Caseware UK (AP4) 2022.0.179 2022.0.179 2024-01-312024-01-310falsetruefalsetrue2022-07-25No description of principal activity3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14255423 2022-07-24 14255423 2022-07-25 2024-01-31 14255423 2021-07-25 2022-07-24 14255423 2024-01-31 14255423 c:Director1 2022-07-25 2024-01-31 14255423 d:ComputerEquipment 2022-07-25 2024-01-31 14255423 d:ComputerEquipment 2024-01-31 14255423 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-25 2024-01-31 14255423 d:CurrentFinancialInstruments 2024-01-31 14255423 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14255423 d:ShareCapital 2024-01-31 14255423 d:RetainedEarningsAccumulatedLosses 2024-01-31 14255423 c:FRS102 2022-07-25 2024-01-31 14255423 c:AuditExempt-NoAccountantsReport 2022-07-25 2024-01-31 14255423 c:FullAccounts 2022-07-25 2024-01-31 14255423 c:PrivateLimitedCompanyLtd 2022-07-25 2024-01-31 14255423 e:PoundSterling 2022-07-25 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 14255423









ROUNDSTONE WEST LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2024

 
ROUNDSTONE WEST LTD
REGISTERED NUMBER: 14255423

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
2,302

  
2,302

Current assets
  

Debtors: amounts falling due within one year
 5 
156,863

Cash at bank and in hand
 6 
505,114

  
661,977

Creditors: amounts falling due within one year
 7 
(300,238)

Net current assets
  
 
 
361,739

Total assets less current liabilities
  
364,041

  

Net assets
  
364,041


Capital and reserves
  

Called up share capital 
  
20

Profit and loss account
  
364,021

  
364,041


Page 1

 
ROUNDSTONE WEST LTD
REGISTERED NUMBER: 14255423
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

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 on 23 April 2024.




R P Banks
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ROUNDSTONE WEST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

Roundstone West Limited is a private company limited by shares and is incorporated in England & Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.
The Company was incorporated on 25 July 2022 and commenced activities on 1 August 2022.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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:
Fees receivable
Revenue is recognised in the period in which services are provided under the terms of the agreement. These services are primarily rendered under agreements that require the client to pay on a monthly basis as the services are rendered. Revenue recognised for services performed and not yet billed to clients are recognised as accrued income.

 
2.3

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Taxation

Tax is recognised in profit or loss and 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.

Page 3

 
ROUNDSTONE WEST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

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.

The estimated useful lives range as follows:

Computer equipment
-
3
years

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.

 
2.6

Debtors

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

 
2.7

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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 3.

Page 4

 
ROUNDSTONE WEST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
3,069



At 31 January 2024

3,069



Depreciation


Charge for the period on owned assets
767



At 31 January 2024

767



Net book value



At 31 January 2024
2,302


5.


Debtors

2024
£


Amounts owed by group undertakings
20

Other debtors
6,843

Prepayments and accrued income
150,000

156,863



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
505,114

505,114


Page 5

 
ROUNDSTONE WEST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
17,940

Corporation tax
213,821

Other taxation and social security
62,121

Other creditors
1,856

Accruals and deferred income
4,500

300,238



8.


Pension commitments

At the reporting date, there was was an amount of £23 outstanding in respect of pension contributions payable by the Company.
Contributions payable during the period amounted to £15,023.


9.


Related party transactions

The Company has taken advantage of the exemptions provided by "Financial Reporting Standard 102" not to disclose transactions with the entities wholly owned within the group.
The Company has not entered into any material transactions with related parties that have not been conducted under normal market conditions.


10.


Controlling party

The immediate and ultimate parent company of the Company is Atterbury Developments Limited, a company incorporated in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.
.
There are no consolidated financial statements prepared that include the results of the Company.
The director considers the current ultimate controlling parties to be R P Banks and C L Banks by virtue of their shareholdings in Atterbury Developments Limited.

 
Page 6