Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31No description of principal activity15152024-04-01truefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03951756 2024-04-01 2025-03-31 03951756 2023-04-01 2024-03-31 03951756 2025-03-31 03951756 2024-03-31 03951756 2023-04-01 03951756 c:Director1 2024-04-01 2025-03-31 03951756 d:PlantMachinery 2024-04-01 2025-03-31 03951756 d:PlantMachinery 2025-03-31 03951756 d:PlantMachinery 2024-03-31 03951756 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03951756 d:PatentsTrademarksLicencesConcessionsSimilar 2024-04-01 2025-03-31 03951756 d:PatentsTrademarksLicencesConcessionsSimilar 2025-03-31 03951756 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 03951756 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 03951756 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 03951756 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 03951756 d:ComputerSoftware 2025-03-31 03951756 d:ComputerSoftware 2024-03-31 03951756 d:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 03951756 d:CurrentFinancialInstruments 2025-03-31 03951756 d:CurrentFinancialInstruments 2024-03-31 03951756 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 03951756 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03951756 d:ShareCapital 2025-03-31 03951756 d:ShareCapital 2024-03-31 03951756 d:ShareCapital 2023-04-01 03951756 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 03951756 d:RetainedEarningsAccumulatedLosses 2025-03-31 03951756 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 03951756 d:RetainedEarningsAccumulatedLosses 2024-03-31 03951756 d:RetainedEarningsAccumulatedLosses 2023-04-01 03951756 c:FRS102 2024-04-01 2025-03-31 03951756 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03951756 c:FullAccounts 2024-04-01 2025-03-31 03951756 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03951756 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2024-04-01 2025-03-31 03951756 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2024-04-01 2025-03-31 03951756 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2024-04-01 2025-03-31 03951756 2 2024-04-01 2025-03-31 03951756 4 2024-04-01 2025-03-31 03951756 d:ExternallyAcquiredIntangibleAssets 2024-04-01 2025-03-31 03951756 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2024-04-01 2025-03-31 03951756 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-04-01 2025-03-31 03951756 d:ComputerSoftware d:OwnedIntangibleAssets 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 03951756









REDCLIFFE TRAINING ASSOCIATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
REDCLIFFE TRAINING ASSOCIATES LIMITED
REGISTERED NUMBER: 03951756

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
45,663
57,983

Tangible assets
 5 
10,982
11,095

  
56,645
69,078

Current assets
  

Debtors: amounts falling due within one year
 6 
223,634
410,140

Cash at bank and in hand
 7 
855,557
3,204,125

  
1,079,191
3,614,265

Creditors: amounts falling due within one year
 8 
(680,797)
(2,232,183)

Net current assets
  
398,394
1,382,082

  

Net assets
  
455,039
1,451,160


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
454,939
1,451,060

  
455,039
1,451,160


The director considers 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 director acknowledges his 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 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 on 21 July 2025.



................................................
Gary Mond
Director

Page 1

 
REDCLIFFE TRAINING ASSOCIATES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2023
100
1,246,332
1,246,432


Comprehensive income for the year

Profit for the year
-
204,728
204,728



At 1 April 2024
100
1,451,060
1,451,160


Comprehensive income for the year

Profit for the year
-
453,879
453,879

Dividends: Equity capital
-
(1,450,000)
(1,450,000)


At 31 March 2025
100
454,939
455,039


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

Page 2

 
REDCLIFFE TRAINING ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Redcliffe Training Associates Limited is a private company limited by share capital, incorporated in England and Wales, registration number 03951756. The address of the registered office is 1 Abbey View, London, NW7 4PB.

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

Going concern

The financial statements have been prepared on a going concern basis as the director believes adequate resources exist to enable it to meet its working capital requirements for at least twelve months from approval of these financial statements.

 
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:

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.

 
2.4

Interest income

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

Page 3

 
REDCLIFFE TRAINING ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan
The Company contributes into a defined contribution personal pension plan for its employees. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Profit and Loss Account when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance Sheet.

 
2.6

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.

 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.8

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.

 Amortisation is provided on the following bases:

Data Lists
-
25%
reducing balance
Website costs
-
25%
straight line
Computer software
-
25%
straight line

 
2.9

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.

Page 4

 
REDCLIFFE TRAINING ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance

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.

 
2.10

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.

 
2.11

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. 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.

 
2.12

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.

 
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 banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 5

 
REDCLIFFE TRAINING ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2024 - 15).


4.


Intangible assets




Data lists
Website costs
Computer software
Total

£
£
£
£



Cost


At 1 April 2024
104,087
44,328
95,125
243,540


Additions
-
8,230
-
8,230



At 31 March 2025

104,087
52,558
95,125
251,770



Amortisation


At 1 April 2024
81,817
18,470
85,270
185,557


Charge for the year on owned assets
5,568
11,253
3,729
20,550



At 31 March 2025

87,385
29,723
88,999
206,107



Net book value



At 31 March 2025
16,702
22,835
6,126
45,663



At 31 March 2024
22,270
25,858
9,855
57,983



Page 6

 
REDCLIFFE TRAINING ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2024
26,150


Additions
4,871


Disposals
(5,820)



At 31 March 2025

25,201



Depreciation


At 1 April 2024
15,055


Charge for the year on owned assets
3,649


Disposals
(4,485)



At 31 March 2025

14,219



Net book value



At 31 March 2025
10,982



At 31 March 2024
11,095


6.


Debtors

2025
2024
£
£


Trade debtors
191,754
394,303

Other debtors
-
600

Prepayments and accrued income
31,880
15,237

223,634
410,140


Page 7

 
REDCLIFFE TRAINING ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
855,557
3,204,125

855,557
3,204,125



8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
39,634
29,623

Amounts owed to group undertakings
-
1,380,000

Corporation tax
156,421
74,124

Other taxation and social security
40,784
50,034

Other creditors
2,246
1,871

Accruals and deferred income
441,712
696,531

680,797
2,232,183


Amounts owed to group undertakings are interest-free, unsecured and repayable on demand.


9.


Pension commitments

The Company contributes into a defined contributions personal pension plan. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £10,806 (2024 - £10,979). Contributions totalling £2,246 (2024 - £1,871) were payable to the fund at the balance sheet date and are included in creditors.


10.


Related party transactions

Included in amounts owed to group undertakings falling due with one year is an amount of £nil (2024: £1,380,000) owed to NJA Projects Ltd (formerly Redcliffe59 Ltd). The director of NJA Projects Ltd (formerly Redcliffe59 Ltd) is also the director of Redcliffe Training Associates Ltd. 
Amounts owed to group undertakings are unsecured, have no fixed date of repayment and are repayable on demand.

 
Page 8