Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-05-01falseNo description of principal activity21falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08165187 2023-05-01 2024-03-31 08165187 2022-05-01 2023-04-30 08165187 2024-03-31 08165187 2023-04-30 08165187 c:Director2 2023-05-01 2024-03-31 08165187 c:Director3 2023-05-01 2024-03-31 08165187 c:RegisteredOffice 2023-05-01 2024-03-31 08165187 d:CurrentFinancialInstruments 2024-03-31 08165187 d:CurrentFinancialInstruments 2023-04-30 08165187 d:Non-currentFinancialInstruments 2024-03-31 08165187 d:Non-currentFinancialInstruments 2023-04-30 08165187 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08165187 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08165187 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08165187 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 08165187 d:ShareCapital 2024-03-31 08165187 d:ShareCapital 2023-04-30 08165187 d:RetainedEarningsAccumulatedLosses 2024-03-31 08165187 d:RetainedEarningsAccumulatedLosses 2023-04-30 08165187 c:OrdinaryShareClass1 2023-05-01 2024-03-31 08165187 c:OrdinaryShareClass1 2024-03-31 08165187 c:OrdinaryShareClass1 2023-04-30 08165187 c:FRS102 2023-05-01 2024-03-31 08165187 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-03-31 08165187 c:FullAccounts 2023-05-01 2024-03-31 08165187 c:PrivateLimitedCompanyLtd 2023-05-01 2024-03-31 08165187 6 2023-05-01 2024-03-31 08165187 2 2024-03-31 08165187 2 2023-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08165187









RWA INVESTMENTS LTD







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2024

 
RWA INVESTMENTS LTD
 
 
COMPANY INFORMATION


Directors
NJC Rogers 
KA Bizon (appointed on 1 May 2023) 




Registered number
08165187



Registered office
37 Thornhill Square

London

N1 1BE




Accountants
Ecovis Wingrave Yeats UK Ltd
Chartered Accountants

Waverley House

7 – 12 Noel Street

London

W1F 8GQ





 
RWA INVESTMENTS LTD
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
RWA INVESTMENTS LTD
 

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
30 April
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
65,334
65,334

  
65,334
65,334

Current assets
  

Debtors: amounts falling due within one year
 5 
213,901
906,273

  
213,901
906,273

Creditors: amounts falling due within one year
 6 
(4,750)
(39,122)

Net current assets
  
 
 
209,151
 
 
867,151

Total assets less current liabilities
  
274,485
932,485

Creditors: amounts falling due after more than one year
 7 
(65,332)
(65,332)

  

Net assets
  
209,153
867,153


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
209,151
867,151

  
209,153
867,153


Page 1

 
RWA INVESTMENTS LTD
REGISTERED NUMBER: 08165187
    
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 period 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:




NJC Rogers
Director

Date: 10 January 2025

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

Page 2

 
RWA INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

RWA Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registration number 08165187. The registered office is 37 Thornhill Square, London, N1 1BE.

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

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

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.

 
2.4

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 Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 3

 
RWA INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

 
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.

Page 4

 
RWA INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 1).


4.


Investments








Other

£



Cost or valuation


At 1 May 2023
65,334



At 31 March 2024
65,334






Net book value



At 31 March 2024
65,334



At 30 April 2023
65,334


5.


Debtors

31 March
30 April
2024
2023
£
£


Amounts owed by related parties
129,180
826,794

Tax recoverable
84,721
79,479

213,901
906,273



6.


Creditors: Amounts falling due within one year

31 March
30 April
2024
2023
£
£

Corporation tax
-
34,372

Accruals and deferred income
4,750
4,750

4,750
39,122


Page 5

 
RWA INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due after more than one year

31 March
30 April
2024
2023
£
£

Directors loan account
65,332
65,332

65,332
65,332



8.


Share capital

31 March
30 April
2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



9.


Related party transactions

During the year the company received a profit share of £3,007 (2023 - £3,267) from a Limited Liability Partnership of which the Company is a designated member. During the year the Limited Liability Partnership covered payments and expenses on behalf of the Company of £700,621 (2023 - £45,928). As at the balance sheet date, the company was owed £129,180 (2023 - £826,794) by the Limited Liability Partnership.

 
Page 6