Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-312025-05-142023-11-011trueNo description of principal activity1falsefalse 11635539 2023-11-01 2024-10-31 11635539 2022-11-01 2023-10-31 11635539 2024-10-31 11635539 2023-10-31 11635539 c:Director1 2023-11-01 2024-10-31 11635539 d:FurnitureFittings 2023-11-01 2024-10-31 11635539 d:FurnitureFittings 2024-10-31 11635539 d:FurnitureFittings 2023-10-31 11635539 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 11635539 d:OfficeEquipment 2023-11-01 2024-10-31 11635539 d:PatentsTrademarksLicencesConcessionsSimilar 2023-11-01 2024-10-31 11635539 d:PatentsTrademarksLicencesConcessionsSimilar 2024-10-31 11635539 d:PatentsTrademarksLicencesConcessionsSimilar 2023-10-31 11635539 d:CurrentFinancialInstruments 2024-10-31 11635539 d:CurrentFinancialInstruments 2023-10-31 11635539 d:Non-currentFinancialInstruments 2024-10-31 11635539 d:Non-currentFinancialInstruments 2023-10-31 11635539 c:EntityHasNeverTraded 2023-11-01 2024-10-31 11635539 c:Micro-entities 2023-11-01 2024-10-31 11635539 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11635539 c:FullAccounts 2023-11-01 2024-10-31 11635539 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11635539 e:PoundSterling 2023-11-01 2024-10-31 11635539 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 11635539










RESTINGPLACE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
RESTINGPLACE LTD
REGISTERED NUMBER: 11635539

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
£
£


Fixed assets
3,069
2,930

Current assets
257
345

Creditors: amounts falling due within one year
(2,354)
(1,145)

Net current liabilities
 
 
(2,097)
 
 
(800)

Total assets less current liabilities
972
2,130

Creditors: amounts falling due after more than one year
(99,599)
(84,767)


Net liabilities
(98,627)
(82,637)



Capital and reserves
(98,627)
(82,637)


Notes


Average number of employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

The Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

The 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 her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements have been delivered in accordance with the 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 14 May 2025.




Ms Samantha Haruna
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
RESTINGPLACE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Restingplace Limited is a private company, limited by share capital, incorporated in England and Wales, registration number 11635539. The address of the registered office is Level 5A, Maple House, 149 Tottenham Court Road, London W1T 7NF.

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 105 the UK and the Republic of Ireland 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 judgment in applying the Company's accounting policies.

 
2.2

Going concern

The financial statements have been prepared on the assumption that the company will have the continued financial support of the shareholders. The shareholders of the company have sufficient resources to finance the company as and when the need arises.
The financial statements have been prepared on a going concern basis which is dependent on the financial support of the shareholders to ensure that the company will continue in operational existence for the foreseeable future.

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.4

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.

 The estimated useful lives range as follows:

Patent and trademark
-
10
years

Page 2

 
RESTINGPLACE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
15%
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.

 
2.6

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.

 
2.7

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.

 
2.8

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 3

 
RESTINGPLACE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

3.


Intangible assets




Patent and trademark

£



Cost


At 1 November 2023
3,256



At 31 October 2024

3,256



Amortisation


At 1 November 2023
326


Charge for the year on owned assets
326



At 31 October 2024

652



Net book value



At 31 October 2024
2,604



At 31 October 2023
2,930



Page 4

 
RESTINGPLACE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
547



At 31 October 2024

547



Depreciation


Charge for the year on owned assets
82



At 31 October 2024

82



Net book value



At 31 October 2024
465



At 31 October 2023
-

Page 5

 
RESTINGPLACE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023
£
£


VAT repayable
257
273

257
273



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
809
-

Trade creditors
550
-

Accruals and deferred income
995
1,145

2,354
1,145



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Director's loan account
99,599
84,767

99,599
84,767



8.


Controlling party

The company is under the control of the sole director Ms Samantha Haruna (100% share) by virtue of the fact that she owned 100% of the issued share capital.

 
Page 6