Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-3122023-02-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06797616 2023-02-01 2024-01-31 06797616 2022-02-01 2023-01-31 06797616 2024-01-31 06797616 2023-01-31 06797616 2022-02-01 06797616 c:Director1 2023-02-01 2024-01-31 06797616 d:OfficeEquipment 2023-02-01 2024-01-31 06797616 d:OfficeEquipment 2024-01-31 06797616 d:OfficeEquipment 2023-01-31 06797616 d:ComputerEquipment 2023-02-01 2024-01-31 06797616 d:OtherPropertyPlantEquipment 2024-01-31 06797616 d:OtherPropertyPlantEquipment 2023-01-31 06797616 d:CurrentFinancialInstruments 2024-01-31 06797616 d:CurrentFinancialInstruments 2023-01-31 06797616 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 06797616 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 06797616 d:ShareCapital 2023-02-01 2024-01-31 06797616 d:ShareCapital 2024-01-31 06797616 d:ShareCapital 2022-02-01 2023-01-31 06797616 d:ShareCapital 2023-01-31 06797616 d:ShareCapital 2022-02-01 06797616 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 06797616 d:RetainedEarningsAccumulatedLosses 2024-01-31 06797616 d:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 06797616 d:RetainedEarningsAccumulatedLosses 2023-01-31 06797616 d:RetainedEarningsAccumulatedLosses 2022-02-01 06797616 c:FRS102 2023-02-01 2024-01-31 06797616 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06797616 c:FullAccounts 2023-02-01 2024-01-31 06797616 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06797616 2 2023-02-01 2024-01-31 06797616 6 2023-02-01 2024-01-31 06797616 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Registered number: 06797616








 
OWL REGULATORY CONSULTING LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JANUARY 2024







Fletcher & Partners
Chartered Accountants
Salisbury

 
OWL REGULATORY CONSULTING LIMITED
REGISTERED NUMBER: 06797616

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
900
900

  
900
900

Current assets
  

Debtors: amounts falling due within one year
 6 
3,122
3,844

Cash at bank and in hand
 7 
4,478
5,660

  
7,600
9,504

Creditors: amounts falling due within one year
 8 
(13,397)
(14,931)

Net current liabilities
  
 
 
(5,797)
 
 
(5,427)

Total assets less current liabilities
  
(4,897)
(4,527)

  

Net liabilities
  
(4,897)
(4,527)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(4,997)
(4,627)

  
(4,897)
(4,527)


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 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: 



Oliver Lodge
Director

Date: 25 October 2024

The notes on pages 4 to 7 form part of these financial statements.
Page 1

 
OWL REGULATORY CONSULTING LIMITED
REGISTERED NUMBER: 06797616

BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024


Page 2

 
OWL REGULATORY CONSULTING LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 February 2022
100
19,837
19,937


Comprehensive income for the year

Loss for the year

-
(9,539)
(9,539)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(9,539)
(9,539)


Contributions by and distributions to owners

Dividends: Equity capital
-
(14,925)
(14,925)


Total transactions with owners
-
(14,925)
(14,925)



At 1 February 2023
100
(4,627)
(4,527)


Comprehensive income for the year

Profit for the year

-
8,585
8,585


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
8,585
8,585


Contributions by and distributions to owners

Dividends: Equity capital
-
(8,955)
(8,955)


Total transactions with owners
-
(8,955)
(8,955)


At 31 January 2024
100
(4,997)
(4,897)


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
OWL REGULATORY CONSULTING LIMITED
 

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

1.


General information

OWL Regulatory Consulting Limited is a private company limited by shares, incorporated in England and Wales with the registered number 06797616. Its registered office is 2 Nimrod Road, London, SW16 6SY.

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

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.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

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
-
25%
Straight line basis
Computer equipment
-
25%
Straight line basis

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.

Page 4

 
OWL REGULATORY CONSULTING LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

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.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
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.

 
2.9

Interest income

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

 
2.10

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 5

 
OWL REGULATORY CONSULTING LIMITED
 

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

3.


Employees

2024
2023
£
£

Wages and salaries
1
11,735

1
11,735


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


4.


Tangible fixed assets





Office equipment
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 February 2023
247
2,896
3,143



At 31 January 2024

247
2,896
3,143



Depreciation


At 1 February 2023
247
2,896
3,143



At 31 January 2024

247
2,896
3,143



Net book value



At 31 January 2024
-
-
-



At 31 January 2023
-
-
-


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2023
900



At 31 January 2024
900




This represents a 90% (2023 90%) holding in FS Expert Group Limited.

Page 6

 
OWL REGULATORY CONSULTING LIMITED
 

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

6.


Debtors

2024
2023
£
£


Other debtors
2,983
3,717

Prepayments and accrued income
139
127

3,122
3,844



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,478
5,660

4,478
5,660



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
144

Other creditors
8,361
9,767

Accruals and deferred income
5,036
5,020

13,397
14,931



Page 7