Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-282024-02-282falsetrue1No description of principal activityfalse2023-03-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13232262 2023-03-01 2024-02-28 13232262 2022-03-01 2023-02-28 13232262 2024-02-28 13232262 2023-02-28 13232262 c:Director1 2023-03-01 2024-02-28 13232262 d:PlantMachinery 2023-03-01 2024-02-28 13232262 d:PlantMachinery 2024-02-28 13232262 d:PlantMachinery 2023-02-28 13232262 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 13232262 d:CurrentFinancialInstruments 2024-02-28 13232262 d:CurrentFinancialInstruments 2023-02-28 13232262 d:Non-currentFinancialInstruments 2024-02-28 13232262 d:Non-currentFinancialInstruments 2023-02-28 13232262 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 13232262 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13232262 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-28 13232262 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13232262 d:ShareCapital 2024-02-28 13232262 d:ShareCapital 2023-02-28 13232262 d:RetainedEarningsAccumulatedLosses 2024-02-28 13232262 d:RetainedEarningsAccumulatedLosses 2023-02-28 13232262 c:FRS102 2023-03-01 2024-02-28 13232262 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13232262 c:FullAccounts 2023-03-01 2024-02-28 13232262 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13232262 d:WithinOneYear 2024-02-28 13232262 d:WithinOneYear 2023-02-28 13232262 d:BetweenOneFiveYears 2024-02-28 13232262 d:BetweenOneFiveYears 2023-02-28 13232262 e:PoundSterling 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure

Registered number: 13232262









IDUNN REJUVENATION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2024

 
IDUNN REJUVENATION LIMITED
REGISTERED NUMBER: 13232262

BALANCE SHEET
AS AT 28 FEBRUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
162,875
-

  
162,875
-

Current assets
  

Debtors: amounts falling due within one year
 5 
7,100
1,000

Cash at bank and in hand
 6 
685
-

  
7,785
1,000

Creditors: amounts falling due within one year
 7 
(117,856)
-

Net current (liabilities)/assets
  
 
 
(110,071)
 
 
1,000

Total assets less current liabilities
  
52,804
1,000

Creditors: amounts falling due after more than one year
 8 
(84,533)
-

  

Net (liabilities)/assets
  
(31,729)
1,000


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(32,729)
-

  
(31,729)
1,000


Page 1

 
IDUNN REJUVENATION LIMITED
REGISTERED NUMBER: 13232262
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2024

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 year 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 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 by: 




C O'Riordan
Director

Date: 24 February 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
IDUNN REJUVENATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1.


General information

Idunn Rejuvenation Limited is a private company limited by shares, incorporated in England and Wales and its registered office address Aston House, Cornwall Avenue, London, N3 1LF.

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

Whilst the company is in a net liabilities position, it retains the support of its shareholders and as such the director considers it appropriate to prepare the accounts on a going concern basis.

 
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

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.

Page 3

 
IDUNN REJUVENATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.6

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.

 
2.7

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%

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 4

 
IDUNN REJUVENATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


Additions
201,960



At 28 February 2024

201,960



Depreciation


Charge for the year on owned assets
39,085



At 28 February 2024

39,085



Net book value



At 28 February 2024
162,875



At 28 February 2023
-


5.


Debtors

2024
2023
£
£


Other debtors
7,100
1,000


Page 5

 
IDUNN REJUVENATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
685
-



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Finance lease and hire purchase contracts
53,631
-

Other creditors
64,225
-

117,856
-



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Finance leases and hire purchase contracts
84,533
-



9.


Commitments under operating leases

At 28 February 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
7,560
-

Later than 1 year and not later than 5 years
14,490
-

22,050
-

 
Page 6