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Registered number: 01878114 (England and Wales)














RISK DECISIONS LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024


 
RISK DECISIONS LIMITED
 

 
COMPANY INFORMATION


Directors
J Litman 
G Morrison 
C Pate 




Registered number
01878114



Registered office
5th Floor Birchin Court
19-25 Birchin Lane

London

England

EC3V 9DU




Independent auditor
ZEDRA Corporate Reporting Services (UK) Limited






 
RISK DECISIONS LIMITED
 


CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 10



 
RISK DECISIONS LIMITED
REGISTERED NUMBER:01878114


BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
669

Tangible fixed assets
 5 
16,347
18,315

  
16,347
18,984

Current assets
  

Debtors: amounts falling due within one year
 6 
860,052
160,288

Cash at bank and in hand
  
454,422
545,519

  
1,314,474
705,807

Creditors: amounts falling due within one year
 7 
(786,364)
(453,436)

Net current assets
  
 
 
528,110
 
 
252,371

Total assets less current liabilities
  
544,457
271,355

Provisions for liabilities
  

Deferred tax
  
(1,920)
(1,920)

  
 
 
(1,920)
 
 
(1,920)

Net assets
  
542,537
269,435

Page 1


 
RISK DECISIONS LIMITED
REGISTERED NUMBER:01878114

    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
8,611
8,611

Profit and loss account
  
533,926
260,824

  
542,537
269,435

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 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 by: 

G Morrison
Director

Date: 31 July 2025

The notes on pages 4 to 10 form part of these financial statements.

Page 2


 
RISK DECISIONS LIMITED
 


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 May 2022
8,611
178,036
186,647


Comprehensive income for the year

Profit for the year
-
157,788
157,788

Dividends: equity capital
-
(75,000)
(75,000)



At 1 May 2023
8,611
260,824
269,435


Comprehensive income for the year

Profit for the year
-
323,102
323,102

Dividends: equity capital
-
(50,000)
(50,000)


At 30 April 2024
8,611
533,926
542,537


Page 3


 
RISK DECISIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies

 
1.1

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:

 
1.2

Going concern

The Company has generated a profit during the year. As at 30 April 2024, the Company is in a net asset position largely due to the intercompany balance owed from its fellow subsidiary Risk Decisions Pty Ltd which is dependent on financial support from the ultimate parent company, Lumivero, LLC. As such, the Company is also ultimately dependent on Lumivero, LLC for continued financial support and to remain a going concern. 
The Company has received written confirmation from Lumivero, LLC, that it will continue to provide financial support to the Company for a period of at least 12 months from the date of signing these financial statements. In assessing the Company's ability to continue as a going concern the directors have considered the Company forecasts and have concluded that there will be sufficient working capital for at least 12 months from the date of approval of these financial statements. For this reason, the directors continue to adopt the going concern basis in preparing the financial statements.

 
1.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

Page 4


 
RISK DECISIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies (continued)

 
1.4

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. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

The Company sells cloud-based products hosted by the Company, the subscription contracts for which are generally for service periods ranging from 1 to 36 months. Subscription turnover is recognised upon delivery of the services on a monthly basis, once the performance obligations are met. 
The Company also provides perpetual licences for on-premises software. Turnover is recognised in full once the licence key is issued as all performance obligations are complete on delivery. 
The Company also sells support and maintenance products, development and installation services, and training and support packages, which are recognised as follows:

Maintenance and support services are recognised over the term of the licence;

Development and installation service revenue is recognised once the development work is complete;

Training and support packages are offered to end users and revenue is recognised as the course is delivered to customers.

The Company also receives intercompany revenue from Risk Decisions Pty Ltd which is charged at a fixed percentage on sales, with the percentage dependent on the type of product sold.

 
1.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
1.6

Interest income

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

Page 5


 
RISK DECISIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies (continued)

 
1.7

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.

 
1.8

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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
1.9

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:

Trademarks
-
10%
Straight line

Page 6


 
RISK DECISIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies (continued)

 
1.10

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:

Plant and machinery
-
25% on cost
Fixtures and fittings
-
10% on cost

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.

 
1.11

Debtors

Short-term debtors are measured at the transaction price. Amounts owed by group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

  
1.12

Creditors

Short-term creditors are measured at the transaction price.

 
1.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
1.14

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.


2.


Auditors' information

The auditors' report on the financial statements for the year ended 30 April 2024 was unqualified.

The audit report was signed on 31 July 2025 by Edward Wallis ACA (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited.

Page 7


 
RISK DECISIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees

The average monthly number of employees during the year was 19 (2023 - 18).


4.


Intangible assets




Trademarks

£



Cost


At 1 May 2023
414,704



At 30 April 2024

414,704



Amortisation


At 1 May 2023
414,035


Charge for the year on owned assets
669



At 30 April 2024

414,704



Net book value



At 30 April 2024
-



At 30 April 2023
669



Page 8


 
RISK DECISIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 May 2023
72,017
-
72,017


Additions
7,632
-
7,632


Transfers between classes
(9,976)
9,976
-



At 30 April 2024

69,673
9,976
79,649



Depreciation


At 1 May 2023
53,702
-
53,702


Charge for the year on owned assets
9,600
-
9,600


Transfers between classes
(6,365)
6,365
-



At 30 April 2024

56,937
6,365
63,302



Net book value



At 30 April 2024
12,736
3,611
16,347



At 30 April 2023
18,315
-
18,315


6.


Debtors

2024
2023
£
£


Trade debtors
221,918
55,087

Amounts owed by group undertakings
568,775
78,144

Other debtors
39,843
5,107

Prepayments and accrued income
29,516
21,950

860,052
160,288


Page 9


 
RISK DECISIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

As restated
2024
2023
£
£

Trade creditors
13,055
10,160

Amounts owed to group undertakings
5,163
5,163

Corporation tax
132,188
-

Other taxation and social security
74,920
68,368

Other creditors
14,338
14,277

Accruals and deferred income
546,700
355,468

786,364
453,436


£12,165 has been reclassified from other creditors to accruals in the comparatives to better reflect the nature of this balance. 


8.


Controlling party

Lumivero, LLC is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 200 Middlefield Road, Suite 201, Menlo Park, CA 94025. 


9.


Post balance sheet events

In August 2024, the share capital of the Company was acquired by Lumivero, LLC. This is a non-adjusting event. 
There are no adjusting or other non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved.

 
Page 10