Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31112024-04-01falseNo description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11542344 2024-04-01 2025-03-31 11542344 2023-04-01 2024-03-31 11542344 2025-03-31 11542344 2024-03-31 11542344 c:Director3 2024-04-01 2025-03-31 11542344 d:OfficeEquipment 2024-04-01 2025-03-31 11542344 d:OfficeEquipment 2025-03-31 11542344 d:OfficeEquipment 2024-03-31 11542344 d:CurrentFinancialInstruments 2025-03-31 11542344 d:CurrentFinancialInstruments 2024-03-31 11542344 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 11542344 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11542344 d:ShareCapital 2025-03-31 11542344 d:ShareCapital 2024-03-31 11542344 d:RetainedEarningsAccumulatedLosses 2025-03-31 11542344 d:RetainedEarningsAccumulatedLosses 2024-03-31 11542344 c:FRS102 2024-04-01 2025-03-31 11542344 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11542344 c:FullAccounts 2024-04-01 2025-03-31 11542344 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11542344 2 2024-04-01 2025-03-31 11542344 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 11542344









ILLIO UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
ILLIO UK LIMITED
REGISTERED NUMBER: 11542344

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
19,233

  
-
19,233

Current assets
  

Debtors: amounts falling due within one year
 5 
13,799
81,878

Cash at bank and in hand
 6 
124,781
120,235

  
138,580
202,113

Creditors: amounts falling due within one year
 7 
(7,977,299)
(7,187,068)

Net current liabilities
  
 
 
(7,838,719)
 
 
(6,984,955)

Total assets less current liabilities
  
(7,838,719)
(6,965,722)

  

Net liabilities
  
(7,838,719)
(6,965,722)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(7,838,819)
(6,965,822)

  
(7,838,719)
(6,965,722)


Page 1

 
ILLIO UK LIMITED
REGISTERED NUMBER: 11542344
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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 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: 




D Post
Director

Date: 12 August 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ILLIO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Illio UK Limited is a private company, limited by shares, registered in England and Wales (Registration Number - 11542344). The company's registered office is 85 Great Portland Street, London, England, W1W 7LT.
The functional and presentational currency of the Company is GBP.

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

In assessing the ability of the company to operate as a going concern, managemnet have evaluated current and forecasted operational results, and the solvency of the company. The directors have obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

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.

Page 3

 
ILLIO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Interest income

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

Page 4

 
ILLIO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.7

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.


 
2.8

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
33%
reducing balance method

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.

 
2.9

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.

 
2.10

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.

 
2.11

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 5

 
ILLIO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 11).


4.


Tangible fixed assets





Office equipment

£





At 1 April 2024
31,496


Disposals
(31,496)



At 31 March 2025

-





At 1 April 2024
12,263


Disposals
(12,263)



At 31 March 2025

-



Net book value



At 31 March 2025
-



At 31 March 2024
19,233

Page 6

 
ILLIO UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Debtors

2025
2024
£
£


Trade debtors
-
57,797

Amounts owed by group undertakings
10,308
802

Other debtors
958
6,273

Prepayments and accrued income
2,533
17,006

13,799
81,878



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
124,781
120,235

124,781
120,235



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
10,988
28,083

Amounts owed to group undertakings
5,564,928
5,614,065

Other taxation and social security
2,656
34,403

Other creditors
2,381,320
1,424,970

Accruals and deferred income
17,407
85,547

7,977,299
7,187,068


 
Page 7