Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01Holding companyfalse22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14061551 2023-01-01 2023-12-31 14061551 2022-04-22 2022-12-31 14061551 2023-12-31 14061551 2022-12-31 14061551 c:Director1 2023-01-01 2023-12-31 14061551 d:CurrentFinancialInstruments 2023-12-31 14061551 d:CurrentFinancialInstruments 2022-12-31 14061551 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14061551 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 14061551 d:ShareCapital 2023-12-31 14061551 d:ShareCapital 2022-12-31 14061551 d:RetainedEarningsAccumulatedLosses 2023-12-31 14061551 d:RetainedEarningsAccumulatedLosses 2022-12-31 14061551 c:FRS102 2023-01-01 2023-12-31 14061551 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 14061551 c:FullAccounts 2023-01-01 2023-12-31 14061551 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 14061551 d:Subsidiary1 2023-01-01 2023-12-31 14061551 d:Subsidiary1 1 2023-01-01 2023-12-31 14061551 d:Subsidiary3 2023-01-01 2023-12-31 14061551 d:Subsidiary3 1 2023-01-01 2023-12-31 14061551 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14061551










RQ HOLDINGS (UK) LTD.








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
RQ HOLDINGS (UK) LTD.
REGISTERED NUMBER: 14061551

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
200
200

  
200
200

Current assets
  

Debtors: amounts falling due within one year
 5 
100
100

  
100
100

Creditors: amounts falling due within one year
 6 
(1,200)
(200)

Net current liabilities
  
 
 
(1,100)
 
 
(100)

Total assets less current liabilities
  
(900)
100

  

Net (liabilities)/assets
  
(900)
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,000)
-

  
(900)
100


Page 1

 
RQ HOLDINGS (UK) LTD.
REGISTERED NUMBER: 14061551
    
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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 




Michael Kim
Director

Date: 24 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
RQ HOLDINGS (UK) LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

RQ Holdings (UK) Ltd. is a private company, limited by shares, incorporated in England and Wales, registration number 14061551. The address of the registered office is Tower 42, 25 Old Broad Street, London, EC2N 1HQ.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has net current liabilities of £1,100 (2022: £100) and net liabilities of £900 (2022: £100 (net assets)) at the balance sheet date.
The Directors have indicated their willingness and ability to support the company for at least 12 months from the date of approval of the financial statements. Therefore, the financial statements have been prepared on a going concern basis.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.4

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.

 
2.5

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 3

 
RQ HOLDINGS (UK) LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
2
2


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
200



At 31 December 2023
200





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

RQH Services (UK) LTD.
Tower 42
25 Old Broad Street
London
EC2N 1HQ
Ordinary
100%
Kobre & Kim Business Advisors (UK) Ltd
Tower 42
25 Old Broad Street
London
EC2N 1HQ
Ordinary
 100%


5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
100
100

100
100


Page 4

 
RQ HOLDINGS (UK) LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
200
200

Other creditors
500
-

Accruals and deferred income
500
-

1,200
200



7.


Ultimate parent undertaking and controlling party

The company is a wholly owned subsidiary of  Red Queen (US) LLC, the ultimate parent undertaking.
There is no ultimate controlling party.

 
Page 5