Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31false2falsetrue2024-01-01that of a holding company2true 06455732 2024-01-01 2024-12-31 06455732 2023-01-01 2023-12-31 06455732 2024-12-31 06455732 2023-12-31 06455732 c:Director2 2024-01-01 2024-12-31 06455732 d:CurrentFinancialInstruments 2024-12-31 06455732 d:CurrentFinancialInstruments 2023-12-31 06455732 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 06455732 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06455732 d:ShareCapital 2024-12-31 06455732 d:ShareCapital 2023-12-31 06455732 d:CapitalRedemptionReserve 2024-12-31 06455732 d:CapitalRedemptionReserve 2023-12-31 06455732 d:RetainedEarningsAccumulatedLosses 2024-12-31 06455732 d:RetainedEarningsAccumulatedLosses 2023-12-31 06455732 c:FRS102 2024-01-01 2024-12-31 06455732 c:Audited 2024-01-01 2024-12-31 06455732 c:FullAccounts 2024-01-01 2024-12-31 06455732 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06455732 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06455732 6 2024-01-01 2024-12-31 06455732 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company Registration Number 06455732























CARING TECHNOLOGY LIMITED





FINANCIAL STATEMENTS





 31 DECEMBER 2024

























img0878.png

 
CARING TECHNOLOGY LIMITED
REGISTERED NUMBER: 06455732

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
3,028,748
3,028,748

  
3,028,748
3,028,748

Current assets
  

Cash at bank and in hand
  
426,319
3,599

  
426,319
3,599

Creditors: amounts falling due within one year
 5 
(6,219)
-

Net current assets
  
 
 
420,100
 
 
3,599

Total assets less current liabilities
  
3,448,848
3,032,347

  

Net assets
  
3,448,848
3,032,347


Capital and reserves
  

Called up share capital 
  
45,000
45,000

Capital redemption reserve
  
55,000
55,000

Profit and loss account
  
3,348,848
2,932,347

  
3,448,848
3,032,347


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 by: 




................................................
Mr P Koose
Director

Date: 31 March 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
CARING TECHNOLOGY LIMITED
 

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

1.


General information

Caring Technology Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The company's registered office is Hinde House 26 Elswick East Terrace, Newcastle Upon Tyne, Tyne and Wear, NE4 7JL.
The financial statements are presented in sterling which is the functional currency of the company.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

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 reporting date in the countries where the Company operates and generates income.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

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.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
CARING TECHNOLOGY LIMITED
 

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

2.Accounting policies (continued)

 
2.6

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 2 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
3,028,748



At 31 December 2024
3,028,748




The investment is the cost of 100% of the issued shares of Specialist Alarm Services Limited (company number 01550516).


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
219
-

Accruals and deferred income
6,000
-

6,219
-



6.


Controlling party

The immediate parent undertaking is Sorb Industri AB, a company registered in Sweden. The ultimate parent undertaking is Carl Bennet AB, a company registered in Sweden. The ultimate controlling party is Carl Bennet.

Page 3

 
CARING TECHNOLOGY LIMITED
 

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

7.


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 Michael Morris (Senior statutory auditor) on behalf of Armstrong Watson Audit Limited.


Page 4