Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31No description of principal activity2023-06-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false33falsetruefalse 09061048 2023-06-01 2024-05-31 09061048 2024-05-31 09061048 2022-06-01 2023-05-31 09061048 2023-05-31 09061048 c:Director1 2023-06-01 2024-05-31 09061048 c:Director1 2024-05-31 09061048 c:Director2 2023-06-01 2024-05-31 09061048 c:Director3 2023-06-01 2024-05-31 09061048 c:RegisteredOffice 2023-06-01 2024-05-31 09061048 d:OfficeEquipment 2023-06-01 2024-05-31 09061048 d:OfficeEquipment 2024-05-31 09061048 d:OfficeEquipment 2023-05-31 09061048 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09061048 d:CurrentFinancialInstruments 2024-05-31 09061048 d:CurrentFinancialInstruments 2023-05-31 09061048 d:Non-currentFinancialInstruments 2024-05-31 09061048 d:Non-currentFinancialInstruments 2023-05-31 09061048 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 09061048 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09061048 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 09061048 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 09061048 d:ShareCapital 2024-05-31 09061048 d:ShareCapital 2023-05-31 09061048 d:RetainedEarningsAccumulatedLosses 2024-05-31 09061048 d:RetainedEarningsAccumulatedLosses 2023-05-31 09061048 c:FRS102 2023-06-01 2024-05-31 09061048 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09061048 c:FullAccounts 2023-06-01 2024-05-31 09061048 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09061048 d:WithinOneYear 2024-05-31 09061048 d:WithinOneYear 2023-05-31 09061048 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company registration number: 09061048







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024


SOLVENCY II SOLUTIONS LIMITED






































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SOLVENCY II SOLUTIONS LIMITED
 


 
COMPANY INFORMATION


Directors
R Dellabarca (resigned 28 February 2024)
A J Kent 
J H Staines 




Registered number
09061048



Registered office
27 Ellenbridge Way

South Croydon

Surrey

CR2 0EW




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


SOLVENCY II SOLUTIONS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


SOLVENCY II SOLUTIONS LIMITED
REGISTERED NUMBER:09061048



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
748
1,117

  
748
1,117

Current assets
  

Debtors: amounts falling due within one year
 5 
243,572
26,393

Cash at bank and in hand
  
24,978
104,268

  
268,550
130,661

Creditors: amounts falling due within one year
 6 
(97,400)
(27,944)

Net current assets
  
 
 
171,150
 
 
102,717

Total assets less current liabilities
  
171,898
103,834

Creditors: amounts falling due after more than one year
 7 
(33,973)
(39,664)

  

Net assets
  
137,925
64,170


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
137,825
64,070

  
137,925
64,170


Page 1

 


SOLVENCY II SOLUTIONS LIMITED
REGISTERED NUMBER:09061048


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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: 


................................................
A J Kent
Director

Date: 27 February 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


SOLVENCY II SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Solvency II Solutions Limited is a private company limited by shares, registered in England and Wales. The address of its registered office, which is also the principal place of business, is disclosed on the company information page.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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 the Statement of income and retained earnings.

 
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.

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
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.

Page 3

 


SOLVENCY II SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except where a charge is attributable to an item of income and expense that is recognised as other comprehensive income or where an item recognised directly in equity is recognised in other comprehensive income or directly in equity.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
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:

Office equipment
-
33%

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3). 

Page 4

 


SOLVENCY II SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2023
2,274



At 31 May 2024

2,274



Depreciation


At 1 June 2023
1,157


Charge for the year on owned assets
369



At 31 May 2024

1,526



Net book value



At 31 May 2024
748



At 31 May 2023
1,117

Page 5

 


SOLVENCY II SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
101,838
4,697

Amounts owed by group undertakings
130,154
-

Other debtors
10,571
18,846

Prepayments and accrued income
1,009
2,850

243,572
26,393



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,689
5,546

Trade creditors
420
5,712

Corporation tax
58,611
-

Other taxation and social security
10,433
11,090

Other creditors
12,619
2,321

Accruals and deferred income
9,628
3,275

97,400
27,944



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
33,973
39,664

33,973
39,664


The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:

2024
2023
£
£


Repayable by instalments
9,734
16,023

9,734
16,023

The bank loan included in creditors is a bounce-back loan obtained with the support of the government scheme.  A rate of 2.5% interest is charged on this loan.

Page 6

 


SOLVENCY II SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Commitments under operating leases

At 31 May 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
-
1,502

-
1,502


9.


Related party transactions

Included in other creditors falling due within one year are interest free loans totaling £10,419 (2023 - £421) which have been provided by the directors.

 
Page 7