Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31No description of principal activity2022-12-01truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false33true 14322467 2022-12-01 2024-05-31 14322467 2021-12-01 2022-11-30 14322467 2024-05-31 14322467 2022-11-30 14322467 c:Director3 2022-12-01 2024-05-31 14322467 d:CurrentFinancialInstruments 2024-05-31 14322467 d:CurrentFinancialInstruments 2022-11-30 14322467 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14322467 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 14322467 d:ShareCapital 2024-05-31 14322467 d:ShareCapital 2022-11-30 14322467 c:OrdinaryShareClass1 2022-12-01 2024-05-31 14322467 c:OrdinaryShareClass1 2024-05-31 14322467 c:OrdinaryShareClass1 2022-11-30 14322467 c:FRS102 2022-12-01 2024-05-31 14322467 c:AuditExempt-NoAccountantsReport 2022-12-01 2024-05-31 14322467 c:FullAccounts 2022-12-01 2024-05-31 14322467 c:PrivateLimitedCompanyLtd 2022-12-01 2024-05-31 14322467 e:PoundSterling 2022-12-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14322467









ROUTE 24 VOLPE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2024

 
ROUTE 24 VOLPE LIMITED
REGISTERED NUMBER: 14322467

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

31 May
30 November
2024
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,125,177
100

Cash at bank and in hand
 5 
58,825
-

  
1,184,002
100

Creditors: amounts falling due within one year
 6 
(1,183,902)
-

Net current assets
  
 
 
100
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
 7 
100
100

  
100
100


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 period 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 on 20 August 2024.



M J W Samuelson
Director

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

 
ROUTE 24 VOLPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

Route 24 VolpeLimited is a private company limited by shares and registered in England & Wales. The
address of its registered office is 124 Finchley Road, London, NW3 5JS and the principal place of
business is Unit 204, 27/31 Clerkenwell Close, London, EC1R 0AT

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 comprises production income.
Production income is recognised in the Statement of Income and Retained Earnings in the period it is contractually due and expended on production and other costs

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. 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.
The Company is eligible to claim a tax credit on production costs; the tax credit comprises relief
based on total net costs and an additional deduction for enhanceable expenditure. The Company
claims a payment based on the amount of enhanced expenditure and carries losses arising from
total net costs forward against future profits.

 
2.5

Debtors

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

 
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.

 
2.7

Creditors

Short term creditors are measured at the transaction price, less any impairment

Page 2

 
ROUTE 24 VOLPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

3.


Employees

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


4.


Debtors

31 May
30 November
2024
2022
£
£


Trade debtors
531,917
-

Other debtors
93,325
-

Called up share capital not paid
-
100

Tax recoverable
499,935
-

1,125,177
100



5.


Cash and cash equivalents

31 May
30 November
2024
2022
£
£

Cash at bank and in hand
58,825
-

58,825
-



6.


Creditors: Amounts falling due within one year

31 May
30 November
2024
2022
£
£

Other loans
343,922
-

Trade creditors
4,489
-

Amounts owed to group undertakings
567,392
-

Other creditors
3,432
-

Accruals and deferred income
264,667
-

1,183,902
-


Page 3

 
ROUTE 24 VOLPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

7.


Share capital

31 May
30 November
2024
2022
£
£
Allotted, called up and fully paid



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

On incorporation the company issued 100 ordinary shares of £1 each at par for a cash consideration



8.


Related party transactions

During the period, fees and recharges totalling £1,061,977 were payable to the shareholder of the company. Also during the period payments totalling £369,120 were made in respect of the fees and recharges. At the reporting date £905,252 was payable to the shareholder of the company.  All transactions were carried out at arms length.
During the period, advances totalling £250,000 were received from the shareholder of the company.  At the reporting date £Nil was due in respect of these advances. The loan is repayable on demand and not interest bearing.


9.


Controlling party

Throughout the period, the immediate and ultimate parent undertaking was Route 24 Limited, a company
incorporated in England. The ultimate controlling party was M Samuelson, a director of Route 24 Volpe
Limited.
 
Page 4