Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312025-05-272024-12-312025-05-27No description of principal activityfalse2024-01-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13728239 2024-01-01 2024-12-31 13728239 2023-01-01 2023-12-31 13728239 2024-12-31 13728239 2023-12-31 13728239 c:Director1 2024-01-01 2024-12-31 13728239 d:CurrentFinancialInstruments 2024-12-31 13728239 d:CurrentFinancialInstruments 2023-12-31 13728239 d:Non-currentFinancialInstruments 2024-12-31 13728239 d:Non-currentFinancialInstruments 2023-12-31 13728239 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13728239 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13728239 d:ShareCapital 2024-12-31 13728239 d:ShareCapital 2023-12-31 13728239 d:RetainedEarningsAccumulatedLosses 2024-12-31 13728239 d:RetainedEarningsAccumulatedLosses 2023-12-31 13728239 c:FRS102 2024-01-01 2024-12-31 13728239 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13728239 c:FullAccounts 2024-01-01 2024-12-31 13728239 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13728239 2 2024-01-01 2024-12-31 13728239 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 13728239


IMAGINARY CLOUD LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 DECEMBER 2024

 
IMAGINARY CLOUD LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF IMAGINARY CLOUD LIMITED
FOR THE PERIOD ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Imaginary Cloud Limited for the Period ended 31 December 2024 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Imaginary Cloud Limited in accordance with the terms of our engagement letter dated 18 November 2021Our work has been undertaken solely to prepare for your approval the financial statements of Imaginary Cloud Limited and state those matters that we have agreed to state to the director of Imaginary Cloud Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Imaginary Cloud Limited and its director for our work or for this report. 

It is your duty to ensure that Imaginary Cloud Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Imaginary Cloud Limited. You consider that Imaginary Cloud Limited is exempt from the statutory audit requirement for the Period.

We have not been instructed to carry out an audit or review of the financial statements of Imaginary Cloud Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Ashings Limited
 
Chartered Accountants
  
Northside House
Mount Pleasant
Cockfosters
Herts
EN4 9EB
27 May 2025
Page 1

 
IMAGINARY CLOUD LIMITED
REGISTERED NUMBER: 13728239

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due after more than one year
 4 
231,476
439,620

Debtors: amounts falling due within one year
 4 
252,101
244,798

Cash at bank and in hand
 5 
135,998
243,673

  
619,575
928,091

Creditors: amounts falling due within one year
 6 
(334,187)
(764,223)

Net current assets
  
 
 
285,388
 
 
163,868

Total assets less current liabilities
  
285,388
163,868

  

Net assets
  
285,388
163,868


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
285,387
163,867

  
285,388
163,868


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 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 by the board and were signed on its behalf on 27 May 2025.




Mr Tiago Joao
Director

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

Page 2

 
IMAGINARY CLOUD LIMITED
 

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

1.


General information

The company is a private company, limited by shares, incorporated in England with number 13728239 and registered office situated at Suite 2a1, Northside House, Mount Pleasant, Barnet, England, EN4 9EB.

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 judgment in applying the Company's accounting policies.

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.

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

Page 3

 
IMAGINARY CLOUD 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:

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.

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

Interest income

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

 
2.5

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.


 
2.6

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.

Page 4

 
IMAGINARY CLOUD LIMITED
 

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

2.Accounting policies (continued)

 
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

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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


4.


Debtors

2024
2023
£
£

Due after more than one year

Due from participating interests
231,476
439,620

231,476
439,620


2024
2023
£
£

Due within one year

Trade debtors
137,226
170,015

Other debtors
9,531
12,487

Prepayments and accrued income
105,344
62,296

252,101
244,798


Page 5

 
IMAGINARY CLOUD LIMITED
 

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

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
135,998
243,673

135,998
243,673



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
8,340

Amounts owed to group undertakings
77,052
172,704

Corporation tax
38,431
40,387

Other taxation and social security
49,533
-

Accruals and deferred income
169,171
542,792

334,187
764,223



7.


Controlling party

Imaginary Cloud Limited is the 100%subsidiary company of Imaginary Cloud Holdings Limited, the address of the parent’s registered office is Suite 2a1, Northside House, Mount Pleasant, Barnet, England, EN4 9EB.


Page 6