Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-31false110860782024-12-310The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01false0true 11086078 2024-01-01 2024-12-31 11086078 2023-01-01 2023-12-31 11086078 2024-12-31 11086078 2023-12-31 11086078 1 2024-01-01 2024-12-31 11086078 d:Director1 2024-01-01 2024-12-31 11086078 c:CurrentFinancialInstruments 2024-12-31 11086078 c:CurrentFinancialInstruments 2023-12-31 11086078 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 11086078 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 11086078 c:ShareCapital 2024-12-31 11086078 c:ShareCapital 2023-12-31 11086078 c:RetainedEarningsAccumulatedLosses 2024-12-31 11086078 c:RetainedEarningsAccumulatedLosses 2023-12-31 11086078 d:OrdinaryShareClass1 2024-01-01 2024-12-31 11086078 d:OrdinaryShareClass1 2023-01-01 2023-12-31 11086078 d:OrdinaryShareClass1 2024-12-31 11086078 d:OrdinaryShareClass1 2023-12-31 11086078 d:FRS102 2024-01-01 2024-12-31 11086078 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11086078 d:FullAccounts 2024-01-01 2024-12-31 11086078 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11086078 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure



















Intechopen Limited

Registered number: 11086078
Information for filing with
Registrar
For the year ended 31 December 2024

 
 11086078
31 December 2024
INTECHOPEN LIMITED
REGISTERED NUMBER: 11086078

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Cash and cash equivalents
  
15,658
52,930

  
15,658
52,930

Creditors: amounts falling due within one year
 4 
(190,109)
(217,120)

Net current liabilities
  
 
 
(174,451)
 
 
(164,190)

Total assets less current liabilities
  
(174,451)
(164,190)

  

Net liabilities
  
(174,451)
(164,190)


Capital and reserves
  

Called up share capital 
 5 
10,000
10,000

Profit and loss account
  
(184,451)
(174,190)

Total equity
  
(174,451)
(164,190)


The director considers 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 director acknowledges his 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: 

A Lazinica
Director

Date: 18 April 2025

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

- 1 -

 
 11086078
31 December 2024
INTECHOPEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Intechopen Limited (the 'Company') is a private company limited by shares incorporated in England and Wales. The Company's registered number is 11086078. The address of the Company's registered office is 167-169 Great Portland Street, 5th Floor, London, England, W1W 5PF. 
The principal activity of the Company during the year was to publish journals and books within the field of science. Additionally, the purpose of the entity is to maintain a UK brand image for the group.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the Company operates and are rounded to the nearest Pound.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company is deemed to be a going concern and therefore the accounts have been prepared on the going concern basis. The director and parent company will pay liabilities as they fall due and fulfil negative reserves through the continued provision of cash injections. On the basis of the above, the shareholders consider the Company to be a going concern for the foreseeable future.

  
2.3

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in normal course of business, net of discounts, VAT and other sales related taxes. Turnover is recognised over the service period when earned and realisable. This is therefore subject to a degree of judgement and estimation. Where the outcome of a transaction is unable to be estimated reliably, no profit is recognised.
Rendering of services
Turnover 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 turnover 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 -

 
 11086078
31 December 2024
INTECHOPEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentation 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.

All other foreign exchange gains and losses are presented in profit or loss within 'administrative expenses'.

 
2.5

Interest payable and similar expenses

Interest payable and similar expenses 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.

- 3 -

 
 11086078
31 December 2024
INTECHOPEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

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.

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.

 
2.7

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.

 
2.8

Creditors

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

- 4 -

 
 11086078
31 December 2024
INTECHOPEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

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 accounts receivable and payable.

Financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is identified, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. 
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and its recoverable amount, which is an estimate of the amount that the Company would receive for the asset if it were to be sold at the reporting date.
Financial liabilities
Basic financial liabilities, including trade and other payables 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 rate of interest.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an 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.


3.


Employees


There were no employees, other than the director of the Company who did not receive any remuneration for services provided to the Company (2023: nil).



- 5 -

 
 11086078
31 December 2024
INTECHOPEN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
181,164
208,935

Accruals and deferred income
8,945
8,185

190,109
217,120


During the year, an amount of £29,814 within amounts owed to group undertakings which was unsecured, interest bearing at 3% and had no fixed repayment date was settled. The remaining balance within amounts owed to group undertakings is unsecured, interest free and has no fixed repayment date.


5.


Called up share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 (2023: 10,000) ordinary shares of £1 each
10,000
10,000


The Company has one class of ordinary shares; each share carries one voting right per share but no right to fixed income. 



6.


Related party transactions

The Company has taken advantage of the exemption from disclosing related party transactions undertaken between wholly owned members of the group that have been concluded under normal market conditions. 


7.


Post balance sheet events

There have been no significant events affecting the Company since the year end.


8.


Controlling party

The immediate parent company is Intech D.O.O., a company incorporated and registered in Croatia.
The ultimate parent company is Prosperous-Invest D.O.O. by virtue of its majority shareholding in Intech D.O.O. The directors consider Aleksandar Lazinica, Josko Milisa and Luka Oreskovic to be the ultimate controlling parties. 

- 6 -