Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31Management consultancy activities other than financial managementThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12022-07-20falsetruetrue 14245824 2022-07-19 14245824 2022-07-20 2023-07-31 14245824 2021-08-01 2022-07-19 14245824 2023-07-31 14245824 c:Director1 2022-07-20 2023-07-31 14245824 d:MotorVehicles 2022-07-20 2023-07-31 14245824 d:MotorVehicles 2023-07-31 14245824 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-20 2023-07-31 14245824 d:OfficeEquipment 2022-07-20 2023-07-31 14245824 d:OfficeEquipment 2023-07-31 14245824 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-20 2023-07-31 14245824 d:ComputerEquipment 2022-07-20 2023-07-31 14245824 d:OwnedOrFreeholdAssets 2022-07-20 2023-07-31 14245824 d:CurrentFinancialInstruments 2023-07-31 14245824 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14245824 d:ShareCapital 2023-07-31 14245824 d:RetainedEarningsAccumulatedLosses 2023-07-31 14245824 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 14245824 c:FRS102 2022-07-20 2023-07-31 14245824 c:AuditExempt-NoAccountantsReport 2022-07-20 2023-07-31 14245824 c:FullAccounts 2022-07-20 2023-07-31 14245824 c:PrivateLimitedCompanyLtd 2022-07-20 2023-07-31 14245824 e:PoundSterling 2022-07-20 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 14245824









RHUBARB CAPITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2023

 
RHUBARB CAPITAL LIMITED
REGISTERED NUMBER: 14245824

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
44,226

  
44,226

Current assets
  

Cash at bank and in hand
  
79,017

  
79,017

Creditors: amounts falling due within one year
 5 
(20,711)

Net current assets
  
 
 
58,306

Total assets less current liabilities
  
102,532

Provisions for liabilities
  

Deferred tax
 6 
(11,057)

  
 
 
(11,057)

Net assets
  
91,475


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
91,474

  
91,475


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 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: 
Page 1

 
RHUBARB CAPITAL LIMITED
REGISTERED NUMBER: 14245824
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023






................................................
James Robson
Director
Date: 8 April 2024

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

Page 2

 
RHUBARB CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

The principal activity of Rhubarb Capital Limited during the period was that of Management Consulting. 
The company is a private company limited by shares and is incorporated in England and Wales.
The company was incorporated on the 20 July 2022.
The registered office address is Stonecross, Trumpington High Street, Cambridge, CB2 9SU. 
 

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.

Page 3

 
RHUBARB CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the Period comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

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:

Motor vehicles
-
25% Straight line
Computer equipment
-
25% 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.

 
2.5

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.
 
Page 4

 
RHUBARB CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 
2.6

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 Period was 1.

Page 5

 
RHUBARB CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


Additions
43,973
1,413
45,386



At 31 July 2023

43,973
1,413
45,386



Depreciation


Charge for the Period on owned assets
916
244
1,160



At 31 July 2023

916
244
1,160



Net book value



At 31 July 2023
43,057
1,169
44,226


5.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
18,517

Other taxation and social security
230

Other creditors
164

Accruals and deferred income
1,800

20,711



6.


Deferred taxation



2023


£






Charged to profit or loss
(11,057)



At end of year
(11,057)

Page 6

 
RHUBARB CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
 
6.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2023
£


Accelerated capital allowances
(11,057)

(11,057)

 
Page 7