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REGISTERED NUMBER: 03460043 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

CAST SOFTWARE LIMITED

CAST SOFTWARE LIMITED (REGISTERED NUMBER: 03460043)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAST SOFTWARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: A C REROLLE


SECRETARY: V J J DELAROCHE


REGISTERED OFFICE: INTERNATIONAL HOUSE
36 - 38 CORNHILL
LONDON
EC3V 3NG


REGISTERED NUMBER: 03460043 (England and Wales)


SENIOR STATUTORY AUDITOR: MARTIN MYERS FCA


AUDITORS: GOLDWYNS
CHARTERED ACCOUNTANTS
STATUTORY AUDITORS
109 BAKER STREET
LONDON
W1U 6RP


BANKERS: HSBC UK BANK PLC
8 CANADA SQUARE
LONDON
E14 5HQ

CAST SOFTWARE LIMITED (REGISTERED NUMBER: 03460043)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,820 2,218

CURRENT ASSETS
Debtors 5 155,023 193,011
Cash at bank 137,523 101,596
292,546 294,607
CREDITORS
Amounts falling due within one year 6 8,525,331 7,839,415
NET CURRENT LIABILITIES (8,232,785 ) (7,544,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,227,965

)

(7,542,590

)

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 (8,227,967 ) (7,542,592 )
SHAREHOLDERS' FUNDS (8,227,965 ) (7,542,590 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2023 and were signed by:





A C REROLLE - Director


CAST SOFTWARE LIMITED (REGISTERED NUMBER: 03460043)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Cast Software Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The company incurred losses of £685,375 for the year ended 31 December 2022 and is in a net liability position of £8,227,965 as at 31 December 2022. The financial statements have been prepared on a going concern basis, on the assumption of the continuing availability of financial support from the Group Companies and shareholder. The Director has reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.The financial statements do not include any adjustments that would arise from a failure to obtain this financial support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes, based on delivery of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 4 years

Fixtures and fittings is fully depreciated.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CAST SOFTWARE LIMITED (REGISTERED NUMBER: 03460043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable or payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2022 66,737 13,639 80,376
Additions 4,082 - 4,082
Disposals (63,748 ) - (63,748 )
At 31 December 2022 7,071 13,639 20,710
DEPRECIATION
At 1 January 2022 64,519 13,639 78,158
Charge for year 1,480 - 1,480
Eliminated on disposal (63,748 ) - (63,748 )
At 31 December 2022 2,251 13,639 15,890
NET BOOK VALUE
At 31 December 2022 4,820 - 4,820
At 31 December 2021 2,218 - 2,218

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 23,309 28,052
Amounts owed by related parties 3,995 -
Other debtors 121,769 163,101
VAT 5,025 -
Prepayments 925 1,858
155,023 193,011

CAST SOFTWARE LIMITED (REGISTERED NUMBER: 03460043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 39,296 13,591
Amounts owed to related parties 8,276,341 7,642,639
Social security and other taxes 20,473 32,854
VAT - 2,865
Other creditors 20,234 36,026
Accruals and deferred income 168,987 111,440
8,525,331 7,839,415

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary £1 2 2

8. RESERVES
Retained
earnings
£   

At 1 January 2022 (7,542,592 )
Deficit for the year (685,375 )
At 31 December 2022 (8,227,967 )

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

MARTIN MYERS FCA (Senior Statutory Auditor)
for and on behalf of GOLDWYNS

10. ULTIMATE CONTROLLING PARTY

The immediate controlling party is Cast SA, a company incorporated in France.

The ultimate controlling party is Bridgepoint Group Plc, a company incorporated in the United Kingdom.