Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 3 No description of principal activity 2024-05-15 true false 15722467 2024-05-14 15722467 2024-05-15 2024-12-31 15722467 2023-05-15 2024-05-14 15722467 2024-12-31 15722467 c:Director1 2024-05-15 2024-12-31 15722467 c:Director2 2024-05-15 2024-12-31 15722467 c:Director3 2024-05-15 2024-12-31 15722467 c:RegisteredOffice 2024-05-15 2024-12-31 15722467 d:ComputerEquipment 2024-05-15 2024-12-31 15722467 d:ComputerEquipment 2024-12-31 15722467 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-05-15 2024-12-31 15722467 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 15722467 d:CurrentFinancialInstruments 2024-12-31 15722467 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15722467 d:ShareCapital 2024-12-31 15722467 d:SharePremium 2024-12-31 15722467 d:RetainedEarningsAccumulatedLosses 2024-12-31 15722467 c:FRS102 2024-05-15 2024-12-31 15722467 c:AuditExempt-NoAccountantsReport 2024-05-15 2024-12-31 15722467 c:FullAccounts 2024-05-15 2024-12-31 15722467 c:PrivateLimitedCompanyLtd 2024-05-15 2024-12-31 15722467 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2024-05-15 2024-12-31 15722467 2 2024-05-15 2024-12-31 15722467 e:PoundSterling 2024-05-15 2024-12-31 iso4217:GBP xbrli:pure

Company registration number: 15722467
| UNAUDITED FINANCIAL STATEMENTS
| FOR THE PERIOD ENDED 31 DECEMBER 2024
| K423 LIMITED
K423 LIMITED |  |
COMPANY INFORMATION
Directors | J Close
| A Detrois
| J Fox
Registered number | 15722467
Registered office | Office 7
| 35-37 Ludgate Hill
| London
| EC4M 7JN
Accountants | Menzies LLP
| Chartered Accountants
| Magna House
| 18-32 London Road
| Staines-Upon-Thames
| TW18 4BP
K423 LIMITED |  |
CONTENTS
| Page
Statement of financial position | 1 - 2
Notes to the financial statements | 3 - 5
K423 LIMITED REGISTERED NUMBER:15722467 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 2024
Note |  | £
Fixed assets |  |  |
Intangible assets | 4 |  | 1,860,000
Tangible assets | 5 |  | 134
|  |  | 1,860,134
Current assets |  |  |
Debtors: amounts falling due within one year | 6 | 98,117 |
Cash at bank and in hand |  | 2,286,037 |
|  | 2,384,154 |
Creditors: amounts falling due within one year | 7 | (510,111) |
Net current assets |  |  | 1,874,043
Total assets less current liabilities |  |  | 3,734,177
Net assets |  |  | 3,734,177
Capital and reserves |  |  |
Called up share capital |  |  | 75,047
Share premium account |  |  | 7,429,689
Profit and loss account |  |  | (3,770,559)
|  |  | 3,734,177
Page 1
K423 LIMITED REGISTERED NUMBER:15722467 |  |
STATEMENT OF FINANCIAL POSITION (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 period 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 by:
J Close
Director
Date: 17 September 2025
The notes on pages 3 to 5 form part of these financial statements. Page 2
K423 LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
1. | General information
K423 Limited is a private company, limited by shares, registered in England and Wales. The address of the registered office is given in the company information page of these financial statements. The address of the principal place of business is 24 Eversholt Street, London, NW1 1DB. The company was incorporated on the 15 May 2024. As a result, this is the company's first set of accounts which represents a 8 month period from incorporation to 31 December 2024. The functional and presentational currency of the financial statements is the Pound Sterling (£). The significant accounting policies applied in the preparation of these financial statements are set out below. 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 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.3 | 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.
| 2.4 | 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:
|  |  |  | Computer equipment | - | 33% | Straight line
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. Page 3
K423 LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.5 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the period was 3.
4. | Intangible assets
|  | Licenses
|  | £
| Cost |
| Additions | 1,860,000
| At 31 December 2024 | 1,860,000
| Net book value |
| At 31 December 2024 | 1,860,000
Page 4
K423 LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
5. | Tangible fixed assets
|  | Computer equipment
|  | £
| Cost or valuation |
| Additions | 149
| At 31 December 2024 | 149
| Depreciation |
| Charge for the period on owned assets | 15
| At 31 December 2024 | 15
| Net book value |
| At 31 December 2024 | 134
6. | Debtors
|  |  |  |  | 2024
|  |  |  |  | £
| Other debtors | 61,753
| Prepayments and accrued income | 36,364
|  | 98,117
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024
|  |  |  |  | £
| Trade creditors | 97,820
| Other creditors | 39,473
| Accruals and deferred income | 372,818
|  | 510,111
Page 5