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Managed Networks Limited

Registered number: 02709953
Financial Statements information for filing with registrar
For the year ended 30 September 2024

 
 02709953
30 September 2024
MANAGED NETWORKS LIMITED
REGISTERED NUMBER: 02709953

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1
1

Total assets less current liabilities
  
 
 
1
 
 
1

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
 5 
1
1

Total equity
  
1
1


For the year ended 30 September 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 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 by




G R Christie
Director

Date: 11 June 2025

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
 02709953
30 September 2024
MANAGED NETWORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Managed Networks Limited (the 'Company') is a private company limited by shares, incorporated and registered in England and Wales. The Company's registered number is 02709953. Its registered office is Integration House, Turnhams Green Business Park, Pincents Lane, Reading, Berkshire, RG31 4UH.
The Company is dormant and has not traded during the current or prior year.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements have been prepared in Pound Sterling as this is the currency of the primary economic environment in which the Company operates and is rounded to the nearest pound.
The following principal accounting policies have been applied:

  
2.2

Going concern

The directors are of the opinion that the Company will continue as a going concern and the financial statements for the year ended 30 September 2024 reflect this going concern basis. Whilst the Company is not expected to trade in the coming year, the directors do not intend to wind up the Company, it will remain dormant for the foreseeable future.

 
2.3

Debtors: amounts falling due within one year

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.


3.


Employees

The average monthly number of employees, including the directors, during the year was 5 (2023: 4).

Page 2

 
 02709953
30 September 2024
MANAGED NETWORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Debtors: amounts falling due within one year

2024
2023
£
£


Amounts owed by group undertakings
1
1


Amounts owed by group undertakings are unsecured, interest free and payable on demand.
The Company's assets are secured by a fixed and floating charge.


5.


Called up share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023: 1) Ordinary share of £1
1
1

The ordinary share entitles each holder to one voting right and no right to fixed income.


6.


Related party transactions

The Company has taken advantage of the exemption available under Section 33 'Related Party Disclosures' not to disclose transactions with other wholly owned members of the group.


7.


Post balance sheet events

There have been no significant events affecting the Company since the year end.
 

8.


Controlling party

The immediate parent company is Rappidly MN Holdco Limited, a company incorporated and registered in England and Wales. 
The ultimate parent company is lPI Group Holdco Limited, a company incorporated and registered in England and Wales, which is the smallest and the largest group into which the Company's financial statements are consolidated.
The only consolidated financial statements prepared for the group, of which the Company is a member are those of the ultimate parent company. Copies of the ultimate parent company's financial statements are publicly available and can be obtained from Companies House. The address of the registered office is Integration House, Turnhams Green Business Park, Pincents Lane, Reading, Berkshire, RG31 4UH.
 
The ultimate controlling party is Mr B.J. Prentis by virtue of his beneficial shareholding in IPI Group Holdco Limited, the ultimate parent company of the group.
Page 3