Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31No description of principal activityfalsefalse0true2024-01-010true 07399629 2024-01-01 2024-12-31 07399629 2023-01-01 2023-12-31 07399629 2024-12-31 07399629 2023-12-31 07399629 2023-01-01 07399629 c:Director4 2024-01-01 2024-12-31 07399629 d:ShareCapital 2024-01-01 2024-12-31 07399629 d:ShareCapital 2024-12-31 07399629 d:ShareCapital 2023-01-01 2023-12-31 07399629 d:ShareCapital 2023-12-31 07399629 d:ShareCapital 2023-01-01 07399629 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 07399629 d:RetainedEarningsAccumulatedLosses 2024-12-31 07399629 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 07399629 d:RetainedEarningsAccumulatedLosses 2023-12-31 07399629 d:RetainedEarningsAccumulatedLosses 2023-01-01 07399629 c:OrdinaryShareClass1 2024-01-01 2024-12-31 07399629 c:OrdinaryShareClass1 2024-12-31 07399629 c:OrdinaryShareClass1 2023-12-31 07399629 c:EntityNoLongerTradingButTradedInPast 2024-01-01 2024-12-31 07399629 c:FRS102 2024-01-01 2024-12-31 07399629 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07399629 c:FullAccounts 2024-01-01 2024-12-31 07399629 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07399629 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07399629









ROCK (SFC) COVER SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ROCK (SFC) COVER SERVICES LIMITED
REGISTERED NUMBER: 07399629

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

  

Total assets less current liabilities
  
 
-
 
-

  

Net assets
  
-
-


Capital and reserves
  

Called up share capital 
 3 
200
200

Profit and loss account
  
(200)
(200)

  
-
-


For the year ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income statement 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 23 April 2025.



J Kearney
Director

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

Page 1

 
ROCK (SFC) COVER SERVICES LIMITED
 

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


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2023
200
(200)
-


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
-
-


Total transactions with owners
-
-
-



At 1 January 2024
200
(200)
-


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
-
-


Total transactions with owners
-
-
-


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

Page 2

 
ROCK (SFC) COVER SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Rock (SFC) Cover Services Limited is a private company limited by shares and incorporated in England under registered number 07399629. Its registered office is at 135 High Street, Crawley, West Sussex RH10 1DQ.

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, the Financial Reporting Standard applicable in 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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income Statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

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.

Page 3

 
ROCK (SFC) COVER SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
 
Page 4

 
ROCK (SFC) COVER SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



200 (2023 - 200) Ordinary shares of £1.00 each
200
200


Page 5

 
ROCK (SFC) COVER SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Controlling party

The Company is a 100% owned subsidiary of Rock Insurance Services Limited, a company incorporated in England and Wales, whose registered office is situated at 135 High Street, Crawley, West Sussex, England, RH10 1DQ. 
Wimbledon Topco Limited, a company incorporated in Gibraltar, whose registered office is situated at Suite 23, Portland House, Glacis Road, Gibraltar, GX11 AA, Gibraltar is the ultimate parent undertaking in the group. 
The ultimate controlling party is Mr R Howsam, due to his majority shareholding in the ultimate holding company of the Group.


5.


Debenture charge

A debenture charge was registered on 5 February 2018 in favour of Clydesdale Bank Plc.
A further debenture charge was registered on 7 July 2021 in favour of Mr S Endacott.

Page 6