Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false22023-01-01No description of principal activity2truetruefalse 12913823 2023-01-01 2023-12-31 12913823 2022-01-01 2022-12-31 12913823 2023-12-31 12913823 2022-12-31 12913823 c:Director2 2023-01-01 2023-12-31 12913823 d:CurrentFinancialInstruments 2023-12-31 12913823 d:CurrentFinancialInstruments 2022-12-31 12913823 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12913823 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12913823 d:ShareCapital 2023-12-31 12913823 d:ShareCapital 2022-12-31 12913823 d:RetainedEarningsAccumulatedLosses 2023-12-31 12913823 d:RetainedEarningsAccumulatedLosses 2022-12-31 12913823 c:FRS102 2023-01-01 2023-12-31 12913823 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12913823 c:FullAccounts 2023-01-01 2023-12-31 12913823 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12913823 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12913823










GROUP RMC MANAGEMENT UK LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
GROUP RMC MANAGEMENT UK LTD
REGISTERED NUMBER: 12913823

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
10,661
4,707

Cash at bank and in hand
  
5,664
1,605

Creditors: amounts falling due within one year
 5 
(45,047)
(46,758)

Net current liabilities
  
 
 
(28,722)
 
 
(40,446)

  

Net liabilities
  
(28,722)
(40,446)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(28,723)
(40,447)

  
(28,722)
(40,446)


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 on 19 August 2024.




L Baumgartner
Director

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

Page 1

 
GROUP RMC MANAGEMENT UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Group RMC Management UK Ltd is a private Company limited by shares, incorporated in England and Wales (registered number: 12913823). The registered office is 45 Pont Street, London, SW1X 0BD. The principal activity of the Company throughout the year was that of a UK service provider for a US parent entity in the investment sector.

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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which assumes that the Company will continue in operational existence for the foreseeable future.
The validity of this assumption depends on the ability of the company to generate profits in the future. The directors believe this to be well founded, based on current and expected future levels of activity. The financial statements do not include any adjustments that would result if sufficient profits were not generated.

 
2.3

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

Page 2

 
GROUP RMC MANAGEMENT UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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 the Statement of Income and Retained Earnings 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.

 
2.6

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.

The current 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.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties, and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a et basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
6,058
4,707

Prepayments and accrued income
4,603
-
Page 3

 
GROUP RMC MANAGEMENT UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.Debtors (continued)


10,661
4,707



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
40,947
40,808

Other creditors
-
950

Accruals and deferred income
4,100
5,000

45,047
46,758



6.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,580 (2022: £460). Contributions totalling £nil (2022 - £460) were payable to the fund at the Balance Sheet date and are included in creditors.


7.


Controlling party

The immediate controlling party is Group RMC Services Inc., a Company incorporated in Canada, by virtue of the share ownership. The ultimate group is controlled by Mr A Massa and the estate of Mr R Massa. 

 
Page 4