Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 No description of principal activity 2024-01-01 false 0 0 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11511084 2024-01-01 2024-12-31 11511084 2023-01-01 2023-12-31 11511084 2024-12-31 11511084 2023-12-31 11511084 1 2024-01-01 2024-12-31 11511084 d:Director1 2024-01-01 2024-12-31 11511084 c:CurrentFinancialInstruments 2024-12-31 11511084 c:CurrentFinancialInstruments 2023-12-31 11511084 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 11511084 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 11511084 c:ShareCapital 2024-12-31 11511084 c:ShareCapital 2023-12-31 11511084 c:RetainedEarningsAccumulatedLosses 2024-12-31 11511084 c:RetainedEarningsAccumulatedLosses 2023-12-31 11511084 d:OrdinaryShareClass1 2024-01-01 2024-12-31 11511084 d:OrdinaryShareClass1 2024-12-31 11511084 d:OrdinaryShareClass1 2023-12-31 11511084 d:FRS102 2024-01-01 2024-12-31 11511084 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11511084 d:FullAccounts 2024-01-01 2024-12-31 11511084 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11511084 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11511084 LEOPARD FINCO LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
LEOPARD FINCO LIMITED REGISTERED NUMBER: 11511084 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 13,520 |  | 380 |
Cash at bank and in hand | 5 | 13,108 |  | 40,013 |
|  | 26,628 |  | 40,393 |
Creditors: amounts falling due within one year | 6 | (9,248,128) |  | (16,571,542) |
Net current liabilities |  |  | (9,221,500) |  | (16,531,149)
Total assets less current liabilities |  |  | (9,221,500) |  | (16,531,149)
Net liabilities |  |  | (9,221,500) |  | (16,531,149)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (9,221,600) |  | (16,531,249)
|  |  | (9,221,500) |  | (16,531,149)
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 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 4 August 2025.
Derrick Beare
Director
The notes on pages 3 to 6 form part of these financial statements. Page 1
LEOPARD FINCO LIMITED REGISTERED NUMBER: 11511084 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 Page 2
LEOPARD FINCO LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
The principal activity of the Company is to provide funding to other group companies and related parties. 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 on a basis other than going concern, as the directors intend to cease trading and strike off the Company within the next 12 months. Post year-end, in May 2025, the Company fully repaid its outstanding bank loan. Following the successful conclusion of the company's activities, the directors intend to carry out an orderly wind down and proceed to a winding-up.
| 2.3 | Interest income
Interest income is recognised using the effective interest method. When a loan and receivable is impaired, the company reduces the carrying amount to its recoverable amount, being the estimated future cash flow discounted at the original effective interest rate of the instrument, and continues unwinding the discount as interest income. Interest income on impaired loan and receivables is recognised using the original effective interest rate
| 2.4 | 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.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.6 | 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.
| 2.7 | 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. Page 3
LEOPARD FINCO LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.8 | 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.
| 2.9 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Page 4
LEOPARD FINCO LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.9 | Financial instruments (continued)
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
3. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
| The average monthly number of employees, including directors, during the year was 0 (2023 - 0).
4. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other debtors | 100 | 100
| Prepayments and accrued income | 13,420 | 280
|  | 13,520 | 380
5. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 13,108 | 40,013
|  | 13,108 | 40,013
Page 5
LEOPARD FINCO LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 2,488,938 | 11,488,938
| Other loans | 5,000,000 | 5,000,000
| Trade creditors | 4,540 | 1,500
| Amounts owed to group undertakings | 1,754,650 | 79,735
| Other creditors | - | 1,369
|  | 9,248,128 | 16,571,542
| The Company had a bank facility originally set to terminate in September 2023, which was extended to April 2025. Post year-end, in May 2025, the Company fully repaid its bank loan. The loan was secured by personal guarantees provided by certain ultimate beneficial owners. The Company entered into an unsecured, interest-free loan agreement with one of its ultimate beneficiaries, with a maturity date of December 31, 2025. The purpose of this loan was to enable the Company to make a voluntary prepayment on its bank loan, and it is subordinated to the bank facility.
7. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2023 - 100) Ordinary shares of £1.00 each | 100 | 100
8. | Post balance sheet events
Subsequent to the year end, in May 2025, the Company fully repaid its bank facility, as stated in Note 6.
9. | Controlling party
The immediate parent is Leopard Investment Holdings LLP, a limited liability partnership incorporated in the UK. The ultimate controlling parties are the members of Leopard Investment Holding LLP.
Page 6