Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-072023-09-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10311804 2023-09-01 2024-08-31 10311804 2022-09-01 2023-08-31 10311804 2024-08-31 10311804 2023-08-31 10311804 2022-09-01 10311804 c:Director1 2023-09-01 2024-08-31 10311804 d:OfficeEquipment 2023-09-01 2024-08-31 10311804 d:OfficeEquipment 2024-08-31 10311804 d:OfficeEquipment 2023-08-31 10311804 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10311804 d:CurrentFinancialInstruments 2024-08-31 10311804 d:CurrentFinancialInstruments 2023-08-31 10311804 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10311804 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10311804 d:ShareCapital 2023-09-01 2024-08-31 10311804 d:ShareCapital 2024-08-31 10311804 d:ShareCapital 2022-09-01 2023-08-31 10311804 d:ShareCapital 2023-08-31 10311804 d:ShareCapital 2022-09-01 10311804 d:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 10311804 d:RetainedEarningsAccumulatedLosses 2024-08-31 10311804 d:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 10311804 d:RetainedEarningsAccumulatedLosses 2023-08-31 10311804 d:RetainedEarningsAccumulatedLosses 2022-09-01 10311804 c:OrdinaryShareClass1 2023-09-01 2024-08-31 10311804 c:OrdinaryShareClass1 2024-08-31 10311804 c:OrdinaryShareClass1 2023-08-31 10311804 c:FRS102 2023-09-01 2024-08-31 10311804 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10311804 c:FullAccounts 2023-09-01 2024-08-31 10311804 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10311804 2 2023-09-01 2024-08-31 10311804 6 2023-09-01 2024-08-31 10311804 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10311804






RIVEROAK OPERATIONS LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 AUGUST 2024

 
RIVEROAK OPERATIONS LIMITED
REGISTERED NUMBER: 10311804

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,292
2,173

Investments
 5 
800,000
800,000

  
802,292
802,173

Current assets
  

Debtors: amounts falling due within one year
 6 
402,182
354,252

Cash at bank and in hand
 7 
30,331
53,067

  
432,513
407,319

Creditors: amounts falling due within one year
 8 
(9,988,461)
(9,125,160)

Net current liabilities
  
 
 
(9,555,948)
 
 
(8,717,841)

Total assets less current liabilities
  
(8,753,656)
(7,915,668)

  

Net liabilities
  
(8,753,656)
(7,915,668)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
 10 
(8,753,657)
(7,915,669)

  
(8,753,656)
(7,915,668)


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.

Page 1

 
RIVEROAK OPERATIONS LIMITED
REGISTERED NUMBER: 10311804
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

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 7 May 2025.




A Freudmann
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
RIVEROAK OPERATIONS LIMITED
 

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


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 September 2022
1
(6,966,301)
(6,966,300)


Comprehensive income for the year

Loss for the year
-
(949,368)
(949,368)
Total comprehensive income for the year
-
(949,368)
(949,368)



At 1 September 2023
1
(7,915,669)
(7,915,668)


Comprehensive income for the year

Loss for the year
-
(837,988)
(837,988)
Total comprehensive income for the year
-
(837,988)
(837,988)


At 31 August 2024
1
(8,753,657)
(8,753,656)


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
RIVEROAK OPERATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.Accounting policies

 
1.1

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:

 
1.2

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.

 
1.3

Interest income

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

 
1.4

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.

 
1.5

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:

Office equipment
-
25%

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.

Page 4

 
RIVEROAK OPERATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.Accounting policies (continued)

 
1.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
1.7

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.

 
1.8

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.

 
1.9

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.


2.


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.

Page 5

 
RIVEROAK OPERATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

3.


Employees

2024
2023
£
£

Wages and salaries
138,200
138,200

Social security costs
11,871
14,697

Cost of defined contribution scheme
3,250
3,250

153,321
156,147


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 September 2023
3,087


Additions
973



At 31 August 2024

4,060



Depreciation


At 1 September 2023
915


Charge for the year on owned assets
853



At 31 August 2024

1,768



Net book value



At 31 August 2024
2,292



At 31 August 2023
2,173

Page 6

 
RIVEROAK OPERATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 September 2023
800,000



At 31 August 2024
800,000





6.


Debtors

2024
2023
£
£


Other debtors
402,182
354,252

402,182
354,252



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
30,331
53,067

30,331
53,067



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
111,782
248,885

Amounts owed to group undertakings
9,867,612
8,868,219

Other taxation and social security
4,079
4,044

Other creditors
488
(488)

Accruals and deferred income
4,500
4,500

9,988,461
9,125,160


Page 7

 
RIVEROAK OPERATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



10.


Reserves

Profit and loss account

The profit and loss reserve is fully distributable.


11.


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 £3,250 (2023 - £3,250). Contributions totalling £488 were payable to (2023 - £488 were refundable from) the fund at the balance sheet date and are included in creditors.


12.


Controlling party

The company's parent undertaking is Riveroak Strategic Partners Limited, a company incorporated in England & Wales, which owns 100% of the issued share capital. The ultimate controlling party is Riveroak Investments (UK) Limited, a 90% shareholder in the parent undertaking.

 
Page 8