Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falsefalse2023-05-01falsePrincipal activity of the company is that of a holding company22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11784697 2023-05-01 2024-04-30 11784697 2022-05-01 2023-04-30 11784697 2024-04-30 11784697 2023-04-30 11784697 c:Director1 2023-05-01 2024-04-30 11784697 d:CurrentFinancialInstruments 2024-04-30 11784697 d:CurrentFinancialInstruments 2023-04-30 11784697 d:Non-currentFinancialInstruments 2024-04-30 11784697 d:Non-currentFinancialInstruments 2023-04-30 11784697 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11784697 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11784697 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 11784697 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 11784697 d:ShareCapital 2024-04-30 11784697 d:ShareCapital 2023-04-30 11784697 d:RetainedEarningsAccumulatedLosses 2024-04-30 11784697 d:RetainedEarningsAccumulatedLosses 2023-04-30 11784697 c:FRS102 2023-05-01 2024-04-30 11784697 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11784697 c:FullAccounts 2023-05-01 2024-04-30 11784697 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11784697 2 2023-05-01 2024-04-30 11784697 6 2023-05-01 2024-04-30 11784697 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 11784697










RADASCHITZ HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
RADASCHITZ HOLDINGS LIMITED
REGISTERED NUMBER: 11784697

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
32,860
32,860

  
32,860
32,860

Current assets
  

Debtors: amounts falling due after more than one year
 5 
60,354
56,854

Debtors: amounts falling due within one year
 5 
450,476
643,908

Cash at bank and in hand
 6 
3,530
597

  
514,360
701,359

Creditors: amounts falling due within one year
 7 
(6,211)
(19,129)

Net current assets
  
 
 
508,149
 
 
682,230

Total assets less current liabilities
  
541,009
715,090

Creditors: amounts falling due after more than one year
 8 
(740,026)
(874,057)

  

Net liabilities
  
(199,017)
(158,967)


Capital and reserves
  

Called up share capital 
  
2,174
2,174

Profit and loss account
  
(201,191)
(161,141)

  
(199,017)
(158,967)


Page 1

 
RADASCHITZ HOLDINGS LIMITED
REGISTERED NUMBER: 11784697
    
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 profit and loss account 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 10 February 2025.



Bernd Radaschitz
Director

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

Page 2

 
RADASCHITZ HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The company is a private company limited by shares and is incorporated in England and Wales,  registration number 11784697. The address of its registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

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 Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
RADASCHITZ HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Page 4

 
RADASCHITZ HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees




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


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 May 2023
32,860



At 30 April 2024
32,860




Page 5

 
RADASCHITZ HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
60,354
56,854


2024
2023
£
£

Due within one year

Amounts owed by group undertakings
266,042
465,529

Other debtors
184,434
178,379

450,476
643,908



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,530
597

Less: bank overdrafts
-
(11)

3,530
586



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
11

Trade creditors
2,711
2,712

Corporation tax
3,500
16,406

6,211
19,129



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
740,026
874,057


Page 6

 
RADASCHITZ HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Related party transactions

The company has taken advantage of the exemption provided in FRS102 Section 1A from disclosing transactions with members of the same group that are wholly owned. 
Included in other debtors is an amount due from one of the director's of £183,434 (2023: £177,379). Interest of 2.25% pa has been charged on the outstanding amount and the balance is repayable on demand.

 
Page 7