Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseMarketing and promotion of information technology services for and on behalf of the parent company.53falsetruefalse 11331505 2023-01-01 2023-12-31 11331505 2022-01-01 2022-12-31 11331505 2023-12-31 11331505 2022-12-31 11331505 c:Director4 2023-01-01 2023-12-31 11331505 d:CurrentFinancialInstruments 2023-12-31 11331505 d:CurrentFinancialInstruments 2022-12-31 11331505 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11331505 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11331505 d:ShareCapital 2023-12-31 11331505 d:ShareCapital 2022-12-31 11331505 d:RetainedEarningsAccumulatedLosses 2023-12-31 11331505 d:RetainedEarningsAccumulatedLosses 2022-12-31 11331505 c:FRS102 2023-01-01 2023-12-31 11331505 c:Audited 2023-01-01 2023-12-31 11331505 c:FullAccounts 2023-01-01 2023-12-31 11331505 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11331505 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11331505 2 2023-01-01 2023-12-31 11331505 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11331505









POWERPLAN OPERATIONS UK LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
POWERPLAN OPERATIONS UK LTD
REGISTERED NUMBER: 11331505

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
20,152
36,687

Cash at bank and in hand
 5 
129,778
99,922

  
149,930
136,609

Creditors: amounts falling due within one year
 6 
(43,401)
(49,458)

Net current assets
  
 
 
106,529
 
 
87,151

Total assets less current liabilities
  
106,529
87,151

  

Net assets
  
106,529
87,151


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
105,529
86,151

  
106,529
87,151


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: 




................................................
K S Janflone
Director

Date: 23 September 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
POWERPLAN OPERATIONS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Powerplan Operations UK Limited (the Company) is a company incorporated in the United Kingdom under the Companies Act. The Company is a private company limited by shares and is registered in England and Wales. The registered office is Suite 2 First Floor, 10 Temple Back, Bristol, BS1 6FL.
The principal activity of the Company in the year under review was that of the marketing and promotion of information technology services for and on behalf of the parent 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.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company has obtained a letter of support from Powerplan Inc., its immediate parent company. The directors of Powerplan Inc. have provided a commitment to provide any financial support which may be necessary in order that the Company can meet its liabilities, as they fall due and for the foreseeable future. 
As a result of the above the directors of the Company have continued to adopt the going concern basis in preparing these financial statements.

Page 2

 
POWERPLAN OPERATIONS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP. Balances are rounded to the nearest whole 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'.

 
2.4

Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The Company has an agreement in place with its ultimate parent, Powerplan Inc., to provide services within specific contracted regions. The Company is remunerated by its parent for these services. The total turnover of the Company for the year has been derived from its principal activity undertaken in the UK. Intercompany revenue is based on a service agreement with its parent. Turnover is recognised at 100% of costs, plus 7% mark up on revenues generated by the sales team on behalf of the parent company.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
POWERPLAN OPERATIONS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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 profit or loss 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.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

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.

 
2.8

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.

 
2.9

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.

Page 4

 
POWERPLAN OPERATIONS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

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 year was 5 (2022 - 3).


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
19,818
35,941

Other debtors
100
-

Deferred taxation
234
746

20,152
36,687



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
129,778
99,922



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
4,850
3,388

Other taxation and social security
9,756
12,992

Other creditors
4,767
2,202

Accruals and deferred income
24,028
30,876

43,401
49,458


Page 5

 
POWERPLAN OPERATIONS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


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 £9,482 (2022 - £5,320). Contributions totalling £2,694 (2022 - £2,560) were payable to the fund at the balance sheet date and are included in creditors.


8.


Controlling party

Powerplan Inc. (incorporated in the United States of America) is regarded by the directors as being the Company's immediate parent company.
Roper Technologies Inc. (incorporated in the United States of America) is regarded as being the Company's ultimate parent company.
The smallest and largest group in which the results of the Company are consoldiated is that by Roper Technologies Inc., whose principal place of business is 6496 University Parkway, Sarasota, Florida 30240.


9.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 23 September 2024 by Anthony Campbell (Senior Statutory Auditor) on behalf of Nortons Assurance Limited.

 
Page 6