Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30true0false2023-07-01Retail sale of sports goods, fishing gear, camping foods, boats and bicycles2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14435888 2023-07-01 2024-06-30 14435888 2022-10-21 2023-06-30 14435888 2024-06-30 14435888 2023-06-30 14435888 c:Director1 2023-07-01 2024-06-30 14435888 d:CurrentFinancialInstruments 2024-06-30 14435888 d:CurrentFinancialInstruments 2023-06-30 14435888 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14435888 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 14435888 d:ShareCapital 2024-06-30 14435888 d:ShareCapital 2023-06-30 14435888 d:RetainedEarningsAccumulatedLosses 2024-06-30 14435888 d:RetainedEarningsAccumulatedLosses 2023-06-30 14435888 c:OrdinaryShareClass1 2023-07-01 2024-06-30 14435888 c:OrdinaryShareClass1 2024-06-30 14435888 c:OrdinaryShareClass1 2023-06-30 14435888 c:FRS102 2023-07-01 2024-06-30 14435888 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14435888 c:FullAccounts 2023-07-01 2024-06-30 14435888 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14435888 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14435888









SHARED PATH UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
SHARED PATH UK LIMITED
REGISTERED NUMBER: 14435888

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
100
100

Cash at bank and in hand
  
4,598
800

  
4,698
900

Creditors: amounts falling due within one year
 5 
(120,454)
(131,217)

NET CURRENT LIABILITIES
  
 
 
(115,756)
 
 
(130,317)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(115,756)
(130,317)

  

NET LIABILITIES
  
(115,756)
(130,317)


CAPITAL AND RESERVES
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(115,856)
(130,417)

  
(115,756)
(130,317)


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.

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SHARED PATH UK LIMITED
REGISTERED NUMBER: 14435888
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 by: 




M Armstrong
Director

Date: 13 June 2025

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

Page 2

 
SHARED PATH UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


GENERAL INFORMATION

Shared Path UK Limited is a private Company limited by shares and incorporated in England & Wales. Its registered office is Salisbury House, Station Road, Cambridge, Cambridgeshire, CB1 2LA.

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

GOING CONCERN

At the balance sheet date the Company had net liabilites of £115,756 (2023 - £130,317). The Company continues to trade on a going concern basis as it receives the support of related Companies to ensure it meets its liabilities as they fall due. 

 
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.

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

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SHARED PATH UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

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.

 
2.6

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.

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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
SHARED PATH UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
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 period was 2 (2023 - 0).


4.


DEBTORS

2024
2023
£
£


Unpaid share capital
100
100

100
100



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
18,929
27,973

Other taxation and social security
8,076
6,788

Other creditors
90,694
93,906

Accruals and deferred income
2,755
2,550

120,454
131,217


Included in other creditors is £90,694 (2023 - £93,906) owed to a related company. 

Page 5

 
SHARED PATH UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND NIL PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
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