Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-292024-06-29No description of principal activityfalsetrue1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-301truefalse 10840307 2023-06-30 2024-06-29 10840307 2022-06-30 2023-06-29 10840307 2024-06-29 10840307 2023-06-29 10840307 c:Director1 2023-06-30 2024-06-29 10840307 d:CurrentFinancialInstruments 2024-06-29 10840307 d:CurrentFinancialInstruments 2023-06-29 10840307 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-29 10840307 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-29 10840307 d:ShareCapital 2024-06-29 10840307 d:ShareCapital 2023-06-29 10840307 d:RetainedEarningsAccumulatedLosses 2024-06-29 10840307 d:RetainedEarningsAccumulatedLosses 2023-06-29 10840307 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-06-29 10840307 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-29 10840307 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:UnlistedNon-exchangeTraded 2024-06-29 10840307 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:UnlistedNon-exchangeTraded 2023-06-29 10840307 c:OrdinaryShareClass1 2023-06-30 2024-06-29 10840307 c:OrdinaryShareClass1 2024-06-29 10840307 c:OrdinaryShareClass1 2023-06-29 10840307 c:FRS102 2023-06-30 2024-06-29 10840307 c:AuditExempt-NoAccountantsReport 2023-06-30 2024-06-29 10840307 c:FullAccounts 2023-06-30 2024-06-29 10840307 c:PrivateLimitedCompanyLtd 2023-06-30 2024-06-29 10840307 6 2023-06-30 2024-06-29 10840307 e:PoundSterling 2023-06-30 2024-06-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10840307









90 INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 JUNE 2024

 
90 INVESTMENTS LIMITED
REGISTERED NUMBER: 10840307

BALANCE SHEET
AS AT 29 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
-
171,362

  
-
171,362

Current assets
  

Debtors: amounts falling due within one year
 5 
-
4,630

Cash at bank and in hand
  
6,076
91,496

  
6,076
96,126

Creditors: amounts falling due within one year
 6 
(147,210)
(407,495)

Net current liabilities
  
 
 
(141,134)
 
 
(311,369)

Total assets less current liabilities
  
(141,134)
(140,007)

  

Net liabilities
  
(141,134)
(140,007)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(141,135)
(140,008)

  
(141,134)
(140,007)


Page 1

 
90 INVESTMENTS LIMITED
REGISTERED NUMBER: 10840307
    
BALANCE SHEET (CONTINUED)
AS AT 29 JUNE 2024

The director considers 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 director acknowledges his 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 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 17 March 2025.




N Nathwani
Director

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

Page 2

 
90 INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 10840307.  The Company's registered office is 21 Wainwright Street, Aston, Birmingham, B6 5TJ.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Going concern

The investment portfolio previously suffered a reduction in market value due to the uncertainty surrounding Brexit, COVID-19 and the cost of living crisis as such suffered some losses over the last few years resulting in net liabilities.  The director, who is the largest creditor, is commited to continuing to support the company and as such the accounts have been prepared on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
90 INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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

Valuation of investments

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.

 
2.7

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.

 
2.8

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.

 
2.9

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 directors, during the year was 1 (2023 - 1).

Page 4

 
90 INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

4.


Fixed asset investments





Listed investments

£





At 30 June 2023
171,362


Additions
2,215


Disposals
(173,577)



At 29 June 2024
-





5.


Debtors

2024
2023
£
£


Prepayments and accrued income
-
4,630

-
4,630



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
730
1,659

Other creditors
144,500
403,856

Accruals and deferred income
1,980
1,980

147,210
407,495


Page 5

 
90 INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

7.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
-
171,362

Financial assets that are measured at undiscounted amount payable
6,076
96,127

6,076
267,489


Financial liabilities


Financial liabilities that are measured at undiscounted amount payable
25,356
25,356

Financial assets measured at fair value through profit or loss comprise investments held at market value. 


Financial assets that are measured at undiscounted amount payable comprise cash at bank, other debtors and accrued income. 


Financial liabilities measured at fair value through profit or loss comprise bank loans. 


Financial liabilities that are measured at undiscounted amount payable comprise bank overdrafts, other creditors and accruals. 


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



9.


Related party transactions

During the period the company received a loan from a director of £1,319,983 (2023 - £Nil) and made repayments of £1,579,341 (2023 - £120,000).  The balance due to the director at 29 June 2024 was £121,124 (2023 - £380,482).  Loans are interest free and repayable on demand.

 
Page 6