Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-313The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-11-01falseNo description of principal activity3truetruefalse 10424493 2022-11-01 2023-10-31 10424493 2021-11-01 2022-10-31 10424493 2023-10-31 10424493 2022-10-31 10424493 c:Director1 2022-11-01 2023-10-31 10424493 d:PatentsTrademarksLicencesConcessionsSimilar 2023-10-31 10424493 d:PatentsTrademarksLicencesConcessionsSimilar 2022-10-31 10424493 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-31 10424493 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-10-31 10424493 d:CurrentFinancialInstruments 2023-10-31 10424493 d:CurrentFinancialInstruments 2022-10-31 10424493 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10424493 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 10424493 d:ShareCapital 2023-10-31 10424493 d:ShareCapital 2022-10-31 10424493 d:RetainedEarningsAccumulatedLosses 2023-10-31 10424493 d:RetainedEarningsAccumulatedLosses 2022-10-31 10424493 c:OrdinaryShareClass2 2022-11-01 2023-10-31 10424493 c:OrdinaryShareClass2 2023-10-31 10424493 c:OrdinaryShareClass2 2022-10-31 10424493 c:FRS102 2022-11-01 2023-10-31 10424493 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10424493 c:FullAccounts 2022-11-01 2023-10-31 10424493 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10424493 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2022-11-01 2023-10-31 10424493 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-11-01 2023-10-31 10424493 e:PoundSterling 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10424493









RSG INNOVATIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
RSG INNOVATIONS LIMITED
REGISTERED NUMBER: 10424493

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 5 
174,379
182,010

  
174,379
182,010

Current assets
  

Debtors: amounts falling due within one year
 6 
390
1,138

Cash at bank and in hand
  
419
22

  
809
1,160

Creditors: amounts falling due within one year
 7 
(432,903)
(421,695)

Net current liabilities
  
 
 
(432,094)
 
 
(420,535)

Total assets less current liabilities
  
(257,715)
(238,525)

  

Net liabilities
  
(257,715)
(238,525)


Capital and reserves
  

Called up share capital 
 8 
4,000
4,000

Profit and loss account
  
(261,715)
(242,525)

  
(257,715)
(238,525)


Page 1

 
RSG INNOVATIONS LIMITED
REGISTERED NUMBER: 10424493
    
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 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 31 July 2024.




R Desai
Director

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

Page 2

 
RSG INNOVATIONS 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, incorporated and domiciled in England within the United Kingdom, registration number 10424493.  The Company's registered office is Forward House, 17 High Street, Henley-In-Arden, Warwickshire, B95 5AA.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

 
2.2

Going concern

During the year the company made a loss and as a result has net liabilities as at 31 October 2023. The director and shareholders will continue to support the company and therefore the accounts have been prepared on a going concern basis.

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Debtors

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

Page 3

 
RSG INNOVATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Taxation





As at 31 October 2023 the company had trading tax losses of £275,176 (2022 - £255,986) available to be offset against future trading profits.

Page 4

 
RSG INNOVATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Intangible assets



Patents & trademarks
Develop-ment expenditure
Total

£
£
£



Cost


At 1 November 2022
38,154
163,158
201,312



At 31 October 2023

38,154
163,158
201,312



Amortisation


At 1 November 2022
19,302
-
19,302


Charge for the year on owned assets
7,631
-
7,631



At 31 October 2023

26,933
-
26,933



Net book value



At 31 October 2023
11,221
163,158
174,379



At 31 October 2022
18,852
163,158
182,010




6.


Debtors

2023
2022
£
£


Other debtors
390
739

Prepayments and accrued income
-
399

390
1,138


Page 5

 
RSG INNOVATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,846
4,948

Amounts owed to group undertakings
407,261
400,358

Other taxation and social security
275
1,146

Other creditors
18,225
13,893

Accruals and deferred income
296
1,350

432,903
421,695


The following liabilities were secured:

2023
2022
£
£



Amounts owed to group undertakings
407,261
400,358

407,261
400,358

Details of security provided:

Amounts owed to group undertakings are secured by a fixed and floating charge over the assets of the company in favour of Saville Estates Limited.


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



40,000 (2022 - 40,000) Ordinary shares of £0.10 each
4,000
4,000



9.


Related party transactions

During the year the company received a loan of £6,903 (2022 - £4,055) from the parent company.  As at 31 October 2023 £407,261 (2022 - £400,358) was owed by the company.
All loans are interest free and repayable on demand.


10.


Controlling party

The ultimate and immediate parent company is Saville Estates Limited a company registered in England and Wales. The registered office of the parent company is Forward House, 17 High Street, Henley In Arden, Warwickshire, B95 5AA. 

Page 6

 
RSG INNOVATIONS LIMITED
 
 
 Page 7