Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 true 20 No description of principal activity false 2024-01-01 false 17 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09084719 2024-01-01 2024-12-31 09084719 2023-01-01 2023-12-31 09084719 2024-12-31 09084719 2023-12-31 09084719 2023-01-01 09084719 c:Director1 2024-01-01 2024-12-31 09084719 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 09084719 d:Buildings d:LongLeaseholdAssets 2024-12-31 09084719 d:Buildings d:LongLeaseholdAssets 2023-12-31 09084719 d:MotorVehicles 2024-01-01 2024-12-31 09084719 d:MotorVehicles 2024-12-31 09084719 d:MotorVehicles 2023-12-31 09084719 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09084719 d:FurnitureFittings 2024-01-01 2024-12-31 09084719 d:FurnitureFittings 2024-12-31 09084719 d:FurnitureFittings 2023-12-31 09084719 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09084719 d:OfficeEquipment 2024-01-01 2024-12-31 09084719 d:OfficeEquipment 2024-12-31 09084719 d:OfficeEquipment 2023-12-31 09084719 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09084719 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09084719 d:CurrentFinancialInstruments 2024-12-31 09084719 d:CurrentFinancialInstruments 2023-12-31 09084719 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09084719 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09084719 d:ShareCapital 2024-12-31 09084719 d:ShareCapital 2023-12-31 09084719 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 09084719 d:RetainedEarningsAccumulatedLosses 2024-12-31 09084719 d:RetainedEarningsAccumulatedLosses 2023-12-31 09084719 c:OrdinaryShareClass2 2024-01-01 2024-12-31 09084719 c:OrdinaryShareClass2 2024-12-31 09084719 c:OrdinaryShareClass3 2024-01-01 2024-12-31 09084719 c:OrdinaryShareClass3 2024-12-31 09084719 c:OrdinaryShareClass4 2024-01-01 2024-12-31 09084719 c:OrdinaryShareClass4 2024-12-31 09084719 c:OrdinaryShareClass5 2024-01-01 2024-12-31 09084719 c:OrdinaryShareClass5 2024-12-31 09084719 c:FRS102 2024-01-01 2024-12-31 09084719 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09084719 c:FullAccounts 2024-01-01 2024-12-31 09084719 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09084719 d:Subsidiary1 2024-01-01 2024-12-31 09084719 d:Subsidiary1 1 2024-01-01 2024-12-31 09084719 d:Subsidiary2 2024-01-01 2024-12-31 09084719 d:Subsidiary2 1 2024-01-01 2024-12-31 09084719 d:WithinOneYear 2024-12-31 09084719 d:WithinOneYear 2023-12-31 09084719 d:BetweenOneFiveYears 2024-12-31 09084719 d:BetweenOneFiveYears 2023-12-31 09084719 2 2024-01-01 2024-12-31 09084719 6 2024-01-01 2024-12-31 09084719 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 09084719 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 09084719 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09084719 SECURYS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
SECURYS LIMITED REGISTERED NUMBER: 09084719 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 86,711 |  | 81,144
Investments | 5 |  | 95 |  | 95
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 1,799,028 |  | 2,092,994 |
Cash at bank and in hand | 7 | 728,383 |  | 440,040 |
|  | 2,527,411 |  | 2,533,034 |
Creditors: amounts falling due within one year | 8 | (796,814) |  | (1,008,247) |
Net current assets |  |  | 1,730,597 |  | 1,524,787
Total assets less current liabilities |  |  | 1,817,403 |  | 1,606,026
Provisions for liabilities |  |  |  |  |
Deferred tax |  |  | (16,840) |  | (14,173)
Net assets |  |  | 1,800,563 |  | 1,591,853
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 131 |  | 131
Profit and loss account | 11 |  | 1,800,432 |  | 1,591,722
|  |  | 1,800,563 |  | 1,591,853
Page 1
SECURYS LIMITED REGISTERED NUMBER: 09084719 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 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 income and retained earnings 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 8 September 2025.
B M Rapp
Director
The notes on pages 3 to 10 form part of these financial statements. Page 2
SECURYS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Securys Limited ("the Company") is a Company limited by shares, incorporated in England and Wales. Its registered office is 91 Goswell Road, London, England, EC1V 7EX. The Company's principal activity is providing information technology services. 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 | 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 the Statement of income and retained earnings except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of income and retained earnings within 'other operating income. Page 3
SECURYS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 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 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.5 | Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.
| 2.6 | Interest income
Interest income is recognised in the Statement of income and retained earnings using the effective interest method.
| 2.7 | Finance costs
Finance costs are charged to the Statement of income and retained earnings 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. Page 4
SECURYS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.8 | 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.
| 2.9 | 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.
| 2.10 | 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. Page 5
SECURYS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.10 | 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 following annual bases:. Depreciation is provided on the following annual basis:
|  |  |  | Leasehold property | - | 20% | Straight line.
|  |  |  | Motor vehicles | - | 20% | Straight line.
|  |  |  | Fixtures and fittings | - | 33% | Straight line.
|  |  |  | Office equipment | - | 15% | 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 the Statement of income and retained earnings.
| 2.11 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.12 | Debtors
Short term debtors are measured at transaction price, less any impairment.
| 2.13 | 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.
| 2.14 | Creditors
Short term creditors are measured at the transaction price.
| 2.15 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.16 | Dividends
Equity dividends are recognised when they become legally payable. Page 6
SECURYS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.17 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 20 (2023 - 17).
4. | Tangible fixed assets
|  | Leasehold property | Motor vehicles | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 January 2024 | 10,230 | 104,114 | 47,686 | 107,275 | 269,305
| Additions | - | - | 13,778 | 14,668 | 28,446
| At 31 December 2024 | 10,230 | 104,114 | 61,464 | 121,943 | 297,751
| Depreciation |  |  |  |  |
| At 1 January 2024 | 9,379 | 100,076 | 42,235 | 36,471 | 188,161
| Charge for the year on owned assets | 851 | 4,038 | 5,925 | 12,065 | 22,879
| At 31 December 2024 | 10,230 | 104,114 | 48,160 | 48,536 | 211,040
| Net book value |  |  |  |  |
| At 31 December 2024 | - | - | 13,304 | 73,407 | 86,711
| At 31 December 2023 | 851 | 4,038 | 5,451 | 70,804 | 81,144
Page 7
SECURYS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 January 2024 | 95
| At 31 December 2024 | 95
| Subsidiary undertakings
| The following were subsidiary undertakings of the Company:
| Name | Registered office | Class of shares | Holding
| Privacy Made Practical Limited | 28 Fitzwilliam Street Upper, Dublin 2, Ireland | Ordinary | 100%
| Securys, Inc | Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware 19801, United States | Ordinary | 100%
6. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 380,476 | 687,875
| Amounts owed by group undertakings | 1,191,079 | 1,336,597
| Amounts owed by connected companies | 102,662 | -
| Other debtors | 52,751 | 38,746
| Prepayments and accrued income | 72,060 | 29,776
|  | 1,799,028 | 2,092,994
7. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 728,383 | 440,040
Page 8
SECURYS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 122,844 | 95,965
| Amounts owed to group undertakings | 272,158 | 123,724
| Corporation tax | 151,272 | 305,784
| Other taxation and social security | 103,177 | 73,540
| Other creditors | 147,363 | 409,234
|  | 796,814 | 1,008,247
9. | Deferred taxation
|  | 2024 | 2023
|  | £ | £
| At beginning of year | (14,173) | (10,720)
| Charged to profit or loss | (2,667) | (3,453)
| At end of year | (16,840) | (14,173)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Accelerated capital allowances | (16,840) | (14,173)
10. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 49,500 Ordinary A shares shares of £0.001 each | 49.50 | 49.50
|  | 49,500 Ordinary B shares shares of £0.001 each | 49.50 | 49.50
|  | 12,000 G1 shares of £0.001 each | 12.00 | 12.00
|  | 10,000 G2 shares of £0.001 each | 10.00 | 10.00
|  | 6,000 G3 shares of £0.001 each | 6.00 | 6.00
|  | 2,000 G4 shares of £0.001 each | 2.00 | 2.00
|  | 2,000 G5 shares of £0.001 each | 2.00 | 2.00
|  |  | 131.00 | 131.00
Page 9
SECURYS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10.Share capital (continued)
| Ordinary A and B shares rank pari passu, with full voting rights and no restrictions on the distribution of dividends and the repayment of capital. Shares in classes G1, G2, G3, G4, and G5 are non-voting with no rights to dividends.
11. | Reserves
Profit and loss account The Profit and loss account consists of distributable reserves arising from cumulative historical profits and losses less any distributions made
12. | Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £166,510 (2023 - £393,309). Contributions totalling £38,028 (2023 - £386,880) were payable to the fund at the balance sheet date and are included in creditors.
13. | Commitments under operating leases
| At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Not later than 1 year | 152,776 | 45,218
| Later than 1 year and not later than 5 years | 279,158 | -
|  | 431,934 | 45,218
14. | Related party transactions
| The company has taken advantage of the exemption contained in FRS 102 and has therefore not disclosed transactions or balances with entities which are wholly owned subsidiaries of the Group.
15. | Controlling party
The ultimate parent undertaking is Rappidly Limited. The company considers B M Rapp and D D Rapp to be its ultimate controlling party.
Page 10