Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falsetruefalseNo description of principal activity44falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10731851 2023-05-01 2024-04-30 10731851 2022-05-01 2023-04-30 10731851 2024-04-30 10731851 2023-04-30 10731851 1 2023-05-01 2024-04-30 10731851 d:Director3 2023-05-01 2024-04-30 10731851 c:OfficeEquipment 2023-05-01 2024-04-30 10731851 c:OfficeEquipment 2024-04-30 10731851 c:OfficeEquipment 2023-04-30 10731851 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10731851 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 10731851 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 10731851 c:CurrentFinancialInstruments 2024-04-30 10731851 c:CurrentFinancialInstruments 2023-04-30 10731851 c:CurrentFinancialInstruments c:WithinOneYear 2024-04-30 10731851 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-30 10731851 c:ShareCapital 2024-04-30 10731851 c:ShareCapital 2023-04-30 10731851 c:SharePremium 2024-04-30 10731851 c:SharePremium 2023-04-30 10731851 c:RetainedEarningsAccumulatedLosses 2024-04-30 10731851 c:RetainedEarningsAccumulatedLosses 2023-04-30 10731851 d:OrdinaryShareClass1 2023-05-01 2024-04-30 10731851 d:OrdinaryShareClass1 2024-04-30 10731851 d:OrdinaryShareClass1 2023-04-30 10731851 d:OrdinaryShareClass2 2023-05-01 2024-04-30 10731851 d:OrdinaryShareClass2 2024-04-30 10731851 d:OrdinaryShareClass2 2023-04-30 10731851 d:FRS102 2023-05-01 2024-04-30 10731851 d:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10731851 d:FullAccounts 2023-05-01 2024-04-30 10731851 d:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10731851 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10731851









THECAREROOMS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
THECAREROOMS LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THECAREROOMS LTD
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of THECAREROOMS LTD for the year ended 30 April 2024 which comprise  the Balance Sheet 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 THECAREROOMS LTD, as a body, in accordance with the terms of our engagement letter dated 4 September 2021Our work has been undertaken solely to prepare for your approval the financial statements of THECAREROOMS LTD and state those matters that we have agreed to state to the Board of Directors of THECAREROOMS 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 THECAREROOMS LTD and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that THECAREROOMS 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 THECAREROOMS LTD. You consider that THECAREROOMS LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of THECAREROOMS 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.

  



The Woodstock Accountancy Practice Limited
3a Market Place
Woodstock
OX20 1SY
26 February 2025
Page 1

 
THECAREROOMS LTD
REGISTERED NUMBER: 10731851

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
55,500
55,500

Tangible assets
 5 
409
948

  
55,909
56,448

Current assets
  

Debtors: amounts falling due within one year
 6 
2,748
5,842

Cash at bank and in hand
 7 
2,730
2,540

  
5,478
8,382

Creditors: amounts falling due within one year
 8 
(155,026)
(138,046)

Net current liabilities
  
 
 
(149,548)
 
 
(129,664)

Total assets less current liabilities
  
(93,639)
(73,216)

  

Net liabilities
  
(93,639)
(73,216)


Capital and reserves
  

Called up share capital 
 9 
142
138

Share premium account
  
2,192,117
1,982,121

Profit and loss account
  
(2,285,898)
(2,055,475)

  
(93,639)
(73,216)


Page 2

 
THECAREROOMS LTD
REGISTERED NUMBER: 10731851
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 on 26 February 2025.




P Gaudin
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
THECAREROOMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

TheCarerooms Limited, company registration number; 10731851, a private limited company limited by share capital, incorporated in England.
Regsitered office address; 60 Gracechurch Street, Gracechurch Street, London, England, EC3V 0HR.
The principal activity of the company is that of other accommodation.

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 Directors consider that in preparing the financial statements they have taken into account all information available, including share capital investment received after the balance sheet date as disclosed in note 14.
 On this basis the financial statements are prepared 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 4

 
THECAREROOMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
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.

 
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

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

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.

Page 5

 
THECAREROOMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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:

Office equipment
-
Effective life of 3 years

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.

 
2.9

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.

 
2.10

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.

 
2.11

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

2024
2023
£
£

Wages and salaries
153,847
151,215

Social security costs
9,237
9,588

Cost of defined contribution scheme
3,447
3,367

166,531
164,170


The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 6

 
THECAREROOMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Development expenditure

£



Cost


At 1 May 2023
55,500



At 30 April 2024

55,500






Net book value



At 30 April 2024
55,500



At 30 April 2023
55,500



Page 7

 
THECAREROOMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 May 2023
14,144


Additions
108



At 30 April 2024

14,252



Depreciation


At 1 May 2023
13,196


Charge for the year on owned assets
647



At 30 April 2024

13,843



Net book value



At 30 April 2024
409



At 30 April 2023
948

Page 8

 
THECAREROOMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Trade debtors
-
2,352

Other debtors
870
1,612

Prepayments and accrued income
1,878
1,878

2,748
5,842



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,730
2,540

2,730
2,540



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,422
12,961

Other taxation and social security
1,994
-

Other creditors
66,690
58,165

Accruals and deferred income
80,920
66,920

155,026
138,046



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



13,764,091 (2023 - 13,350,000) Ordinary A shares of £0.000010 each
138
134
421,000 (2023 - 421,000) Ordinary B shares of £0.000010 each
4
4

142

138


Page 9

 
THECAREROOMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.Share capital (continued)

During the year, the following shares were issued;
130,265 shares were issued on 5 December 2024 at £0.46 per share
226,830 shares were issued on 5 December 2024 at £0.44 per share
56,996  shares were issued on 28 March 2024 at £0.44 per share


10.


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 £3,447 (2023 - £3,367) . Contributions totalling £686 (2023 - £665) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

The directors' of the company, E Gaudin and P Gaudin, has advanced funds to the company, interest free and unsecured. Details of the balance are set out below and disclosed within Other Creditors; Amounts falling due within one year.


2024
2023
£
£

E Gaudin
1,901
-
P Gaudin
50,000
50,000
51,901
50,000


12.


Post balance sheet events

Subsequent to the year end, the company received £100,000 in investment.
 
Page 10