Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302022-11-018falseNo description of principal activity7truetruefalse 08743777 2022-11-01 2024-04-30 08743777 2021-11-01 2022-10-31 08743777 2024-04-30 08743777 2022-10-31 08743777 c:Director2 2022-11-01 2024-04-30 08743777 c:Director3 2022-11-01 2024-04-30 08743777 c:Director3 2024-04-30 08743777 c:RegisteredOffice 2022-11-01 2024-04-30 08743777 c:Agent1 2022-11-01 2024-04-30 08743777 d:CurrentFinancialInstruments 2024-04-30 08743777 d:CurrentFinancialInstruments 2022-10-31 08743777 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08743777 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 08743777 d:ShareCapital 2024-04-30 08743777 d:ShareCapital 2022-10-31 08743777 d:RetainedEarningsAccumulatedLosses 2024-04-30 08743777 d:RetainedEarningsAccumulatedLosses 2022-10-31 08743777 c:OrdinaryShareClass1 2022-11-01 2024-04-30 08743777 c:OrdinaryShareClass1 2024-04-30 08743777 c:OrdinaryShareClass1 2022-10-31 08743777 c:FRS102 2022-11-01 2024-04-30 08743777 c:Audited 2022-11-01 2024-04-30 08743777 c:FullAccounts 2022-11-01 2024-04-30 08743777 c:PrivateLimitedCompanyLtd 2022-11-01 2024-04-30 08743777 c:SmallCompaniesRegimeForAccounts 2022-11-01 2024-04-30 08743777 e:PoundSterling 2022-11-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08743777










RSM US (UK) LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024




















 
RSM US (UK) LTD
 
 
Company Information


Directors
T Ferreira 
B J Becker (appointed 6 January 2023)




Registered number
08743777



Registered office
6th Floor
25 Farringdon Street

London

EC4A 4AB




Bankers
HSBC UK Bank plc.
1 Centenary Square

Birmingham

B1 1HQ





 
RSM US (UK) LTD
Registered number: 08743777

Balance sheet
As at 30 April 2024

30 April
31 October
2024
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
275,315
266,219

Cash at bank and in hand
  
127,822
39,275

  
403,137
305,494

Creditors: amounts falling due within one year
 5 
(35,615)
(19,181)

Net current assets
  
 
 
367,522
 
 
286,313

Total assets less current liabilities
  
367,522
286,313

  

Net assets
  
367,522
286,313


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
367,521
286,312

  
367,522
286,313


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 on 27 January 2025.




T Ferreira
Director

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

Page 1

 
RSM US (UK) LTD
 
 
 
Notes to the financial statements
For the Period Ended 30 April 2024

1.


General information

RSM US (UK) Ltd is a private company limited by shares and is incorporated in England and Wales. The address of the registered office is 6th Floor, 25 Farringdon Street, London, EC4A 4AB.
These financial statements have been prepared for the 18 month period from 1 November 2022 to 30 April 2024. The comparatives are for the 12 month period from 1 November 2021 to 31 October 2022. 

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 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

Turnover

Turnover comprises revenue recognised by the company in respect of management and administrative support services supplied during the period, exclusive of Value Added Tax.
Turnover is recognised when the services have been provided and is measured at a mark-up on costs in line with the Administrative Services Agreement. 

 
2.3

Debtors

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

 
2.4

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. 

 
2.5

Creditors

Short-term creditors are measured at the transaction price. 

 
2.6

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.

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



 
Page 2

 
RSM US (UK) LTD
 
 
 
Notes to the financial statements
For the Period Ended 30 April 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

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

Page 3

 
RSM US (UK) LTD
 
 
 
Notes to the financial statements
For the Period Ended 30 April 2024

2.Accounting policies (continued)

 
2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.8

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.



3.


Employees

The average monthly number of employees, including directors, during the period was 8 (2022 - 7).


4.


Debtors

30 April
31 October
2024
2022
£
£


Amounts owed by group undertakings
275,315
266,219

275,315
266,219


Page 4

 
RSM US (UK) LTD
 
 
 
Notes to the financial statements
For the Period Ended 30 April 2024

5.


Creditors: Amounts falling due within one year

30 April
31 October
2024
2022
£
£

Corporation tax
20,655
5,281

Accruals and deferred income
14,960
13,900

35,615
19,181



6.


Share capital

30 April
31 October
2024
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



7.


Controlling party

The parent undertaking of the smallest group of which RSM US (UK) Limited is a member and consolidated financial statements are prepared is RSM US LLP, a company incorporated in the state of Iowa, United States of America. Their registered office address is 4650 E 53rd Street, Davenport, IA, 52807, USA.
The company has adopted the exemption permitted by paragraph 33.1A of FRS102 and has not disclosed transactions with members of the same group that are wholly owned.


8.


Auditors' information

The auditors' report on the financial statements for the period ended 30 April 2024 was unqualified.

The audit report was signed on 31 January 2025 by Hannah Clegg (Senior statutory auditor) on behalf of Sayers Butterworth LLP.

 
Page 5