Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31false22022-11-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12945233 2022-11-01 2023-10-31 12945233 2021-11-01 2022-10-31 12945233 2023-10-31 12945233 2022-10-31 12945233 c:Director1 2022-11-01 2023-10-31 12945233 d:OfficeEquipment 2022-11-01 2023-10-31 12945233 d:OfficeEquipment 2023-10-31 12945233 d:OfficeEquipment 2022-10-31 12945233 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12945233 d:ComputerEquipment 2022-11-01 2023-10-31 12945233 d:ComputerEquipment 2023-10-31 12945233 d:ComputerEquipment 2022-10-31 12945233 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12945233 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12945233 d:CurrentFinancialInstruments 2023-10-31 12945233 d:CurrentFinancialInstruments 2022-10-31 12945233 d:Non-currentFinancialInstruments 2023-10-31 12945233 d:Non-currentFinancialInstruments 2022-10-31 12945233 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12945233 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12945233 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 12945233 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 12945233 d:ShareCapital 2023-10-31 12945233 d:ShareCapital 2022-10-31 12945233 d:SharePremium 2023-10-31 12945233 d:SharePremium 2022-10-31 12945233 d:RetainedEarningsAccumulatedLosses 2023-10-31 12945233 d:RetainedEarningsAccumulatedLosses 2022-10-31 12945233 c:OrdinaryShareClass1 2022-11-01 2023-10-31 12945233 c:OrdinaryShareClass1 2023-10-31 12945233 c:OrdinaryShareClass1 2022-10-31 12945233 c:FRS102 2022-11-01 2023-10-31 12945233 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12945233 c:FullAccounts 2022-11-01 2023-10-31 12945233 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12945233 e:PoundSterling 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12945233









KRADR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
KRADR LIMITED
REGISTERED NUMBER: 12945233

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
259,300
6,667

  
259,300
6,667

Current assets
  

Debtors: amounts falling due after more than one year
 5 
381,947
124,976

Debtors: amounts falling due within one year
 5 
57,750
71,363

Cash at bank and in hand
 6 
36,829
38,630

  
476,526
234,969

Creditors: amounts falling due within one year
 7 
(221,631)
(16,961)

Net current assets
  
 
 
254,895
 
 
218,008

Total assets less current liabilities
  
514,195
224,675

Creditors: amounts falling due after more than one year
 8 
(660,000)
(206,741)

  

Net (liabilities)/assets
  
(145,805)
17,934


Capital and reserves
  

Called up share capital 
 9 
114
111

Share premium account
  
121,761
59,889

Profit and loss account
  
(267,680)
(42,066)

  
(145,805)
17,934


Page 1

 
KRADR LIMITED
REGISTERED NUMBER: 12945233
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

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: 




N P Hamson
Director

Date: 24 January 2025

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

Page 2

 
KRADR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

Kradr Limited is a private company limited by shares and incorporated in England & Wales (registered number 12945233). The registered office is 1-2 Portland Mews, London, England, W1F 8JE.
The principal activity of the company is that of motion picture production and distribution services. 

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position assurances have been obtained from the shareholders of the company to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

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.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
KRADR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Borrowing costs

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

 
2.6

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:

Office equipment
-
25%
Computer equipment
-
25%

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.

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).

Page 4

 
KRADR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 November 2022
320
6,937
7,257


Additions
179
253,073
253,252



At 31 October 2023

499
260,010
260,509



Depreciation


At 1 November 2022
12
577
589


Charge for the period on owned assets
32
588
620



At 31 October 2023

44
1,165
1,209



Net book value



At 31 October 2023
455
258,845
259,300



At 31 October 2022
308
6,359
6,667


5.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
381,947
124,976

381,947
124,976


2023
2022
£
£

Due within one year

Trade debtors
52,024
71,333

Other debtors
4,726
30

Prepayments and accrued income
1,000
-

57,750
71,363


Page 5

 
KRADR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
36,829
38,630

Less: bank overdrafts
(2,469)
-

34,360
38,630



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
2,469
-

Trade creditors
11,737
12,595

Other taxation and social security
37,082
399

Other creditors
1,289
195

Accruals and deferred income
169,054
3,772

221,631
16,961



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
660,000
206,741

660,000
206,741



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



114,458 (2022 - 110,920) Ordinary shares shares of £0.001 each
114
111


During the year, 3,538 ordinary shares of £0.001 each were issued.

 
Page 6