Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312024-05-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true22023-01-01falseNo description of principal activity2truefalse 13497855 2023-01-01 2023-12-31 13497855 2021-07-07 2022-12-31 13497855 2023-12-31 13497855 2022-12-31 13497855 c:Director1 2023-01-01 2023-12-31 13497855 d:PlantMachinery 2023-01-01 2023-12-31 13497855 d:PlantMachinery 2023-12-31 13497855 d:PlantMachinery 2022-12-31 13497855 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13497855 d:CurrentFinancialInstruments 2023-12-31 13497855 d:CurrentFinancialInstruments 2022-12-31 13497855 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13497855 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13497855 d:ShareCapital 2023-12-31 13497855 d:ShareCapital 2022-12-31 13497855 d:OtherMiscellaneousReserve 2023-12-31 13497855 d:OtherMiscellaneousReserve 2022-12-31 13497855 d:RetainedEarningsAccumulatedLosses 2023-12-31 13497855 d:RetainedEarningsAccumulatedLosses 2022-12-31 13497855 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13497855 c:OrdinaryShareClass1 2023-12-31 13497855 c:OrdinaryShareClass1 2022-12-31 13497855 c:FRS102 2023-01-01 2023-12-31 13497855 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13497855 c:FullAccounts 2023-01-01 2023-12-31 13497855 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13497855 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13497855









REBEL PMI UK LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
REBEL PMI UK LTD
REGISTERED NUMBER: 13497855

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
408
489

Current assets
  

Stocks
  
213,656
62,634

Debtors: amounts falling due within one year
 5 
336,860
157,414

Cash at bank and in hand
  
52,972
341,194

  
603,488
561,242

Creditors: amounts falling due within one year
 6 
(356,008)
(243,956)

Net current assets
  
 
 
247,480
 
 
317,286

Total assets less current liabilities
  
247,888
317,775

  

Net assets
  
247,888
317,775


Capital and reserves
  

Called up share capital 
 7 
100
100

Other reserves
  
45,112
45,112

Profit and loss account
  
202,676
272,563

  
247,888
317,775


Page 1

 
REBEL PMI UK LTD
REGISTERED NUMBER: 13497855

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 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 on 28 May 2024.




M C Hudson
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
REBEL PMI UK LTD
 

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

1.


General information

Rebel PMI UK Ltd is a private company limited by shares, incorporated in England and Wales. The address of the registered office is 24 Old Bond Street, London, W1S 4AP. This company is part of a small group. 
The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.
These financial statements are prepared for the year 1 January 2023 to 31 December 2023. Therefore they are not directly comparable with the previous extended period of 18 months, which ran from 7 July 2021 to 31 December 2022.

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. 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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
REBEL PMI 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

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 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.

 
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.

Page 4

 
REBEL PMI UK LTD
 

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

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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:

Plant and machinery
-
15%

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

Stocks

Work in progress and finished goods include labour and attributable overheads.



 
2.8

Debtors

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

 
2.9

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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. 

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




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

Page 5

 
REBEL PMI UK LTD
 

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

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2023
539



At 31 December 2023

539



Depreciation


At 1 January 2023
50


Charge for the year on owned assets
81



At 31 December 2023

131



Net book value



At 31 December 2023
408



At 31 December 2022
489


5.


Debtors

2023
2022
£
£


Trade debtors
151,558
155,328

Amounts owed by group undertakings
101,864
-

Other debtors
83,438
2,086

336,860
157,414


Page 6

 
REBEL PMI UK LTD
 

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

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,848
3,952

Amounts owed to group undertakings
257,969
64,220

Corporation tax
51,451
63,623

Other taxation and social security
-
44,873

Other creditors
36,498
60,063

Accruals and deferred income
4,242
7,225

356,008
243,956



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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



8.


Related party transactions

During the year, the Company traded with Rebel Payments, Mobility & Insights NL BV, the immediate parent company. As at the year end, the balance owed by the Company was £13,647 (2022 - £Nil). 
During the year, the Company traded with Rebel Payments, Mobility & Insights Canada, Inc., a fellow group company. As at the year end, the balance owed to the Company was £5,936 (2022 - £Nil). 
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 £95,928 (2022 - £Nil). 
During the year, the Company traded with RPMI NL, a fellow group company. As at the year end, the balance owed by the Company was £237,453 (2022 - £64,220). 
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 £6,869 (2022 - £Nil). 


9.


Controlling party

The immediate parent company is Rebel Payments, Mobility & Insights NL BV, incorporated in The Netherlands. The registered office address is Wijnhaven 23, 3011 WH Rotterdam, The Netherlands. 
There is no ultimate controlling party. 


Page 7