Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2022-07-01No description of principal activitytruefalsefalse00The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12679015 2022-07-01 2023-12-31 12679015 2021-07-01 2022-06-30 12679015 2023-12-31 12679015 2022-06-30 12679015 c:Director1 2022-07-01 2023-12-31 12679015 d:OfficeEquipment 2022-07-01 2023-12-31 12679015 d:OfficeEquipment 2023-12-31 12679015 d:OfficeEquipment 2022-06-30 12679015 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-12-31 12679015 d:CurrentFinancialInstruments 2023-12-31 12679015 d:CurrentFinancialInstruments 2022-06-30 12679015 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12679015 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12679015 d:RetainedEarningsAccumulatedLosses 2023-12-31 12679015 d:RetainedEarningsAccumulatedLosses 2022-06-30 12679015 c:FRS102 2022-07-01 2023-12-31 12679015 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-12-31 12679015 c:FullAccounts 2022-07-01 2023-12-31 12679015 c:CompanyLimitedByGuarantee 2022-07-01 2023-12-31 12679015 e:PoundSterling 2022-07-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12679015










RAREQOL LIMITED
(A company limited by guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
RAREQOL LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 12679015

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
30 June
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,941
3,920

  
2,941
3,920

Current assets
  

Cash at bank and in hand
 5 
2,420
4,774

  
2,420
4,774

Creditors: amounts falling due within one year
 6 
(21,652)
(6,456)

Net current liabilities
  
 
 
(19,232)
 
 
(1,682)

Total assets less current liabilities
  
(16,291)
2,238

  

Net (liabilities)/assets
  
(16,291)
2,238


Capital and reserves
  

Profit and loss account
  
(16,291)
2,238

  
(16,291)
2,238


Page 1

 
RAREQOL LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 12679015
    
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 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 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: 




S P Butterworth
Director

Date: 17 September 2024

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

Page 2

 
RAREQOL LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Rareqol Limited, is a private limited company, limited by guarantee, incorporated in England and Wales, with its registered office at Unit 1, Edison Court, Ellice Way, Wrexham Technology Park, Wrexham, LL13 7YT.

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 accounts have been prepared on a going concern basis on the understanding that the director 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:

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 profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
RAREQOL LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss 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 income 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.

 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

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 profit or loss.

 
2.7

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.

 
2.8

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 period was 0 (2022 - 0).

Page 4

 
RAREQOL LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 July 2022
5,224



At 31 December 2023

5,224



Depreciation


At 1 July 2022
1,304


Charge for the period on owned assets
979



At 31 December 2023

2,283



Net book value



At 31 December 2023
2,941



At 30 June 2022
3,920

Page 5

 
RAREQOL LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Cash and cash equivalents

31 December
30 June
2023
2022
£
£

Cash at bank and in hand
2,420
4,774

2,420
4,774



6.


Creditors: Amounts falling due within one year

31 December
30 June
2023
2022
£
£

Other creditors
20,242
5,296

Accruals and deferred income
1,410
1,160

21,652
6,456




7.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. 

 
Page 6