Caseware UK (AP4) 2022.0.179 2022.0.179 2024-01-312024-01-31false32023-02-01No description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09941787 2023-02-01 2024-01-31 09941787 2022-02-01 2023-01-31 09941787 2024-01-31 09941787 2023-01-31 09941787 c:Director1 2023-02-01 2024-01-31 09941787 d:MotorVehicles 2023-02-01 2024-01-31 09941787 d:MotorVehicles 2024-01-31 09941787 d:MotorVehicles 2023-01-31 09941787 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09941787 d:OfficeEquipment 2023-02-01 2024-01-31 09941787 d:OfficeEquipment 2024-01-31 09941787 d:OfficeEquipment 2023-01-31 09941787 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09941787 d:ComputerEquipment 2023-02-01 2024-01-31 09941787 d:ComputerEquipment 2024-01-31 09941787 d:ComputerEquipment 2023-01-31 09941787 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09941787 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09941787 d:CurrentFinancialInstruments 2024-01-31 09941787 d:CurrentFinancialInstruments 2023-01-31 09941787 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09941787 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09941787 d:ShareCapital 2024-01-31 09941787 d:ShareCapital 2023-01-31 09941787 d:RetainedEarningsAccumulatedLosses 2024-01-31 09941787 d:RetainedEarningsAccumulatedLosses 2023-01-31 09941787 c:FRS102 2023-02-01 2024-01-31 09941787 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09941787 c:FullAccounts 2023-02-01 2024-01-31 09941787 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09941787 2 2023-02-01 2024-01-31 09941787 6 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 09941787










RUBICON ASSET CONSULTANTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
RUBICON ASSET CONSULTANTS LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2
Notes to the Financial Statements
 
 
3 - 8


 
RUBICON ASSET CONSULTANTS LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RUBICON ASSET CONSULTANTS LIMITED
FOR THE YEAR ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rubicon Asset Consultants Limited for the year ended 31 January 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Rubicon Asset Consultants Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Rubicon Asset Consultants Limited  and state those matters that we have agreed to state to the director of Rubicon Asset Consultants Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rubicon Asset Consultants Limited and its director for our work or for this report. 

It is your duty to ensure that Rubicon Asset Consultants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rubicon Asset Consultants Limited. You consider that Rubicon Asset Consultants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Rubicon Asset Consultants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  


BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT
26 March 2024
Page 1

 
RUBICON ASSET CONSULTANTS LIMITED
REGISTERED NUMBER: 09941787

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2024
2023
2023
Note
£
£
£
£

FIXED ASSETS
  

Tangible assets
 4 
18,991
23,067

Investments
 5 
53,750
-

  
72,741
23,067

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
664,156
452,938

Cash at bank and in hand
 7 
486,025
235,922

  
1,150,181
688,860

Creditors: amounts falling due within one year
 8 
(293,138)
(173,874)

NET CURRENT ASSETS
  
 
 
857,043
 
 
514,986

  

NET ASSETS
  
929,784
538,053


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
929,684
537,953

  
929,784
538,053


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 year 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 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 26 March 2024.



R M BERELOWITZ
Director

Page 2

 
RUBICON ASSET CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.ACCOUNTING POLICIES

 
1.1

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 (see note 2).

The following principal accounting policies have been applied:

  
1.2

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.

 
1.3

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
1.4

INTEREST INCOME

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

 
1.5

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.6

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 3

 
RUBICON ASSET CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.ACCOUNTING POLICIES (CONTINUED)

 
1.7

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 and reducing balance methods.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance
Office equipment
-
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.

 
1.8

VALUATION OF INVESTMENTS

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
1.9

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.

 
1.10

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.11

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 4

 
RUBICON ASSET CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.ACCOUNTING POLICIES (CONTINUED)

 
1.12

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
1.13

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.

Page 5

 
RUBICON ASSET CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.



JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, which are described in note 1, management is required to make judgments, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revise affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.  


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


TANGIBLE FIXED ASSETS





Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£



COST OR VALUATION


At 1 February 2023
28,712
10,053
3,249
42,014


Additions
-
-
1,031
1,031



At 31 January 2024

28,712
10,053
4,280
43,045



DEPRECIATION


At 1 February 2023
12,561
4,966
1,420
18,947


Charge for the year on owned assets
4,037
-
1,070
5,107



At 31 January 2024

16,598
4,966
2,490
24,054



NET BOOK VALUE



At 31 January 2024
12,114
5,087
1,790
18,991



At 31 January 2023
16,151
5,087
1,829
23,067

Page 6

 
RUBICON ASSET CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


FIXED ASSET INVESTMENTS





Unlisted investments

£



COST OR VALUATION


At 1 February 2023
-


Additions
53,750



At 31 January 2024
53,750





6.


DEBTORS

2024
2023
£
£


Trade debtors
203,504
159,104

Loans receivable
404,783
257,184

Prepayments and accrued income
55,869
36,650

664,156
452,938



7.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
486,025
235,922



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Corporation tax
284,410
152,906

Other taxation and social security
5,175
17,277

Other creditors
1,268
1,296

Accruals and deferred income
2,285
2,395

293,138
173,874


Page 7

 
RUBICON ASSET CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £nil (2023 - £nil) were payable to the fund at the balance sheet date and are included in creditors


Page 8