Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312024-05-24false2023-01-01falseThe principal activity of the company in the year under review was that of management consultancy31truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13096028 2023-01-01 2023-12-31 13096028 2022-01-01 2022-12-31 13096028 2023-12-31 13096028 2022-12-31 13096028 c:Director2 2023-01-01 2023-12-31 13096028 d:ComputerEquipment 2023-01-01 2023-12-31 13096028 d:ComputerEquipment 2023-12-31 13096028 d:ComputerEquipment 2022-12-31 13096028 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13096028 d:CurrentFinancialInstruments 2023-12-31 13096028 d:CurrentFinancialInstruments 2022-12-31 13096028 d:Non-currentFinancialInstruments 2023-12-31 13096028 d:Non-currentFinancialInstruments 2022-12-31 13096028 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13096028 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13096028 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13096028 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 13096028 d:ShareCapital 2023-12-31 13096028 d:ShareCapital 2022-12-31 13096028 d:RetainedEarningsAccumulatedLosses 2023-12-31 13096028 d:RetainedEarningsAccumulatedLosses 2022-12-31 13096028 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13096028 c:OrdinaryShareClass1 2023-12-31 13096028 c:OrdinaryShareClass1 2022-12-31 13096028 c:FRS102 2023-01-01 2023-12-31 13096028 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13096028 c:FullAccounts 2023-01-01 2023-12-31 13096028 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13096028 d:WithinOneYear 2023-12-31 13096028 d:WithinOneYear 2022-12-31 13096028 7 2023-01-01 2023-12-31 13096028 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 13096028









REBEL INFRASTRUCTURE ASSETS & OPERATIONS UK LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
REBEL INFRASTRUCTURE ASSETS & OPERATIONS UK LTD
REGISTERED NUMBER: 13096028

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
475
-

Current assets
  

Stocks
  
59,492
31,463

Debtors: amounts falling due within one year
 5 
119,093
54,723

Cash at bank and in hand
  
9,535
-

  
188,120
86,186

Creditors: amounts falling due within one year
 6 
(367,929)
(57,548)

Net current (liabilities)/assets
  
 
 
(179,809)
 
 
28,638

Total assets less current liabilities
  
(179,334)
28,638

Creditors: amounts falling due after more than one year
 7 
-
(157,923)

  

Net liabilities
  
(179,334)
(129,285)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(179,434)
(129,385)

  
(179,334)
(129,285)


Page 1

 
REBEL INFRASTRUCTURE ASSETS & OPERATIONS UK LTD
REGISTERED NUMBER: 13096028

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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: 




K Oostermeyer
Director

Date: 24 May 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
REBEL INFRASTRUCTURE ASSETS & OPERATIONS UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Rebel Infrastructure Assets & Operations UK Ltd is a private Company limited by guarantee incorporated in England and Wales within the United Kingdom. The address of the registered office is 15-19 Bloomsbury Way, Holborn, London, WC1A 2BA, England. This Company is part of a small group.

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

Going concern

The directors have considered a period of 12 months from the balance sheet date and believe that the accounts are correct to be prepared on a going concern basis and they have received assurances from the parent company confirming their continued financial support. The financial statements do not contain any adjustments that would be required if the Company were not able to continue as a going concern

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
REBEL INFRASTRUCTURE ASSETS & OPERATIONS UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
REBEL INFRASTRUCTURE ASSETS & OPERATIONS UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.8

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 the Statement of Income and Retained Earnings.

 
2.9

Debtors

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

 
2.10

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.

 
2.11

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.

 
2.12

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

Page 5

 
REBEL INFRASTRUCTURE ASSETS & OPERATIONS UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 1


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
481



At 31 December 2023

481



Depreciation


Charge for the year on owned assets
6



At 31 December 2023

6



Net book value



At 31 December 2023
475



At 31 December 2022
-

Page 6

 
REBEL INFRASTRUCTURE ASSETS & OPERATIONS UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
57,014
48,963

Amounts owed by group undertakings
50,081
-

Other debtors
5,760
5,760

Prepayments and accrued income
3,200
-

Deferred taxation
3,038
-

119,093
54,723



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,128
9,168

Amounts owed to group undertakings
264,379
-

Taxation and social security
12,665
9,399

Other creditors
73,157
38,981

Accruals and deferred income
11,600
-

367,929
57,548



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
-
157,922

Other creditors
-
1

-
157,923


Page 7

 
REBEL INFRASTRUCTURE ASSETS & OPERATIONS UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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



9.


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 £12,625 (2022 - £Nil). Contributions totalling £12,625 (2022 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


10.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
2,400
-

2,400
-


11.


Related party transactions

During the year, the Company traded with Rebel Payments, Mobility & Insights, Inc, a fellow group company. As at the year end, the balance owed to the Company was £41,885 (2022 - £Nil). 
During the year, the Company traded with Rebel Economics & Policy BV, a fellow group company. As at the year end, the balance owed to the Company was £8,196 (2022 - £Nil). 
During the year, the Company traded with Rebel Group BV, a fellow group company. As at the year end, the balance owed by the Company was £2,000 (2022 - £Nil). 
During the year, the Company traded with Rebel Infrastructure Assets & Operations BV, the parent company. As at the year end, the balance owed by the Company was £262,379 (2022 - £157,923) and the balance owed to the Company was £Nil (2022 - £3,627). 


12.


Controlling party

The immediate parent company is Rebel Infrastructure Assets & Operations BV, incorporated in The Netherlands. The registered office address is Wijnhaven 23, 3011 WH Rotterdam, The Netherlands. 
There is no ultimate controlling party. 


Page 8