Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-222025-05-222024-05-17truetruetruetruetruetrueNo description of principal activity4false 15725800 2024-05-16 15725800 2024-05-17 2024-12-31 15725800 2023-05-17 2024-05-16 15725800 2024-12-31 15725800 c:Director4 2024-05-17 2024-12-31 15725800 d:CurrentFinancialInstruments 2024-12-31 15725800 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15725800 d:ShareCapital 2024-12-31 15725800 d:SharePremium 2024-12-31 15725800 c:OrdinaryShareClass1 2024-05-17 2024-12-31 15725800 c:OrdinaryShareClass1 2024-12-31 15725800 c:EntityHasNeverTraded 2024-05-17 2024-12-31 15725800 c:FRS101 2024-05-17 2024-12-31 15725800 c:Audited 2024-05-17 2024-12-31 15725800 c:FullAccounts 2024-05-17 2024-12-31 15725800 c:PrivateLimitedCompanyLtd 2024-05-17 2024-12-31 15725800 c:SmallCompaniesRegimeForAccounts 2024-05-17 2024-12-31 15725800 d:FinancialAssetsAmortisedCost 2024-05-17 2024-12-31 15725800 d:FinancialLiabilitiesAmortisedCost 2024-05-17 2024-12-31 15725800 6 2024-05-17 2024-12-31 15725800 e:PoundSterling 2024-05-17 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 15725800









LV3 LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
LV3 LIMITED
REGISTERED NUMBER: 15725800

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
Note
£

Fixed assets
  

Investments
 4 
100

  
100

Current assets
  

Debtors: amounts falling due within one year
 5 
15,000,000

  
15,000,000

Creditors: amounts falling due within one year
 6 
(11,250,100)

Net current assets
  
 
 
3,749,900

Total assets less current liabilities
  
3,750,000

  

  

  

Net assets excluding pension asset
  
3,750,000

Net assets
  
3,750,000


Capital and reserves
  

Called up share capital 
  
1,000,000

Share premium account
  
2,750,000

  
3,750,000


Page 1

 
LV3 LIMITED
REGISTERED NUMBER: 15725800
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The Company's financial statements have been prepared in accordance with the provisions applicable to entities 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 profit and loss account 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 22 May 2025.




R H Silver
Director

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

Page 2

 
LV3 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

LV3 Limited is a private company limited by shares and incorporated in England and Wales (registered number: 15725800). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. The principal activity of the Company is that of an investment holding company.
The Company was incorporated on 17 May 2024.
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 Financial Reporting Standard 101 'Reduced Disclosure Framework'  and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

 
2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:
the requirements of IFRS 7 Financial Instruments: Disclosures
the requirements of IAS 7 Statement of Cash Flows
the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member

This information is included in the consolidated financial statements of SG Rocks (UK) Limited as at 31/12/2024 and these financial statements may be obtained from C/O Work.Life, 33 Foley Street, London, England, W1W 7TL.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company recognises financial instruments when it becomes a party to the contractual arrangements of the instrument.

Financial instruments are de-recognised when they are discharged or when the contractual terms
Page 3

 
LV3 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)

expire. The Company's accounting policies in respect of financial instruments transactions are explained below:

Financial assets and financial liabilities are initially measured at fair value. 

Financial assets

All recognised financial assets are subsequently measured in their entirety at either fair value or amortised cost, depending on the classification of the financial assets.

Debt instruments at amortised cost

Debt instruments are subsequently measured at amortised cost where they are financial assets held within a business model whose objective is to hold financial assets in order to collect contractual cash flows and selling the financial assets, and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Amortised cost is calculated using the effective interest method and represents the amount measured at initial recognition less repayments of principal plus the cumulative amortisation using the effective interest method of any difference between the initial amount and the maturity amount, adjusted for any loss allowance.

Financial liabilities

At amortised cost

Financial liabilities which are neither contingent consideration of an acquirer in a business combination, held for trading, nor designated as at fair value through profit or loss are subsequently measured at amortised cost using the effective interest method. This is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or where appropriate a shorter period, to the amortised cost of a financial liability.


3.


Employees




The average monthly number of employees, including the directors, during the period was as follows:


     Period ended
     31 December
        2024
            No.






Directors
4

Page 4

 
LV3 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
100



At 31 December 2024
100





5.


Debtors

2024
£


Amounts owed by group undertakings
15,000,000

15,000,000



6.


Creditors: Amounts falling due within one year

2024
£

Amounts owed to group undertakings
10,500,100

Other creditors
750,000

11,250,100



7.


Share capital

2024
£
Allotted, called up and fully paid


1,000,000 Ordinary shares of £1.00 each
1,000,000


On incorporation, the Company issued 100 ordinary shares of £100 aggregate nominal value at par value.
On 17th June 2024, the Company issued a further 999,900 ordinary shares of £999,900 aggregate nominal value for consideration of £3,750,000.

Page 5

 
LV3 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

8.


Related party transactions

The Company owes £11,250,000 to its shareholders. These sums are loaned on an interest-free basis.
FRS 101 does not require disclosure of transactions between members of a group provided that any subsidiary which is a party to the transaction is wholly owned by such a member.


9.


Controlling party

The immediate parent company and ultimate controlling party is SG Rocks (UK) Limited a company incorporated in England and Wales (registered number: 14687640), and whose registered office address is C/O Work.Life, 33 Foley Street, London, England, W1W 7TL.


10.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2024 was unqualified.

The audit report was signed on 22 May 2025 by Daniel Walters (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

Page 6