Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-231provision of artificial intelligence solutions, strategies and training to the healthcare sector2023-11-01false1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11669407 2023-11-01 2024-12-31 11669407 2022-11-01 2023-10-31 11669407 2024-12-31 11669407 2023-10-31 11669407 c:Director1 2023-11-01 2024-12-31 11669407 d:OfficeEquipment 2023-11-01 2024-12-31 11669407 d:OfficeEquipment 2024-12-31 11669407 d:OfficeEquipment 2023-10-31 11669407 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-12-31 11669407 d:CurrentFinancialInstruments 2024-12-31 11669407 d:CurrentFinancialInstruments 2023-10-31 11669407 d:Non-currentFinancialInstruments 2024-12-31 11669407 d:Non-currentFinancialInstruments 2023-10-31 11669407 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11669407 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11669407 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 11669407 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 11669407 d:ShareCapital 2024-12-31 11669407 d:ShareCapital 2023-10-31 11669407 d:RetainedEarningsAccumulatedLosses 2024-12-31 11669407 d:RetainedEarningsAccumulatedLosses 2023-10-31 11669407 c:OrdinaryShareClass1 2023-11-01 2024-12-31 11669407 c:OrdinaryShareClass1 2024-12-31 11669407 c:OrdinaryShareClass1 2023-10-31 11669407 c:FRS102 2023-11-01 2024-12-31 11669407 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-12-31 11669407 c:FullAccounts 2023-11-01 2024-12-31 11669407 c:PrivateLimitedCompanyLtd 2023-11-01 2024-12-31 11669407 e:PoundSterling 2023-11-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11669407









EULARIS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
EULARIS LIMITED
REGISTERED NUMBER: 11669407

BALANCE SHEET
AS AT 31 DECEMBER 2024

31 December
31 October
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,684
3,201

Current assets
  

Debtors: amounts falling due within one year
 5 
149,829
88,685

Cash at bank and in hand
 6 
45,249
8

  
195,078
88,693

Creditors: amounts falling due within one year
 7 
(140,888)
(16,823)

Net current assets
  
 
 
54,190
 
 
71,870

Total assets less current liabilities
  
56,874
75,071

Creditors: amounts falling due after more than one year
 8 
(44,467)
(84,865)

  

Net assets/(liabilities)
  
12,407
(9,794)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
12,307
(9,894)

  
12,407
(9,794)


Page 1

 
EULARIS LIMITED
REGISTERED NUMBER: 11669407
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 period 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.

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 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 23 May 2025.




Dr A K Bates
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
EULARIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Eularis Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ. The principal activity of the company is the provision of artificial intelligence solutions, strategies and training to the healthcare sector.

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 following principal accounting policies have been applied:

 
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.

Page 3

 
EULARIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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:

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.

 
2.4

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 balance sheet date in the countries where the company operates and generates income.


 
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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
straight line

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

 
EULARIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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.

 
2.9

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.


3.


Employees

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

Page 5

 
EULARIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 November 2023
5,563


Additions
1,295



At 31 December 2024

6,858



Depreciation


At 1 November 2023
2,362


Charge for the period on owned assets
1,812



At 31 December 2024

4,174



Net book value



At 31 December 2024
2,684



At 31 October 2023
3,201


5.


Debtors

31 December
31 October
2024
2023
£
£


Trade debtors
148,288
71,666

Other debtors
-
7,644

Prepayments and accrued income
1,541
9,375

149,829
88,685


Page 6

 
EULARIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

6.


Cash and cash equivalents

31 December
31 October
2024
2023
£
£

Cash at bank and in hand
45,249
8

45,249
8



7.


Creditors: Amounts falling due within one year

31 December
31 October
2024
2023
£
£

Trade creditors
25,524
14,153

Corporation tax
1,913
-

Other taxation and social security
22,583
-

Other creditors
2,352
150

Accruals and deferred income
88,516
2,520

140,888
16,823



8.


Creditors: Amounts falling due after more than one year

31 December
31 October
2024
2023
£
£

Other creditors
44,467
84,865

44,467
84,865



9.


Share capital

31 December
31 October
2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


Page 7

 
EULARIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

10.


Related party transactions

Included within creditors due in over one year is a balance of £44,467 (2023 - £84,865) owed to the director in respect of loans made to the company.

 
Page 8