Caseware UK (AP4) 2024.0.164 2024.0.164 2023-12-312023-12-31false2023-01-01Security Dealing on own account11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13062172 2023-01-01 2023-12-31 13062172 2022-01-01 2022-12-31 13062172 2023-12-31 13062172 2022-12-31 13062172 c:Director1 2023-01-01 2023-12-31 13062172 d:ComputerEquipment 2023-01-01 2023-12-31 13062172 d:ComputerEquipment 2023-12-31 13062172 d:ComputerEquipment 2022-12-31 13062172 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13062172 d:CurrentFinancialInstruments 2023-12-31 13062172 d:CurrentFinancialInstruments 2022-12-31 13062172 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13062172 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13062172 d:ShareCapital 2023-12-31 13062172 d:ShareCapital 2022-12-31 13062172 d:RetainedEarningsAccumulatedLosses 2023-12-31 13062172 d:RetainedEarningsAccumulatedLosses 2022-12-31 13062172 c:FRS102 2023-01-01 2023-12-31 13062172 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13062172 c:FullAccounts 2023-01-01 2023-12-31 13062172 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13062172 6 2023-01-01 2023-12-31 13062172 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13062172









LB MAROUBRA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LB MAROUBRA LIMITED
REGISTERED NUMBER: 13062172

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
398
530

Investments
 5 
2,148,041
1,875,143

  
2,148,439
1,875,673

Current assets
  

Debtors: amounts falling due within one year
 6 
48,726
18,578

Cash at bank and in hand
 7 
601,546
1,237,025

  
650,272
1,255,603

Creditors: amounts falling due within one year
 8 
(2,997,500)
(3,002,500)

Net current liabilities
  
 
 
(2,347,228)
 
 
(1,746,897)

Total assets less current liabilities
  
(198,789)
128,776

  

Net (liabilities)/assets
  
(198,789)
128,776


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(198,790)
128,775

  
(198,789)
128,776


Page 1

 
LB MAROUBRA LIMITED
REGISTERED NUMBER: 13062172
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 her 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: 




Anca-Monica Pantelie
Director

Date: 28 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LB MAROUBRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

LB Maroubra Limited is a private company limited by shares and incorporated in England and Wales (Registered number 13062172). The registered office address is 101 New Cavendish Street, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

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

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

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.

Page 3

 
LB MAROUBRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

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 Comprehensive Income 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.

 
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.

Page 4

 
LB MAROUBRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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 (2022 - 1).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
530



At 31 December 2023

530



Depreciation


Charge for the year on owned assets
132



At 31 December 2023

132



Net book value



At 31 December 2023
398



At 31 December 2022
530

Page 5

 
LB MAROUBRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 January 2023
1,125,120
750,023
1,875,143


Additions
1,566,041
-
1,566,041


Disposals
(1,125,120)
-
(1,125,120)


Revaluations
239,340
(407,363)
(168,023)



At 31 December 2023
1,805,381
342,660
2,148,041




Page 6

 
LB MAROUBRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
48,726
18,578

48,726
18,578



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
601,546
1,237,025

601,546
1,237,025



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
2,970,000
3,000,000

Other creditors
25,000
-

Accruals and deferred income
2,500
2,500

2,997,500
3,002,500



9.


Related party transactions

As at balance sheet date, the company was owed £24,348 (2023: £18,578) from the director.

 
Page 7