ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 August 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

ONE POINT TWENTY ONE LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-08-312022-08-31Tax is recognised in the Statement of Income and Retained Earnings. The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet 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 Balance Sheet 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.true1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-09-01trueNo description of principal activity1false 08664480 2021-09-01 2022-08-31 08664480 2020-09-01 2021-08-31 08664480 2022-08-31 08664480 2021-08-31 08664480 c:Director1 2021-09-01 2022-08-31 08664480 c:RegisteredOffice 2021-09-01 2022-08-31 08664480 d:CurrentFinancialInstruments 2022-08-31 08664480 d:CurrentFinancialInstruments 2021-08-31 08664480 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 08664480 d:CurrentFinancialInstruments d:WithinOneYear 2021-08-31 08664480 d:ShareCapital 2022-08-31 08664480 d:ShareCapital 2021-08-31 08664480 d:RetainedEarningsAccumulatedLosses 2022-08-31 08664480 d:RetainedEarningsAccumulatedLosses 2021-08-31 08664480 c:FRS102 2021-09-01 2022-08-31 08664480 c:AuditExempt-NoAccountantsReport 2021-09-01 2022-08-31 08664480 c:FullAccounts 2021-09-01 2022-08-31 08664480 c:PrivateLimitedCompanyLtd 2021-09-01 2022-08-31 08664480 d:WithinOneYear 2022-08-31 08664480 d:WithinOneYear 2021-08-31 08664480 d:BetweenOneFiveYears 2022-08-31 08664480 d:BetweenOneFiveYears 2021-08-31 08664480 2 2021-09-01 2022-08-31 iso4217:GBP xbrli:pure

Registered number: 08664480

ONE POINT TWENTY ONE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

ONE POINT TWENTY ONE LIMITED

COMPANY INFORMATION

Director	N. P. Berg


Registered number	08664480


Registered office	1st Floor Sackville House
	143-149 Fenchurch Street
	London
	EC3M 6BN

ONE POINT TWENTY ONE LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 5

ONE POINT TWENTY ONE LIMITED

REGISTERED NUMBER: 08664480

BALANCE SHEET

AS AT 31 AUGUST 2022

		2022		2021
Note		£		£

Current assets
Debtors	4	5,002		5,512
Cash at bank and in hand		6,195		30,425
		11,197		35,937
Creditors: amounts falling due within one year	5	(11,328)		(31,924)
Net (liabilities)/assets			(131)		4,013

Capital and reserves
Allotted, called up and fully paid share capital	1	1
Profit and loss account	(132)	4,012
Equity shareholder's funds	(131)	4,013

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 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 Director's Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 March 2023.

N. P. Berg

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

ONE POINT TWENTY ONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

1.	General information

One Point Twenty One Limited (company number: 08664480), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN, is a private limited company incorporated in England and Wales. The principal trading address of the Company is 7 Piano Yard, London, NW5 1BF.

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

Statement of Cash Flows

The Company has taken advantage of the exemption in Financial Report Standard 102, Section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

Page 2

ONE POINT TWENTY ONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

2.Accounting policies (continued)

2.4

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings 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.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.6

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.

2.7

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 and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

2.8

Creditors

Short-term creditors are measured at the transaction price.

2.9

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. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

2.10

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings.

Page 3

ONE POINT TWENTY ONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

2.Accounting policies (continued)

2.11

Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2.12

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

2.13

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet 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 Balance Sheet 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

Page 4

ONE POINT TWENTY ONE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

Debtors

					2022	2021
					£	£

Due within one year
Trade debtors	5,002	5,512

5.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Corporation tax	5,287	8,444
Other creditors	3,161	20,780
Accruals and deferred income	2,880	2,700
	11,328	31,924

6.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,000 (2021: £4,000).
At the year-end, there were no contributions payable to the pension fund.

7.	Related party transactions

Included within other creditors are amounts of £3,161 (As restated 2021: £780) due to N. Berg, the director and shareholder of the Company.
Dividends of £26,500 (2021: £35,500) were paid during the year to the shareholder who is also a director of the Company.

Not later than 1 year	5,155	-
Later than 1 year and not later than 5 years	7,733	-
	12,888	-

Page 5