Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-01truefalsePublic affairs and strategic communications consultancy1411truefalse 13778348 2024-01-01 2024-12-31 13778348 2023-01-01 2023-12-31 13778348 2024-12-31 13778348 2023-12-31 13778348 1 2024-01-01 2024-12-31 13778348 d:Director1 2024-01-01 2024-12-31 13778348 d:Director2 2024-01-01 2024-12-31 13778348 c:OfficeEquipment 2024-01-01 2024-12-31 13778348 c:OfficeEquipment 2024-12-31 13778348 c:OfficeEquipment 2023-12-31 13778348 c:OfficeEquipment c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13778348 c:ComputerEquipment 2024-01-01 2024-12-31 13778348 c:ComputerEquipment 2024-12-31 13778348 c:ComputerEquipment 2023-12-31 13778348 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13778348 c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13778348 c:CurrentFinancialInstruments 2024-12-31 13778348 c:CurrentFinancialInstruments 2023-12-31 13778348 c:Non-currentFinancialInstruments 2024-12-31 13778348 c:Non-currentFinancialInstruments 2023-12-31 13778348 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 13778348 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 13778348 c:Non-currentFinancialInstruments c:AfterOneYear 2024-12-31 13778348 c:Non-currentFinancialInstruments c:AfterOneYear 2023-12-31 13778348 c:ShareCapital 2024-12-31 13778348 c:ShareCapital 2023-12-31 13778348 c:RetainedEarningsAccumulatedLosses 2024-12-31 13778348 c:RetainedEarningsAccumulatedLosses 2023-12-31 13778348 d:OrdinaryShareClass1 2024-01-01 2024-12-31 13778348 d:OrdinaryShareClass1 2024-12-31 13778348 d:OrdinaryShareClass1 2023-12-31 13778348 d:OrdinaryShareClass2 2024-01-01 2024-12-31 13778348 d:OrdinaryShareClass2 2024-12-31 13778348 d:OrdinaryShareClass2 2023-12-31 13778348 d:FRS102 2024-01-01 2024-12-31 13778348 d:Audited 2024-01-01 2024-12-31 13778348 d:FullAccounts 2024-01-01 2024-12-31 13778348 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13778348 c:PlantEquipmentOtherAssetsUnderOperatingLeases c:WithinOneYear 2024-12-31 13778348 c:PlantEquipmentOtherAssetsUnderOperatingLeases c:WithinOneYear 2023-12-31 13778348 c:PlantEquipmentOtherAssetsUnderOperatingLeases c:BetweenOneFiveYears 2024-12-31 13778348 c:PlantEquipmentOtherAssetsUnderOperatingLeases c:BetweenOneFiveYears 2023-12-31 13778348 d:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13778348 2 2024-01-01 2024-12-31 13778348 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13778348









RUD PEDERSEN UK LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
RUD PEDERSEN UK LIMITED
REGISTERED NUMBER: 13778348

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,935
8,722

  
6,935
8,722

Current assets
  

Debtors: amounts falling due after more than one year
 5 
32,960
-

Debtors: amounts falling due within one year
 5 
544,276
282,403

Cash at bank and in hand
  
378,812
32,966

  
956,048
315,369

Creditors: amounts falling due within one year
 6 
(759,557)
(236,730)

Net current assets
  
 
 
196,491
 
 
78,639

Total assets less current liabilities
  
203,426
87,361

Creditors: amounts falling due after more than one year
 7 
-
(79,426)

Provisions for liabilities
  

Deferred tax
  
(1,317)
(1,657)

  
 
 
(1,317)
 
 
(1,657)

Net assets
  
202,109
6,278


Capital and reserves
  

Called up share capital 
 8 
5,002
5,002

Profit and loss account
  
197,107
1,276

  
202,109
6,278


Page 1

 
RUD PEDERSEN UK LIMITED
REGISTERED NUMBER: 13778348
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

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 March 2025.




J M Aarons
M R Pedersen
Director
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
RUD PEDERSEN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Rud Pedersen UK Limited is a private company limited by shares and is incorporated in England and Wales. 
The principal activity of the company is that of public affairs and strategic communications consultancy.
The Registered Office is 3 Orchard Place, Victoria Street, London, United Kingdom, SW1H 0BF

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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 Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
RUD PEDERSEN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
RUD PEDERSEN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
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:

Office equipment
-
33%
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.

Page 5

 
RUD PEDERSEN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method. 
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Consolidated Statement of Comprehensive Income.
Investments in equity instruments are measured initially at fair value, which is normally the transaction price. Transaction costs are excluded if the investments are subsequently measured at fair value through the Consolidated Statement of Comprehensive Income. Subsequent to initial recognition investments that can be measured reliably are measured at fair value with changes recognised in the Consolidated Statement of Comprehensive Income. Other investments are measured at cost less impairment in the Consolidated Statement of Comprehensive Income.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

(iii) Offsetting
 
Page 6

 
RUD PEDERSEN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 11).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
431
23,554
23,985


Additions
846
8,465
9,311



At 31 December 2024

1,277
32,019
33,296



Depreciation


At 1 January 2024
287
14,976
15,263


Charge for the year on owned assets
425
10,673
11,098



At 31 December 2024

712
25,649
26,361



Net book value



At 31 December 2024
565
6,370
6,935



At 31 December 2023
144
8,578
8,722

Page 7

 
RUD PEDERSEN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
32,960
-

32,960
-


2024
2023
£
£

Due within one year

Trade debtors
470,957
64,159

Amounts owed by group undertakings
41,012
101,454

Other debtors
-
56,211

Prepayments and accrued income
32,307
60,579

544,276
282,403


Amounts owed to group undertakings are unsecured, interest free and repayable on demand.


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
38,975
49,952

Amounts owed to group undertakings
221,277
22,549

Corporation tax
173,342
69,282

Other taxation and social security
100,281
40,282

Other creditors
87,757
22,239

Accruals and deferred income
137,925
32,426

759,557
236,730


Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

Page 8

 
RUD PEDERSEN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
-
79,426

-
79,426



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



5,000 (2023 - 5,000) Ordinary A shares of £1.00 each
5,000
5,000
2 (2023 - 2) Ordinary B shares of £1.00 each
2
2

5,002

5,002



9.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. 
Contributions totaling £7,382 (2023: £5,178) were payable to the fund at the reporting date and are included in creditors


10.


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 1 year
193,920
114,848

Later than 1 year and not later than 5 years
131,840
-

Page 9

 
RUD PEDERSEN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Related party transactions

The company has taken advantage of the exemption conferred by Section 33.1A of Financial Reporting Standard 102: Related Party Disclosures, from the requirement to disclose transactions with other wholly-owned group undertakings.
At the year end a director was owed £80,375 by the Company. In 2023 the same director owed £21,099 to the Company. 


12.


Post balance sheet events

A dividend was proposed post year end for £80,000.


13.


Controlling party

The ultimate controlling party is Rud Pedersen Public Affairs Company AB registered in Sweden.


14.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 31 March 2025 by Myfanwy Neville (Senior statutory auditor) on behalf of BKL Audit LLP.

 
Page 10