Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-08-01falseThe principal activity of the company continues to be that of management consultancy22truetrue 09667097 2022-08-01 2023-07-31 09667097 2021-08-01 2022-07-31 09667097 2023-07-31 09667097 2022-07-31 09667097 c:Director1 2022-08-01 2023-07-31 09667097 d:MotorVehicles 2022-08-01 2023-07-31 09667097 d:MotorVehicles 2023-07-31 09667097 d:MotorVehicles 2022-07-31 09667097 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09667097 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 09667097 d:ComputerEquipment 2022-08-01 2023-07-31 09667097 d:ComputerEquipment 2023-07-31 09667097 d:ComputerEquipment 2022-07-31 09667097 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09667097 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 09667097 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09667097 d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 09667097 d:CurrentFinancialInstruments 2023-07-31 09667097 d:CurrentFinancialInstruments 2022-07-31 09667097 d:Non-currentFinancialInstruments 2023-07-31 09667097 d:Non-currentFinancialInstruments 2022-07-31 09667097 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 09667097 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 09667097 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 09667097 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 09667097 d:ShareCapital 2023-07-31 09667097 d:ShareCapital 2022-07-31 09667097 d:RetainedEarningsAccumulatedLosses 2023-07-31 09667097 d:RetainedEarningsAccumulatedLosses 2022-07-31 09667097 c:OrdinaryShareClass1 2022-08-01 2023-07-31 09667097 c:OrdinaryShareClass1 2023-07-31 09667097 c:OrdinaryShareClass1 2022-07-31 09667097 c:OrdinaryShareClass2 2022-08-01 2023-07-31 09667097 c:OrdinaryShareClass2 2023-07-31 09667097 c:OrdinaryShareClass2 2022-07-31 09667097 c:FRS102 2022-08-01 2023-07-31 09667097 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09667097 c:FullAccounts 2022-08-01 2023-07-31 09667097 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09667097 6 2022-08-01 2023-07-31 09667097 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 09667097 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 09667097 e:PoundSterling 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09667097














RODI PARTNERS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
RODI PARTNERS LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
RODI PARTNERS LIMITED
REGISTERED NUMBER:09667097

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
36,313
48,158

Investments
 6 
15,000
-

  
51,313
48,158

Current assets
  

Debtors: amounts falling due within one year
 7 
19,995
48,424

Cash at bank and in hand
 8 
178,285
233,199

  
198,280
281,623

Creditors: amounts falling due within one year
 9 
(26,314)
(36,061)

Net current assets
  
 
 
171,966
 
 
245,562

Total assets less current liabilities
  
223,279
293,720

Creditors: amounts falling due after more than one year
 10 
(27,321)
(31,837)

Provisions for liabilities
  

Deferred tax
 11 
(9,078)
(12,040)

  
 
 
(9,078)
 
 
(12,040)

Net assets
  
186,880
249,843


Capital and reserves
  

Called up share capital 
 12 
200
200

Profit and loss account
  
186,680
249,643

  
186,880
249,843


1

 
RODI PARTNERS LIMITED
REGISTERED NUMBER:09667097
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

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 profit and loss account 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 16 April 2024.




................................................
C M Donegan
Director

The notes on pages 3 to 8 form part of these financial statements.

2

 
RODI PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Rodi Partners Limited is a private company, limited by shares, registered in England and Wales, registration number 09667097
The address of the registered office is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continues to be that of management consultancy.

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.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

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.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of consultancy services supplied during the year, exclusive of Value Added Tax.

 
2.4

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.5

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.

3

 
RODI PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year 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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.7

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 method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
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.

4

 
RODI PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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 Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

 Debtors

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

 
2.10

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.11

 Creditors

Short-term creditors are measured at the transaction price. 

 
2.12

 Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.14

 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 year was 2 (2022 - 2).

5

 
RODI PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Dividends

2023
2022
£
£


Dividends paid
76,340
68,622


5.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost


At 1 August 2022
53,990
4,189
58,179



At 31 July 2023

53,990
4,189
58,179



Depreciation


At 1 August 2022
8,099
1,922
10,021


Charge for the year on owned assets
-
1,047
1,047


Charge for the year on financed assets
10,798
-
10,798



At 31 July 2023

18,897
2,969
21,866



Net book value



At 31 July 2023
35,093
1,220
36,313



At 31 July 2022
45,891
2,267
48,158

6

 
RODI PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Fixed asset investments





Unlisted investments

£



Cost 


Additions
15,000



At 31 July 2023
15,000





7.


Debtors

2023
2022
£
£


Trade debtors
9,900
42,000

Other debtors
3,572
-

Prepayments and accrued income
6,523
6,424

19,995
48,424



8.


Cash

2023
2022
£
£

Cash at bank and in hand
178,285
233,199



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
5,789
11,515

Other taxation and social security
10,493
15,931

Obligations under finance lease and hire purchase contracts
4,517
4,517

Other creditors
-
1,698

Accruals and deferred income
5,515
2,400

26,314
36,061


7

 
RODI PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
27,321
31,837



11.


Deferred taxation




2023


£






At beginning of year
(12,040)


Utilised in year
2,962



At end of year
(9,078)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(9,078)
(12,040)


12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary A shares of £1.00 each
100
100
100 (2022 - 100) Ordinary B shares of £1.00 each
100
100

200

200


A and B ordinary shares rank pari passu in all respects.



13.


Related party transactions

As at the balance sheet date, the company was due £3,572 (2022 - £1,698 was owed) from the directors. This is an interest free loan, repayable on demand.
Dividends totalling £76,340 (2022 - £68,622) were paid to the directors during the year.

 
8