Caseware UK (AP4) 2024.0.164 2024.0.164 2023-03-31 2023-03-31 true 2022-04-01 false No description of principal activity 5 4 false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08050057 2022-04-01 2023-03-31 08050057 2021-04-01 2022-03-31 08050057 2023-03-31 08050057 2022-03-31 08050057 c:Director1 2022-04-01 2023-03-31 08050057 d:MotorVehicles 2022-04-01 2023-03-31 08050057 d:MotorVehicles 2023-03-31 08050057 d:MotorVehicles 2022-03-31 08050057 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08050057 d:OfficeEquipment 2022-04-01 2023-03-31 08050057 d:OfficeEquipment 2023-03-31 08050057 d:OfficeEquipment 2022-03-31 08050057 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08050057 d:ComputerEquipment 2022-04-01 2023-03-31 08050057 d:ComputerEquipment 2023-03-31 08050057 d:ComputerEquipment 2022-03-31 08050057 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08050057 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08050057 d:CurrentFinancialInstruments 2023-03-31 08050057 d:CurrentFinancialInstruments 2022-03-31 08050057 d:Non-currentFinancialInstruments 2023-03-31 08050057 d:Non-currentFinancialInstruments 2022-03-31 08050057 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08050057 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08050057 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08050057 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 08050057 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 08050057 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 08050057 d:ShareCapital 2023-03-31 08050057 d:ShareCapital 2022-03-31 08050057 d:RetainedEarningsAccumulatedLosses 2023-03-31 08050057 d:RetainedEarningsAccumulatedLosses 2022-03-31 08050057 c:FRS102 2022-04-01 2023-03-31 08050057 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08050057 c:FullAccounts 2022-04-01 2023-03-31 08050057 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08050057 2 2022-04-01 2023-03-31 08050057 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 08050057 NET LETTINGS LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2023
NET LETTINGS LTD REGISTERED NUMBER: 08050057 BALANCE SHEET AS AT 31 MARCH 2023
|  | 2023 |  | 2022
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 105,083 |  | 21,324
|  |  | 105,083 |  | 21,324
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 252,296 |  | 290,335 |
Cash at bank and in hand | 6 | 111,080 |  | 92,606 |
|  | 363,376 |  | 382,941 |
Creditors: amounts falling due within one year | 7 | (596,907) |  | (492,475) |
Net current liabilities |  |  | (233,531) |  | (109,534)
Total assets less current liabilities |  |  | (128,448) |  | (88,210)
Creditors: amounts falling due after more than one year | 8 |  | (34,259) |  | (39,815)
Net liabilities |  |  | (162,707) |  | (128,025)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (162,807) |  | (128,125)
|  |  | (162,707) |  | (128,025)
Page 1
NET LETTINGS LTD REGISTERED NUMBER: 08050057 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies 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 30 October 2025.
J Sandhu
Director
The notes on pages 3 to 9 form part of these financial statements. Page 2
NET LETTINGS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. | General information
Net Lettings Limited is a private company, limited by shares, domiciled in England and Wales, registration number 08050057. The registered office is 311 Commercial Road, London, England E1 2PS. 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 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis. The director has assessed the company's ability to continue as a going concern and has reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future.
| 2.3 | 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. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 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. Page 3
NET LETTINGS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 2.Accounting policies (continued)
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.8 | 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. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 20% |
|  |  |  | Office equipment | - | 20% |
|  |  |  | Computer equipment | - | 20% |
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.
| 2.9 | 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.
| 2.10 | 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. Page 4
NET LETTINGS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 2.Accounting policies (continued)
| 2.11 | 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.
| 2.12 | Financial instruments
Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument. 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. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. 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. Page 5
NET LETTINGS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 2.Accounting policies (continued)
| 2.12 | Financial instruments (continued)
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. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
| 2.13 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including the director, during the year was as follows:
|  | 2023 | 2022
|  | No. | No.
| Employees | 5 | 4
|  | 5 | 4
Page 6
NET LETTINGS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
4. | Tangible fixed assets
|  | Motor vehicles | Office equipment | Computer equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 April 2022 | - | 49,323 | 7,099 | 56,422
| Additions | 94,395 | 688 | - | 95,083
| At 31 March 2023 | 94,395 | 50,011 | 7,099 | 151,505
| Depreciation |  |  |  |
| At 1 April 2022 | - | 32,043 | 3,054 | 35,097
| Charge for the year on owned assets | - | 9,905 | 1,420 | 11,325
| At 31 March 2023 | - | 41,948 | 4,474 | 46,422
| Net book value |  |  |  |
| At 31 March 2023 | 94,395 | 8,063 | 2,625 | 105,083
| At 31 March 2022 | - | 17,281 | 4,045 | 21,326
Page 7
NET LETTINGS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
5. | Debtors
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Trade debtors | 3,116 | 2,130
| Amounts owed by group undertakings | 231,020 | 170,333
| Other debtors | 16,012 | 117,444
| Prepayments and accrued income | 2,148 | 428
|  | 252,296 | 290,335
6. | Cash and cash equivalents
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Cash at bank and in hand | 111,080 | 92,606
|  | 111,080 | 92,606
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Bank loans | 5,556 | 5,556
| Other loans | 150,001 | 150,001
| Trade creditors | 1,404 | 16,459
| Corporation tax | 42,057 | 49,925
| Other taxation and social security | 292,383 | 241,297
| Obligations under finance lease and hire purchase contracts | 92,395 | -
| Other creditors | 8,314 | 24,593
| Accruals and deferred income | 4,797 | 4,644
|  | 596,907 | 492,475
Page 8
NET LETTINGS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Bank loans | 34,259 | 39,815
|  | 34,259 | 39,815
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 5,556 | 5,556
| Other loans | 150,001 | 150,001
|  | 155,557 | 155,557
| Amounts falling due 2-5 years |  |
| Bank loans | 34,259 | 39,815
|  | 34,259 | 39,815
|  | 189,816 | 195,372
10. | Related party transactions
| At the year end, the following amounts were due from/(to) the related parties:
|  | 2023 | 2022
|  | £ | £
| Entities under common control | 231,020 | 170,333
| Key management personnel | 9,331 | 80,457
|  | 240,351 | 250,790
Page 9