Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312025-05-13falsetrue2024-04-01falseNo description of principal activity3941trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06862946 2024-04-01 2025-03-31 06862946 2023-04-01 2024-03-31 06862946 2025-03-31 06862946 2024-03-31 06862946 c:Director1 2024-04-01 2025-03-31 06862946 c:RegisteredOffice 2024-04-01 2025-03-31 06862946 d:Buildings 2024-04-01 2025-03-31 06862946 d:Buildings 2025-03-31 06862946 d:Buildings 2024-03-31 06862946 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06862946 d:PlantMachinery 2024-04-01 2025-03-31 06862946 d:PlantMachinery 2025-03-31 06862946 d:PlantMachinery 2024-03-31 06862946 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06862946 d:MotorVehicles 2024-04-01 2025-03-31 06862946 d:FurnitureFittings 2024-04-01 2025-03-31 06862946 d:FurnitureFittings 2025-03-31 06862946 d:FurnitureFittings 2024-03-31 06862946 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06862946 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06862946 d:CurrentFinancialInstruments 2025-03-31 06862946 d:CurrentFinancialInstruments 2024-03-31 06862946 d:Non-currentFinancialInstruments 2025-03-31 06862946 d:Non-currentFinancialInstruments 2024-03-31 06862946 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 06862946 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06862946 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 06862946 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 06862946 d:ShareCapital 2025-03-31 06862946 d:ShareCapital 2024-03-31 06862946 d:RetainedEarningsAccumulatedLosses 2025-03-31 06862946 d:RetainedEarningsAccumulatedLosses 2024-03-31 06862946 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 06862946 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06862946 c:OrdinaryShareClass1 2024-04-01 2025-03-31 06862946 c:OrdinaryShareClass1 2025-03-31 06862946 c:OrdinaryShareClass1 2024-03-31 06862946 c:OrdinaryShareClass2 2024-04-01 2025-03-31 06862946 c:OrdinaryShareClass2 2025-03-31 06862946 c:OrdinaryShareClass2 2024-03-31 06862946 c:FRS102 2024-04-01 2025-03-31 06862946 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06862946 c:FullAccounts 2024-04-01 2025-03-31 06862946 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06862946 2 2024-04-01 2025-03-31 06862946 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure


Registered number: 06862946












THE DARLING EXPERIMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

 

THE DARLING EXPERIMENT LIMITED

CONTENTS



Page
Company information
 
1
Balance sheet
 
2 - 3
Notes to the financial statements
 
4 - 11

 

THE DARLING EXPERIMENT LIMITED
 
COMPANY INFORMATION


Director
A Maciocia 




Registered number
06862946



Registered office
16 Great Queen Street
Covent Garden

London

WC2B 5AH




Accountants
Blick Rothenberg Limited
Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:06862946
THE DARLING EXPERIMENT LIMITED

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
154,528
252,468

Current assets
  

Stocks
  
621,492
621,225

Debtors: amounts falling due within one year
 5 
7,379
41,688

Cash at bank and in hand
  
385,137
416,800

  
1,014,008
1,079,713

Creditors: amounts falling due within one year
 6 
(286,699)
(386,845)

Net current assets
  
 
 
727,309
 
 
692,868

Total assets less current liabilities
  
881,837
945,336

Creditors: amounts falling due after more than one year
 7 
-
(35,345)

Provisions for liabilities
  

Deferred tax
 8 
(38,632)
(49,056)

Net assets
  
843,205
860,935


Capital and reserves
  

Called up share capital 
 9 
348
348

Profit and loss account
  
842,857
860,587

Total equity
  
843,205
860,935

Page 2


 
REGISTERED NUMBER:06862946
THE DARLING EXPERIMENT LIMITED
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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 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 and signed by the sole director. 




A Maciocia
Director

Date: 13 May 2025

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

Page 3

 

THE DARLING EXPERIMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

The Darling Experiment Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
The financial statements are presented in Sterling (£), which is the functional currency of the company.Monetary amounts in these financial statements are rounded to the nearest £.

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 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

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, he continues to adopt the going concern basis in preparing the financial statements.

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 4

 

THE DARLING EXPERIMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

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.

 
2.5

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each balance sheet date, stocks are assessed for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss. 

Page 5

 

THE DARLING EXPERIMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

  
2.6

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 
Financial assets
Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Financial liabilities
Basic financial liabilities, including trade and other creditors and bank loans, 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 payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Impairment of financial assets
Financial assets 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 found, an impairment loss is recognised in the profit and loss account. 
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 
For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. 
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
 
Page 6

 

THE DARLING EXPERIMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. 
Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet 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.

 
2.7

Cash

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

  
2.8

Share capital

Ordinary shares are classified as equity.

 
2.9

Interest income

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

 
2.10

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.

 
2.11

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.12

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.

Page 7

 

THE DARLING EXPERIMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.13

Foreign currency translation

Functional and presentation currency

The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.
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 arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
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.

Page 8

 

THE DARLING EXPERIMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

3.


Employees

The average monthly number of employees, including directors, during the year was 39 (2024 - 41).


4.


Tangible fixed assets





Land
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost


At 1 April 2024
56,243
473,358
159,171
688,772


Additions
-
9,864
4,301
14,165


Disposals
(56,243)
(12,828)
(25,769)
(94,840)



At 31 March 2025

-
470,394
137,703
608,097



Depreciation


At 1 April 2024
-
313,945
122,359
436,304


Charge for the year
-
41,815
10,007
51,822


Disposals
-
(11,578)
(22,979)
(34,557)



At 31 March 2025

-
344,182
109,387
453,569



Net book value



At 31 March 2025
-
126,212
28,316
154,528



At 31 March 2024
56,243
159,413
36,812
252,468


5.


Debtors

2025
2024
£
£


Trade debtors
3,836
21,764

Other debtors
2,476
17,072

Called up share capital not paid
247
247

Prepayments
820
2,605

7,379
41,688


Page 9

 

THE DARLING EXPERIMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Creditors: amounts falling due within one year

2025
2024
£
£

Bank loans
1,500
40,243

Trade creditors
155,343
145,545

Corporation tax
2,759
13,815

Other taxation and social security
29,952
28,752

Other creditors
78,891
152,386

Accruals
18,254
6,104

286,699
386,845


The bank loans are secured by way of fixed and floating charges over the assets of the company.


7.


Creditors: amounts falling due after more than one year

2025
2024
£
£

Bank loans
-
35,345


The bank loans are secured by way of fixed and floating charges over the assets of the company.


8.


Deferred taxation




2025


£






At beginning of year
(49,056)


Charged to profit or loss
10,424



At end of year
(38,632)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(38,632)
(49,056)


The deferred tax liability set out above is expected to reverse within 24 months.
Page 10

 

THE DARLING EXPERIMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



248 (2024 - 248) Ordinary A shares of £1.00 each
248
248
100 (2024 - 100) Ordinary B shares of £1.00 each
100
100

348

348



10.


Pension commitments

The pension cost charge of £25,005 (2024: £25,795) represents contributions payable by the company to an independently administered pension fund, of which £nil (2024: £2,110) was outstanding at the period end. 
 
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.


11.


Related party transactions

The company had the following disclosable transactions with related parties in accordance with Section 33 of FRS102:
During the year, licence fees of £144,132 (2024: £147,293) were payable to the parent company, of which £63,104 (2024: £147,293), including withholding tax, was outstanding at the year end.
The company made payments totalling £30,425 (2024: £23,675) to the director for consultancy services rendered.


12.


Controlling party

The parent undertaking is Three Things Holdings Limited, a company registered in Gibraltar. The address of its registered office is Suite 925a, Block 8/9, Europort Avenue, GX11 1AA, Gibraltar.

Page 11