Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01false55truetrue 06968322 2024-01-01 2024-12-31 06968322 2023-01-01 2023-12-31 06968322 2024-12-31 06968322 2023-12-31 06968322 c:CompanySecretary1 2024-01-01 2024-12-31 06968322 c:Director1 2024-01-01 2024-12-31 06968322 c:Director2 2024-01-01 2024-12-31 06968322 c:Director3 2024-01-01 2024-12-31 06968322 c:Director4 2024-01-01 2024-12-31 06968322 c:Director5 2024-01-01 2024-12-31 06968322 c:RegisteredOffice 2024-01-01 2024-12-31 06968322 c:Agent1 2024-01-01 2024-12-31 06968322 d:Buildings 2024-01-01 2024-12-31 06968322 d:Buildings 2024-12-31 06968322 d:Buildings 2023-12-31 06968322 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06968322 d:PlantMachinery 2024-01-01 2024-12-31 06968322 d:PlantMachinery 2024-12-31 06968322 d:PlantMachinery 2023-12-31 06968322 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06968322 d:FurnitureFittings 2024-01-01 2024-12-31 06968322 d:OfficeEquipment 2024-01-01 2024-12-31 06968322 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06968322 d:CurrentFinancialInstruments 2024-12-31 06968322 d:CurrentFinancialInstruments 2023-12-31 06968322 d:Non-currentFinancialInstruments 2024-12-31 06968322 d:Non-currentFinancialInstruments 2023-12-31 06968322 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 06968322 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06968322 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 06968322 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06968322 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 06968322 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 06968322 d:ShareCapital 2024-12-31 06968322 d:ShareCapital 2023-12-31 06968322 d:RetainedEarningsAccumulatedLosses 2024-12-31 06968322 d:RetainedEarningsAccumulatedLosses 2023-12-31 06968322 d:OtherDeferredTax 2024-12-31 06968322 d:OtherDeferredTax 2023-12-31 06968322 c:FRS102 2024-01-01 2024-12-31 06968322 c:Audited 2024-01-01 2024-12-31 06968322 c:FullAccounts 2024-01-01 2024-12-31 06968322 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06968322 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06968322 2 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 06968322







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


EIGHTH DAY SOUND UK LIMITED






































                        

 


EIGHTH DAY SOUND UK LIMITED
 


 
COMPANY INFORMATION


Directors
T. A. Arko 
C. A. Bellante 
M. R. Clair 
S. E. Clair 
T. A. Clair 




Company secretary
S. E. Clair



Registered number
06968322



Registered office
14 Vickers Drive South
Brooklands Industrial Park

Weybridge

United Kingdom

KT13 0YX




Independent auditor
Ernst & Young LLP

1 More London Place

London

SE1 2AF




Accountants
Menzies LLP
Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY




Bankers
HSBC UK Bank plc
Level 6

71 Queen Victoria Street

London

EC4V 4AY





 


EIGHTH DAY SOUND UK LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 7


 


EIGHTH DAY SOUND UK LIMITED
REGISTERED NUMBER:06968322



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,665,973
1,754,503

  
1,665,973
1,754,503

Current assets
  

Debtors: amounts falling due within one year
 5 
519,175
368,776

Cash at bank and in hand
  
10,437
103,697

  
529,612
472,473

Creditors: amounts falling due within one year
 6 
(123,086)
(176,059)

Net current assets
  
 
 
406,526
 
 
296,414

Total assets less current liabilities
  
2,072,499
2,050,917

Creditors: amounts falling due after more than one year
 7 
(25,000)
(75,000)

Provisions for liabilities
  

Deferred tax
 9 
(91,191)
(104,341)

  
 
 
(91,191)
 
 
(104,341)

Net assets
  
1,956,308
1,871,576


Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
1,956,208
1,871,476

  
1,956,308
1,871,576


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: 


................................................
T. A. Clair
Director

Date: 29 August 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 


EIGHTH DAY SOUND UK LIMITED
 


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

1.


General information

Eighth Day Sound UK Limited is a private company limited by shares incorporated in England and Wales. The principal place of business is 14 Vickers Drive South, Brooklands Industrial Park, Weybridge, United Kingdom, KT13 0YX.

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

Going concern

At the year end the Group had net assets of £11,504,428 increased from £9,365,652 as at 31 December 2024. For at least the next 12 months from the date of these financial statements, due to the continued support of the ultimate parent Company and cash generated from operations, the directors have a reasonable expectation that the Group has adequate resources to continue operational existence. 
The Directors have received a letter of support from Clair Global Corporation that confirms their ability to provide continued financial  support to the company for it to meet its current and future liabilities as they fall due for a period of 12 months from date of the financial statements. In assessing the ability of the Directors to rely on this support, they have considered the group's future cash flows and level of committed facilities available at the group level to support liquidity. 
Taking into account the support from the parent Company, the Directors have a reasonable assurance to continue to adopt the going concern basis of accounting in preparing the annual financial statements.

 
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.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.5

Interest income

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

Page 2

 


EIGHTH DAY SOUND UK LIMITED
 


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

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting 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 reporting 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 reporting date.

Page 3

 


EIGHTH DAY SOUND UK LIMITED
 


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

2.Accounting policies (continued)

 
2.9

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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:

Freehold property
-
2%
Straight line
Plant and machinery
-
15%
Reducing Balance
Fixtures and fittings
-
25%
Reducing Balance
Office equipment
-
25%
Reducing Balance

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.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.11

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, loans to related parties and investments in ordinary shares.
Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 4

 


EIGHTH DAY SOUND UK LIMITED
 


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

3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost


At 1 January 2024
1,837,952
1,151,588
2,989,540


Disposals
-
(61,832)
(61,832)



At 31 December 2024

1,837,952
1,089,756
2,927,708



Depreciation


At 1 January 2024
420,181
814,856
1,235,037


Charge for the year
36,759
50,652
87,411


Disposals
-
(60,713)
(60,713)



At 31 December 2024

456,940
804,795
1,261,735



Net book value



At 31 December 2024
1,381,012
284,961
1,665,973



At 31 December 2023
1,417,771
336,732
1,754,503


5.


Debtors

2024
2023
£
£


Trade debtors
(4,139)
1,405

Amounts owed by group undertakings
506,408
352,297

Other debtors
1,312
1,312

Prepayments and accrued income
15,503
13,671

Tax recoverable
91
91

519,175
368,776


Page 5

 


EIGHTH DAY SOUND UK LIMITED
 


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

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
50,000
50,000

Trade creditors
2,528
66,324

Corporation tax
51,612
40,897

Other taxation and social security
18,946
18,838

123,086
176,059



The bank loan is secured against a fixed and floating charge over all assets of the company. Interest is charged at 3.99% above the Bank of England base rate. The loan is due for repayment no later than 30 June 2026.



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loan
25,000
75,000

25,000
75,000


The bank loan is secured against a fixed and floating charge over all assets of the company. Interest is charged at 3.99% above the Bank of England base rate. The loan is due for repayment no later than 30 June 2026.


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
50,000
50,000


Amounts falling due 2-5 years

Bank loans
25,000
75,000


75,000
125,000


The bank loan is secured against a fixed and floating charge over all assets of the company. Interest is charged at 3.99% above the Bank of England base rate. The loan is due for repayment no later than 30 June 2026.

Page 6

 


EIGHTH DAY SOUND UK LIMITED
 


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

9.


Deferred taxation




2024


£






At beginning of year
(104,341)


Charged to profit or loss
13,150



At end of year
(91,191)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(91,191)
(104,341)

(91,191)
(104,341)


10.


Related party transactions

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.


11.


Controlling party

The Company's immediate parent company is Lititz Holdings Limited, incorporated in Ireland.
The ultimate parent company is Clair Global Family Holdings LLC which is registered in the United States of America.
The Company's results are included in the consolidated financial statements for Clair Global Corp. whose registered address is One Ellen Avenue, Lititz, PA 17543, United States.
This is the largest and smallest group of undertakings for which consolidated financial statements are prepared.


12.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 29 August 2025 by Shamma Shah (Senior statutory auditor) on behalf of Ernst & Young LLP.

Page 7