Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-3132024-01-01falseMarket research and public opinion polling4truetruefalse 11273289 2024-01-01 2024-12-31 11273289 2023-01-01 2023-12-31 11273289 2024-12-31 11273289 2023-12-31 11273289 2023-01-01 11273289 c:Director1 2024-01-01 2024-12-31 11273289 d:ComputerEquipment 2024-01-01 2024-12-31 11273289 d:ComputerEquipment 2024-12-31 11273289 d:ComputerEquipment 2023-12-31 11273289 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11273289 d:CurrentFinancialInstruments 2024-12-31 11273289 d:CurrentFinancialInstruments 2023-12-31 11273289 d:Non-currentFinancialInstruments 2024-12-31 11273289 d:Non-currentFinancialInstruments 2023-12-31 11273289 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11273289 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11273289 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 11273289 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11273289 d:ShareCapital 2024-12-31 11273289 d:ShareCapital 2023-12-31 11273289 d:RetainedEarningsAccumulatedLosses 2024-12-31 11273289 d:RetainedEarningsAccumulatedLosses 2023-12-31 11273289 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 11273289 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 11273289 c:OrdinaryShareClass1 2024-01-01 2024-12-31 11273289 c:OrdinaryShareClass1 2024-12-31 11273289 c:OrdinaryShareClass1 2023-12-31 11273289 c:FRS102 2024-01-01 2024-12-31 11273289 c:Audited 2024-01-01 2024-12-31 11273289 c:FullAccounts 2024-01-01 2024-12-31 11273289 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11273289 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11273289 4 2024-01-01 2024-12-31 11273289 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 11273289














 
 
 
 
TESTINGTIME INTERNATIONAL LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
TESTINGTIME INTERNATIONAL LTD
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 7


 
TESTINGTIME INTERNATIONAL LTD
REGISTERED NUMBER:11273289

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors
 5 
100
50,163

Cash at bank and in hand
  
-
37,175

Current liabilities
  

Creditors: amounts falling due within one year
 6 
-
(8,009)

Net current assets
  
100
79,329

Creditors: amounts falling due after more than one year
 7 
-
(115,948)

  

Net assets/(liabilities)
  
100
(36,619)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
-
(36,719)

  
100
(36,619)


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 March 2025.




D Lieber
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
TESTINGTIME INTERNATIONAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Testingtime International Ltd is a private company, limited by shares, registered in England and Wales with its registered office address at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the Company is that of market research and public opinion polling. 
The company's functional and presentational currency is £ sterling.

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

Financial statements prepared on a basis other than going concern

On 31 December 2024 the Company ceased to trade and the assets and liabilities were sold to a sister company (see note 5). The director intends to liquidate the Company and the financial statements have therefore been prepared on a break-up basis. The financial statements do not include any provision for the future cost of liquidating the Company except to the extent that such were committed to at the reporting date.

 
2.3

Turnover

Turnover represents the value of all services delivered during the year, exclusive of Value Added Tax. Sales are recognised at the point at which the Company has fulfilled its contractual obligations to the customer and revenue can be reliably measured.

 
2.4

Foreign currency translation

The Company's functional and presentational currency is £ sterling.
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.
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.

Page 2

 
TESTINGTIME INTERNATIONAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Pensions

The Company contributes to 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.

 
2.6

Current and deferred taxation

The tax expense for the year comprises of current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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:
a) 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
b) 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date

 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

 
2.8

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.

Page 3

 
TESTINGTIME INTERNATIONAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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 profit or loss.

 
2.9

Debtors

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

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.11

Creditors

Short term creditors are measured at the transaction price.

 
2.12

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, and loans from related parties.



3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 3).

Page 4

 
TESTINGTIME INTERNATIONAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Computer equipment

£



Cost


Additions
1,832


Disposals
(1,832)



At 31 December 2024

-





Charge for the year on owned assets
305


Disposals
(305)



At 31 December 2024

-



Net book value



At 31 December 2024
-



At 31 December 2023
-


5.


Debtors

2024
2023
£
£


Trade debtors
-
37,797

Other debtors
-
53

Called up share capital not paid
100
100

Prepayments and accrued income
-
125

Deferred taxation
-
12,088

100
50,163


Page 5

 
TESTINGTIME INTERNATIONAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
1,281

Other creditors
-
522

Accruals and deferred income
-
6,206

-
8,009



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
-
115,948



8.


Deferred taxation




2024
2023


£

£






At beginning of year
12,088
9,558


(Released)/charged to profit or loss
(12,088)
2,530



At end of year
-
12,088

The deferred tax asset is made up as follows:

2024
2023
£
£


Tax losses carried forward
-
12,088

-
12,088


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100


Page 6

 
TESTINGTIME INTERNATIONAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Controlling party

The Company's immediate parent entity is TestingTime AG, an entity registered in Switzerland.
The ultimate parent undertaking is Nemas Holdco AS, an entity registered in Norway. It is the smallest group to prepare consolidated financial statements that include the results and balances of the Company. Copies of the consolidated financial statements can be obtained on request from the directors.


11.


Auditors' information

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

In their report, the auditors emphasised the following matter without qualifying their report:

Emphasis of matter - financial statements prepared on a basis other than going concern
We draw attention to note 2.2 in the financial statements, which explains that the director intends to liquidate the company and therefore does not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in note 2.2.

The audit report was signed on 28 March 2025 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 7