Caseware UK (AP4) 2021.0.152 2021.0.152 2021-09-302021-09-3012020-10-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07790269 2020-10-01 2021-09-30 07790269 2019-10-01 2020-09-30 07790269 2021-09-30 07790269 2020-09-30 07790269 c:Director1 2020-10-01 2021-09-30 07790269 d:FurnitureFittings 2020-10-01 2021-09-30 07790269 d:FurnitureFittings 2021-09-30 07790269 d:FurnitureFittings 2020-09-30 07790269 d:FurnitureFittings d:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 07790269 d:OfficeEquipment 2020-10-01 2021-09-30 07790269 d:OfficeEquipment 2021-09-30 07790269 d:OfficeEquipment 2020-09-30 07790269 d:OfficeEquipment d:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 07790269 d:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 07790269 d:CurrentFinancialInstruments 2021-09-30 07790269 d:CurrentFinancialInstruments 2020-09-30 07790269 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 07790269 d:CurrentFinancialInstruments d:WithinOneYear 2020-09-30 07790269 d:ShareCapital 2021-09-30 07790269 d:ShareCapital 2020-09-30 07790269 d:RetainedEarningsAccumulatedLosses 2021-09-30 07790269 d:RetainedEarningsAccumulatedLosses 2020-09-30 07790269 c:FRS102 2020-10-01 2021-09-30 07790269 c:AuditExempt-NoAccountantsReport 2020-10-01 2021-09-30 07790269 c:FullAccounts 2020-10-01 2021-09-30 07790269 c:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30 07790269 6 2020-10-01 2021-09-30 iso4217:GBP xbrli:pure

Registered number: 07790269









RDM CAPITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2021

 
RDM CAPITAL LIMITED
REGISTERED NUMBER: 07790269

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,221
4,101

Investments
 5 
31,409
12,529

  
34,630
16,630

Current assets
  

Debtors: amounts falling due within one year
 6 
502
423

Cash at bank and in hand
 7 
264,894
234,443

  
265,396
234,866

Creditors: amounts falling due within one year
 8 
(81,588)
(60,571)

Net current assets
  
 
 
183,808
 
 
174,295

Total assets less current liabilities
  
218,438
190,925

  

Net assets
  
218,438
190,925


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
218,338
190,825

  
218,438
190,925


Page 1

 
RDM CAPITAL LIMITED
REGISTERED NUMBER: 07790269
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2021

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 statement of comprehensive income 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 29 July 2022.




R MacPhee
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RDM CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

1.


General information

RDM Capital Limited is a private company limited by shares and incorporated in England and Wales (registered number 07790269). The registered office address is 64 New Cavendish Street, London, England, W1G 8TB.
The financial statements are presented in Sterling, which is the functional currency of the Company.

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

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.

 
2.3

Finance costs

Finance costs are charged to profit or loss 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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
RDM CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

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:

Fixtures and fittings
-
25%
Straight line
Office equipment
-
25%
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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

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.

Page 4

 
RDM CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).

Page 5

 
RDM CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 October 2020
9,521
3,575
13,096


Additions
-
1,100
1,100



At 30 September 2021

9,521
4,675
14,196



Depreciation


At 1 October 2020
7,582
1,413
8,995


Charge for the year on owned assets
811
1,169
1,980



At 30 September 2021

8,393
2,582
10,975



Net book value



At 30 September 2021
1,128
2,093
3,221



At 30 September 2020
1,939
2,163
4,102


5.


Fixed asset investments





Investments in associates
Listed investments
Total

£
£
£



Cost or valuation


At 1 October 2020
1,215
11,314
12,529


Revaluations
-
18,878
18,878



At 30 September 2021
1,215
30,192
31,407





6.


Debtors

2021
2020
£
£


Prepayments and accrued income
502
423
Page 6

 
RDM CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

6.Debtors (continued)


502
423



7.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
264,894
234,443

264,894
234,443



8.


Creditors: Amounts falling due within one year

2021
2020
£
£

Other loans
31,523
-

Corporation tax
42,541
38,781

Other creditors
1,524
2,390

Accruals and deferred income
6,000
19,400

81,588
60,571


 
Page 7