Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30true2022-07-01falseNo description of principal activity44falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01876288 2022-07-01 2023-06-30 01876288 2021-07-01 2022-06-30 01876288 2023-06-30 01876288 2022-06-30 01876288 c:Director3 2022-07-01 2023-06-30 01876288 d:CurrentFinancialInstruments 2023-06-30 01876288 d:CurrentFinancialInstruments 2022-06-30 01876288 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 01876288 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 01876288 d:ShareCapital 2023-06-30 01876288 d:ShareCapital 2022-06-30 01876288 d:RetainedEarningsAccumulatedLosses 2023-06-30 01876288 d:RetainedEarningsAccumulatedLosses 2022-06-30 01876288 c:FRS102 2022-07-01 2023-06-30 01876288 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 01876288 c:FullAccounts 2022-07-01 2023-06-30 01876288 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 01876288 6 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 01876288










RATIOBOND LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
RATIOBOND LIMITED
REGISTERED NUMBER: 01876288

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
386,264
86,918

  
386,264
86,918

Current assets
  

Debtors: amounts falling due within one year
 5 
1,884
1,884

  
1,884
1,884

Creditors: amounts falling due within one year
 6 
(1,884)
(1,884)

Net current assets
  
 
 
-
 
 
-

Total assets less current liabilities
  
386,264
86,918

  

Net assets
  
386,264
86,918


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
386,164
86,818

  
386,264
86,918


Page 1

 
RATIOBOND LIMITED
REGISTERED NUMBER: 01876288
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

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 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 16 October 2023.




J K Rea
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
RATIOBOND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Ratiobond Limited is a private company, limited by shares, incorporated in England and Wales, registration number 01876288.  The registered office is 53 Cartwright Gardens, London, WC1H 9EL.

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.

Ratiobond Limited is the parent company of a small group. It is not required to prepare and has not prepared group accounts. These are the financial statements of the parent company, not the group.
The financial statements are presented in £ sterling, the functional currency, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment. Previous impairment losses are reversed when there is a change in the estimates used in measuring the impairment loss.

 
2.4

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.

 
2.5

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 3

 
RATIOBOND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an 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.

 
2.7

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 4 (2022 - 4).

Page 4

 
RATIOBOND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2022
586,158



At 30 June 2023

586,158



Impairment


At 1 July 2022
499,240


Movement in the period
(299,346)



At 30 June 2023

199,894



Net book value



At 30 June 2023
386,264



At 30 June 2022
86,918


5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
1,884
1,884



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
1,884
1,884



7.


Related party transactions

As at 30 June 2023, A M Rea, a director, was owed £1,884 (2022: £1,884) by the company. The loan is unsecured, interest free and repayable on demand.

 
Page 5