Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312021-10-05falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13663417 2021-10-04 13663417 2021-10-05 2023-03-31 13663417 2020-10-05 2021-10-04 13663417 2023-03-31 13663417 c:Director1 2021-10-05 2023-03-31 13663417 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 13663417 d:CurrentFinancialInstruments 2023-03-31 13663417 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13663417 d:ShareCapital 2023-03-31 13663417 d:RetainedEarningsAccumulatedLosses 2023-03-31 13663417 c:FRS102 2021-10-05 2023-03-31 13663417 c:AuditExempt-NoAccountantsReport 2021-10-05 2023-03-31 13663417 c:FullAccounts 2021-10-05 2023-03-31 13663417 c:PrivateLimitedCompanyLtd 2021-10-05 2023-03-31 13663417 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2021-10-05 2023-03-31 13663417 6 2021-10-05 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 13663417









RARERTHINGS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
RARERTHINGS LTD
REGISTERED NUMBER: 13663417

BALANCE SHEET
AS AT 31 MARCH 2023

2023
Note
£

Fixed assets
  

Intangible assets
 4 
20,230

Investments
 5 
25,610

  
45,840

Current assets
  

Debtors: amounts falling due within one year
 6 
25,627

Cash at bank and in hand
 7 
298,807

  
324,434

Creditors: amounts falling due within one year
 8 
(119,580)

Net current assets
  
 
 
204,854

Total assets less current liabilities
  
250,694

  

Net assets
  
250,694


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
250,693

  
250,694


Page 1

 
RARERTHINGS LTD
REGISTERED NUMBER: 13663417
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 period 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 by: 




S A J Kovach
Director

Date: 4 October 2023

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

Page 2

 
RARERTHINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Rarerthings Limited is a private company limited by shares, incorporated in England & Wales (registered number: 13663417). The registered office of the company is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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

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 Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
RARERTHINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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

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 balance sheet date in the countries where the Company operates and generates income.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

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 balance sheet 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 balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 4

 
RARERTHINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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

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.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Intangible assets



Digital Assets

£



Cost


Additions
20,230



At 31 March 2023

20,230






Net book value



At 31 March 2023
20,230



Page 5

 
RARERTHINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


Additions
25,610



At 31 March 2023
25,610





6.


Debtors

2023
£


Trade debtors
25,627

25,627



7.


Cash and cash equivalents

2023
£

Cash at bank and in hand
298,807

298,807



8.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to group undertakings
53,576

Corporation tax
58,804

Other taxation and social security
5,200

Accruals and deferred income
2,000

119,580


Page 6

 
RARERTHINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

9.


Controlling party

The parent company and controlling party is Think Changers Limited, a company incorporated in England and Wales. 

 
Page 7