Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10335383 2023-01-01 2023-12-31 10335383 2022-01-01 2022-12-31 10335383 2023-12-31 10335383 2022-12-31 10335383 1 2023-01-01 2023-12-31 10335383 d:Director1 2023-01-01 2023-12-31 10335383 d:Director2 2023-01-01 2023-12-31 10335383 d:Director3 2023-01-01 2023-12-31 10335383 d:RegisteredOffice 2023-01-01 2023-12-31 10335383 c:CurrentFinancialInstruments 2023-12-31 10335383 c:CurrentFinancialInstruments 2022-12-31 10335383 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 10335383 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 10335383 c:ShareCapital 2023-12-31 10335383 c:ShareCapital 2022-12-31 10335383 c:RetainedEarningsAccumulatedLosses 2023-12-31 10335383 c:RetainedEarningsAccumulatedLosses 2022-12-31 10335383 d:FRS102 2023-01-01 2023-12-31 10335383 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10335383 d:FullAccounts 2023-01-01 2023-12-31 10335383 d:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 10335383 (England and Wales)














VERTICAL RESEARCH PARTNERS UK LIMITED
UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023


 
VERTICAL RESEARCH PARTNERS UK LIMITED
 

 
COMPANY INFORMATION


Directors
J Sprague 
R A Stallard 
D V Sulpizio 




Registered number
10335383



Registered office
Birchin Court
5th Floor

19-25 Birchin Lane

London

England

EC3V 9DU




Accountants
ZEDRA Corporate Reporting Services (UK) Limited






 
VERTICAL RESEARCH PARTNERS UK LIMITED
 


CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 4



 
VERTICAL RESEARCH PARTNERS UK LIMITED
REGISTERED NUMBER:10335383


BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
340,973
254,161

Bank and cash balances
  
103,530
4,102

  
444,503
258,263

Creditors: amounts falling due within one year
 4 
(327,996)
(180,440)

Net current assets
  
 
 
116,507
 
 
77,823

Total assets less current liabilities
  
116,507
77,823

  

Net assets
  
116,507
77,823


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
116,407
77,723

  
116,507
77,823


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 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 by: 


D V Sulpizio
Director

Date: 16 April 2024

The notes on pages 2 to 4 form part of these financial statements.
Page 1


 
VERTICAL RESEARCH PARTNERS UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

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 following principal accounting policies have been applied:

  
1.2

Going Concern

Vertical Research Partners UK Limited has received written confirmation from its parent company, Vertical Research Partners, LLC, that it will continue to provide financial support for a period of at least 12 months from the date of signing these financial statements. For this reason, the directors continue to adopt the going concern basis in preparing the financial statements.

 
1.3

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover is recognised on a cost plus 6% basis, in line with the intercompany service agreement with the parent company. Intercompany turnover is recognised 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 intercompany service agreement;
the costs incurred under the intercompany service agreement can be measured reliably.

 
1.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at amortised cost using the effective interest method, less any impairment. No interest is charged on the loan which is repayable on demand. 

 
1.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

  
1.6

Creditors

Short term creditors are measured at the transaction price.

Page 2


 
VERTICAL RESEARCH PARTNERS UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

 
1.8

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.

 
1.9

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.


2.


Employees

The average monthly number of employees during the year was 1 (2022 - 1).

Page 3


 
VERTICAL RESEARCH PARTNERS UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
336,484
251,667

Other debtors
1,542
895

Prepayments and accrued income
2,947
1,599

340,973
254,161



4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
11,515
10,173

Other taxation and social security
177,653
51,272

Other creditors
1,045
333

Accruals and deferred income
137,783
118,662

327,996
180,440



5.


Parent company

Vertical Research Partners, LLC is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 6 Landmark Square, 7th Floor, Stamford, Connecticut 06901, USA.


6.


Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved. 

 
Page 4