Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false62024-01-01No description of principal activity8truefalse 06759695 2024-01-01 2024-12-31 06759695 2023-01-01 2023-12-31 06759695 2024-12-31 06759695 2023-12-31 06759695 2023-01-01 06759695 c:Director1 2024-01-01 2024-12-31 06759695 d:MotorVehicles 2024-01-01 2024-12-31 06759695 d:MotorVehicles 2024-12-31 06759695 d:MotorVehicles 2023-12-31 06759695 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06759695 d:FurnitureFittings 2024-01-01 2024-12-31 06759695 d:FurnitureFittings 2024-12-31 06759695 d:FurnitureFittings 2023-12-31 06759695 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06759695 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06759695 d:ComputerSoftware 2024-12-31 06759695 d:ComputerSoftware 2023-12-31 06759695 d:CurrentFinancialInstruments 2024-12-31 06759695 d:CurrentFinancialInstruments 2023-12-31 06759695 d:Non-currentFinancialInstruments 2024-12-31 06759695 d:Non-currentFinancialInstruments 2023-12-31 06759695 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 06759695 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06759695 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 06759695 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06759695 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 06759695 d:RetainedEarningsAccumulatedLosses 2024-12-31 06759695 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 06759695 d:RetainedEarningsAccumulatedLosses 2023-12-31 06759695 d:RetainedEarningsAccumulatedLosses 2023-01-01 06759695 c:FRS102 2024-01-01 2024-12-31 06759695 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06759695 c:FullAccounts 2024-01-01 2024-12-31 06759695 c:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 06759695 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 06759695 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 06759695 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 06759695 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 06759695 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 06759695 2 2024-01-01 2024-12-31 06759695 d:ComputerSoftware d:OwnedIntangibleAssets 2024-01-01 2024-12-31 06759695 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 06759695






INTERNATIONAL ASSOCIATION OF ACCOUNTING PROFESSIONALS

(A Company Limited by Guarantee)
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024

 
INTERNATIONAL ASSOCIATION OF ACCOUNTING PROFESSIONALS
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 06759695

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
422,541
395,500

Tangible assets
 6 
90,512
4,682

  
513,053
400,182

Current assets
  

Debtors: amounts falling due within one year
 7 
206,556
280,974

Cash at bank and in hand
 8 
1,019
7,362

  
207,575
288,336

Creditors: amounts falling due within one year
 9 
(212,177)
(257,456)

Net current (liabilities)/assets
  
 
 
(4,602)
 
 
30,880

Total assets less current liabilities
  
508,451
431,062

Creditors: amounts falling due after more than one year
  
(64,627)
-

  

Net assets
  
443,824
431,062


Capital and reserves
  

Profit and loss account
  
443,824
431,062

  
443,824
431,062


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.

Page 1

 
INTERNATIONAL ASSOCIATION OF ACCOUNTING PROFESSIONALS
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 06759695
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

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 16 April 2025.




S Grant
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 2

 
INTERNATIONAL ASSOCIATION OF ACCOUNTING PROFESSIONALS
 
(A Company Limited by Guarantee)
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Profit and loss account
Total equity

£
£


At 1 January 2023
375,861
375,861


Comprehensive income for the year

Profit for the year
55,201
55,201
Total comprehensive income for the year
55,201
55,201


Total transactions with owners
-
-



At 1 January 2024
431,062
431,062


Comprehensive income for the year

Profit for the year
12,762
12,762
Total comprehensive income for the year
12,762
12,762


Total transactions with owners
-
-


At 31 December 2024
443,824
443,824


The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
INTERNATIONAL ASSOCIATION OF ACCOUNTING PROFESSIONALS

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The company is a private company limited by guarantee, registred in England and Wales. The address of the registered office is 110 Bishopsgate, London, EC2N 4AY.

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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 4

 
INTERNATIONAL ASSOCIATION OF ACCOUNTING PROFESSIONALS

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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.


 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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 5

 
INTERNATIONAL ASSOCIATION OF ACCOUNTING PROFESSIONALS

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.9
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:

Motor vehicles
-
Fixtures and fittings and equipment
-
20%

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.

 
2.10

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.

 
2.11

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.

 
2.12

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 6

 
INTERNATIONAL ASSOCIATION OF ACCOUNTING PROFESSIONALS

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Prepayments & Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end. 


4.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 6).

Page 7

 
INTERNATIONAL ASSOCIATION OF ACCOUNTING PROFESSIONALS

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Intangible assets




Computer software

£



Cost


At 1 January 2024
430,254


Additions
76,712



At 31 December 2024

506,966



Amortisation


At 1 January 2024
34,754


Charge for the year on owned assets
49,671



At 31 December 2024

84,425



Net book value



At 31 December 2024
422,541



At 31 December 2023
395,500



Page 8

 
INTERNATIONAL ASSOCIATION OF ACCOUNTING PROFESSIONALS

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Tangible fixed assets





Motor vehicles
Fixtures and fittings and equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
-
7,204
7,204


Additions
95,205
-
95,205



At 31 December 2024

95,205
7,204
102,409



Depreciation


At 1 January 2024
-
2,522
2,522


Charge for the year on owned assets
7,934
1,441
9,375



At 31 December 2024

7,934
3,963
11,897



Net book value



At 31 December 2024
87,271
3,241
90,512



At 31 December 2023
-
4,682
4,682


7.


Debtors

2024
2023
£
£


Trade debtors
7,860
15,755

Amounts owed by group undertakings
2,217
2,097

Amounts owed by joint ventures and associated undertakings
170,441
249,992

Other debtors
26,038
3,887

Prepayments and accrued income
-
9,243

206,556
280,974


Page 9

 
INTERNATIONAL ASSOCIATION OF ACCOUNTING PROFESSIONALS

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,019
7,362

1,019
7,362



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
18,002
9,663

Amounts owed to group undertakings
55,184
-

Corporation tax
-
14,839

Other taxation and social security
21,200
11,015

Obligations under finance lease and hire purchase contracts
16,502
-

Other creditors
96,489
38,439

Accruals and deferred income
4,800
183,500

212,177
257,456



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
64,627
-

64,627
-


Page 10

 
INTERNATIONAL ASSOCIATION OF ACCOUNTING PROFESSIONALS

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
16,502
-

Between 1-5 years
64,627
-

81,129
-



12.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £13,470 (2023 - £3,977). Contributions totalling £1,305 (2023 - £995) were payable to the fund at the reporting date and are included in creditors.

 
Page 11