Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31truetruefalse2023-09-01No description of principal activity11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08664480 2023-09-01 2024-08-31 08664480 2022-09-01 2023-08-31 08664480 2024-08-31 08664480 2023-08-31 08664480 c:Director1 2023-09-01 2024-08-31 08664480 c:RegisteredOffice 2023-09-01 2024-08-31 08664480 d:CurrentFinancialInstruments 2024-08-31 08664480 d:CurrentFinancialInstruments 2023-08-31 08664480 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 08664480 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08664480 d:ShareCapital 2024-08-31 08664480 d:ShareCapital 2023-08-31 08664480 d:RetainedEarningsAccumulatedLosses 2024-08-31 08664480 d:RetainedEarningsAccumulatedLosses 2023-08-31 08664480 c:FRS102 2023-09-01 2024-08-31 08664480 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08664480 c:FullAccounts 2023-09-01 2024-08-31 08664480 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08664480 d:WithinOneYear 2024-08-31 08664480 d:WithinOneYear 2023-08-31 08664480 d:BetweenOneFiveYears 2024-08-31 08664480 d:BetweenOneFiveYears 2023-08-31 08664480 2 2023-09-01 2024-08-31 08664480 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Registered number: 08664480








ONE POINT TWENTY ONE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
ONE POINT TWENTY ONE LIMITED
 

COMPANY INFORMATION


Director
N. P. Berg 




Registered number
08664480



Registered office
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BN





 
ONE POINT TWENTY ONE LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 5


 
ONE POINT TWENTY ONE LIMITED
REGISTERED NUMBER: 08664480

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Current assets
  

Debtors
 4 
5,554
10,393

Cash at bank and in hand
  
4,526
1,744

  
10,080
12,137

Creditors: amounts falling due within one year
 5 
(9,759)
(11,424)

  

Net assets
  
321
713


Capital and reserves
  

Allotted, called up and fully paid share capital
  
1
1

Profit and loss account
  
320
712

Equity shareholder's funds
  
321
713


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 Director's Report and the Statment of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
10 April 2025.




N. P. Berg
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ONE POINT TWENTY ONE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

One Point Twenty One Limited (company number: 08664480), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN, is a private limited company incorporated in England and Wales. The principal trading address of the Company is 7 Piano Yard, London, NW5 1BF.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Statement of Cash Flows

The Company has taken advantage of the exemption in Financial Report Standard 102, Section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

Page 2

 
ONE POINT TWENTY ONE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings 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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

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.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

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. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

 
2.10

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 the Statement of Income and Retained Earnings.

Page 3

 
ONE POINT TWENTY ONE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.11

Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

 
2.12

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

 
2.13

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current corporation 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not
reversed by the Balance Sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
 
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.


3.


Employees

The average number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
ONE POINT TWENTY ONE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Debtors

2024
2023
£
£

Due within one year

Trade debtors
5,554
10,393



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
4,448
4,057

Other taxation and social security
1,535
-

Other creditors
476
4,247

Accruals and deferred income
3,300
3,120

9,759
11,424



6.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,000 (2023: £6,000).
At the year-end, there were no contributions payable to the pension fund.


7.


Related party transactions

Included within other creditors are amounts of £476 (2023: £4,247) due to N. Berg, the director and shareholder of the Company.
Dividends of £19,000 
(2023: £16,450) were paid during the year to the shareholder who is also a director of the Company.


8.


Commitments under operating leases

At 31 August 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
3,437
5,155

Later than 1 year and not later than 5 years
-
5,155

3,437
10,310


Page 5