Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31truetrue2024-01-01falseFund management activities33The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13086820 2024-01-01 2024-12-31 13086820 2023-01-01 2023-12-31 13086820 2024-12-31 13086820 2023-12-31 13086820 c:Director2 2024-01-01 2024-12-31 13086820 d:FurnitureFittings 2024-01-01 2024-12-31 13086820 d:FurnitureFittings 2024-12-31 13086820 d:FurnitureFittings 2023-12-31 13086820 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13086820 d:ComputerEquipment 2024-01-01 2024-12-31 13086820 d:ComputerEquipment 2024-12-31 13086820 d:ComputerEquipment 2023-12-31 13086820 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13086820 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13086820 d:CurrentFinancialInstruments 2024-12-31 13086820 d:CurrentFinancialInstruments 2023-12-31 13086820 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13086820 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13086820 d:ShareCapital 2024-12-31 13086820 d:ShareCapital 2023-12-31 13086820 d:RetainedEarningsAccumulatedLosses 2024-12-31 13086820 d:RetainedEarningsAccumulatedLosses 2023-12-31 13086820 c:FRS102 2024-01-01 2024-12-31 13086820 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13086820 c:FullAccounts 2024-01-01 2024-12-31 13086820 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13086820 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 13086820









FORMA ADVISORY SERVICES UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
FORMA ADVISORY SERVICES UK LIMITED
REGISTERED NUMBER: 13086820

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,184
597

  
1,184
597

Current assets
  

Debtors: amounts falling due within one year
 5 
103,685
69,099

Cash at bank and in hand
 6 
168,814
189,523

  
272,499
258,622

Creditors: amounts falling due within one year
 7 
(151,375)
(143,347)

Net current assets
  
 
 
121,124
 
 
115,275

Total assets less current liabilities
  
122,308
115,872

  

Net assets
  
122,308
115,872


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
122,307
115,871

  
122,308
115,872

Page 1

 
FORMA ADVISORY SERVICES UK LIMITED
REGISTERED NUMBER: 13086820
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 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: 




C J Taylor
Director

Date: 25 April 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
FORMA ADVISORY SERVICES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Forma Advisory Services UK Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is 91 Wimpole Street, London, W1G 0EF.
The financial statements are presented in Sterling, which is the functional currency of the company.

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

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.

 
2.3

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.

Page 3

 
FORMA ADVISORY SERVICES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

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.

 
2.6

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:

Fixtures and fittings
-
Over 3 years
Computer equipment
-
Over 3 years

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.

 
2.7

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 4

 
FORMA ADVISORY SERVICES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.


3.


Employees

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


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
160
1,902
2,062


Additions
-
1,082
1,082



At 31 December 2024

160
2,984
3,144



Depreciation


At 1 January 2024
35
1,429
1,464


Charge for the year on owned assets
54
442
496



At 31 December 2024

89
1,871
1,960



Net book value



At 31 December 2024
71
1,113
1,184



At 31 December 2023
125
472
597

Page 5

 
FORMA ADVISORY SERVICES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
102,834
67,247

Other debtors
850
1,781

Called up share capital not paid
1
1

Prepayments and accrued income
-
70

103,685
69,099



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
168,814
189,523

168,814
189,523



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
1,372
13,628

Other taxation and social security
55,801
70,604

Accruals and deferred income
94,202
59,115

151,375
143,347


 
Page 6