Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-01No description of principal activityfalse13truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12828298 2023-04-01 2024-03-31 12828298 2022-04-01 2023-03-31 12828298 2024-03-31 12828298 2023-03-31 12828298 c:Director1 2023-04-01 2024-03-31 12828298 d:CurrentFinancialInstruments 2024-03-31 12828298 d:CurrentFinancialInstruments 2023-03-31 12828298 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12828298 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12828298 d:ShareCapital 2024-03-31 12828298 d:ShareCapital 2023-03-31 12828298 d:SharePremium 2024-03-31 12828298 d:SharePremium 2023-03-31 12828298 d:OtherMiscellaneousReserve 2024-03-31 12828298 d:OtherMiscellaneousReserve 2023-03-31 12828298 d:RetainedEarningsAccumulatedLosses 2024-03-31 12828298 d:RetainedEarningsAccumulatedLosses 2023-03-31 12828298 c:FRS102 2023-04-01 2024-03-31 12828298 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12828298 c:FullAccounts 2023-04-01 2024-03-31 12828298 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12828298 6 2023-04-01 2024-03-31 12828298 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure


















RDO Group Ltd























Unaudited

Financial statements



For the year ended 31 March 2024



Registered number: 12828298

 
RDO Group Ltd - Registered number:12828298

Statement of financial position
As at 31 March 2024

2024
2024
2023
2023
Note
$
$
$
$

Fixed assets
  

Investments
 4 
17,267
17,267

  
17,267
17,267

Current assets
  

Debtors: amounts falling due within one year
 5 
313,733
397,061

Cash at bank and in hand
  
167
13,666

  
313,900
410,727

Creditors: amounts falling due within one year
 6 
(477,611)
(246,512)

Net current (liabilities)/assets
  
 
 
(163,711)
 
 
164,215

Total assets less current liabilities
  
(146,444)
181,482

  

Net (liabilities)/assets
  
(146,444)
181,482


Capital and reserves
  

Share capital
  
36,645
36,645

Share premium account
  
1,989,429
1,989,429

Capital contribution
  
33,213
33,213

Profit and loss account
  
(2,205,731)
(1,877,805)

  
(146,444)
181,482


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

 
RDO Group Ltd - Registered number:12828298

Statement of financial position (continued)
As at 31 March 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 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: 



J Al-khayat
Director

Date: 31 March 2025

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

Page 2

 
RDO Group Ltd
 

Notes to the financial statements
For the year ended 31 March 2024

1.


General information

RDO Group Ltd is a private company limited by shares and is incorporated in England and Wales. The registered office and principle place of business is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ. The registered number is 12828298.

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 Financial Reporting Standard 102 section 1A, 'the
Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act
2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance
from it's shareholders that they will continue to give financial support to the company for a period of at least
twelve months from the date of signing of these financial statements.
On this basis, the directors consider it appropriate to prepare the financial statements on a going concern
basis. However, should the financial support mentioned above not be forthcoming, the going concern basis
used in preparing the company's financial statements may be invalid and adjustments would have to be
made to reduce the value of assets to their realisable amounts and to provide for any further liabilities which
might be necessary should this basis not continue to be appropriate.
 

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is USD.

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.

Page 3

 
RDO Group Ltd


Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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 reporting date in the countries where the company operates and generates income.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.

 
2.8

Cash

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

 
2.9

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.

Page 4

 
RDO Group Ltd


Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The company only enters into 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.


3.


Employees

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


4.


Fixed asset investments





Investments in subsidiary companies

$



Cost


At 1 April 2023
17,267



At 31 March 2024

17,267






Net book value



At 31 March 2024
17,267



At 31 March 2023
17,267


5.


Debtors

2024
2023
$
$


Amounts owed by group undertakings
313,566
347,000

Other debtors
95
50,016

Prepayments
72
45

313,733
397,061


Page 5

 
RDO Group Ltd
 

Notes to the financial statements
For the year ended 31 March 2024

6.


Creditors: amounts falling due within one year

2024
2023
$
$

Trade creditors
527
673

Amounts owed to group undertakings
-
239,944

Amounts owed to associate companies
144,433
-

Other creditors
326,207
-

Accruals
6,444
5,895

477,611
246,512


Included within other creditors is $250,000 in relation to a convertible loan note entered into with Thomson Reuters.


7.


Related party transactions

As at 31 March 2024, the company owed $144,433 to RDO India Private Limited in relation to software development costs.


Page 6