ACCOUNTS - Final Accounts preparation

INTROVERSION SOFTWARE HOLDINGS LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-12-312022-12-312022-01-0100truetruefalsethe principle activity during the year wasThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11726085 2022-01-01 2022-12-31 11726085 2021-01-01 2021-12-31 11726085 2022-12-31 11726085 2021-12-31 11726085 c:Director1 2022-01-01 2022-12-31 11726085 d:CurrentFinancialInstruments 2022-12-31 11726085 d:CurrentFinancialInstruments 2021-12-31 11726085 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11726085 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11726085 d:ShareCapital 2022-12-31 11726085 d:ShareCapital 2021-12-31 11726085 d:RetainedEarningsAccumulatedLosses 2022-12-31 11726085 d:RetainedEarningsAccumulatedLosses 2021-12-31 11726085 c:EntityNoLongerTradingButTradedInPast 2022-01-01 2022-12-31 11726085 c:FRS102 2022-01-01 2022-12-31 11726085 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 11726085 c:FullAccounts 2022-01-01 2022-12-31 11726085 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 11726085

INTROVERSION SOFTWARE HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED

31 DECEMBER 2022

01483 755 399

hamlyns.com

INTROVERSION SOFTWARE HOLDINGS LIMITED

REGISTERED NUMBER: 11726085

BALANCE SHEET

AS AT 31 DECEMBER 2022

		2022		2021
Note		£		£

Fixed assets
Investments	4		367,404		432,409
			367,404		432,409
Current assets
Bank and cash balances		370		714,431
		370		714,431

Creditors: amounts falling due within one year	5	(750)		(714,750)
Net current liabilities			(380)		(319)
Total assets less current liabilities			367,024		432,090

Net assets			367,024		432,090

Capital and reserves
Called up share capital	900,000	900,000
Profit and loss account	(532,976)	(467,910)
	367,024	432,090

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INTROVERSION SOFTWARE HOLDINGS LIMITED

REGISTERED NUMBER: 11726085

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2022

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 income statement 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 28 September 2023.

___________________________

T Arundel

Director

The notes on pages 3 to 4 form part of these financial statements.

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INTROVERSION SOFTWARE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

Introversion Software Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and office address are shown below:
Registered number: 11726085
Registered office: 36 Winchester Road, Walton-On-Thames, United Kingdom, KT12 2RH

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

Preparation of consolidated financial statements

The financial statements contain information about Introversion Software Holdings Limited as an induvidual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 399(2A) of the Companies Act 2006 from the requirement to prepare consolidated financial statements.

2.3

Investments in subsidaries

Investments in subsidaries are held at historical cost less any applicable provision for impairment.

2.4

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantivley enacted by the balance sheet date.

2.5

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantivley enacted by the year and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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INTROVERSION SOFTWARE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.6

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

Employees

The average monthly number of employees, including directors, during the year was 0 (2021 - 0).

4.	Fixed asset investments

		Shares in group undertakings
		£
	Cost
	At 1 January 2022	432,409
	Amounts written off	(65,005)
	At 31 December 2022	367,404

The company holds 100% of the share capital of Introversion Software Limited, a company registered in the UK.

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

Other creditors	750	714,750
	750	714,750

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