Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01false66truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14113404 2023-10-01 2024-09-30 14113404 2022-10-01 2023-09-30 14113404 2024-09-30 14113404 2023-09-30 14113404 c:Director2 2023-10-01 2024-09-30 14113404 d:OfficeEquipment 2023-10-01 2024-09-30 14113404 d:OfficeEquipment 2024-09-30 14113404 d:OfficeEquipment 2023-09-30 14113404 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 14113404 d:ComputerEquipment 2023-10-01 2024-09-30 14113404 d:ComputerEquipment 2024-09-30 14113404 d:ComputerEquipment 2023-09-30 14113404 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 14113404 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 14113404 d:CurrentFinancialInstruments 2024-09-30 14113404 d:CurrentFinancialInstruments 2023-09-30 14113404 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 14113404 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 14113404 d:ShareCapital 2024-09-30 14113404 d:ShareCapital 2023-09-30 14113404 d:RetainedEarningsAccumulatedLosses 2024-09-30 14113404 d:RetainedEarningsAccumulatedLosses 2023-09-30 14113404 c:OrdinaryShareClass1 2023-10-01 2024-09-30 14113404 c:OrdinaryShareClass1 2024-09-30 14113404 c:OrdinaryShareClass1 2023-09-30 14113404 c:FRS102 2023-10-01 2024-09-30 14113404 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 14113404 c:FullAccounts 2023-10-01 2024-09-30 14113404 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14113404 2 2023-10-01 2024-09-30 14113404 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14113404














RUTHERTWO LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
RUTHERTWO LTD
REGISTERED NUMBER:14113404

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
14,567
17,042

  
14,567
17,042

Current assets
  

Debtors: amounts falling due within one year
 5 
168,221
84,585

Cash at bank
 6 
148,190
73,307

  
316,411
157,892

Creditors: amounts falling due within one year
 7 
(826,969)
(327,965)

Net current liabilities
  
 
 
(510,558)
 
 
(170,073)

Total assets less current liabilities
  
(495,991)
(153,031)

  

Net liabilities
  
(495,991)
(153,031)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(496,091)
(153,131)

  
(495,991)
(153,031)


Page 1

 
RUTHERTWO LTD
REGISTERED NUMBER:14113404
    
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: 




M J C C Rutherford
Director

Date: 10 July 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
RUTHERTWO LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Ruthertwo Ltd is a private company, limited by shares, registered in England and Wales, registration number 14113404. The registered office address is 25 Ives Street, London, SW3 2ND.
The principal activity of the company continued to be that of musician and touring activities.
 
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 the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

The financial statements have been prepared on the going concern basis as the directors have confirmed that they will continue to provide necessary funding in order for the company to maintain its operations and meet liabilities in full for at least the next 12 months. On this basis, the directors are satisfied that the financial statements should be prepared on a going concern basis.

 
2.3

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 that relate to borrowings and cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.4

Turnover

Turnover 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.
Turnover from the musician and touring activities is recognised when it is probable the company will receive the right to the consideration due under the contract.
Touring income is recognised once the performance has taken place.
Recharged income is recognised when the corresponding expenses have been incurred on behalf of other entities.

Page 3

 
RUTHERTWO LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Interest income

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

 
2.6

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.

 
2.7

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:

Studio equipment
-
25%
straight-line
Computer equipment
-
25%
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.

 
2.8

Debtors

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

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.10

 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.

Page 4

 
RUTHERTWO LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


Tangible fixed assets





Studio equipment
Computer equipment
Total

£
£
£



Cost 


At 1 October 2023
13,089
10,896
23,985


Additions
4,078
-
4,078



At 30 September 2024

17,167
10,896
28,063



Depreciation


At 1 October 2023
4,339
2,604
6,943


Charge for the year
3,829
2,724
6,553



At 30 September 2024

8,168
5,328
13,496



Net book value



At 30 September 2024
8,999
5,568
14,567



At 30 September 2023
8,750
8,292
17,042


5.


Debtors

2024
2023
£
£


Trade debtors
90,000
-

Other debtors
4,980
73,731

Prepayments and accrued income
73,241
10,854

168,221
84,585


Page 5

 
RUTHERTWO LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Cash

2024
2023
£
£

Cash at bank
148,190
73,307



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
1,771
928

Other taxation and social security
-
2,664

Other creditors
742,601
323,856

Accruals and deferred income
82,597
517

826,969
327,965



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) ordinary shares of £1.00 each
100
100



9.


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 £4,096 (2023 -£5,094). Contributions totalling £806 (2023 - £1,535) were payable to the fund at the balance sheet date and are included in creditors.


10.


Transactions with directors

During the year, the directors advanced £425,000 (2023 - £374,539) to the company. As at the year end, the company owed £719,558 (2023 - £318,497) to the directors. This loan is interest free, repayable on demand, and unsecured.

 
Page 6