Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29No description of principal activity2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2false2023-03-01falsetrue 13184987 2023-03-01 2024-02-29 13184987 2022-03-01 2023-02-28 13184987 2024-02-29 13184987 2023-02-28 13184987 c:Director4 2023-03-01 2024-02-29 13184987 d:CurrentFinancialInstruments 2024-02-29 13184987 d:CurrentFinancialInstruments 2023-02-28 13184987 d:Non-currentFinancialInstruments 2024-02-29 13184987 d:Non-currentFinancialInstruments 2023-02-28 13184987 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13184987 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13184987 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 13184987 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13184987 d:ShareCapital 2024-02-29 13184987 d:ShareCapital 2023-02-28 13184987 d:RetainedEarningsAccumulatedLosses 2024-02-29 13184987 d:RetainedEarningsAccumulatedLosses 2023-02-28 13184987 c:OrdinaryShareClass1 2023-03-01 2024-02-29 13184987 c:OrdinaryShareClass1 2024-02-29 13184987 c:OrdinaryShareClass2 2023-03-01 2024-02-29 13184987 c:OrdinaryShareClass2 2024-02-29 13184987 c:FRS102 2023-03-01 2024-02-29 13184987 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13184987 c:FullAccounts 2023-03-01 2024-02-29 13184987 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13184987 2 2023-03-01 2024-02-29 13184987 6 2023-03-01 2024-02-29 13184987 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13184987









RAPUNZEL NEWCO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
RAPUNZEL NEWCO LIMITED
REGISTERED NUMBER:13184987

BALANCE SHEET
AS AT 29 FEBRUARY 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
7,549,354
10,468,437

  
7,549,354
10,468,437

Current assets
  

Cash at bank and in hand
  
24,789
47,371

  
24,789
47,371

Creditors: amounts falling due within one year
 5 
(6,288)
(22,783)

Net current assets
  
 
 
18,501
 
 
24,588

Total assets less current liabilities
  
7,567,855
10,493,025

Creditors: amounts falling due after more than one year
 6 
(247,843)
(247,843)

  

Net assets
  
7,320,012
10,245,182


Capital and reserves
  

Called up share capital 
 7 
39,659,272
39,659,272

Profit and loss account
  
(32,339,260)
(29,414,090)

Shareholders' funds
  
7,320,012
10,245,182


Page 1

 
RAPUNZEL NEWCO LIMITED
REGISTERED NUMBER:13184987
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 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 and delivered 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 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: 





T M Hope
Director

Date: 25 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
RAPUNZEL NEWCO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Rapunzel NewCo Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 13184987). The registered office address is 80 Cheapside, London, EC2V 6EE.
The Company's functional and presentational currency is GBP.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

 
2.3

Interest income

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

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Valuation of investments

Investments in associates are initially measured at cost, and subsequently remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 3

 
RAPUNZEL NEWCO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

 
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.

 
2.8

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
RAPUNZEL NEWCO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Fixed asset investments








Investments in Associates

£



Valuation


At 1 March 2023 (as previously stated)
39,857,110


Prior Year Adjustment (note 8)

(29,388,673)


At 1 March 2023 (as restated)
10,468,437


Revaluations
(2,919,083)



At 29 February 2024
7,549,354





5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
17,399

Accruals and deferred income
6,288
5,384

6,288
22,783



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Loan Notes
247,843
247,843


Loan Notes totalling £8,333,770 were issued and partially repaid in the year ended 2022.
Loan Notes are due to be repaid on the day after the eighth anniversary of issuance. 
The Company can provide the Note holders not less than one business day to repay the whole or part of the Loan Notes at any time after the issuance, provided such payment is made from the Company’s excess cash resources.

Page 5

 
RAPUNZEL NEWCO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



3,965,927,243 Ordinary shares of £0.01 each
39,659,272
39,659,272
2 Ordinary A shares of £0.02 each
-
-

39,659,272

39,659,272



8.


Prior year adjustment

The comparative figures on the Statement of Comprehensive Income and Balance Sheet have been restated to recognise investments in associates at fair value. The Statement of Comprehensive Income has been restated to include £16,910,552 of losses on revaluation and the Investments in Associates has decreased by the same value. Previously, investments in associates were recognised at cost less impairment.

 
Page 6