Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-3102024-01-01trueNo description of principal activityfalse0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12413627 2024-01-01 2024-12-31 12413627 2023-01-01 2023-12-31 12413627 2024-12-31 12413627 2023-12-31 12413627 c:Director1 2024-01-01 2024-12-31 12413627 d:CurrentFinancialInstruments 2024-12-31 12413627 d:CurrentFinancialInstruments 2023-12-31 12413627 d:Non-currentFinancialInstruments 2024-12-31 12413627 d:Non-currentFinancialInstruments 2023-12-31 12413627 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 12413627 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12413627 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 12413627 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 12413627 d:ShareCapital 2024-12-31 12413627 d:ShareCapital 2023-12-31 12413627 d:RetainedEarningsAccumulatedLosses 2024-12-31 12413627 d:RetainedEarningsAccumulatedLosses 2023-12-31 12413627 c:FRS102 2024-01-01 2024-12-31 12413627 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12413627 c:FullAccounts 2024-01-01 2024-12-31 12413627 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12413627 2 2024-01-01 2024-12-31 12413627 6 2024-01-01 2024-12-31 12413627 e:USDollar 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 12413627









SNOWSTORM (HOLDINGS) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024
 
SNOWSTORM (HOLDINGS) LIMITED
REGISTERED NUMBER: 12413627

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2024
2023
2023
Note
$
$
$
$

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
4,980,136
14,136,888

  
4,980,136
14,136,888

Total assets less current liabilities
  
 
 
4,980,137
 
 
14,136,889

Creditors: amounts falling due after more than one year
 6 
(5,966,066)
(15,122,818)

  

Net liabilities
  
(985,929)
(985,929)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(985,930)
(985,930)

  
(985,929)
(985,929)


Page 1
 
SNOWSTORM (HOLDINGS) LIMITED
REGISTERED NUMBER: 12413627
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider 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 directors acknowledge their 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 income and retained earnings 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: 




................................................
R Pisani
Director

Date: 30 September 2025

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

Page 2
 
SNOWSTORM (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Snowstorm (Holdings) Limited is a private company limited by shares. The company is incorporated in England and Wales. The address of its registered office is Seebeck House, Seebeck Place, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8FR.

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 financial statements are prepared in $ dollars, the functional currency, rounded to the nearest $1.
Snowstorm (Holdings) Limited is a parent company of a small group. It is not required to prepare and has not prepared group accounts. These are the financial statements of the company, not the group. 

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
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 year in which they are incurred.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.

Page 3
 
SNOWSTORM (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - $NIL).

Page 4
 
SNOWSTORM (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Fixed asset investments





Investments in subsidiary companies

$



Cost or valuation


At 1 January 2024
1



At 31 December 2024
1





5.


Debtors

2024
2023
$
$


Amounts owed by group undertakings
4,980,136
14,136,888



6.


Creditors: Amounts falling due after more than one year

2024
2023
$
$

Loans
428,195
11,550,000

Accruals and deferred income
5,537,871
3,572,818

5,966,066
15,122,818


Loans due after more than one year of $22,493,247 are secured by a fixed and floating charge by Amin Holdings Limited and Eglobalfares, LLC, on the assets of the company.


7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
$
$


Amounts falling due 1-2 years

Loans
428,195
11,550,000


Page 5
 
SNOWSTORM (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Related party transactions

At the year end the company was owed $27,045,189 (2023: $14,136,889) from its subsidiary. Interest of $1,965,053 (2023: $2,604,416) was charged to the subsidiary.

 
Page 6