Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-311No description of principal activity2023-04-01false1truetrue 11531667 2023-04-01 2024-03-31 11531667 2022-04-01 2023-03-31 11531667 2024-03-31 11531667 2023-03-31 11531667 c:Director1 2023-04-01 2024-03-31 11531667 d:MotorVehicles 2023-04-01 2024-03-31 11531667 d:MotorVehicles 2024-03-31 11531667 d:MotorVehicles 2023-03-31 11531667 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11531667 d:FurnitureFittings 2023-04-01 2024-03-31 11531667 d:FurnitureFittings 2024-03-31 11531667 d:FurnitureFittings 2023-03-31 11531667 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11531667 d:ComputerEquipment 2023-04-01 2024-03-31 11531667 d:ComputerEquipment 2024-03-31 11531667 d:ComputerEquipment 2023-03-31 11531667 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11531667 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11531667 d:CurrentFinancialInstruments 2024-03-31 11531667 d:CurrentFinancialInstruments 2023-03-31 11531667 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11531667 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11531667 d:ShareCapital 2024-03-31 11531667 d:ShareCapital 2023-03-31 11531667 d:RetainedEarningsAccumulatedLosses 2024-03-31 11531667 d:RetainedEarningsAccumulatedLosses 2023-03-31 11531667 c:FRS102 2023-04-01 2024-03-31 11531667 c:Audited 2023-04-01 2024-03-31 11531667 c:FullAccounts 2023-04-01 2024-03-31 11531667 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11531667 c:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11531667 2 2023-04-01 2024-03-31 11531667 6 2023-04-01 2024-03-31 11531667 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11531667









REVENUE & CAPITAL LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
REVENUE & CAPITAL LIMITED
REGISTERED NUMBER: 11531667

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,207
23,603

Investments
 5 
2
2

  
1,209
23,605

Current assets
  

Debtors: amounts falling due within one year
 6 
509,714
436,234

Cash at bank and in hand
 7 
53,841
54,468

  
563,555
490,702

Creditors: amounts falling due within one year
 8 
(20,959)
(10,001)

Net current assets
  
 
 
542,596
 
 
480,701

Total assets less current liabilities
  
543,805
504,306

  

Net assets
  
543,805
504,306


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
543,705
504,206

  
543,805
504,306


Page 1

 
REVENUE & CAPITAL LIMITED
REGISTERED NUMBER: 11531667
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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: 




R J Walsh
Director

Date: 17 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
REVENUE & CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Revenue & Capital Limited is a private company limited by shares, incorporated in England and Wales (registered number: 11531667). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in sterling, which is the functional currency of the Company.

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

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 3

 
REVENUE & CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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:

Motor vehicles
-
4 years
Fixtures and fittings
-
5 years
Computer equipment
-
5 years

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
REVENUE & CAPITAL 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 1 (2023 - 1).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
54,307
1,622
816
56,745


Disposals
(54,307)
-
-
(54,307)



At 31 March 2024

-
1,622
816
2,438



Depreciation


At 1 April 2023
32,398
649
95
33,142


Charge for the year on owned assets
-
324
163
487


Disposals
(32,398)
-
-
(32,398)



At 31 March 2024

-
973
258
1,231



Net book value



At 31 March 2024
-
649
558
1,207



At 31 March 2023
21,909
973
721
23,603


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
2



At 31 March 2024
2




Page 5

 
REVENUE & CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
480,949
404,266

Other debtors
28,765
31,968

509,714
436,234



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
53,841
54,468

53,841
54,468



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
16,857
-

Amounts owed to group undertakings
2
2

Other taxation and social security
1,100
-

Accruals and deferred income
3,000
9,999

20,959
10,001



9.


Related party transactions

Included within debtors is £480,949 (2023: £404,266) owed by group undertakings.
Included within creditors is £2 (2023: £2) owed to group undertakings.


10.


Controlling party

The ultimate controlling party is MCML Investments Limited, a company incorporated in England and Wales with registered number 13608914 and registered address 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.

Page 6

 
REVENUE & CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was qualified.

The qualification in the audit report was as follows:

We do not express an opinion on the accompanying financial statements of the Company. Because of the significance of the matter described in the basis for disclaimer of opinion section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements.
Basis for disclaimer of opinion
We were unable to obtain sufficient appropriate audit evidence about multiple elements of the financial statements. The possible effects of this inability to obtain sufficient appropriate audit evidence are deemed to be both material and pervasive to the financial statements.

The audit report was signed on 17 January 2025 by Hugh Lask (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

 
Page 7