Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31holding companytrue2023-01-011false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12801153 2023-01-01 2023-12-31 12801153 2022-01-01 2022-12-31 12801153 2023-12-31 12801153 2022-12-31 12801153 c:Director1 2023-01-01 2023-12-31 12801153 c:RegisteredOffice 2023-01-01 2023-12-31 12801153 d:CurrentFinancialInstruments 2023-12-31 12801153 d:CurrentFinancialInstruments 2022-12-31 12801153 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12801153 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12801153 d:ShareCapital 2023-12-31 12801153 d:ShareCapital 2022-12-31 12801153 d:RetainedEarningsAccumulatedLosses 2023-12-31 12801153 d:RetainedEarningsAccumulatedLosses 2022-12-31 12801153 c:FRS102 2023-01-01 2023-12-31 12801153 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12801153 c:FullAccounts 2023-01-01 2023-12-31 12801153 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12801153 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 12801153














RIDIC LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
RIDIC LTD
 
 
COMPANY INFORMATION


Director
O J Stevens 




Registered number
12801153



Registered office
Flat 111 Royle Building 31 Wenlock Road

London

N1 7SH




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
RIDIC LTD
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 3


 
RIDIC LTD
REGISTERED NUMBER:12801153

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
8,500
8,600

Cash at bank and in hand
  
11
1,800

Current liabilities
  
8,511
10,400

Creditors: amounts falling due within one year
 6 
(9,435)
(10,765)

Net current liabilities
  
 
 
(924)
 
 
(365)

Net liabilities
  
(924)
(365)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,024)
(465)

  
(924)
(365)


The director considers 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 director acknowledges his 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: 




O J Stevens
Director

Date: 26 September 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

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

1.


General information

Ridic Limited is a private company limited by shares incorporated in England and Wales. The registered office is Flat 111, Royle Building, 31 Wenlock Road, London, N1 7SH. 
The principal activity of the company continued to be that of a holding company.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

At the time of approving the financial statements, the directors have a reasonable expectation that the company will have the continued support from the company’s directors and has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

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.

 
2.4

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.

 
2.5

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 2

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

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
 


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


5.


Debtors

2023
2022
£
£


Other debtors
8,500
8,600

8,500
8,600



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1,230

Other creditors
8,415
8,515

Accruals and deferred income
1,020
1,020

9,435
10,765



7.


Related party transactions

Included within other creditors is an amount of £8,415 (2022: £8,515) owed to the director. This
amount is interest free and repayable on demand.

 
Page 3