Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseNo description of principal activity1013falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10253253 2024-01-01 2024-12-31 10253253 2023-01-01 2023-12-31 10253253 2024-12-31 10253253 2023-12-31 10253253 c:Director1 2024-01-01 2024-12-31 10253253 c:RegisteredOffice 2024-01-01 2024-12-31 10253253 d:ComputerEquipment 2024-01-01 2024-12-31 10253253 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 10253253 d:OtherPropertyPlantEquipment 2024-12-31 10253253 d:OtherPropertyPlantEquipment 2023-12-31 10253253 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10253253 d:CurrentFinancialInstruments 2024-12-31 10253253 d:CurrentFinancialInstruments 2023-12-31 10253253 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10253253 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10253253 d:ShareCapital 2024-12-31 10253253 d:ShareCapital 2023-12-31 10253253 d:RetainedEarningsAccumulatedLosses 2024-12-31 10253253 d:RetainedEarningsAccumulatedLosses 2023-12-31 10253253 c:FRS102 2024-01-01 2024-12-31 10253253 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10253253 c:FullAccounts 2024-01-01 2024-12-31 10253253 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10253253 2 2024-01-01 2024-12-31 10253253 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 10253253


 
 
 
 
 
 
 
 
TRADEPOINT SYSTEMS UK LTD
FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 31 DECEMBER 2024

 
TRADEPOINT SYSTEMS UK LTD
 

COMPANY INFORMATION


Director
Eric Adelman 




Registered number
10253253



Registered office
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BL





 
TRADEPOINT SYSTEMS UK LTD
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 6


 
TRADEPOINT SYSTEMS UK LTD
REGISTERED NUMBER: 10253253

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
130,704
122,960

Current assets
  

Debtors
 5 
164,629
203,451

Cash at bank and in hand
  
278,186
218,586

  
442,815
422,037

Creditors: amounts falling due within one year
 6 
(106,552)
(139,122)

Net current assets
  
 
 
336,263
 
 
282,915

  

Net assets
  
466,967
405,875


Capital and reserves
  

Allotted, called up and fully paid share capital
  
73
73

Profit and loss account
  
466,894
405,802

Equity shareholder's funds
  
466,967
405,875


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 his 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 Director's Report and in the Statement of Income and Retained Earnings accordance with provisions applicable to companies subject to the small companies regime under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on  4 March 2025.




Eric Adelman
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
TRADEPOINT SYSTEMS UK LTD
 

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

1.


General information

Tradepoint Systems UK Ltd (registered number: 10253253), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL, is a private limited company incorporated in England and Wales.

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

Statement of Cash Flows

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is British Pound Sterling (GBP).

Balances

Non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.5

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

Page 2

 
TRADEPOINT SYSTEMS UK LTD
 

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

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings 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

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 the Statement of Income and Retained Earnings 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.

 
2.8

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.

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

 
2.9

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
-
20%
straight-line

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 the Statement of Income and Retained Earnings.

Page 3

 
TRADEPOINT SYSTEMS UK LTD
 

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

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.11

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.

 
2.12

Creditors

Short-term creditors are measured at the transaction price.

  
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors,
are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 13).

Page 4

 
TRADEPOINT SYSTEMS UK LTD
 

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

4.


Tangible fixed assets





Computer equipment

£



Cost 


At 1 January 2024
312,366


Additions
55,427



At 31 December 2024

367,793



Depreciation


At 1 January 2024
189,406


Charge for the year
47,683



At 31 December 2024

237,089



Net book value



At 31 December 2024
130,704



At 31 December 2023
122,960


5.


Debtors

2024
2023
£
£

Amounts due within one year

Amounts owed by group undertakings
160,831
192,262

Other debtors
395
7,277

Prepayments and accrued income
3,403
3,912

164,629
203,451


Page 5

 
TRADEPOINT SYSTEMS UK LTD
 

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

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
36,853
66,075

Other taxation and social security
53,528
57,480

Other creditors
13,421
12,967

Accruals and deferred income
2,750
2,600

106,552
139,122



7.


Pension commitments

The staff pensions expense represents contributions payable into independently-administered funds on the behalf of employees, and amounted to £48,107 (2023: £52,679). Of this, at the Balance Sheet date £13,421 (2023: £12,967) remained payable, and was included in other creditors.


8.


Related party transactions

The Company has taken advantage of Section 33.1A of FRS102 in not disclosing transactions between wholly-owned members of a group.


9.


Immediate and ultimate parent undertaking

At 31 December 2024 and 31 December 2023 the Company's immediate and ultimate parent undertaking as Tradepoint Systems LLC, a company incorporated in the United States of America.


Page 6