Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30The principal activity of the company continued to be of investment in trading companies.falsetrue2023-10-0122trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08222949 2023-10-01 2024-09-30 08222949 2022-10-01 2023-09-30 08222949 2024-09-30 08222949 2023-09-30 08222949 c:Director1 2023-10-01 2024-09-30 08222949 d:ComputerEquipment 2023-10-01 2024-09-30 08222949 d:ComputerEquipment 2024-09-30 08222949 d:ComputerEquipment 2023-09-30 08222949 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08222949 d:CurrentFinancialInstruments 2024-09-30 08222949 d:CurrentFinancialInstruments 2023-09-30 08222949 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 08222949 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08222949 d:ShareCapital 2024-09-30 08222949 d:ShareCapital 2023-09-30 08222949 d:RetainedEarningsAccumulatedLosses 2024-09-30 08222949 d:RetainedEarningsAccumulatedLosses 2023-09-30 08222949 c:OrdinaryShareClass1 2023-10-01 2024-09-30 08222949 c:OrdinaryShareClass1 2024-09-30 08222949 c:FRS102 2023-10-01 2024-09-30 08222949 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08222949 c:FullAccounts 2023-10-01 2024-09-30 08222949 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08222949 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 08222949 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 08222949 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 08222949 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 08222949 2 2023-10-01 2024-09-30 08222949 6 2023-10-01 2024-09-30 08222949 3 2024-09-30 08222949 3 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08222949














RAFTRIVER LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
RAFTRIVER LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
RAFTRIVER LIMITED
REGISTERED NUMBER:08222949

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,622
14,594

Investments
 5 
12,562,272
11,184,364

  
12,572,894
11,198,958

Current assets
  

Debtors: amounts falling due within one year
 6 
1,568,237
228,147

Cash at bank and in hand
 7 
48,542
2,199,783

  
1,616,779
2,427,930

Creditors: amounts falling due within one year
 8 
(251,740)
(253,800)

Net current assets
  
 
 
1,365,039
 
 
2,174,130

Total assets less current liabilities
  
13,937,933
13,373,088

  

Net assets
  
13,937,933
13,373,088


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
13,937,833
13,372,988

  
13,937,933
13,373,088


1

 
RAFTRIVER LIMITED
REGISTERED NUMBER:08222949
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

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: 




A R Harbury
Director

Date: 7 July 2025

The notes on pages 3 to 8 form part of these financial statements.

2

 
RAFTRIVER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Raftriver Ltd is a private company, limited by shares, registered in England and Wales, registration number 08222949. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be of investment in trading companies. 

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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound 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.

 
2.3

Turnover

Turnover represents income from the entity's investment in trading companies which is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Interest income

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

3

 
RAFTRIVER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

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:

Computer equipment
-
33%
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.

4

 
RAFTRIVER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company 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 Profit and loss account 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.

 
2.9

Associates

Associates are held at cost less impairment.

 
2.10

 Debtors

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

 
2.11

 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.

 
2.12

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

 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, loans from related parties and investments in ordinary shares.

 
2.14

 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 year was 2 (2023 - 2).

5

 
RAFTRIVER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 October 2023
81,908


Additions
3,537


Disposals
(60,058)



At 30 September 2024

25,387



Depreciation


At 1 October 2023
67,314


Charge for the year
7,509


Disposals
(60,058)



At 30 September 2024

14,765



Net book value



At 30 September 2024
10,622



At 30 September 2023
14,594

6

 
RAFTRIVER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Other fixed asset investments
Total

£
£
£
£



Cost or valuation


At 1 October 2023
-
10,178,268
1,006,096
11,184,364


Additions
1,474,879
-
21,750
1,496,629


Revaluations
-
-
(118,692)
(118,692)


On acquisition of subsidiaries
4,070,196
(4,070,196)
-
-



At 30 September 2024

5,545,075
6,108,072
909,154
12,562,301



Impairment


Charge for the period
-
30
-
30



At 30 September 2024

-
30
-
30



Net book value



At 30 September 2024
5,545,075
6,108,042
909,154
12,562,271



At 30 September 2023
-
10,178,268
1,006,096
11,184,364


6.


Debtors

2024
2023
£
£


Other debtors
1,567,494
227,462

Prepayments and accrued income
743
685

1,568,237
228,147



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
48,542
2,199,783


7

 
RAFTRIVER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
240,000
240,000

Accruals and deferred income
11,740
13,800

251,740
253,800



9.


Deferred taxation

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
2,656
1,973

Tax losses carried forward
(2,656)
(1,973)

-
-


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100


11.

Pension commitments

The pension cost charge represents the contributions paid by the company to the fund and amounted to £NIL (2023 - £8,000). Contributions totalling £NIL (2023 - £NIL) were payable to the fund at the balance sheet date.

12.


Related party transactions

At the year end, £1,497,482 (2023 - £115,719) was owed by the directors. The interest at official interest rate was included and there are no fixed repayment terms.
 
At the year end, £240,000 (2023 - £240,000) was owed to a connected company, the loan is repayable on demand.

During the year, the company paid dividends totalling £700,000 (2023 - £3,000,000) to the directors.

 
8