Caseware UK (AP4) 2021.0.152 2021.0.152 2021-11-302021-11-302020-12-01false2No description of principal activity3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12309941 2020-12-01 2021-11-30 12309941 2019-12-01 2020-11-30 12309941 2021-11-30 12309941 2020-11-30 12309941 c:Director1 2020-12-01 2021-11-30 12309941 d:ComputerEquipment 2020-12-01 2021-11-30 12309941 d:OtherPropertyPlantEquipment 2021-11-30 12309941 d:OtherPropertyPlantEquipment 2020-11-30 12309941 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 12309941 d:CurrentFinancialInstruments 2021-11-30 12309941 d:CurrentFinancialInstruments 2020-11-30 12309941 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 12309941 d:CurrentFinancialInstruments d:WithinOneYear 2020-11-30 12309941 d:RetainedEarningsAccumulatedLosses 2021-11-30 12309941 d:RetainedEarningsAccumulatedLosses 2020-11-30 12309941 c:FRS102 2020-12-01 2021-11-30 12309941 c:AuditExempt-NoAccountantsReport 2020-12-01 2021-11-30 12309941 c:FullAccounts 2020-12-01 2021-11-30 12309941 c:CompanyLimitedByGuarantee 2020-12-01 2021-11-30 iso4217:GBP xbrli:pure

Registered number: 12309941










CLIMATE 2025 LIMITED
(A company limited by guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2021

 
CLIMATE 2025 LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 12309941

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
357
700

  
357
700

Current assets
  

Debtors: amounts falling due within one year
 5 
3,241
14,208

Cash at bank and in hand
  
1,094,463
103,764

  
1,097,704
117,972

Creditors: amounts falling due within one year
 6 
(1,049,864)
(120,518)

Net current assets/(liabilities)
  
 
 
47,840
 
 
(2,546)

Total assets less current liabilities
  
48,197
(1,846)

  

Net assets/(liabilities)
  
48,197
(1,846)


Capital and reserves
  

Profit and loss account
  
48,197
(1,846)

  
48,197
(1,846)


Page 1

 
CLIMATE 2025 LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 12309941
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2021

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 by: 




................................................
L Garcia-Lillis
Director

Date: 12 August 2022

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CLIMATE 2025 LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1.


General information

Climate 2025 Limited is a company limited by guarantee and incorporated in England and Wales, registration number 12309941. The registered office is Electric Works, 3 Concourse Way, Sheffield, England, S1 2BJ. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

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

Going concern

The Directors have considered the Company's position at the time of signing the financial statements, and based on this, the Directors have concluded that they have a reasonable expectation that the Company will have adequate resources to continue in operational existance for the forseeable future and they therefore continue to adopt the going concern basis of accounting in preparing these financial statements. 

Page 3

 
CLIMATE 2025 LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

 
2.3

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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

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.

Page 4

 
CLIMATE 2025 LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Income statement in the same period as the related expenditure.

 
2.6

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
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.

Page 5

 
CLIMATE 2025 LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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:

Computer equipment
-
33%
Straight Line

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.

 
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.

Page 6

 
CLIMATE 2025 LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

 
2.12

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, loans to related parties and investments in ordinary shares.

  
2.13

Donations

The company derives some of its income from donations and other voluntary income that provide core funding to the company. Donation income is included within the accounts as it is received. 


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2020 - 2).


4.


Tangible fixed assets





Computer Equipment

£



Cost or valuation


At 1 December 2020
1,050



At 30 November 2021

1,050



Depreciation


At 1 December 2020
350


Charge for the year on owned assets
343



At 30 November 2021

693



Net book value



At 30 November 2021
357



At 30 November 2020
700

Page 7

 
CLIMATE 2025 LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

5.


Debtors

2021
2020
£
£


Trade debtors
2,234
14,208

Other debtors
1,007
-

3,241
14,208



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
7,499
11,862

Corporation tax
11,334
-

Other taxation and social security
2,891
-

Other creditors
852,870
-

Accruals and deferred income
175,270
108,656

1,049,864
120,518




7.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


8.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £555 (2020: £nil).

 
Page 8