Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-08-01false32truetruefalse 09667097 2023-08-01 2024-07-31 09667097 2022-08-01 2023-07-31 09667097 2024-07-31 09667097 2023-07-31 09667097 c:Director1 2023-08-01 2024-07-31 09667097 d:MotorVehicles 2023-08-01 2024-07-31 09667097 d:MotorVehicles 2024-07-31 09667097 d:MotorVehicles 2023-07-31 09667097 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 09667097 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 09667097 d:ComputerEquipment 2023-08-01 2024-07-31 09667097 d:ComputerEquipment 2024-07-31 09667097 d:ComputerEquipment 2023-07-31 09667097 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 09667097 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 09667097 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 09667097 d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 09667097 d:CurrentFinancialInstruments 2024-07-31 09667097 d:CurrentFinancialInstruments 2023-07-31 09667097 d:Non-currentFinancialInstruments 2024-07-31 09667097 d:Non-currentFinancialInstruments 2023-07-31 09667097 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 09667097 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 09667097 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 09667097 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 09667097 d:ShareCapital 2024-07-31 09667097 d:ShareCapital 2023-07-31 09667097 d:RetainedEarningsAccumulatedLosses 2024-07-31 09667097 d:RetainedEarningsAccumulatedLosses 2023-07-31 09667097 c:OrdinaryShareClass1 2023-08-01 2024-07-31 09667097 c:OrdinaryShareClass1 2024-07-31 09667097 c:OrdinaryShareClass1 2023-07-31 09667097 c:OrdinaryShareClass2 2023-08-01 2024-07-31 09667097 c:OrdinaryShareClass2 2024-07-31 09667097 c:OrdinaryShareClass2 2023-07-31 09667097 c:FRS102 2023-08-01 2024-07-31 09667097 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09667097 c:FullAccounts 2023-08-01 2024-07-31 09667097 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09667097 6 2023-08-01 2024-07-31 09667097 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 09667097 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 09667097 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09667097














RODI PARTNERS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
RODI PARTNERS LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
RODI PARTNERS LIMITED
REGISTERED NUMBER:09667097

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
26,086
36,313

Investments
 6 
15,000
15,000

  
41,086
51,313

Current assets
  

Debtors: amounts falling due within one year
 7 
17,509
19,995

Cash at bank and in hand
 8 
254,096
178,285

  
271,605
198,280

Creditors: amounts falling due within one year
 9 
(71,676)
(26,314)

Net current assets
  
 
 
199,929
 
 
171,966

Total assets less current liabilities
  
241,015
223,279

Creditors: amounts falling due after more than one year
 10 
-
(27,321)

Provisions for liabilities
  

Deferred tax
 11 
(6,522)
(9,078)

  
 
 
(6,522)
 
 
(9,078)

Net assets
  
234,493
186,880


Capital and reserves
  

Called up share capital 
 12 
200
200

Profit and loss account
  
234,293
186,680

  
234,493
186,880


1

 
RODI PARTNERS LIMITED
REGISTERED NUMBER:09667097
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 profit and loss account 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 28 April 2025.




................................................
C M Donegan
Director

The notes on pages 3 to 8 form part of these financial statements.

2

 
RODI PARTNERS LIMITED

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

1.


General information

Rodi Partners Limited is a private company, limited by shares, registered in England and Wales, registration number 09667097
The address of the registered office is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continues to be that of management consultancy.

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.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

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.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of consultancy services supplied during the year, exclusive of Value Added Tax.

 
2.4

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
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.

3

 
RODI PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 balance sheet date.


 
2.7

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:

Motor vehicles
-
20%
straight line
Computer equipment
-
25%
straight line

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.

4

 
RODI PARTNERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

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 balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account 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 balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

 Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.10

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.11

 Creditors

Short-term creditors are measured at the transaction price. 

 
2.12

 Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.14

 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 3 (2023 - 2).

5

 
RODI PARTNERS LIMITED

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

4.


Dividends

2024
2023
£
£


Dividends paid
56,000
76,340


5.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost


At 1 August 2023
53,990
4,189
58,179


Additions
-
1,998
1,998


Disposals
-
(4,189)
(4,189)



At 31 July 2024

53,990
1,998
55,988



Depreciation


At 1 August 2023
18,897
2,969
21,866


Charge for the year on owned assets
-
593
593


Charge for the year on financed assets
10,798
-
10,798


Disposals
-
(3,355)
(3,355)



At 31 July 2024

29,695
207
29,902



Net book value



At 31 July 2024
24,295
1,791
26,086



At 31 July 2023
35,093
1,220
36,313

6

 
RODI PARTNERS LIMITED

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

6.


Fixed asset investments





Unlisted investments

£



Cost 


At 1 August 2023
15,000



At 31 July 2024
15,000





7.


Debtors

2024
2023
£
£


Trade debtors
229
9,900

Other debtors
4,348
3,572

Prepayments and accrued income
12,932
6,523

17,509
19,995



8.


Cash

2024
2023
£
£

Cash at bank and in hand
254,096
178,285



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
35,510
5,789

Other taxation and social security
4,776
10,493

Obligations under finance lease and hire purchase contracts
27,321
4,517

Accruals
4,069
5,515

71,676
26,314


7

 
RODI PARTNERS LIMITED

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

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
27,321



11.


Deferred taxation




2024


£






At beginning of year
(9,078)


Utilised in year
2,556



At end of year
(6,522)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(6,522)
(9,078)


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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

200

200

A and B ordinary shares rank pari passu in all respects.



13.


Related party transactions

As at the balance sheet date, the company was due £4,348 (2023 - £3,572) from the directors. This is an interest free loan, repayable on demand.
Dividends totalling £56,000 (2023 - £76,340) were paid to the directors during the year.

 
8