Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31falsefalsefalseNo description of principal activity2023-10-258trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15234574 2023-10-24 15234574 2023-10-25 2025-03-31 15234574 2022-10-25 2023-10-24 15234574 2025-03-31 15234574 c:Director6 2023-10-25 2025-03-31 15234574 d:CurrentFinancialInstruments 2025-03-31 15234574 d:Non-currentFinancialInstruments 2025-03-31 15234574 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 15234574 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 15234574 d:RetainedEarningsAccumulatedLosses 2025-03-31 15234574 c:FRS102 2023-10-25 2025-03-31 15234574 c:AuditExempt-NoAccountantsReport 2023-10-25 2025-03-31 15234574 c:FullAccounts 2023-10-25 2025-03-31 15234574 c:CompanyLimitedByGuarantee 2023-10-25 2025-03-31 15234574 2 2023-10-25 2025-03-31 15234574 6 2023-10-25 2025-03-31 15234574 e:PoundSterling 2023-10-25 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 15234574










THE BUSY GROUP UK
(A company limited by guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

 
THE BUSY GROUP UK
 
(A company limited by guarantee)
REGISTERED NUMBER: 15234574

BALANCE SHEET
AS AT 31 MARCH 2025

2025
Note
£

Fixed assets
  

Investments
  
3,680,279

  
3,680,279

Current assets
  

Debtors: amounts falling due within one year
 5 
172,338

Cash at bank and in hand
 6 
49,656

  
221,994

Creditors: amounts falling due within one year
 7 
(186,217)

Net current assets
  
 
 
35,777

Creditors: amounts falling due after more than one year
  
(5,838,614)

  

Net (liabilities)/assets
  
(2,122,558)


Capital and reserves
  

Profit and loss account
  
(2,122,558)

  
(2,122,558)


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 period 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 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 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 24 July 2025.




Paul Miles
Page 1

 
THE BUSY GROUP UK
 
(A company limited by guarantee)
REGISTERED NUMBER: 15234574
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
THE BUSY GROUP UK

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

1.


General information

The Busy Group UK is private limited company by guarantee incorporated in England and Wales, company number 15234574. The registered office is Suite 1 Triangle Business Park, Pentrebach, Merthyr Tydfil, Wales, CF48 4TQ. The Company was incorporated on 25 October 2023 and the financial statements cover the period from incorporation to 31 March 2025.
The financial statements are presented in pound sterling which is the functional and presentational currency of the Company and rounded to the nearest pound. 
The significant accounting policies applied in the preparation of the financial statements are set out below.

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 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

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

 
2.3

Going concern

The financial statements have been prepared on a going concern basis which is dependent upon the continued financial support of the Company's creditors.

 
2.4

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:

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 Company 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.

Page 3

 
THE BUSY GROUP UK

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Interest income

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

 
2.6

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.

 
2.7

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 Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

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.

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


       31 March
        2025
            No.






Directors
8

Page 4

 
THE BUSY GROUP UK

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
3,680,279



At 31 March 2025
3,680,279





5.


Debtors

2025
£


Other debtors
171,353

Prepayments and accrued income
985

172,338



6.


Cash and cash equivalents

2025
£

Cash at bank and in hand
49,656



7.


Creditors: Amounts falling due within one year

2025
£

Other taxation and social security
114,408

Other creditors
71,809

186,217


Page 5

 
THE BUSY GROUP UK

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

8.


Creditors: Amounts falling due after more than one year

2025
£

Amounts owed to group undertakings
5,838,614

5,838,614


The above amount is due to the parent company and is interest-free.



9.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


10.


Related party transactions

Where possible the Company has taken advantage of the exemption conferred by FRS 102 section 33.1A from the requirement to disclose transactions with other wholly owned group undertakings on the grounds that consolidated financial statements are prepared by the parent undertaking and are publicly available.


11.


Controlling party

The Directors consider the utimate controlling party to be the Busy Group Australia. 
 
Page 6