Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falsefalse1holding company1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13770228 2023-01-01 2023-12-31 13770228 2022-01-01 2022-12-31 13770228 2023-12-31 13770228 2022-12-31 13770228 c:Director1 2023-01-01 2023-12-31 13770228 d:CurrentFinancialInstruments 2023-12-31 13770228 d:CurrentFinancialInstruments 2022-12-31 13770228 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13770228 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13770228 d:ShareCapital 2023-12-31 13770228 d:ShareCapital 2022-12-31 13770228 d:RetainedEarningsAccumulatedLosses 2023-12-31 13770228 d:RetainedEarningsAccumulatedLosses 2022-12-31 13770228 c:FRS102 2023-01-01 2023-12-31 13770228 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13770228 c:FullAccounts 2023-01-01 2023-12-31 13770228 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13770228 6 2023-01-01 2023-12-31 13770228 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13770228










RSE LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
RSE LTD
REGISTERED NUMBER: 13770228

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1
85

Current assets
  

Cash at bank and in hand
  
1
1

Creditors: amounts falling due within one year
 6 
(85)
(85)

Net current liabilities
  
 
 
(84)
 
 
(84)

  

Net (liabilities)/assets
  
(83)
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(84)
-

  
(83)
1


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 6 February 2025.




R S Kealey
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
RSE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

RSE Ltd is a private Company limited by shares, incorporated in England and Wales (registered number: 13770228). Its registered office is 2 Ashgate Road, Chesterfield, Derbyshire, S40 4AA. The principal activity of the Company throughout the year was that of a Holding Company.

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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.
The validity of this assumption depends on the ability of the company to generate profits in the future. The directors believe this to be well founded, based on current and expected future levels of activity. The financial statements do not include any adjustments that would result if sufficient profits were not generated.

 
2.3

Taxation

Tax is recognised in the Statement of Income and Retained Earnings

The current 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


Page 2

 
RSE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.


3.


Employees



The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 3

 
RSE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
85


Revaluations
(84)



At 31 December 2023
1





5.


Debtors


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
85
85


 
Page 4