Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31false2024-04-01process service agents77falsetruefalse 08010712 2024-04-01 2025-03-31 08010712 2023-04-01 2024-03-31 08010712 2025-03-31 08010712 2024-03-31 08010712 c:Director1 2024-04-01 2025-03-31 08010712 c:Director2 2024-04-01 2025-03-31 08010712 c:Director2 2025-03-31 08010712 c:RegisteredOffice 2024-04-01 2025-03-31 08010712 d:Buildings d:LongLeaseholdAssets 2024-04-01 2025-03-31 08010712 d:Buildings d:LongLeaseholdAssets 2025-03-31 08010712 d:Buildings d:LongLeaseholdAssets 2024-03-31 08010712 d:FurnitureFittings 2024-04-01 2025-03-31 08010712 d:FurnitureFittings 2025-03-31 08010712 d:FurnitureFittings 2024-03-31 08010712 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08010712 d:ComputerEquipment 2024-04-01 2025-03-31 08010712 d:ComputerEquipment 2025-03-31 08010712 d:ComputerEquipment 2024-03-31 08010712 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08010712 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08010712 d:CurrentFinancialInstruments 2025-03-31 08010712 d:CurrentFinancialInstruments 2024-03-31 08010712 d:Non-currentFinancialInstruments 2025-03-31 08010712 d:Non-currentFinancialInstruments 2024-03-31 08010712 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 08010712 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08010712 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 08010712 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08010712 d:ShareCapital 2025-03-31 08010712 d:ShareCapital 2024-03-31 08010712 d:SharePremium 2025-03-31 08010712 d:SharePremium 2024-03-31 08010712 d:OtherMiscellaneousReserve 2025-03-31 08010712 d:OtherMiscellaneousReserve 2024-03-31 08010712 d:RetainedEarningsAccumulatedLosses 2025-03-31 08010712 d:RetainedEarningsAccumulatedLosses 2024-03-31 08010712 c:OrdinaryShareClass1 2024-04-01 2025-03-31 08010712 c:OrdinaryShareClass1 2025-03-31 08010712 c:OrdinaryShareClass1 2024-03-31 08010712 c:FRS102 2024-04-01 2025-03-31 08010712 c:Audited 2024-04-01 2025-03-31 08010712 c:FullAccounts 2024-04-01 2025-03-31 08010712 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08010712 d:Subsidiary1 2024-04-01 2025-03-31 08010712 d:Subsidiary1 1 2024-04-01 2025-03-31 08010712 d:WithinOneYear 2025-03-31 08010712 d:WithinOneYear 2024-03-31 08010712 d:BetweenOneFiveYears 2025-03-31 08010712 d:BetweenOneFiveYears 2024-03-31 08010712 c:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08010712 2 2024-04-01 2025-03-31 08010712 6 2024-04-01 2025-03-31 08010712 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 08010712














COGENCY GLOBAL (UK) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

 
COGENCY GLOBAL (UK) LIMITED
 
 
COMPANY INFORMATION


Directors
P Sivaramakrishnan 
T L Campbell (appointed 4 June 2025)




Registered number
08010712



Registered office
6 Lloyds Avenue
Unit 4cl

London

EC3N 3AX




Independent auditors
Sopher + Co LLP
Chartered Accountants & Statutory Auditors

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
COGENCY GLOBAL (UK) LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 9


 
COGENCY GLOBAL (UK) LIMITED
REGISTERED NUMBER:08010712

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,869
3,321

Investments
 5 
1
1

  
3,870
3,322

Current assets
  

Debtors: amounts falling due within one year
 6 
400,896
219,819

Cash at bank and in hand
  
1,992,788
1,856,296

  
2,393,684
2,076,115

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(627,892)
(454,236)

Net current assets
  
 
 
1,765,792
 
 
1,621,879

Total assets less current liabilities
  
1,769,662
1,625,201

Creditors: amounts falling due after more than one year
 8 
(1,954,715)
(1,570,547)

  

Net (liabilities)/assets
  
(185,053)
54,654


Capital and reserves
  

Called up share capital 
 9 
2
2

Share premium account
  
186,323
186,323

Other reserves
  
186,020
186,020

Profit and loss account
  
(557,398)
(317,691)

  
(185,053)
54,654


Page 1

 
COGENCY GLOBAL (UK) LIMITED
REGISTERED NUMBER:08010712
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

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 17 June 2025.


P Sivaramakrishnan
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
COGENCY GLOBAL (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Cogency Global (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Lloyds Avenue, Unit 4Cl, London, EC3N 3AX.
The principal activity of the company continued to be that of process service agents.

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

Exemption from preparing consolidated financial statements

The Company is exempt from the requirement to prepare consolidated financial statements as all of its subsidiaries are required to be excluded from consolidation by section 402 of the Companies Act 2006.

 
2.3

Going concern

The directors considers that the company is a going concern and will continue to be so for the foreseeable future. In arriving at this conclusion, the directors has considered the large cash reserves of £1,992,788 (2024 - £1,856,296), along with the continued support of its ultimate parent company.

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

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

 
COGENCY GLOBAL (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Turnover

Turnover represents amounts receivable for process agent and other services net of VAT. 
Turnover from process agent services is recognised over the period of the contract on a time apportioned basis.
Turnover relating to all other services is recognised in the same period as the services were performed. 

 
2.6

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.7

Interest income

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

 
2.8

Pensions

Defined contribution pension plan

The Company contributes to 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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

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:

Long-term leasehold property
-
20%
Fully depreciated
Fixtures and fittings
-
20%
Computer equipment
-
33%

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

 
COGENCY GLOBAL (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.12

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.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. 

  
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, other third parties, loans to related parties and investments in ordinary shares. 


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2024 - 7).

Page 5

 
COGENCY GLOBAL (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost 


At 1 April 2024
5,136
9,066
14,156
28,358


Additions
-
1,348
1,766
3,114



At 31 March 2025

5,136
10,414
15,922
31,472



Depreciation


At 1 April 2024
5,136
7,120
12,781
25,037


Charge for the year on owned assets
-
750
1,816
2,566



At 31 March 2025

5,136
7,870
14,597
27,603



Net book value



At 31 March 2025
-
2,544
1,325
3,869



At 31 March 2024
-
1,946
1,375
3,321


5.


Fixed asset investments





Investments in subsidiary company

£



Cost


At 1 April 2024
1



At 31 March 2025
1




Page 6

 
COGENCY GLOBAL (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Entity Central Corporate Services (UK) Limited
6 Lloyds Avenue, Unit 4 CL, London, England, EC3N 3AX
Ordinary
100%

The subsidiary is dormant. 


6.


Debtors

2025
2024
£
£


Trade debtors
361,284
172,525

Amounts owed by group undertakings
2,658
4,827

Other debtors
11,360
13,264

Prepayments and accrued income
25,594
29,203

400,896
219,819



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
14,124
19,651

Amounts owed to group undertakings
6,159
4,214

Other creditors
35,086
15,564

Accruals and deferred income
572,523
414,807

627,892
454,236



8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Accruals and deferred income
1,954,715
1,570,547



9.


Share capital

2025
2024
£
£
Page 7

 
COGENCY GLOBAL (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.Share capital (continued)

Allotted, called up and fully paid



2 (2024 - 2) Ordinary shares of £1.00 each
2
2



10.


Reserves

Other reserves
The other reserve consists of a cancellation of shares and the premium paid on them at issue. This reserve is a distributable reserve.


11.


Pension commitments

The Company contributes to 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 £33,508 (2024 - £20,419). Contributions totalling £3,371 (2024 - £2,662) were payable to the fund at the reporting date and are included in creditors.


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
44,861
44,861

Later than 1 year and not later than 5 years
-
44,861

44,861
89,722


13.


Related party transactions

The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.


14.


Controlling party

The ultimate parent and controlling undertaking is Cogency Global Inc, a company registered at 850 New Burton Road, Suite 201, 19904, in the United States of America. Cogency Global Inc is the parent company of the largest and smallest group of which Cogency Global (UK) Limited is a member and for which group financial statements are drawn up.

Page 8

 
COGENCY GLOBAL (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

15.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 17 June 2025 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 9