Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-012falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13117705 2023-02-01 2024-01-31 13117705 2022-02-01 2023-01-31 13117705 2024-01-31 13117705 2023-01-31 13117705 c:Director2 2023-02-01 2024-01-31 13117705 d:CurrentFinancialInstruments 2024-01-31 13117705 d:CurrentFinancialInstruments 2023-01-31 13117705 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13117705 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13117705 d:ShareCapital 2024-01-31 13117705 d:ShareCapital 2023-01-31 13117705 d:RetainedEarningsAccumulatedLosses 2024-01-31 13117705 d:RetainedEarningsAccumulatedLosses 2023-01-31 13117705 c:OrdinaryShareClass1 2023-02-01 2024-01-31 13117705 c:OrdinaryShareClass1 2024-01-31 13117705 c:OrdinaryShareClass1 2023-01-31 13117705 c:OrdinaryShareClass2 2023-02-01 2024-01-31 13117705 c:OrdinaryShareClass2 2024-01-31 13117705 c:OrdinaryShareClass2 2023-01-31 13117705 c:FRS102 2023-02-01 2024-01-31 13117705 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13117705 c:FullAccounts 2023-02-01 2024-01-31 13117705 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13117705 2 2023-02-01 2024-01-31 13117705 6 2023-02-01 2024-01-31 13117705 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13117705










RADWEB VENTURES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
RADWEB VENTURES LTD
REGISTERED NUMBER: 13117705

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
100,001
-

  
100,001
-

Current assets
  

Debtors: amounts falling due within one year
 5 
73,086
16,806

Cash at bank and in hand
 6 
43,840
87,551

  
116,926
104,357

Creditors: amounts falling due within one year
 7 
(167,268)
(70,436)

Net current (liabilities)/assets
  
 
 
(50,342)
 
 
33,921

Total assets less current liabilities
  
49,659
33,921

  

Net assets
  
49,659
33,921


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
49,559
33,821

  
49,659
33,921


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 


J L Taylor
Director

Date: 30 October 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
RADWEB VENTURES LTD
 

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

1.


General information

The Company is a private company limited by share capital, incorporated in England and Wales, with
registered number 13117705. The registered office address is Building 1000, Lakeside North Harbour Western Road, Portsmouth, England, PO6 3EN

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

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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

Interest income

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

 
2.4

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 2

 
RADWEB VENTURES LTD
 

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

2.Accounting policies (continued)

 
2.5

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 Statement of comprehensive income 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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 3

 
RADWEB VENTURES LTD
 

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

2.Accounting policies (continued)

 
2.10

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).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


Additions
100,001



At 31 January 2024
100,001





5.


Debtors

2024
2023
£
£


Trade debtors
12,684
16,706

Other debtors
60,366
100

Prepayments and accrued income
36
-

73,086
16,806



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
43,840
87,551

43,840
87,551


Page 4

 
RADWEB VENTURES LTD
 

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
100,000
-

Trade creditors
-
178

Corporation tax
54,549
63,239

Other taxation and social security
10,919
7,019

Accruals and deferred income
1,800
-

167,268
70,436



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 (2023 - 50) Ordinary shares of £1.00 each
50
50
50 (2023 - 50) Ordinary A shares of £1.00 each
50
50

100

100

All shares rank pari passu with each other, however the directors have the authority to pay differing rates of dividends on each class of share.



9.


Related party transactions

During the year the Company borrowed £100,000 from Radweb Limited. Both companies have common directors, making this a related party transaction. 


Page 5