Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2022-11-29false00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14512289 2022-11-28 14512289 2022-11-29 2023-12-31 14512289 2021-11-29 2022-11-28 14512289 2023-12-31 14512289 c:Director1 2022-11-29 2023-12-31 14512289 d:CurrentFinancialInstruments 2023-12-31 14512289 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14512289 d:ShareCapital 2023-12-31 14512289 d:RetainedEarningsAccumulatedLosses 2023-12-31 14512289 c:FRS102 2022-11-29 2023-12-31 14512289 c:AuditExempt-NoAccountantsReport 2022-11-29 2023-12-31 14512289 c:FullAccounts 2022-11-29 2023-12-31 14512289 c:PrivateLimitedCompanyLtd 2022-11-29 2023-12-31 14512289 e:PoundSterling 2022-11-29 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14512289










EDGE RENOVATE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
EDGE RENOVATE LTD
REGISTERED NUMBER: 14512289

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

  

Current assets
  

Stocks
  
196,969

Debtors: amounts falling due within one year
 4 
43,895

Cash at bank and in hand
 5 
9,008

  
249,872

Creditors: amounts falling due within one year
 6 
(278,860)

Net current (liabilities)/assets
  
 
 
(28,988)

Total assets less current liabilities
  
(28,988)

  

Net (liabilities)/assets
  
(28,988)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(29,088)

  
(28,988)


Page 1

 
EDGE RENOVATE LTD
REGISTERED NUMBER: 14512289
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 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 by: 




Mr Simon Lloyd-Jones
Director

Date: 19 August 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
EDGE RENOVATE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Edge Renovate Limited is a private limited company, limited by shares, incorporated in England and Wales with its registered office at Lea Querry, Stretton Westwood, Much Wenlock, Shropshire, TF13 6DG.

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

Going concern

These accounts have been prepared on a going concern basis on the understanding that the
directors of the ultimate parent undertaking Edge Topco will continue to support the company.

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
EDGE RENOVATE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, 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. 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.

 
2.8

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the period was 0.


4.


Debtors

Page 4

 
EDGE RENOVATE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
2023
£


Other debtors
40,361

Prepayments and accrued income
3,534

43,895



5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
9,008

9,008



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
102,251

Amounts owed to group undertakings
175,759

Accruals and deferred income
850

278,860



7.


Controlling party

The ultimate parent undertaking of the Company is Edge Topco Limited, a company which owns 100% of the issued share capital of the company.
The ultimate controlling party is considered to be Simon Lloyd-Jones by virtue of his shareholding in Edge Topco Limited. 

 
Page 5