Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-01-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07728597 2022-01-01 2022-12-31 07728597 2021-01-01 2021-12-31 07728597 2022-12-31 07728597 2021-12-31 07728597 2021-01-01 07728597 c:Director1 2022-01-01 2022-12-31 07728597 c:Director2 2022-01-01 2022-12-31 07728597 c:RegisteredOffice 2022-01-01 2022-12-31 07728597 d:ComputerEquipment 2022-01-01 2022-12-31 07728597 d:ComputerEquipment 2022-12-31 07728597 d:ComputerEquipment 2021-12-31 07728597 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 07728597 d:CurrentFinancialInstruments 2022-12-31 07728597 d:CurrentFinancialInstruments 2021-12-31 07728597 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07728597 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 07728597 d:ShareCapital 2022-12-31 07728597 d:ShareCapital 2021-12-31 07728597 d:ShareCapital 2021-01-01 07728597 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 07728597 d:RetainedEarningsAccumulatedLosses 2022-12-31 07728597 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 07728597 d:RetainedEarningsAccumulatedLosses 2021-12-31 07728597 d:RetainedEarningsAccumulatedLosses 2021-01-01 07728597 c:FRS102 2022-01-01 2022-12-31 07728597 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 07728597 c:FullAccounts 2022-01-01 2022-12-31 07728597 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure
Registered number: 07728597










REVIRESCO MANAGEMENT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




















 
REVIRESCO MANAGEMENT LIMITED
 
 
Company Information


Directors
J Schultheis 
T E Fox 




Registered number
07728597



Registered office
3rd Floor
12 Gough Square

London

EC4A 3DW





 
REVIRESCO MANAGEMENT LIMITED
Registered number: 07728597

Balance sheet
As at 31 December 2022

2022
2021
Note

Fixed assets
  

Tangible assets
 4 
113
1,135

  
113
1,135

Current assets
  

Debtors: amounts falling due within one year
 5 
5,933,475
109,520

Cash at bank and in hand
  
1,534
454

  
5,935,009
109,974

Creditors: amounts falling due within one year
 6 
(5,886,154)
(71,440)

Net current assets
  
 
 
48,855
 
 
38,534

Total assets less current liabilities
  
48,968
39,669

  

Net assets
  
48,968
39,669


Capital and reserves
  

Called up share capital 
  
123
123

Profit and loss account
  
48,845
39,546

  
48,968
39,669


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 and delivered 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 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 14 November 2023.



T E Fox
Director

The notes on pages 4 to 8 form part of these financial statements.
Page 1

 
REVIRESCO MANAGEMENT LIMITED
Registered number: 07728597
    
Balance sheet (continued)
As at 31 December 2022


Page 2

 
REVIRESCO MANAGEMENT LIMITED
 

Statement of changes in equity
For the Year Ended 31 December 2022


Called up share capital
Profit and loss account
Total equity



At 1 January 2021
123
18,542
18,665



Profit for the year
-
21,004
21,004



At 1 January 2022
123
39,546
39,669



Profit for the year

-
9,299
9,299


At 31 December 2022
123
48,845
48,968


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
REVIRESCO MANAGEMENT LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2022

1.


General information

Reviresco Management Limited is a private company limited by share capital, incorporated in England and Wales, registration number 07728597. The address of the registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

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.

Page 4

 
REVIRESCO MANAGEMENT LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2022

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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:

Computer equipment
-
3 years 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.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

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. 

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. 

Page 5

 
REVIRESCO MANAGEMENT LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2022

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is Euros.

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.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 6

 
REVIRESCO MANAGEMENT LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2022

4.


Tangible fixed assets





Computer equipment




Cost


At 1 January 2022
10,489



At 31 December 2022

10,489



Depreciation


At 1 January 2022
9,354


Charge for the year on owned assets
1,022



At 31 December 2022

10,376



Net book value



At 31 December 2022
113



At 31 December 2021
1,135

Page 7

 
REVIRESCO MANAGEMENT LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2022

5.


Debtors

2022
2021


Trade debtors
5,805,160
87,775

Other debtors
128,315
21,745

5,933,475
109,520



6.


Creditors: Amounts falling due within one year

2022
2021

Trade creditors
9,811
2,186

Corporation tax
2,415
6,070

Other creditors
5,873,928
63,184

5,886,154
71,440


 
Page 8