Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activity910falsefalse 13051620 2023-01-01 2023-12-31 13051620 2022-01-01 2022-12-31 13051620 2023-12-31 13051620 2022-12-31 13051620 c:Director2 2023-01-01 2023-12-31 13051620 d:OfficeEquipment 2023-01-01 2023-12-31 13051620 d:OfficeEquipment 2023-12-31 13051620 d:OfficeEquipment 2022-12-31 13051620 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13051620 d:ComputerEquipment 2023-01-01 2023-12-31 13051620 d:ComputerEquipment 2023-12-31 13051620 d:ComputerEquipment 2022-12-31 13051620 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13051620 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 13051620 d:OtherPropertyPlantEquipment 2023-12-31 13051620 d:OtherPropertyPlantEquipment 2022-12-31 13051620 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13051620 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13051620 d:CurrentFinancialInstruments 2023-12-31 13051620 d:CurrentFinancialInstruments 2022-12-31 13051620 d:Non-currentFinancialInstruments 2023-12-31 13051620 d:Non-currentFinancialInstruments 2022-12-31 13051620 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13051620 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13051620 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13051620 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 13051620 d:ShareCapital 2023-12-31 13051620 d:ShareCapital 2022-12-31 13051620 d:RetainedEarningsAccumulatedLosses 2023-12-31 13051620 d:RetainedEarningsAccumulatedLosses 2022-12-31 13051620 c:FRS102 2023-01-01 2023-12-31 13051620 c:Audited 2023-01-01 2023-12-31 13051620 c:FullAccounts 2023-01-01 2023-12-31 13051620 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13051620 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13051620 6 2023-01-01 2023-12-31 13051620 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13051620









THERME RPC LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
THERME RPC LIMITED
REGISTERED NUMBER: 13051620

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,114
7,981

Investments
 5 
100
100

  
19,214
8,081

Current assets
  

Stocks
  
15,370
285,896

Debtors: amounts falling due within one year
 6 
1,450,635
1,823,055

Cash at bank and in hand
 7 
172,164
217,282

  
1,638,169
2,326,233

Creditors: amounts falling due within one year
 8 
(691,220)
(157,836)

Net current assets
  
 
 
946,949
 
 
2,168,397

Total assets less current liabilities
  
966,163
2,176,478

Creditors: amounts falling due after more than one year
 9 
(1,071,387)
(2,286,003)

  

Net liabilities
  
(105,224)
(109,525)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(105,324)
(109,625)

  
(105,224)
(109,525)


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 income and retained earnings 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 25 September 2024.



T A Ion
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 1

 
THERME RPC LIMITED
REGISTERED NUMBER: 13051620
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Page 2

 
THERME RPC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Therme RPC 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 address of the Company's registered office is Tithe BarnChurch RoadThameOxfordshireOX9 3AJ.

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

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 Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
THERME RPC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

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.

 
2.6

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 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.

Page 4

 
THERME RPC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

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:

Office equipment
-
4 years straight line
Computer equipment
-
3 years straight line
Other fixed assets
-
4 years straight line

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.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Stocks

 Work in progress includes labour and attributable overheads.


 
2.10

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.

 
2.11

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.

 
2.12

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 5

 
THERME RPC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 10).


4.


Tangible fixed assets





Office equipment
Computer equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 January 2023
847
11,647
-
12,494


Additions
18,034
-
950
18,984



At 31 December 2023

18,881
11,647
950
31,478



Depreciation


At 1 January 2023
176
4,337
-
4,513


Charge for the year on owned assets
3,969
3,882
-
7,851



At 31 December 2023

4,145
8,219
-
12,364



Net book value



At 31 December 2023
14,736
3,428
950
19,114



At 31 December 2022
671
7,310
-
7,981


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
100



At 31 December 2023
100




Page 6

 
THERME RPC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
521,158
170,167

Amounts owed by group undertakings
899,473
1,507,094

Other debtors
10
33,618

Prepayments and accrued income
29,994
112,176

1,450,635
1,823,055



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
172,164
217,282



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
17,464
10,128

Amounts owed to group undertakings
619,320
115,563

Other taxation and social security
43,682
20,361

Other creditors
1,654
5,784

Accruals and deferred income
9,100
6,000

691,220
157,836



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
1,071,387
2,286,003


Page 7

 
THERME RPC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


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 £24,808 (2022 - £34,091). Contributions totalling £1,654 (2022 - £4,251) were payable to the fund at the balance sheet date and are included in other creditors falling due within one year.


11.


Related party transactions

During the year the Company was charged £1,158,015  (2022 - £1,026,887) for services provided by non-wholly owned group undertakings, of which £619,220 (2022 - £115,464) was outstanding at the balance sheet date and shown in creditors falling due within one year under amounts owed to group undertakings.
At the balance sheet date, the company owed £2,300,891 (2022 - £2,311,416) in long term loans and interest to parent undertakings on which £100,628 (2022 - £105,099) of related interest and charges was incurred during the year
During the year the Company charged £2,240,704 (2022 - £1,542,554) for services provided to non-wholly owned group undertakings and to companies whose directors or key management have significant influence over group undertakings, of which £924,438(2022 - £1,786,978) was outstanding at the balance sheet date and shown in debtors falling due within one year under amounts owed to group undertakings.


12.


Controlling party

RHTG Holding GmbH is the ultimate parent company Its registered office is Wienerbergstraße 51 / 4. OG, A-1120 Wien, Austria.
 
A-HEAT Allied Heat Exchange Technology AG is the current parent company undertaking of the smallest group within which this company belongs. Group accounts can be obtained from its registered office at Wienerbergstraße 51 / 4. OG, A-1120 Wien, Austria.
 
The immediate parent company is Therme Group RHTG. Its registered office is Wienerbergstraße 51 / 4.
OG, A-1120 Wien,
 Austria.


13.


Auditors' information

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

The audit report was signed on 26 September 2024 by Richard Rhodes (Senior statutory auditor) on behalf of Feltons Chartered Accountants.

 
Page 8