Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31true2024-04-01falseNo description of principal activity4442trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02484467 2024-04-01 2025-03-31 02484467 2023-04-01 2024-03-31 02484467 2025-03-31 02484467 2024-03-31 02484467 c:Director3 2024-04-01 2025-03-31 02484467 d:FurnitureFittings 2024-04-01 2025-03-31 02484467 d:FurnitureFittings 2025-03-31 02484467 d:FurnitureFittings 2024-03-31 02484467 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02484467 d:OfficeEquipment 2024-04-01 2025-03-31 02484467 d:ComputerSoftware 2025-03-31 02484467 d:ComputerSoftware 2024-03-31 02484467 d:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 02484467 d:CurrentFinancialInstruments 2025-03-31 02484467 d:CurrentFinancialInstruments 2024-03-31 02484467 d:Non-currentFinancialInstruments 2025-03-31 02484467 d:Non-currentFinancialInstruments 2024-03-31 02484467 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 02484467 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02484467 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 02484467 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02484467 d:ShareCapital 2025-03-31 02484467 d:ShareCapital 2024-03-31 02484467 d:CapitalRedemptionReserve 2025-03-31 02484467 d:CapitalRedemptionReserve 2024-03-31 02484467 d:OtherMiscellaneousReserve 2025-03-31 02484467 d:OtherMiscellaneousReserve 2024-03-31 02484467 d:RetainedEarningsAccumulatedLosses 2025-03-31 02484467 d:RetainedEarningsAccumulatedLosses 2024-03-31 02484467 c:OrdinaryShareClass2 2024-04-01 2025-03-31 02484467 c:OrdinaryShareClass2 2025-03-31 02484467 c:FRS102 2024-04-01 2025-03-31 02484467 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02484467 c:FullAccounts 2024-04-01 2025-03-31 02484467 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02484467 d:WithinOneYear 2025-03-31 02484467 d:WithinOneYear 2024-03-31 02484467 d:BetweenOneFiveYears 2025-03-31 02484467 d:BetweenOneFiveYears 2024-03-31 02484467 2 2024-04-01 2025-03-31 02484467 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 02484467 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 02484467 d:RetirementBenefitObligationsDeferredTax 2025-03-31 02484467 d:RetirementBenefitObligationsDeferredTax 2024-03-31 02484467 d:ComputerSoftware d:OwnedIntangibleAssets 2024-04-01 2025-03-31 02484467 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02484467









RISK & POLICY ANALYSTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
RISK & POLICY ANALYSTS LIMITED
REGISTERED NUMBER: 02484467

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,928
5,611

Tangible assets
 5 
74,239
92,021

Current assets
  

Debtors: amounts falling due within one year
 6 
1,313,039
1,591,001

Cash at bank
  
396,528
486,581

  
1,709,567
2,077,582

Creditors: amounts falling due within one year
 7 
(884,716)
(1,197,212)

Net current assets
  
 
 
824,851
 
 
880,370

Total assets less current liabilities
  
903,018
978,002

Creditors: amounts falling due after more than one year
 8 
(192,800)
(335,033)

Provisions for liabilities
  

Deferred tax
 9 
(13,844)
(19,019)

Net assets
  
696,374
623,950


Capital and reserves
  

Called up share capital 
 10 
75
75

Capital redemption reserve
  
25
25

Share based payment reserve
  
26,781
8,927

Profit and loss account
  
669,493
614,923

  
696,374
623,950


Page 1

 
RISK & POLICY ANALYSTS LIMITED
REGISTERED NUMBER: 02484467

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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.

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 by: 





................................................
Mr M Lambert
Director

Date: 3 June 2025

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
RISK & POLICY ANALYSTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Risk & Policy Analysts Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom, with a company registration number of 02484467. The address of the registered office is Suite C Floor 2, The Atruim, St. Georges Street, Norwich, Norfolk, NR3 1AB.

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.

Page 3

 
RISK & POLICY ANALYSTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

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.

Amounts recoverable on contracts are valued at cost estimated to be earned to date on the stage of completion, less provision for any known or anticipated losses or payments on account. 

 
2.4

Interest income

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

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
RISK & POLICY ANALYSTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.8

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 5

 
RISK & POLICY ANALYSTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.10

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.

 Amortisation is provided on the following bases:

Computer software
-
20%
Straight line basis.

 
2.11

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 straight line basis.

Depreciation is provided on the following basis:

Office equipment
-
5 and 10 year 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.

 
2.12

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.

 
2.13

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.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
RISK & POLICY ANALYSTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.15

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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is 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 creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). 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 creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 44 (2024 - 42).

Page 7

 
RISK & POLICY ANALYSTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Intangible assets




Computer software

£



Cost


At 1 April 2024
8,416



At 31 March 2025

8,416



Amortisation


At 1 April 2024
2,805


Charge for the year on owned assets
1,683



At 31 March 2025

4,488



Net book value



At 31 March 2025
3,928



At 31 March 2024
5,611



Page 8

 
RISK & POLICY ANALYSTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 April 2024
163,349


Additions
5,420



At 31 March 2025

168,769



Depreciation


At 1 April 2024
71,328


Charge for the year on owned assets
23,202



At 31 March 2025

94,530



Net book value



At 31 March 2025
74,239



At 31 March 2024
92,021



Page 9

 
RISK & POLICY ANALYSTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£


Trade debtors
837,291
592,098

Prepayments and accrued income
86,638
91,884

Amounts recoverable on long term contracts
389,110
907,019

1,313,039
1,591,001



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
18,327
18,327

Other loans
104,917
162,000

Trade creditors
531,881
617,934

Corporation tax
31,406
17,895

Other taxation and social security
105,511
146,092

Other creditors
15,995
13,407

Accruals and deferred income
76,679
221,557

884,716
1,197,212



8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
15,022
35,033

Other loans
177,778
300,000

192,800
335,033


Secured creditors
The total amount of creditors for which security has been given by the Company amounted to £277,793  (2024 - £353,365).

Page 10

 
RISK & POLICY ANALYSTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Deferred taxation




2025


£






At beginning of year
(19,019)


Charged to profit or loss
5,175



At end of year
(13,844)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(17,843)
(22,371)

Pension contributions timing difference
3,999
3,352

(13,844)
(19,019)


10.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



750 Ordinary shares of £0.10 each
75
75





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 £210,345 (2024 - £174,758). Contributions totalling £15,995 (2024 - £13,406) were payable to the fund at the balance sheet date and are included in creditors.

Page 11

 
RISK & POLICY ANALYSTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

12.


Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
64,896
64,340

Later than 1 year and not later than 5 years
265
-

65,161
64,340


Page 12