Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falsefalseNo description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09319576 2023-04-01 2024-03-31 09319576 2022-04-01 2023-03-31 09319576 2024-03-31 09319576 2023-03-31 09319576 c:Director4 2023-04-01 2024-03-31 09319576 d:CurrentFinancialInstruments 2024-03-31 09319576 d:CurrentFinancialInstruments 2023-03-31 09319576 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09319576 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09319576 d:ShareCapital 2024-03-31 09319576 d:ShareCapital 2023-03-31 09319576 d:SharePremium 2024-03-31 09319576 d:SharePremium 2023-03-31 09319576 d:CapitalRedemptionReserve 2023-04-01 2024-03-31 09319576 d:CapitalRedemptionReserve 2024-03-31 09319576 d:CapitalRedemptionReserve 2023-03-31 09319576 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09319576 d:RetainedEarningsAccumulatedLosses 2024-03-31 09319576 d:RetainedEarningsAccumulatedLosses 2023-03-31 09319576 c:OrdinaryShareClass1 2023-04-01 2024-03-31 09319576 c:OrdinaryShareClass1 2024-03-31 09319576 c:OrdinaryShareClass1 2023-03-31 09319576 c:OrdinaryShareClass2 2023-04-01 2024-03-31 09319576 c:OrdinaryShareClass2 2024-03-31 09319576 c:OrdinaryShareClass2 2023-03-31 09319576 c:OrdinaryShareClass3 2023-04-01 2024-03-31 09319576 c:OrdinaryShareClass3 2024-03-31 09319576 c:OrdinaryShareClass3 2023-03-31 09319576 c:OrdinaryShareClass4 2023-04-01 2024-03-31 09319576 c:OrdinaryShareClass4 2024-03-31 09319576 c:OrdinaryShareClass4 2023-03-31 09319576 c:FRS102 2023-04-01 2024-03-31 09319576 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09319576 c:FullAccounts 2023-04-01 2024-03-31 09319576 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09319576 6 2023-04-01 2024-03-31 09319576 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09319576










INVC MANAGEMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024



 
INVC MANAGEMENT LIMITED
REGISTERED NUMBER: 09319576

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
560,180
560,180

  
560,180
560,180

Current assets
  

Cash at bank and in hand
 5 
8,743
4,181

  
8,743
4,181

Creditors: amounts falling due within one year
 6 
(289,012)
(289,792)

Net current liabilities
  
 
 
(280,269)
 
 
(285,611)

Total assets less current liabilities
  
279,911
274,569

  

Net assets
  
279,911
274,569


Capital and reserves
  

Called up share capital 
 7 
82,452
74,766

Share premium account
 8 
2,090
-

Capital redemption reserve
 8 
-
2,090

Profit and loss account
 8 
195,369
197,713

  
279,911
274,569


Page 1

 
INVC MANAGEMENT LIMITED
REGISTERED NUMBER: 09319576

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 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 




S M T Wray
Director

Date: 15 October 2024

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

Page 2

 
INVC MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

INVC Management Limted is a private company, limited by shares and incorporated in England and Wales. The registered office is: 899 Plymouth Road, Slough, Berkshire, SL1 4LP.

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

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.

 
2.4

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.

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.7

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 3

 
INVC MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
560,180



At 31 March 2024
560,180





5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
8,743
4,181



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
864

Amounts owed to group undertakings
286,828
286,828

Accruals and deferred income
2,184
2,100

289,012
289,792


Page 4

 
INVC MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



12,576 (2023 - 20,960) Ordinary A shares of £1.00 each
12,576
20,960
25,600 (2023 - 25,600) Ordinary B shares of £1.00 each
25,600
25,600
12,480 (2023 - 12,480) Ordinary C shares of £1.00 each
12,480
12,480
31,796 (2023 - 15,726) Ordinary D shares of £1.00 each
31,796
15,726

82,452

74,766


During the year 8,384 Ordinary A shares were purchased into treasury. The shares were subsequently sold and redesignated as Ordinary D shares. 2,090 of shares held in treasury were sold in the year and redesignated as Ordinary D shares. A further 5,596 new Ordinary D shares were issued in the year.


8.


Reserves

Capital redemption reserve

Capital redemption reserve represents the purchase of the Company's own shares out of distributable profits.

Profit & loss account

Profit and loss account represents the cumulative total of profits less losses and any distributions.


9.


Controlling party

The Company is controlled by its directors.


Page 5