ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

USA2EUROPE LIMITED - Company Information

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Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31peovision of administration servicestrue2021-01-01true2true2 05130559 2021-01-01 2021-12-31 05130559 2020-01-01 2020-12-31 05130559 2021-12-31 05130559 2020-12-31 05130559 c:Director1 2021-01-01 2021-12-31 05130559 d:CurrentFinancialInstruments 2021-12-31 05130559 d:CurrentFinancialInstruments 2020-12-31 05130559 d:ShareCapital 2021-12-31 05130559 d:ShareCapital 2020-12-31 05130559 c:EntityHasNeverTraded 2021-01-01 2021-12-31 05130559 c:FRS102 2021-01-01 2021-12-31 05130559 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 05130559 c:FullAccounts 2021-01-01 2021-12-31 05130559 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 05130559









USA2EUROPE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021
 
USA2EUROPE LIMITED
REGISTERED NUMBER: 05130559

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
1,700
1,700

  
1,700
1,700

Total assets less current liabilities
  
 
 
1,700
 
 
1,700

  

Net assets
  
1,700
1,700


Capital and reserves
  

Called up share capital 
  
1,700
1,700

  
1,700
1,700


For the year ended 31 December 2021 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 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: 




P Doyle
Director

Date: 22 December 2022

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
USA2EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

USA2Europe Limited (the Company) is a company incorporated in the United Kingdom under the Companies Act.
The Company is a private company limited by shares and is registered in England and Wales.  The Company's registered office is Highlands House, Basingstoke Road, Spencers Wood, Reading, RG7 1NT.
The principal activity of the Company was that of the provision of administration services for USA based companies in Europe, it is now dormant.  

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.

  
2.2

Functional and presentation currency

The Company's functional and presentational currency is GBP.  Monetary amounts in the financial statements are rounded to the nearest £.

 
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.


3.


Debtors

2021
2020
£
£


Amounts owed by group undertakings
1,700
1,700


Page 2
 
USA2EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Controlling party

The immediate parent company is Vistra International Expansion Limited, a company registered in England and Wales.
The Company's ultimate parent undertaking is Vistra Group Holdings (BVI) III Limited, a company incorporated under the laws of the British Virgin Islands and whose registered office is located at Craigmuir Chambers, P.O. Box 4714, Road Town, Tortola, VG1110, British Virgin Islands.

 
Page 3