Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truetruetrue2023-01-01trueHolding company34truefalse 09133434 2023-01-01 2023-12-31 09133434 2022-01-01 2022-12-31 09133434 2023-12-31 09133434 2022-12-31 09133434 2022-01-01 09133434 c:Director3 2023-01-01 2023-12-31 09133434 d:CurrentFinancialInstruments 2023-12-31 09133434 d:CurrentFinancialInstruments 2022-12-31 09133434 d:Non-currentFinancialInstruments 2023-12-31 09133434 d:Non-currentFinancialInstruments 2022-12-31 09133434 d:Non-currentFinancialInstruments 1 2023-12-31 09133434 d:Non-currentFinancialInstruments 1 2022-12-31 09133434 d:Non-currentFinancialInstruments 2 2023-12-31 09133434 d:Non-currentFinancialInstruments 2 2022-12-31 09133434 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09133434 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09133434 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09133434 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09133434 d:ShareCapital 2023-12-31 09133434 d:ShareCapital 2022-01-01 2022-12-31 09133434 d:ShareCapital 2022-12-31 09133434 d:ShareCapital 2022-01-01 09133434 d:SharePremium 2023-12-31 09133434 d:SharePremium 2022-01-01 2022-12-31 09133434 d:SharePremium 2022-12-31 09133434 d:SharePremium 2022-01-01 09133434 d:MergerReserve 2023-12-31 09133434 d:MergerReserve 2022-12-31 09133434 d:MergerReserve 2022-01-01 09133434 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09133434 d:RetainedEarningsAccumulatedLosses 2023-12-31 09133434 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 09133434 d:RetainedEarningsAccumulatedLosses 2022-12-31 09133434 d:RetainedEarningsAccumulatedLosses 2022-01-01 09133434 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09133434 c:OrdinaryShareClass1 2023-12-31 09133434 c:OrdinaryShareClass1 2022-12-31 09133434 c:OrdinaryShareClass2 2023-01-01 2023-12-31 09133434 c:OrdinaryShareClass2 2023-12-31 09133434 c:OrdinaryShareClass2 2022-12-31 09133434 c:OrdinaryShareClass3 2023-01-01 2023-12-31 09133434 c:OrdinaryShareClass3 2023-12-31 09133434 c:OrdinaryShareClass3 2022-12-31 09133434 c:OrdinaryShareClass4 2023-01-01 2023-12-31 09133434 c:OrdinaryShareClass4 2023-12-31 09133434 c:OrdinaryShareClass4 2022-12-31 09133434 c:PreferenceShareClass1 2023-01-01 2023-12-31 09133434 c:PreferenceShareClass1 2023-12-31 09133434 c:PreferenceShareClass1 2022-12-31 09133434 c:EntityHasNeverTraded 2023-01-01 2023-12-31 09133434 c:FRS102 2023-01-01 2023-12-31 09133434 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09133434 c:FullAccounts 2023-01-01 2023-12-31 09133434 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09133434 4 2023-01-01 2023-12-31 09133434 6 2023-01-01 2023-12-31 09133434 f:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09133434









SPRINGBOARD RESEARCH HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
SPRINGBOARD RESEARCH HOLDINGS LIMITED
REGISTERED NUMBER: 09133434

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 3 
5,789,753
5,789,753

  
5,789,753
5,789,753

Creditors: amounts falling due within one year
 4 
(2,951,264)
(2,951,264)

Net current liabilities
  
 
 
(2,951,264)
 
 
(2,951,264)

Total assets less current liabilities
  
2,838,489
2,838,489

Creditors: amounts falling due after more than one year
 5 
(1,478,400)
(1,478,400)

  

Net assets
  
1,360,089
1,360,089


Capital and reserves
  

Called up share capital 
  
13,004
13,004

Share premium account
  
747,179
747,179

Merger reserve
  
2,694,358
2,694,358

Profit and loss account
  
(2,094,452)
(2,094,452)

  
1,360,089
1,360,089


Page 1

 
SPRINGBOARD RESEARCH HOLDINGS LIMITED
REGISTERED NUMBER: 09133434
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

For the year ended 31 December 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 comprehensive income 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: 




R Telerman
Director

Date: 23 September 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
SPRINGBOARD RESEARCH HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Share premium account
Merger reserve
Profit and loss account
Total equity

£
£
£
£
£


At 1 January 2022
12,157
424,179
2,694,358
(82,725)
3,047,969



Loss for the year
-
-
-
(2,011,727)
(2,011,727)

Shares issued during the year
847
323,000
-
-
323,847



At 1 January 2023
13,004
747,179
2,694,358
(2,094,452)
1,360,089

Profit for the year
-
-
-
-
-


At 31 December 2023
13,004
747,179
2,694,358
(2,094,452)
1,360,089


Page 3

 
SPRINGBOARD RESEARCH HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Springboard Research Holdings Limited is a private company limited by share capital and incorporated in England and Wales. The address of the registered office is 9 King Street, London, EC2V 8EA. The principal activity of the company is that of an intermediate holding company.

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.

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).

This information is included in the consolidated financial statements of MRI Software Limited as at 31 December 2023 and these financial statements may be obtained from Companies House, Crown Way, Cardiff, CF13 3UZ.

 
2.3

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.4

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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.

Page 4

 
SPRINGBOARD RESEARCH HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

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

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
SPRINGBOARD RESEARCH HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
5,789,753



At 31 December 2023
5,789,753





4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
2,951,264
2,951,264

2,951,264
2,951,264



5.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Share capital treated as debt
14,784
14,784

Share premium treated as debt
1,463,616
1,463,616

1,478,400
1,478,400



6.


Share capital

2023
2022
£
£
Shares classified as equity

Allotted, called up and fully paid



329,448 (2022 - 329,400) Ordinary shares of £0.01 each
3,294
3,294
429,732 (2022 - 429,700) A Ordinary shares of £0.01 each
4,297
4,297
508,929 (2022 - 508,900) B Ordinary shares of £0.01 each
5,089
5,089
32,400 (2022 - 32,400) EIS shares shares of £0.01 each
324
324

13,004

13,004
Page 6

 
SPRINGBOARD RESEARCH HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.Share capital (continued)


2023
2022
£
£
Shares classified as debt

Allotted, called up and fully paid



1,478,400 (2022 - 1,478,400) Investor preference  shares of £0.01 each
14,784
14,784


Page 7