Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-14truefalsetrueNo description of principal activity3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14935846 2023-06-13 14935846 2023-06-14 2023-12-31 14935846 2022-06-14 2023-06-13 14935846 2023-12-31 14935846 c:Director5 2023-06-14 2023-12-31 14935846 d:CurrentFinancialInstruments 2023-12-31 14935846 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14935846 d:ShareCapital 2023-06-14 2023-12-31 14935846 d:ShareCapital 2023-12-31 14935846 d:RetainedEarningsAccumulatedLosses 2023-06-14 2023-12-31 14935846 d:RetainedEarningsAccumulatedLosses 2023-12-31 14935846 c:OrdinaryShareClass1 2023-06-14 2023-12-31 14935846 c:OrdinaryShareClass1 2023-12-31 14935846 c:FRS102 2023-06-14 2023-12-31 14935846 c:AuditExemptWithAccountantsReport 2023-06-14 2023-12-31 14935846 c:FullAccounts 2023-06-14 2023-12-31 14935846 c:PrivateLimitedCompanyLtd 2023-06-14 2023-12-31 14935846 6 2023-06-14 2023-12-31 14935846 e:PoundSterling 2023-06-14 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14935846










Renovaro Cube Intl Ltd








Unaudited

Financial statements

For the period ended 31 December 2023

 
Renovaro Cube Intl Ltd
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Renovaro Cube Intl Ltd for the period 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 Renovaro Cube Intl Ltd for the period ended 31 December 2023 which comprise  the Balance sheet, the Statement of changes in equity and the related notes from the Company's 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 Board of directors of Renovaro Cube Intl Ltd, as a body, in accordance with the terms of our engagement letter dated 2 January 2025Our work has been undertaken solely to prepare for your approval the financial statements of Renovaro Cube Intl Ltd and state those matters that we have agreed to state to the Board of directors of Renovaro Cube Intl Ltd, as a body, 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 Renovaro Cube Intl Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Renovaro Cube Intl Ltd 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 Renovaro Cube Intl Ltd. You consider that Renovaro Cube Intl Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Renovaro Cube Intl Ltd. 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
2nd Floor
168 Shoreditch High Street
London
E1 6RA
4 February 2025
Page 1

 
Renovaro Cube Intl Ltd
Registered number: 14935846

Balance sheet
As at 31 December 2023

2023
2023
Note
£
£

Fixed assets
  

Investments
 4 
858,363

  
858,363

Current assets
  

Debtors: amounts falling due within one year
 5 
403,764

Cash at bank and in hand
  
89,637

  
493,401

Creditors: amounts falling due within one year
 6 
(2,514,468)

Net current (liabilities)/assets
  
 
 
(2,021,067)

Total assets less current liabilities
  
(1,162,704)

  

Net (liabilities)/assets
  
(1,162,704)


Capital and reserves
  

Called up share capital 
 7 
2,157

Profit and loss account
  
(1,164,861)

  
(1,162,704)


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 on 4 February 2025.




Maurice Van Tilburg
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
Renovaro Cube Intl Ltd
 

Statement of changes in equity
For the period ended 31 December 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Loss for the period
-
(1,164,861)
(1,164,861)
Total comprehensive income for the period
-
(1,164,861)
(1,164,861)


Contributions by and distributions to owners

Shares issued during the period
2,157
-
2,157


Total transactions with owners
2,157
-
2,157


At 31 December 2023
2,157
(1,164,861)
(1,162,704)

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
Renovaro Cube Intl Ltd
 

 
Notes to the financial statements
For the period ended 31 December 2023

1.


General information

The Company is a private limited company, incorporated and domiciled in England and Wales. The Company's registered office in 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

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

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.

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

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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 4

 
Renovaro Cube Intl Ltd
 

 
Notes to the financial statements
For the period ended 31 December 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

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.

 
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.

Page 5

 
Renovaro Cube Intl Ltd
 

 
Notes to the financial statements
For the period ended 31 December 2023

3.


Employees

6 months ended
31 December
2023
£

Wages and salaries
342,236

Social security costs
16,034

Cost of defined contribution scheme
4,333

362,603


The average monthly number of employees, including directors, during the period was 3.


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


Additions
858,363



At 31 December 2023
858,363





5.


Debtors

2023
£


Amounts owed by group undertakings
372,329

Other debtors
29,278

Called up share capital not paid
2,157

403,764


Page 6

 
Renovaro Cube Intl Ltd
 

 
Notes to the financial statements
For the period ended 31 December 2023

6.


Creditors: Amounts falling due within one year

2023
£

Other loans
503,699

Trade creditors
291,228

Amounts owed to group undertakings
1,560,352

Other taxation and social security
51,032

Other creditors
4,333

Accruals and deferred income
103,824

2,514,468



7.


Share capital

2023
£
Allotted, called up and fully paid


2,157 Ordinary share class shares of £1.00 each
2,157


During the period to 31 December 2023, the Company alloted 2,157 shares at £1 per share.


8.


Pension commitments

The Company operates a defined contributions 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 £4,333. Contributions totalling £4,333  were payable to the fund at the balance sheet date and are included in creditors.


9.


Related party transactions

The Company has elected to take the exemption from disclosing related party transactions with wholly owned group members under paragraph 33.1A.


10.


Controlling party

The Company is under the control of its parent company Renovaro Inc.


Page 7