Caseware UK (AP4) 2024.0.164 2024.0.164 2023-01-01falseSupport for parent company20truetruefalse NI648855 2023-01-01 2023-12-31 NI648855 2022-01-01 2022-12-31 NI648855 2023-12-31 NI648855 2022-12-31 NI648855 c:Director1 2023-01-01 2023-12-31 NI648855 d:FurnitureFittings 2023-01-01 2023-12-31 NI648855 d:OfficeEquipment 2023-01-01 2023-12-31 NI648855 d:ComputerEquipment 2023-01-01 2023-12-31 NI648855 d:ComputerEquipment 2023-12-31 NI648855 d:ComputerEquipment 2022-12-31 NI648855 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI648855 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 NI648855 d:Goodwill 2023-01-01 2023-12-31 NI648855 d:CurrentFinancialInstruments 2023-12-31 NI648855 d:CurrentFinancialInstruments 2022-12-31 NI648855 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI648855 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 NI648855 d:ShareCapital 2023-12-31 NI648855 d:ShareCapital 2022-12-31 NI648855 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI648855 d:RetainedEarningsAccumulatedLosses 2022-12-31 NI648855 d:RetainedEarningsAccumulatedLosses 2022-01-01 NI648855 c:FRS102 2023-01-01 2023-12-31 NI648855 c:Audited 2023-01-01 2023-12-31 NI648855 c:FullAccounts 2023-01-01 2023-12-31 NI648855 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI648855 d:Subsidiary1 2023-01-01 2023-12-31 NI648855 d:Subsidiary1 1 2023-01-01 2023-12-31 NI648855 d:Subsidiary2 2023-01-01 2023-12-31 NI648855 d:Subsidiary2 1 2023-01-01 2023-12-31 NI648855 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI648855 c:Consolidated 2023-12-31 NI648855 c:ConsolidatedGroupCompanyAccounts 2023-01-01 2023-12-31 NI648855 2 2023-01-01 2023-12-31 NI648855 6 2023-01-01 2023-12-31 NI648855 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: NI648855






BAMBOO ROSE LTD

 
Director's report and Group financial statements
Information for filing with the registrar
For the period ended 31 December 2023

 
BAMBOO ROSE LTD
Registered number:NI648855

Consolidated balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
2,752,465
-

Tangible assets
 5 
29,803
8,191

  
2,782,268
8,191

Current assets
  

Debtors: amounts falling due within one year
 7 
374,920
586,580

Cash at bank and in hand
 8 
273,390
96,177

  
648,310
682,757

Creditors: amounts falling due within one year
 9 
(2,746,585)
(287,350)

Net current (liabilities)/assets
  
 
 
(2,098,275)
 
 
395,407

Total assets less current liabilities
  
683,993
403,598

Creditors: amounts falling due after more than one year
 10 
(315,554)
-

Provisions for liabilities
  

Net assets excluding pension asset
  
368,439
403,598

Net assets
  
368,439
403,598


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
368,438
403,597

Equity attributable to owners of the parent Company
  
368,439
403,598

  
368,439
403,598


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BAMBOO ROSE LTD
Registered number:NI648855

Consolidated balance sheet (continued)
As at 31 December 2023

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 consolidated 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 27 June 2025.




Matthew Stevens
Director

The notes on pages 5 to 16 form part of these financial statements.

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BAMBOO ROSE LTD
Registered number:NI648855

Company balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
14,828
8,191

Investments
 6 
2,095,258
-

  
2,110,086
8,191

Current assets
  

Debtors: amounts falling due within one year
 7 
7,405
586,579

Cash at bank and in hand
 8 
55,026
96,177

  
62,431
682,756

Creditors: amounts falling due within one year
 9 
(1,657,932)
(287,350)

Net current (liabilities)/assets
  
 
 
(1,595,501)
 
 
395,406

Total assets less current liabilities
  
514,585
403,597

  

  

Net assets excluding pension asset
  
514,585
403,597

Net assets
  
514,585
403,597


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account brought forward
  
403,596
289,995

Profit for the period
  
110,988
113,601

Profit and loss account carried forward
  
514,584
403,596

  
514,585
403,597


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BAMBOO ROSE LTD
Registered number:NI648855

Company balance sheet (continued)
As at 31 December 2023

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 consolidated 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 27 June 2025.



Matthew Stevens
Director

The notes on pages 5 to 16 form part of these financial statements.

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BAMBOO ROSE LTD
 
 
Notes to the financial statements
For the period ended 31 December 2023

1.


General information

Bamboo Rose Ltd is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements.
The financial statements are presented in sterling, rounded to the nearest pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The consolidated 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 Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.

The following principal accounting policies have been applied:

 
2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.
In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 14 September 2023.

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BAMBOO ROSE LTD
 

Notes to the financial statements
For the period ended 31 December 2023

2.Accounting policies (continued)

 
2.3

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 Consolidated statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

On consolidation, the results of overseas operations are translated into Sterling at rates approximating to those ruling when the transactions took place. All assets and liabilities of overseas operations are translated at the rate ruling at the reporting date. Exchange differences arising on translating the opening net assets at opening rate and the results of overseas operations at actual rate are recognised in other comprehensive income.

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BAMBOO ROSE LTD
 

Notes to the financial statements
For the period ended 31 December 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group 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 Group has transferred the significant risks and rewards of ownership to the buyer;
the Group 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 Group 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 Group 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.

 
2.5

Operating leases: the Group as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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BAMBOO ROSE LTD
 

Notes to the financial statements
For the period ended 31 December 2023

2.Accounting policies (continued)

 
2.6

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.7

Interest income

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

 
2.8

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.

 
2.9

Borrowing costs

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

 
2.10

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group 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 Group in independently administered funds.

 
2.11

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 and the Group operate and generate income.


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BAMBOO ROSE LTD
 

Notes to the financial statements
For the period ended 31 December 2023

2.Accounting policies (continued)

 
2.12

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated statement of comprehensive income over its useful economic life.

Other 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.

 The estimated useful lives range as follows:

Development expenditure
-
5
years
Goodwill
-
10
years

 
2.13

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:

Fixtures and fittings
-
25%
Office equipment
-
33%
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.

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BAMBOO ROSE LTD
 

Notes to the financial statements
For the period ended 31 December 2023

2.Accounting policies (continued)

 
2.14

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Group shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Consolidated statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.15

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.

 
2.16

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.

 
2.17

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 40 (2022 - 20).

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BAMBOO ROSE LTD
 
 
Notes to the financial statements
For the period ended 31 December 2023

4.


Intangible assets

Group and Company





Development expenditure
Goodwill
Total

£
£
£



Cost


Additions
117,809
1,677,079
1,794,888


On acquisition of subsidiaries
2,886,784
-
2,886,784



At 31 December 2023

3,004,593
1,677,079
4,681,672



Amortisation


Charge for the period on owned assets
112,524
41,927
154,451


On acquisition of subsidiaries
1,774,756
-
1,774,756



At 31 December 2023

1,887,280
41,927
1,929,207



Net book value



At 31 December 2023
1,117,313
1,635,152
2,752,465



At 31 December 2022
-
-
-


The individual intangible assets which are material to the financial statements are costs relating to internally generated projects that are expected to generate future economic benefits.
As at the balance sheet date, the net book value of development costs was £1.1 million. These assets are amortised on a straight-line basis over their estimated useful economic life of five years.


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BAMBOO ROSE LTD
 
 
Notes to the financial statements
For the period ended 31 December 2023

5.


Tangible fixed assets

Group






Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
-
-
60,342
60,342


Additions
-
-
15,206
15,206


Acquisition of subsidiary
69,724
17,650
64,884
152,258


Disposals
-
-
(21,078)
(21,078)



At 31 December 2023

69,724
17,650
119,354
206,728



Depreciation


At 1 January 2023
-
-
52,152
52,152


Charge for the period on owned assets
645
95
10,441
11,181


Disposals
-
-
(20,648)
(20,648)


Acquisition of subsidiary
63,412
17,236
53,592
134,240



At 31 December 2023

64,057
17,331
95,537
176,925



Net book value



At 31 December 2023
5,667
319
23,817
29,803



At 31 December 2022
-
-
8,191
8,191

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BAMBOO ROSE LTD
 
 
Notes to the financial statements
For the period ended 31 December 2023

           5.Tangible fixed assets (continued)


Company






Computer equipment

£

Cost or valuation


At 1 January 2023
60,342


Additions
14,251



At 31 December 2023

74,593



Depreciation


At 1 January 2023
52,152


Charge for the period on owned assets
7,613



At 31 December 2023

59,765



Net book value



At 31 December 2023
14,828



At 31 December 2022
8,191






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BAMBOO ROSE LTD
 
 
Notes to the financial statements
For the period ended 31 December 2023

6.


Fixed asset investments

Company





Investments in subsidiary companies

£



Cost or valuation


Additions
2,095,258



At 31 December 2023
2,095,258





Direct subsidiary undertakings


The following were direct subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Solutions for Retail Brands Ltd
Water Court
116-118 Canal Street
Nottingham
NG1 7HF
Ordinary
100%
Supply Pilot Ltd
Water Court
116-118 Canal Street
Nottingham
NG1 7HF
Ordinary
100%


Indirect subsidiary undertaking


The following was an indirect subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Solutions for Retail Brands Inc
Water Court
116-118 Canal Street
Nottingham
NG1 7HF
Ordinary
100%

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BAMBOO ROSE LTD
 
 
Notes to the financial statements
For the period ended 31 December 2023

7.


Debtors

Group
Group
Company
Company
2023
2022
2023
2022
£
£
£
£


Trade debtors
245,740
-
-
-

Amounts owed by group undertakings
-
564,279
-
564,279

Other debtors
7,570
6,122
7,570
6,121

Prepayments and accrued income
121,610
16,179
(165)
16,179

374,920
586,580
7,405
586,579



8.


Cash and cash equivalents

Group
Group
Company
Company
2023
2022
2023
2022
£
£
£
£

Cash at bank and in hand
273,390
96,177
55,026
96,177

Less: bank overdrafts
(14,977)
-
-
-

258,413
96,177
55,026
96,177



9.


Creditors: Amounts falling due within one year

Group
Group
Company
Company
2023
2022
2023
2022
£
£
£
£

Bank overdrafts
14,977
-
-
-

Trade creditors
61,748
27,558
27,651
27,558

Amounts owed to group undertakings
1,076,218
-
1,076,218
-

Corporation tax
25,024
25,000
25,024
25,000

Other taxation and social security
260,690
100,306
235,812
100,306

Other creditors
30,828
-
-
-

Accruals and deferred income
1,277,100
134,486
293,227
134,486

2,746,585
287,350
1,657,932
287,350


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BAMBOO ROSE LTD
 
 
Notes to the financial statements
For the period ended 31 December 2023

10.


Creditors: Amounts falling due after more than one year

Group
Group
2023
2022
£
£

Accruals and deferred income
315,554
-

315,554
-



11.


Pension commitments

The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group  in an independently administered fund. The pension cost charge represents contributions payable by the Group  to the fund and amounted to £146,716 (2022 - £72,057) . Contributions totalling £10,845 (2022 - £11,101) were payable to the fund at the balance sheet date and are included in creditors.


12.


Controlling party

The parent undertaking is Bamboo Rose LLC incorporated in the United States of America. The registered office of the parent undertaking is 17 Rogers Street, Gloucester, Massachusetts, USA 01930.


13.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2023 was unqualified.

The audit report was signed on 27 June 2025 by Adrian Patton (Senior statutory auditor) on behalf of Sumer AuditCo NI Ltd.

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