Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30truetrue2023-12-01falsefalseOther telecommunications services33The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13454562 2023-12-01 2024-11-30 13454562 2022-07-01 2023-11-30 13454562 2024-11-30 13454562 2023-11-30 13454562 1 2023-12-01 2024-11-30 13454562 d:Director2 2023-12-01 2024-11-30 13454562 d:Director3 2023-12-01 2024-11-30 13454562 c:CurrentFinancialInstruments 2024-11-30 13454562 c:CurrentFinancialInstruments 2023-11-30 13454562 c:CurrentFinancialInstruments c:WithinOneYear 2024-11-30 13454562 c:CurrentFinancialInstruments c:WithinOneYear 2023-11-30 13454562 c:ShareCapital 2024-11-30 13454562 c:ShareCapital 2023-11-30 13454562 c:RetainedEarningsAccumulatedLosses 2024-11-30 13454562 c:RetainedEarningsAccumulatedLosses 2023-11-30 13454562 d:FRS102 2023-12-01 2024-11-30 13454562 d:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 13454562 d:FullAccounts 2023-12-01 2024-11-30 13454562 d:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13454562 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure
Registered number: 13454562


SUBOPTIC FOUNDATION (UK) LTD
(FORMERLY KNOWN AS SUBOPTIC FOUNDATION LTD)
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 NOVEMBER 2024

 
SUBOPTIC FOUNDATION (UK) LTD
FORMERLY KNOWN AS SUBOPTIC FOUNDATION LTD
REGISTERED NUMBER:13454562

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
4,857
1

Cash at bank and in hand
  
5,228
16,243

  
10,085
16,244

Creditors: amounts falling due within one year
 5 
(3,203)
(13,642)

Net current assets
  
 
 
6,882
 
 
2,602

Total assets less current liabilities
  
6,882
2,602

  

Net assets
  
6,882
2,602


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
6,881
2,601

  
6,882
2,602


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: 

J Stowell
E McCormack
Director
Director
Date: 18 July 2025

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

Page 1

 
SUBOPTIC FOUNDATION (UK) LTD
FORMERLY KNOWN AS SUBOPTIC FOUNDATION LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Suboptic Foundation (UK) Ltd (13454562) is a private company limited by shares and is incorporated in England and Wales. The address of its registered office is 27 Old Gloucester Street, London, United Kingdom,WC1N 3AX.

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

Going concern

The financial statements have been prepared under the going concern based upon the continuing support from the parent company.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company 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:
The amount of revenue can be measured reliably and that it is probable that the Company will receive the consideration due under the contract.

 
2.4

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 operates and generates income.


 
2.5

Debtors

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

 
2.6

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.

Page 2

 
SUBOPTIC FOUNDATION (UK) LTD
FORMERLY KNOWN AS SUBOPTIC FOUNDATION LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
1
1

Other debtors
4,856
-



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
1,004
698

Other creditors
-
11,144

Accruals and deferred income
2,199
1,800

3,203
13,642



6.


Related party transactions

Included in other creditors is an interest free loan repayable on demand to the value of £11,144 (2023 - £11,144) due to a connected company. 
Also included within debtors is a loan of £1 (2022 - £1) to a parent company. This loan is provided interest free and repayable upon demand.


7.


Post balance sheet events

On 14 April 2025, the company was granted charitable status.

 
Page 3