Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-3162024-01-01falseNo description of principal activity8truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13589785 2024-01-01 2024-12-31 13589785 2023-01-01 2023-12-31 13589785 2024-12-31 13589785 2023-12-31 13589785 1 2024-01-01 2024-12-31 13589785 d:Director3 2024-01-01 2024-12-31 13589785 d:RegisteredOffice 2024-01-01 2024-12-31 13589785 c:CurrentFinancialInstruments 2024-12-31 13589785 c:CurrentFinancialInstruments 2023-12-31 13589785 c:Non-currentFinancialInstruments 2024-12-31 13589785 c:Non-currentFinancialInstruments 2023-12-31 13589785 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 13589785 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 13589785 c:ShareCapital 2024-12-31 13589785 c:ShareCapital 2023-12-31 13589785 c:RetainedEarningsAccumulatedLosses 2024-12-31 13589785 c:RetainedEarningsAccumulatedLosses 2023-12-31 13589785 d:FRS102 2024-01-01 2024-12-31 13589785 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13589785 d:FullAccounts 2024-01-01 2024-12-31 13589785 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13589785 c:WithinOneYear 2024-12-31 13589785 c:WithinOneYear 2023-12-31 13589785 c:BetweenOneFiveYears 2024-12-31 13589785 c:BetweenOneFiveYears 2023-12-31 13589785 2 2024-01-01 2024-12-31 13589785 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 13589785 (England and Wales)














CHERRY VENTURES ADVISORS UK LTD
UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


 
CHERRY VENTURES ADVISORS UK LTD
 

 
COMPANY INFORMATION


Director
D D Mahtani 




Registered number
13589785



Registered office
50-51 Wells Street
2nd Floor

London

United Kingdom

W1T 3PP




Accountants
ZEDRA Corporate Reporting Services (UK) Limited






 
CHERRY VENTURES ADVISORS UK LTD
 


CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 6



 
CHERRY VENTURES ADVISORS UK LTD
REGISTERED NUMBER:13589785


BALANCE SHEET
AS AT 31 DECEMBER 2024

As restated
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due after more than one year
 3 
35,000
35,000

Debtors: amounts falling due within one year
 3 
449,187
288,221

Cash at bank and in hand
  
32,935
111,951

  
517,122
435,172

Creditors: amounts falling due within one year
 4 
(151,215)
(118,448)

Net current assets
  
 
 
365,907
 
 
316,724

Total assets less current liabilities
  
365,907
316,724

  

Net assets
  
365,907
316,724

Page 1


 
CHERRY VENTURES ADVISORS UK LTD
REGISTERED NUMBER:13589785

    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

As restated
2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
365,906
316,723

  
365,907
316,724


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 by: 




D D Mahtani
Director

Date: 12 March 2025

Page 2


 
CHERRY VENTURES ADVISORS UK LTD
 

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

1.Accounting policies

 
1.1

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 Company's functional and presentational currency is Pounds Sterling (GBP).

The following principal accounting policies have been applied:

 
1.2

Going concern

The Company is in a net asset position supported by amounts owed by group undertakings. Despite this postition, due to the Company's business model being solely a transfer pricing arrangement with the parent company, Cherry Ventures Management GmbH, it is reliant upon the continued support of that company in order to remain a going concern.
The Company has received written confirmation from Cherry Ventures Management GmbH that it will continue to provide financial support to the Company for a period of at least 12 months from the date of signing these financial statements. For this reason, the director continues to adopt the going concern basis in preparing the financial statements.

 
1.3

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover is recognised on a cost plus 7.5% basis, in line with the intercompany service agreement with the parent company. Intercompany turnover is recognised 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 intercompany service agreement;
the costs incurred under the intercompany service agreement can be measured reliably.

 
1.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
1.5

Interest income

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


Page 3


 
CHERRY VENTURES ADVISORS UK LTD
 

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

1.Accounting policies (continued)

 
1.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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.

 
1.7

Debtors

Short term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at amortised cost using the effective interest method, less any impairment.

 
1.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

  
1.9

Creditors

Short term creditors are measured at the transaction price and subsequently amortised cost using the effective interest method.


2.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 6).

Page 4


 
CHERRY VENTURES ADVISORS UK LTD
 

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

3.


Debtors

As restated
2024
2023
£
£

Due after more than one year

Other debtors
35,000
35,000

35,000
35,000


Other debtors in the comparative figufres have been reanalysed to better reflect the nature of the receivable balance. Other debtors falling due after more than one year comprise of rental deposit of £35,000. The lease is due to expire on 30 June 2026. 

As restated
2024
2023
£
£

Due within one year

Amounts owed by group undertakings
358,236
242,436

Other debtors
41,577
21,314

Called up share capital not paid
1
1

Prepayments and accrued income
49,373
24,470

449,187
288,221



4.


Creditors: Amounts falling due within one year

As restated
2024
2023
£
£

Trade creditors
24,912
19,354

Corporation tax
72,316
29,200

Other taxation and social security
36,174
30,541

Other creditors
5,309
4,390

Accruals and deferred income
12,504
34,963

151,215
118,448


Other creditors in the comparative figures with a value of £30,541 have been split out in other taxation and social security to better reflect the nature of the account. 

Page 5


 
CHERRY VENTURES ADVISORS UK LTD
 

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

5.


Commitments under operating leases

At 31 December 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 one year
225,297
217,678

Later than one year and not later than five years
116,415
341,712

341,712
559,390


6.


Controlling party

Cherry Ventures Management GmbH is the parent company of the smallest group for which the financial statements are drawn up which the Company is a member. The registered office of the parent company is: Linienstrasse 214, Berlin, 10119, Germany.


7.


Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date that these financial statements were signed. 

 
Page 6