Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31false2023-11-01No description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11642010 2023-11-01 2024-10-31 11642010 2022-11-01 2023-10-31 11642010 2024-10-31 11642010 2023-10-31 11642010 c:Director1 2023-11-01 2024-10-31 11642010 c:RegisteredOffice 2023-11-01 2024-10-31 11642010 d:ComputerEquipment 2023-11-01 2024-10-31 11642010 d:ComputerEquipment 2024-10-31 11642010 d:ComputerEquipment 2023-10-31 11642010 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 11642010 d:ComputerSoftware 2024-10-31 11642010 d:ComputerSoftware 2023-10-31 11642010 d:CurrentFinancialInstruments 2024-10-31 11642010 d:CurrentFinancialInstruments 2023-10-31 11642010 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 11642010 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11642010 d:ShareCapital 2024-10-31 11642010 d:ShareCapital 2023-10-31 11642010 d:RetainedEarningsAccumulatedLosses 2024-10-31 11642010 d:RetainedEarningsAccumulatedLosses 2023-10-31 11642010 c:OrdinaryShareClass1 2023-11-01 2024-10-31 11642010 c:OrdinaryShareClass1 2024-10-31 11642010 c:OrdinaryShareClass1 2023-10-31 11642010 c:FRS102 2023-11-01 2024-10-31 11642010 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11642010 c:FullAccounts 2023-11-01 2024-10-31 11642010 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11642010 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11642010









VERITAS SINE METU LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
VERITAS SINE METU LTD
 
 
COMPANY INFORMATION


Director
V Emslie 




Registered number
11642010



Registered office
71-75 Shelton Street
Covent Garden

London

WC2H 9JQ




Accountants
Ecovis Wingrave Yeats UK Limited
Chartered Accountants

3rd Floor, Waverley House

7-12 Noel Street

London

W1F 8GQ





 
VERITAS SINE METU LTD
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
VERITAS SINE METU LTD
REGISTERED NUMBER: 11642010

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 7 
767
314

  
767
314

Current assets
  

Debtors: amounts falling due within one year
 8 
10,000
5,063

Cash at bank and in hand
  
4,714
7,489

  
14,714
12,552

Creditors: amounts falling due within one year
 9 
(44,422)
(44,654)

Net current liabilities
  
 
 
(29,708)
 
 
(32,102)

Total assets less current liabilities
  
(28,941)
(31,788)

  

Net liabilities
  
(28,941)
(31,788)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(29,041)
(31,888)

  
(28,941)
(31,788)


Page 1

 
VERITAS SINE METU LTD
REGISTERED NUMBER: 11642010
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

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 her 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 comprehensive income 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 28 February 2025.




V Emslie
Director

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

Page 2

 
VERITAS SINE METU LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Veritas Sine Metu Limited is a private company, limited by shares, incorporated in England and Wales, registration number 11642010. The registered office is 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ.

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

Going concern

The director is committed to ensuring that the Company can meet its liabilities as and when they fall due for a period of at least 12 months from the date of approval of these financial statements. As a result, the director considers it appropriate that these financial statements are prepared on the 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

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.

Page 3

 
VERITAS SINE METU LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer 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.


Judgments in applying accounting policies and key sources of estimation uncertainty

Intangible fixed assets

Intangible fixed assets are amortised over their useful lives taking into account residual values, where appropriate. The actual lives of the assets are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values. 


4.


Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


5.


Taxation

The company has tax losses of £29,109 (2023 - £31,844) available to offset against future profits

Page 4

 
VERITAS SINE METU LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Intangible assets




Website development costs

£



Cost


At 1 November 2023
44,483



At 31 October 2024

44,483



Amortisation


At 1 November 2023
44,483



At 31 October 2024

44,483



Net book value



At 31 October 2024
-



At 31 October 2023
-



Page 5

 
VERITAS SINE METU LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 November 2023
1,334


Additions
840



At 31 October 2024

2,174



Depreciation


At 1 November 2023
1,020


Charge for the year on owned assets
387



At 31 October 2024

1,407



Net book value



At 31 October 2024
767



At 31 October 2023
314


8.


Debtors

2024
2023
£
£


Prepayments and accrued income
10,000
5,000

VAT recoverable
-
63

10,000
5,063


Page 6

 
VERITAS SINE METU LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
111
-

Other creditors
34,311
39,654

Accruals and deferred income
10,000
5,000

44,422
44,654



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

At the year end £34,311 was owed back to the director of the business (2023 - £39,732). This amount is unsecured, interest free and repayable on demand, and is included in other creditors. 

 
Page 7