999








 

Page 4

 
SOLO RETAIL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
£


Amounts owed by group undertakings
1,050

Other debtors
16,000

17,050




6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
1,050
-

1,050
-



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



39,996 (2023 - 9,999) Ordinary Shares shares of £0.25 each
9,999
9,999

On 19 March 2024, the 9,999 ordinary shares of £1.00 each in the issued share capital of the company was sub-divided into 39,996 ordinary shares of £0.25 each.


 
Page 5