Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2023-07-12false00truetruefalse 14998202 2023-07-11 14998202 2023-07-12 2024-07-31 14998202 2022-07-12 2023-07-11 14998202 2024-07-31 14998202 1 2023-07-12 2024-07-31 14998202 d:Director1 2023-07-12 2024-07-31 14998202 c:CurrentFinancialInstruments 2024-07-31 14998202 c:CurrentFinancialInstruments c:WithinOneYear 2024-07-31 14998202 c:ShareCapital 2024-07-31 14998202 c:RetainedEarningsAccumulatedLosses 2024-07-31 14998202 d:OrdinaryShareClass1 2023-07-12 2024-07-31 14998202 d:OrdinaryShareClass1 2024-07-31 14998202 d:OrdinaryShareClass2 2023-07-12 2024-07-31 14998202 d:OrdinaryShareClass2 2024-07-31 14998202 d:FRS102 2023-07-12 2024-07-31 14998202 d:AuditExempt-NoAccountantsReport 2023-07-12 2024-07-31 14998202 d:FullAccounts 2023-07-12 2024-07-31 14998202 d:PrivateLimitedCompanyLtd 2023-07-12 2024-07-31 14998202 6 2023-07-12 2024-07-31 14998202 e:PoundSterling 2023-07-12 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14998202









OR LEAGHAN CASKCO ONE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2024

 
OR LEAGHAN CASKCO ONE LTD
REGISTERED NUMBER: 14998202

BALANCE SHEET
AS AT 31 JULY 2024

2024
Note
£

Fixed assets
  

Investments
 5 
1,385,843

  
1,385,843

Current assets
  

Debtors
 6 
137,435

Cash at bank and in hand
 7 
114,388

  
251,823

Creditors: amounts falling due within one year
 8 
(20,937)

Net current assets
  
 
 
230,886

Total assets less current liabilities
  
1,616,729

  

Net assets
  
1,616,729


Capital and reserves
  

Called up share capital 
  
1,604,935

Profit and loss account
  
11,794

  
1,616,729


Page 1

 
OR LEAGHAN CASKCO ONE LTD
REGISTERED NUMBER: 14998202
    
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 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 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: 

Aaron William Logan
Director

Date: 19 March 2025

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

Page 2

 
OR LEAGHAN CASKCO ONE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

Or Leaghan Caskco One Ltd ('the Company') is a private company limited by share capital, incorporated under the UK Companies Act 2006 on 12 July 2023 and domiciled in England.
The address of the Company's registered office is Regina House, 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

  
2.1

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all reporting periods presented, unless otherwise stated.

 
2.2

Basis of preparation of financial statements

The financial statements of the Company 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 UK Companies Act 2006.
The preparation of financial statements in conformity with Financial Reporting Standard 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company's accounting policies.
Details of those estimates and/or judgments made in applying the Company's accounting policies towards the preparation of these financial statements that may be considered as yielding a significant risk of a material adjustment being made to the carrying amounts of assets and/or liabilities reported in the balance sheet during the next financial reporting period are disclosed in note 3 to the financial statements.

  
2.3

Functional and presentational currency

Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which the Company operates (the "functional currency").
The functional currency of the Company, and the currency in which the financial statements are presented (the "presentational currency"), is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.

Page 3

 
OR LEAGHAN CASKCO ONE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Going concern

In assessing whether the going concern basis remains appropriate for the preparation of the financial statements, the directors have reviewed the Company’s principal and emerging risks, access to funding and liquidity position and the Company's performance up to the date these financial statements were approved and expected performance over the 18 months following the balance sheet date.
Based on their assessment, the directors are of the conclusion that the Company will have, available at its disposal, adequate resources to continue in operational existence for the foreseeable future.
While there will always remain an inherent uncertainty, as is the case for all companies, the directors have no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the Company to continue as a going concern and therefore consider it both appropriate to continue to adopt the going concern basis in preparing the Company's financial statements and to not recognise any adjustments in the financial statements that would arise if the going concern basis were to become no longer appropriate.

 
2.5

Taxation

Taxation comprises of income and/or corporate taxation ("current taxation") and deferred taxation recognised solely in profit or loss.
Current taxation is calculated using tax rates and on the basis of tax laws enacted or substantively enacted at the balance sheet date where taxable income is generated by the Company through its business operations.
Deferred taxation is recognised on temporary differences arising between the tax bases of assets and liabilities and their respective carrying amounts in the financial statements. Deferred taxation is calculated using tax rates and on the basis of tax laws enacted or substantively enacted at the balance sheet date expected to apply when the related deferred tax asset/liability is realised/settled.
Deferred tax assets are recognised only to the extent that it is sufficiently probable that future taxable profits will be available against which the temporary differences can be utilised.

 
2.6

Fixed asset investments

Other fixed asset investments held by the Company comprise of Scotch Whisky cask holdings initially recognised at transaction cost and subsequently measured at cost less provision for impairment at the balance sheet date.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities; with said financial assets and liabilities classified in accordance with the substance of the underlying contractual obligations rather than its legal form.
Financial assets and liabilities are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.
 
Page 4

 
OR LEAGHAN CASKCO ONE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or the financial asset is transferred along with substantially all the risks and rewards of ownership of the asset to another party. Financial liabilities are derecognised only when the Company’s obligations are discharged, cancelled or expired.
The measurement of specific financial assets, financial liabilities, and equity held by the Company is as outlined below in notes 2.8 to 2.11.

 
2.8

Debtors

Debtors are initially measured at transaction price (i.e fair value) and subsequently held, at transaction price less provision for impairment of assets.

 
2.9

Cash and cash equivalents

Cash balances are reported by the Company as being financial instruments classified as short term receivables and are represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

Creditors

Creditors are initially measured, and subsequently held, at transaction price (i.e fair value).

 
2.11

Equity

Ordinary share capital, shown in equity, is initially measured and subsequently held at its nominal value. Where the transaction price for issued shares exceeds their nominal value, the difference is shown under equity in a share premium account with any directly attributable transaction costs associated with the issuing of said shares deducted from said share premium account.
Equity dividends are recognised in the reporting period in which they become legally payable.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, the directors are required to apply judgment and make estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other available sources based on historical experience and other factors that are considered to be relevant. Consequently, actual results may differ from that originally estimated.
The judgments, estimates and assumptions that are considered as having a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period are addressed below:
Impairment of fixed asset investments in Scotch Whisky cask holdings
As Scotch Whisky casks are not a regularly traded commodity on an open market, any assessment of impairment will involve an inevitable degree of judgment in that each cask and the Whisky it holds is unique and whose value can only ultimately be reliably tested in the market itself. 
 
Page 5

 
OR LEAGHAN CASKCO ONE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

3.Judgments in applying accounting policies (continued)

Directors will therefore assess the recoverable value of its investments by taking into consideration guidance from third party professionals and factors including supply and demand, cask ageing and quality as well as observed historical and speculated future market experience, the likelihood of future sale and whether the current carrying value exceeds the expected net proceeds in disposal.


4.


Employees




The average monthly number of employees, including directors, during the period was 0.


5.


Fixed asset investments





Other fixed asset investments

£



Cost 


Additions
1,467,307


Disposals
(81,464)



At 31 July 2024
1,385,843





6.


Debtors

2024
£


Falling due within one year

Other debtors
137,435


At the balance sheet date, the provision for impairment against debtors falling due within one year was £nil.


7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
114,388


Page 6

 
OR LEAGHAN CASKCO ONE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

8.


Creditors: Amounts falling due within one year

2024
£

Amounts owed to associated undertakings
5,581

Corporation tax
3,935

Other creditors
46

Accruals and deferred income
11,375

20,937


Amounts owed to associated undertakings are unsecured, interest free and repayable on demand with no fixed date of repayment.


9.


Financial instruments

The Company held no financial instruments that would require specific disclosure under sections 1.12, 11 or 12 of Financial Reporting Standard 102 or paragraph 36 of Schedule 1 to the Companies Act 2006.


10.


Share capital

2024
£
Allotted, called up and fully paid


1,603,935 Ordinary shares of £1.00 each
1,603,935
100,000 Ordinary A shares of £0.01 each
1,000

1,604,935


On incorporation, the Company issued 2 Ordinary shares of £1 nominal value and 100,000 Ordinary A shares of £0.01 nominal value for cash at par
On 31 January 2024, the Company issued 1,555,986 Ordinary shares of £1 nominal value for cash at par.
On 28 February 2024, the Company issued 47,947 Ordinary shares of £1 nominal value for cash at par.


11.


Related party transactions

At the balance sheet date, the Company owed £46 to its directors and £5,581 to associated undertakings respectively. Amounts owed are unsecured, non-interest bearing and repayable on demand with no fixed date for repayment.

Page 7

 
OR LEAGHAN CASKCO ONE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

12.


Post balance sheet events

On 11 October 2024, a special resolution was passed by which all Ordinary A shares of £0.01 nominal value in issue on said date were cancelled and extinguished.

 
Page 8