Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falsetrueNo description of principal activity98truefalse 08009973 2023-02-01 2024-01-31 08009973 2022-04-22 2023-01-31 08009973 2024-01-31 08009973 2023-01-31 08009973 2022-04-22 08009973 1 2023-02-01 2024-01-31 08009973 d:Director7 2023-02-01 2024-01-31 08009973 c:ComputerEquipment 2023-02-01 2024-01-31 08009973 c:ComputerEquipment 2024-01-31 08009973 c:ComputerEquipment 2023-01-31 08009973 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 08009973 c:CurrentFinancialInstruments 2024-01-31 08009973 c:CurrentFinancialInstruments 2023-01-31 08009973 c:Non-currentFinancialInstruments 2024-01-31 08009973 c:Non-currentFinancialInstruments 2023-01-31 08009973 c:CurrentFinancialInstruments c:WithinOneYear 2024-01-31 08009973 c:CurrentFinancialInstruments c:WithinOneYear 2023-01-31 08009973 c:Non-currentFinancialInstruments c:AfterOneYear 2024-01-31 08009973 c:Non-currentFinancialInstruments c:AfterOneYear 2023-01-31 08009973 c:ShareCapital 2023-02-01 2024-01-31 08009973 c:ShareCapital 2024-01-31 08009973 c:ShareCapital 2022-04-22 2023-01-31 08009973 c:ShareCapital 2023-01-31 08009973 c:ShareCapital 2022-04-22 08009973 c:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 08009973 c:RetainedEarningsAccumulatedLosses 2024-01-31 08009973 c:RetainedEarningsAccumulatedLosses 2022-04-22 2023-01-31 08009973 c:RetainedEarningsAccumulatedLosses 2023-01-31 08009973 c:RetainedEarningsAccumulatedLosses 2022-04-22 08009973 d:OrdinaryShareClass1 2023-02-01 2024-01-31 08009973 d:OrdinaryShareClass1 2024-01-31 08009973 d:OrdinaryShareClass1 2023-01-31 08009973 d:FRS102 2023-02-01 2024-01-31 08009973 d:Audited 2023-02-01 2024-01-31 08009973 d:FullAccounts 2023-02-01 2024-01-31 08009973 d:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08009973 d:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08009973 2 2023-02-01 2024-01-31 08009973 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08009973









KAIZEN SHAREHOLDING DISCLOSURE SERVICES LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
KAIZEN SHAREHOLDING DISCLOSURE SERVICES LIMITED
REGISTERED NUMBER: 08009973

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
2,497
1,132

  
2,497
1,132

Current assets
  

Debtors: amounts falling due within one year
 6 
155,968
26,294

Cash at bank and in hand
 7 
110,012
179,431

  
265,980
205,725

Creditors: amounts falling due within one year
 8 
(570,983)
(1,063,761)

Net current liabilities
  
 
 
(305,003)
 
 
(858,036)

Total assets less current liabilities
  
(302,506)
(856,904)

Creditors: amounts falling due after more than one year
  
(1,615,343)
-

  

Net liabilities
  
(1,917,849)
(856,904)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(1,917,949)
(857,004)

  
(1,917,849)
(856,904)


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 profit and loss account 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: 



................................................
A Huff
Director
Date: 31 January 2025

The notes on pages 5 to 11 form part of these financial statements.
Page 1

 
KAIZEN SHAREHOLDING DISCLOSURE SERVICES LIMITED
REGISTERED NUMBER: 08009973
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024


Page 2

 
KAIZEN SHAREHOLDING DISCLOSURE SERVICES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 February 2023
100
(857,004)
(856,904)


Comprehensive income for the year

Loss for the year
-
(1,060,945)
(1,060,945)
Total comprehensive income for the year
-
(1,060,945)
(1,060,945)


At 31 January 2024
100
(1,917,949)
(1,917,849)


The notes on pages 5 to 11 form part of these financial statements.

Page 3

 
KAIZEN SHAREHOLDING DISCLOSURE SERVICES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
100
(118,708)
(118,608)


Comprehensive income for the period

Loss for the period
-
(738,296)
(738,296)
Total comprehensive income for the period
-
(738,296)
(738,296)


At 31 January 2023
100
(857,004)
(856,904)


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
KAIZEN SHAREHOLDING DISCLOSURE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Kaizen Shareholding Disclosure Services Limited is a private company, limited by shares, registered in England and Wales.  The company's registered number and registered office address can be found on 
the company information page. 
The principal activity of the company is to provide automated monitoring and reporting solutions designed to enhance efficiency, accuracy, and simplicity in compliance processes. Their services cover over 400 global rules across more than 100 jurisdictions, ensuring comprehensive regulatory compliance.

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

The financial statements have been prepared on the going concern basis. The funds to meet the commitments and obligation of the company are provided by the parent company and the parent company has confirmed that it will continue to provide such funding as the Company may need to meet its financial obligations for the foreseeable future.

 
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

Interest income

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

Page 5

 
KAIZEN SHAREHOLDING DISCLOSURE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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:

Computer equipment
-
33%
on cost

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.

 
2.8

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.

 
2.9

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.

Page 6

 
KAIZEN SHAREHOLDING DISCLOSURE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

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
Page 7

 
KAIZEN SHAREHOLDING DISCLOSURE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

 In the application of the company’s accounting policies, management is required to make judgements,
 estimates, and assumptions about the carrying amounts of assets and liabilities that are not readily
 apparent from other sources. The estimates and associated assumptions are based on historical
 experience and other factors that are considered to be relevant. Actual results may differ from these
 estimates.
 The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
 estimates are recognised in the period in which the estimate is revised if the revision affects only that
 period, or in the period of the revision and future periods if the revision affects both current and future
 periods.
 Key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the
 carrying amounts of assets and liabilities within the next financial year include:
 Provisions: Provisions are measured at the management’s best estimate of the expenditure required to
 settle the obligation at the end of the reporting period. These estimates are based on current legal and
 constructive obligations and may require the use of assumptions about future events.


4.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 8).

Page 8

 
KAIZEN SHAREHOLDING DISCLOSURE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 February 2023
5,145


Additions
2,174


Disposals
(3,981)



At 31 January 2024

3,338



Depreciation


At 1 February 2023
4,013


Charge for the year on owned assets
809


Disposals
(3,981)



At 31 January 2024

841



Net book value



At 31 January 2024
2,497



At 31 January 2023
1,132


6.


Debtors

2024
2023
£
£


Trade debtors
(5)
(3)

Amounts owed by group undertakings
129,821
-

Prepayments and accrued income
26,152
26,297

155,968
26,294


Page 9

 
KAIZEN SHAREHOLDING DISCLOSURE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
110,012
179,431

110,012
179,431



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,372
5,863

Amounts owed to group undertakings
41,091
711,067

Other taxation and social security
48,110
30,441

Other creditors
55,325
52,629

Accruals and deferred income
424,085
263,761

570,983
1,063,761



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
1,615,343
-

1,615,343
-



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


Page 10

 
KAIZEN SHAREHOLDING DISCLOSURE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

11.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £44,254. As at the balance
sheet date, contributions amounting £5,497  had not been paid over to the fund and are included within
creditors.


12.


Related party transactions

No disclosure has been made for transactions with other wholly owned group companies in accordance
with FRS Section 1A paragraph 1AC.35.
Cybernetic Controls Limited is an entity in which the directors have an interest. During the year ended
31st January 2024, the company incurred expenses amounting to £59,991 (2023: £6,928) for services
provided by Cybernetic Controls Limited. These transactions were conducted on an arm's length basis
and under normal commercial terms.


13.


Post balance sheet events

There were no post balance sheet events that require disclosure in the financial statements.


14.


Controlling party

On 28 February 2023, there was a change in the group structure. The ultimate controlling party is now
Kaizen Regtech Group Limited, which holds 100% of the shares. Prior to this date, the parent company
was Kaizen Reporting Limited. Following the change, Kaizen Regtech Group Limited became the new
parent company. Its registered office address is 30 St. Mary Axe, London, England, EC3A 8BF.


15.


Auditors' information

The auditors' report on the financial statements for the year ended 31 January 2024 was unqualified.

The audit report was signed on 31 January 2025 by Michael Lerman (Senior Statutory Auditor) on behalf of Halkin Lerman Davis Ltd.

 
Page 11