Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31No description of principal activityfalse2024-01-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12945585 2024-01-01 2024-12-31 12945585 2023-01-01 2023-12-31 12945585 2024-12-31 12945585 2023-12-31 12945585 c:Director1 2024-01-01 2024-12-31 12945585 d:CurrentFinancialInstruments 2024-12-31 12945585 d:CurrentFinancialInstruments 2023-12-31 12945585 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12945585 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12945585 d:ShareCapital 2024-12-31 12945585 d:ShareCapital 2023-12-31 12945585 d:RetainedEarningsAccumulatedLosses 2024-12-31 12945585 d:RetainedEarningsAccumulatedLosses 2023-12-31 12945585 c:OrdinaryShareClass1 2024-01-01 2024-12-31 12945585 c:OrdinaryShareClass1 2024-12-31 12945585 c:OrdinaryShareClass1 2023-12-31 12945585 c:OrdinaryShareClass2 2024-01-01 2024-12-31 12945585 c:OrdinaryShareClass2 2024-12-31 12945585 c:OrdinaryShareClass2 2023-12-31 12945585 c:OrdinaryShareClass3 2024-01-01 2024-12-31 12945585 c:OrdinaryShareClass3 2024-12-31 12945585 c:OrdinaryShareClass3 2023-12-31 12945585 c:FRS102 2024-01-01 2024-12-31 12945585 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12945585 c:FullAccounts 2024-01-01 2024-12-31 12945585 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12945585 6 2024-01-01 2024-12-31 12945585 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12945585










R&F 2020 LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024



 
R&F 2020 LIMITED
REGISTERED NUMBER: 12945585

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Fixed asset investments
 4 
274,769
274,769

Current assets
  

Debtors: amounts falling due within one year
 5 
14,000
2,055

Cash at bank and in hand
 6 
-
995

  
14,000
3,050

Creditors: amounts falling due within one year
 7 
(28,948)
(22,200)

Net current liabilities
  
 
 
(14,948)
 
 
(19,150)

Total assets less current liabilities
  
259,821
255,619

  

Net assets
  
259,821
255,619


Capital and reserves
  

Called up share capital 
 8 
200
200

Profit and loss account
  
259,621
255,419

  
259,821
255,619


The directors consider 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 directors acknowledge their 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 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: 




T Watkins-Pitchford
Director

Date: 19 March 2025

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

Page 1

 
R&F 2020 LIMITED
 

 
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 following principal accounting policies have been applied:

 
1.2

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.

 
1.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.4

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.


 
1.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
1.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 2

 
R&F 2020 LIMITED
 

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

1.Accounting policies (continued)

 
1.7

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.

 
1.8

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.

 
1.9

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.


2.


General information

R&F 2020 Limited is a limited company incorporated in England and Wales. The company's registered office address is The Stables, Little Coldharbour Farm, Tong Lane, Lamberhurst, Tunbridge Wells, Kent, TN3 8AD.


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
274,769



At 31 December 2024
274,769




Page 3

 
R&F 2020 LIMITED
 

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

5.


Debtors

2024
2023
£
£


Other debtors
14,000
2,000

Prepayments and accrued income
-
55

14,000
2,055



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
995

Less: bank overdrafts
(1)
-



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
1
-

Trade creditors
-
473

Corporation tax
185
166

Directors' loan account
27,862
20,661

Accruals
900
900

28,948
22,200



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100
50 (2023 - 50) A Ordinary shares of £1.00 each
50
50
50 (2023 - 50) B Ordinary shares of £1.00 each
50
50

200

200



Page 4