ACCOUNTS - Final Accounts

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01falsetruefalseThe principal activity of the company is that of a holding company.11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05272395 2022-01-01 2022-12-31 05272395 2021-01-01 2021-12-31 05272395 2022-12-31 05272395 2021-12-31 05272395 c:Director2 2022-01-01 2022-12-31 05272395 d:CurrentFinancialInstruments 2022-12-31 05272395 d:CurrentFinancialInstruments 2021-12-31 05272395 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05272395 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 05272395 d:ShareCapital 2022-12-31 05272395 d:ShareCapital 2021-12-31 05272395 d:RetainedEarningsAccumulatedLosses 2022-12-31 05272395 d:RetainedEarningsAccumulatedLosses 2021-12-31 05272395 c:FRS102 2022-01-01 2022-12-31 05272395 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 05272395 c:FullAccounts 2022-01-01 2022-12-31 05272395 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 05272395 6 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 05272395

ROUNDBACK LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

ROUNDBACK LIMITED

REGISTERED NUMBER: 05272395

BALANCE SHEET

AS AT 31 DECEMBER 2022

		2022		2021
Note		€		€

Fixed assets
Investments	3		1,502,827		1,522,911
			1,502,827		1,522,911

Creditors: amounts falling due within one year	4	(1,844,961)		(1,842,662)
Net current liabilities			(1,844,961)		(1,842,662)
Total assets less current liabilities			(342,134)		(319,751)

Net liabilities			(342,134)		(319,751)

Capital and reserves
Called up share capital	1,357	1,357
Profit and loss account	(343,491)	(321,108)
	(342,134)	(319,751)

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 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 6 September 2023.

................................................

Eric Kanoui

Director

The notes on pages 3 to 5 form part of these financial statements.

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ROUNDBACK LIMITED

REGISTERED NUMBER: 05272395

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2022

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ROUNDBACK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

Roundback Limited is a private company limited by share capital, incorporated in England and Wales, registration number 05272395. The address of the registered office is 14th Floor,33 Cavendish Square, London, W1G 0PW.

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 following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis as the shareholder has iindicated that they will not recall the loan, if doing so, would cause the company financial difficulty and will provide further financial support to the company.

2.3

Foreign currency translation

Functional and presentation currency

During the year the directors have reviewed the functional currencies of the company and have determined that the most appropriate currency is the Euro. This is a change from previous financial year which were presented in sterling.

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

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has there taken advantage of the exemptions provided by section 399 of the Act 2006 not to prepare group accounts.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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ROUNDBACK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.6

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.

3.	Fixed asset investments

	Shares in group undertaking s and participating interests	Loan to group undertaking s and participating interests	Total
	€	€	€
Cost or valuation
At 1 January 2022	300,000	1,500,000	1,800,000
At 31 December 2022	300,000	1,500,000	1,800,000
Impairment
At 1 January 2022	277,089	-	277,089
Charge for the period	20,084	-	20,084
At 31 December 2022	297,173	-	297,173
Net book value
At 31 December 2022	2,827	1,500,000	1,502,827
At 31 December 2021	22,911	1,500,000	1,522,911

4.	Creditors: Amounts falling due within one year
		2022	2021
		€	€

Shareholder loan	1,844,961	1,842,662
	1,844,961	1,842,662

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ROUNDBACK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

5.	Related party transactions
	At the balance sheet date, the shareholder loan was €1,844,961 (2021: €1,842,662). This loan is interest free, unsecured and repayable on demand.

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