Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-02-21trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalseNo description of principal activity1true 15510367 2024-02-20 15510367 2024-02-21 2024-12-31 15510367 2023-02-21 2024-02-20 15510367 2024-12-31 15510367 c:Director1 2024-02-21 2024-12-31 15510367 d:CurrentFinancialInstruments 2024-12-31 15510367 d:Non-currentFinancialInstruments 2024-12-31 15510367 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15510367 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 15510367 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 15510367 d:ShareCapital 2024-12-31 15510367 d:RetainedEarningsAccumulatedLosses 2024-12-31 15510367 c:FRS102 2024-02-21 2024-12-31 15510367 c:AuditExempt-NoAccountantsReport 2024-02-21 2024-12-31 15510367 c:FullAccounts 2024-02-21 2024-12-31 15510367 c:PrivateLimitedCompanyLtd 2024-02-21 2024-12-31 15510367 2 2024-02-21 2024-12-31 15510367 6 2024-02-21 2024-12-31 15510367 e:PoundSterling 2024-02-21 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 15510367










41UG HOLDCO 1 LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
41UG HOLDCO 1 LIMITED
REGISTERED NUMBER: 15510367

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
Note
£

Fixed assets
  

Investments
  
200

  
200

Current assets
  

Debtors: amounts falling due after more than one year
 5 
25,592,296

Debtors: amounts falling due within one year
 5 
31,054

Cash at bank and in hand
 6 
183,590

  
25,806,940

Creditors: amounts falling due within one year
 7 
(6,072)

Net current assets
  
 
 
25,800,868

Total assets less current liabilities
  
25,801,068

Creditors: amounts falling due after more than one year
 8 
(26,747,776)

  

Net (liabilities)/assets
  
(946,708)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(946,808)

  
(946,708)


Page 1

 
41UG HOLDCO 1 LIMITED
REGISTERED NUMBER: 15510367
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 period 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 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 on 10 July 2025.




B M Williams
Director

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

Page 2

 
41UG HOLDCO 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

41UG Holdco 1 Limited is a private company limited by shares and is incorporated in England and Wales, registered number 15510367. The registered office is 104a Park Street, London W1K 6NG.
The company was incorporated on the 21 February 2024 and presents its first period of accounts to 31 December 2024.
The financial statements are rounded to the nearest pound sterling.
The following accounting policies have been applied:

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

The financial statements have been prepared on the going concern basis which is dependent on the continued financial support of the Company's creditors.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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.

Page 3

 
41UG HOLDCO 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 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 1.


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
200



At 31 December 2024
200




Page 4

 
41UG HOLDCO 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

5.


Debtors

2024
£

Due after more than one year

Amounts owed by group undertakings
22,436,811

Other debtors
3,155,485

25,592,296


2024
£

Due within one year

Prepayments and accrued income
31,054



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
183,590



7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
1,572

Accruals and deferred income
4,500

6,072



8.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
26,747,776


Page 5

 
41UG HOLDCO 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
£


Amounts falling due 1-2 years

Other loans
26,747,776



26,747,776



10.


Related party transactions

Transactions with fellow group companies have not been disclosed in accordance with FRS 102 1a. Amounts owed by group undertakings are shown in note 5.


11.


Controlling party

TThe Company's parent undertaking is 41UG Holdco 1 Limited (formerly North Wind Capital Limited), a company incorporated in England and Wales. The Company's ultimate controlling party is the Director.

 
Page 6