Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31truefalsefalse72021-12-24The principal activity of the company is that of a UK proxy for the parent company who provides business consultancy service. 13817433 2021-12-23 13817433 2021-12-24 2022-12-31 13817433 2020-12-24 2021-12-23 13817433 2022-12-31 13817433 c:Director1 2021-12-24 2022-12-31 13817433 d:CurrentFinancialInstruments 2022-12-31 13817433 d:Non-currentFinancialInstruments 2022-12-31 13817433 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13817433 d:ShareCapital 2022-12-31 13817433 d:RetainedEarningsAccumulatedLosses 2022-12-31 13817433 c:OrdinaryShareClass1 2021-12-24 2022-12-31 13817433 c:OrdinaryShareClass1 2022-12-31 13817433 c:FRS102 2021-12-24 2022-12-31 13817433 c:Audited 2021-12-24 2022-12-31 13817433 c:FullAccounts 2021-12-24 2022-12-31 13817433 c:PrivateLimitedCompanyLtd 2021-12-24 2022-12-31 13817433 c:SmallCompaniesRegimeForAccounts 2021-12-24 2022-12-31 13817433 2 2021-12-24 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13817433









SCRUM INC UK LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE 12 MONTH PERIOD ENDED 31 DECEMBER 2022

 
SCRUM INC UK LIMITED
REGISTERED NUMBER: 13817433

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
Note
£

  

Current assets
  

Debtors: amounts falling due after more than one year
 4 
3,519

Debtors: amounts falling due within one year
 4 
6,033

Cash at bank and in hand
  
62,819

  
72,371

Creditors: amounts falling due within one year
 5 
(70,587)

Net current assets
  
 
 
1,784

Total assets less current liabilities
  
1,784

  

Net assets
  
1,784


Capital and reserves
  

Called up share capital 
 6 
100

Profit and loss account
  
1,684

  
1,784


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 by: 




G A Clemm
Director

Date: 27 September 2023

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
SCRUM INC UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 12 MONTH PERIOD ENDED 31 DECEMBER 2022

1.


General information

The Company is a private company limited by shares and is incorporated in England & Wales.
The registered office is 35 Ballards lane, London, N3 1XW.
The Company provides UK based services for the parent company who provides business consultancy services.

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 ('FRS 102') and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for at least 12 months from the date of approval of these financial statements, and will be able to meet its liabilities as they fall due.
The Company is reliant on support from its parent company included in creditors. The directors have confirmed that the funds will not be withdrawn and support will continue for a period at least 12 months from the date of approval of these financial statements.

 
2.3

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.

 
2.4

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

Page 2

 
SCRUM INC UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 12 MONTH PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to the Statement of Comprehensive Income 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.

 
2.6

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 the Statement of Comprehensive Income 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

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.

 
2.9

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans from banks and other third parties and loans to and from related parties.
(i) Financial assets
Basic financial assets, including other debtors, and amounts due from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method. 

 
Page 3

 
SCRUM INC UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 12 MONTH PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.9
Financial instruments (continued)

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. 
Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractualobligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 


3.


Employees

The average monthly number of employees, including directors, during the 12 month period was 7.

Page 4

 
SCRUM INC UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 12 MONTH PERIOD ENDED 31 DECEMBER 2022

4.


Debtors

2022
£

Due after more than one year

Other debtors
3,519


2022
£

Other debtors
5,000

Prepayments and accrued income
1,033

6,033



5.


Creditors: Amounts falling due within one year

2022
£

Amounts owed to group undertakings
51,790

Corporation tax
1,046

Other creditors
4,251

Accruals and deferred income
13,500

70,587


The amounts owed to group undertakings are unsecured, repayable on demand and are interest-free.


6.


Share capital

2022
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


100 Ordinary shares were issued during the year for a consideration of £100.


7.


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. Contributions totalling £3,217 were payable to the fund at the reporting date and are included in creditors.

Page 5

 
SCRUM INC UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 12 MONTH PERIOD ENDED 31 DECEMBER 2022

8.


Related party transactions

The Company has taken advantage of the exemption conferred by FRS 102 section 33.1A from the requirement to disclose transactions with other wholly owned group undertakings.


9.


Controlling party

The immediate and ultimate parent company is Scrum Inc, and the registered office address is 1 Broadway, Cambridge, MA 02142, United States.


10.


Auditors' information

The auditors' report on the financial statements for the 12 month period ended 31 December 2022 was unqualified.

The audit report was signed on 3 October 2023 by Nick Bishop ACA (Senior Statutory Auditor) on behalf of BKL Audit LLP.

 
Page 6