Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-3122022-11-011truetruetruetruefalseSpecialised design activitiesThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12918908 2022-11-01 2023-10-31 12918908 2021-11-01 2022-10-31 12918908 2023-10-31 12918908 2022-10-31 12918908 c:Director2 2022-11-01 2023-10-31 12918908 d:CurrentFinancialInstruments 2023-10-31 12918908 d:CurrentFinancialInstruments 2022-10-31 12918908 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12918908 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12918908 d:ShareCapital 2023-10-31 12918908 d:ShareCapital 2022-10-31 12918908 d:SharePremium 2023-10-31 12918908 d:SharePremium 2022-10-31 12918908 c:FRS102 2022-11-01 2023-10-31 12918908 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12918908 c:FullAccounts 2022-11-01 2023-10-31 12918908 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12918908 6 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number:  12918908














IDT NEWCO LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


 
IDT NEWCO LIMITED
REGISTERED NUMBER: 12918908

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
467,220
467,220

  
467,220
467,220

  

Creditors: amounts falling due within one year
 5 
(235,516)
(235,516)

Net current liabilities
  
 
 
(235,516)
 
 
(235,516)

Total assets less current liabilities
  
231,704
231,704

  

Net assets
  
231,704
231,704


Capital and reserves
  

Called up share capital 
  
4
4

Share premium account
  
231,700
231,700

  
231,704
231,704


Page 1

 
IDT NEWCO LIMITED
REGISTERED NUMBER: 12918908
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 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: 




................................................
R L Ford
Director

Date: 29 July 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
IDT NEWCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

The Company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no. 12918908). The address of the registered office is Unit 2 Turnstone Business Park, Mulberry Avenue, Widnes, England, WA8 0WN.
These financial statements present information about the Company as an individual undertaking. The Company is the parent undertaking of a small group.
The presentation currency of these financial statements is £ sterling; the financial statements are rounded to the nearest £.

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

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).



 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

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 - 1).

Page 3

 
IDT NEWCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 November 2022
467,220



At 31 October 2023
467,220





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
235,516
235,516

235,516
235,516



6.


Related party transactions

At the balance sheet date, the Company owed £235,516 (2022 - £235,516) to Instrument Design Technology Limited, a subsidiary company.


7.


Controlling party

The ultimate controlling party is R L Ford, by way of their shareholding in the parent company, IDT Management Ltd.

 
Page 4