Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-01-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09141049 2023-01-01 2023-12-31 09141049 2022-01-01 2022-12-31 09141049 2023-12-31 09141049 2022-12-31 09141049 c:Director1 2023-01-01 2023-12-31 09141049 d:CurrentFinancialInstruments 2023-12-31 09141049 d:CurrentFinancialInstruments 2022-12-31 09141049 d:Non-currentFinancialInstruments 2023-12-31 09141049 d:Non-currentFinancialInstruments 2022-12-31 09141049 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09141049 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09141049 d:ShareCapital 2023-12-31 09141049 d:ShareCapital 2022-12-31 09141049 d:RetainedEarningsAccumulatedLosses 2023-12-31 09141049 d:RetainedEarningsAccumulatedLosses 2022-12-31 09141049 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09141049 c:OrdinaryShareClass1 2023-12-31 09141049 c:OrdinaryShareClass1 2022-12-31 09141049 c:FRS102 2023-01-01 2023-12-31 09141049 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09141049 c:FullAccounts 2023-01-01 2023-12-31 09141049 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09141049 2 2023-01-01 2023-12-31 09141049 6 2023-01-01 2023-12-31 09141049 2 2023-12-31 09141049 2 2022-12-31 09141049 f:Euro 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09141049










Rage Network Holdings Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2023





 
Rage Network Holdings Limited
 
  
Chartered Accountants' Report to the Director on the preparation of the Unaudited Statutory Financial Statements of Rage Network Holdings Limited for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rage Network Holdings Limited for the year ended 31 December 2023 which comprise  the Balance Sheet and the related notes from the company accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Rage Network Holdings Limited in accordance with the terms of our engagement letter dated 19 January 2023Our work has been undertaken solely to prepare for your approval the financial statements of Rage Network Holdings Limited and state those matters that we have agreed to state to the director of Rage Network Holdings Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rage Network Holdings Limited and its director for our work or for this report. 

It is your duty to ensure that Rage Network Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rage Network Holdings Limited. You consider that Rage Network Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Rage Network Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Canterbury
31 January 2025
Page 1

 
Rage Network Holdings Limited
Registered number: 09141049

Balance Sheet
As at 31 December 2023

2023
2022
Note

Fixed assets
  

Fixed asset investments
 4 
185,795
207,396

  
185,795
207,396

Current assets
  

Debtors: amounts falling due after more than one year
 5 
210,000
390,000

Debtors: amounts falling due within one year
 5 
373,322
499,153

Cash at bank and in hand
  
161,390
148,762

  
744,712
1,037,915

Creditors: amounts falling due within one year
 6 
(32,819)
(32,819)

Net current assets
  
 
 
711,893
 
 
1,005,096

Total assets less current liabilities
  
897,688
1,212,492

  

Net assets
  
897,688
1,212,492


Capital and reserves
  

Called up share capital 
 7 
1,167
1,167

Profit and loss account
  
896,521
1,211,325

  
897,688
1,212,492


The director considers 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 director acknowledges his 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 income and retained earnings 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 31 January 2025.




J Thierry
Director


The notes on 5 to 8 form part of these financial statements.

Page 2

 
Rage Network Holdings Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

1.


General information

Rage Network Holdings Limited is a private limited company incorporated in England with registration number 09141049. The address of the registered office is Innovation House, Ramsgate Road, Sandwich, Kent, CT13 9FF.

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 financial statements are rounded to the nearest Euro. 

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is Euro.

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Interest income

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

Page 3

 
Rage Network Holdings Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
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.


 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated 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

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 1 (2022 - 1).

Page 4

 
Rage Network Holdings Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

4.


Fixed asset investments





Unlisted investments




Cost 


At 1 January 2023
289,396



At 31 December 2023

289,396



Impairment


At 1 January 2023
82,000


Charge for the period
21,600



At 31 December 2023

103,600



Net book value



At 31 December 2023
185,796



At 31 December 2022
207,396


5.


Debtors

2023
2022

Due after more than one year

Other debtors
210,000
390,000

210,000
390,000


2023
2022

Due within one year

Amounts owed by group undertakings
193,322
319,153

Other debtors
180,000
180,000

373,322
499,153


Page 5

 
Rage Network Holdings Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

6.


Creditors: Amounts falling due within one year

2023
2022

Other creditors
32,819
32,819

32,819
32,819



7.


Share capital

2023
2022
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,167
1,167



8.


Related party transactions

All related party transactions during the current and prior periods, were made under normal market conditions.


9.


Controlling party

During the year the company was controlled by Mr J Thierry by virtue of his 100% shareholding.


Page 6