Caseware UK (AP4) 2023.0.135 2023.0.135 true552022-04-01falseNo description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12516581 2022-04-01 2023-03-31 12516581 2021-04-01 2022-03-31 12516581 2023-03-31 12516581 2022-03-31 12516581 c:Director3 2022-04-01 2023-03-31 12516581 d:ComputerEquipment 2022-04-01 2023-03-31 12516581 d:ComputerEquipment 2023-03-31 12516581 d:ComputerEquipment 2022-03-31 12516581 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12516581 d:CurrentFinancialInstruments 2023-03-31 12516581 d:CurrentFinancialInstruments 2022-03-31 12516581 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12516581 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12516581 d:ShareCapital 2023-03-31 12516581 d:ShareCapital 2022-03-31 12516581 d:RetainedEarningsAccumulatedLosses 2023-03-31 12516581 d:RetainedEarningsAccumulatedLosses 2022-03-31 12516581 c:EntityNoLongerTradingButTradedInPast 2022-04-01 2023-03-31 12516581 c:FRS102 2022-04-01 2023-03-31 12516581 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12516581 c:FullAccounts 2022-04-01 2023-03-31 12516581 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12516581 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 12516581









Regital Limited (Formerly Skyrise Intelligence Limited)







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2023

 
Regital Limited (Formerly Skyrise Intelligence Limited)
Registered number: 12516581

Balance Sheet
As at 31 March 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
255,695
303,093

Cash at bank and in hand
  
-
578,919

  
255,695
882,012

Creditors: amounts falling due within one year
 6 
-
(763,472)

Net current assets
  
 
 
255,695
 
 
118,540

Total assets less current liabilities
  
255,695
118,540

  

Net assets
  
255,695
118,540


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
255,495
118,340

  
255,695
118,540


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 income and retained earnings 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: 




M Vint
Director

Date: 19 December 2023

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
Regital Limited (Formerly Skyrise Intelligence Limited)
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2023

1.


General information

Regital Limited (Formerly Skyrise Intelligence Limited) is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Lancashire Gate, 21 Tiviot Dale, Stockport, Cheshire, SK1 1TD. The company’s registered number is 12516581.

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

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss 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.

 
2.5

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.

Page 2

 
Regital Limited (Formerly Skyrise Intelligence Limited)
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)

 
2.6

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.

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
-
15%

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.

 
2.7

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.

 
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 the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
5
5

Page 3

 
Regital Limited (Formerly Skyrise Intelligence Limited)
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2023

4.


Tangible fixed assets





Computer equipment

£





Additions
1,394


Transfers intra group
(1,394)



At 31 March 2023

-





Charge for the year
58


Transfers intra group
(58)



At 31 March 2023

-



Net book value



At 31 March 2023
-



At 31 March 2022
-


5.


Debtors

2023
2022
£
£


Trade debtors
-
295,795

Amounts owed by group undertakings
255,695
-

Amounts owed by related parties
-
4,227

Other debtors
-
200

Prepayments and accrued income
-
2,871

255,695
303,093


Page 4

 
Regital Limited (Formerly Skyrise Intelligence Limited)
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
230,592

Corporation tax
-
28,022

Other taxation and social security
-
6,376

Amounts owed to directors
-
107,214

Accruals
-
391,268

-
763,472



7.


Related party transactions

The company has made use of the provisions available under FRS 102 to not disclose transactions with entities that
are wholly owned by its parent, other than those which do not arise under an arm's length basis.
Transactions with directors
During the year, one of the directors provided consultancy services for the company. The fees in respect of this
amounted to £49,000 (
2022: £100,500) and are included in administrative expenses.


8.


Controlling party

Skyrise Intelligence Limited (Formerly Regital Limited) is the immediate and ultimate parent of the company. Skyrise Intelligence Limited (Formerly Regital Limited) has company number 07581261 and its registered office is Huckletree Express Building, 9 Great Ancoats Street, Manchester, M4 5AD.
Skyrise Intelligence Limited (Formerly Regital Limited) is controlled by I Vint and M Vint, by virtue of their shareholding in the company.

 
Page 5