Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 true 2024-04-01 false To provide direct advice and support services and to engage in debates to find mutual solutions for challenges being faced by communities.7 7 false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03944484 2024-04-01 2025-03-31 03944484 2023-04-01 2024-03-31 03944484 2025-03-31 03944484 2024-03-31 03944484 2023-04-01 03944484 c:Director6 2024-04-01 2025-03-31 03944484 d:OfficeEquipment 2024-04-01 2025-03-31 03944484 d:OfficeEquipment 2025-03-31 03944484 d:OfficeEquipment 2024-03-31 03944484 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03944484 d:ComputerEquipment 2024-04-01 2025-03-31 03944484 d:CurrentFinancialInstruments 2025-03-31 03944484 d:CurrentFinancialInstruments 2024-03-31 03944484 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 03944484 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03944484 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 03944484 d:RetainedEarningsAccumulatedLosses 2025-03-31 03944484 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 03944484 d:RetainedEarningsAccumulatedLosses 2024-03-31 03944484 d:RetainedEarningsAccumulatedLosses 2023-04-01 03944484 c:FRS102 2024-04-01 2025-03-31 03944484 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03944484 c:FullAccounts 2024-04-01 2025-03-31 03944484 c:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 03944484 2 2024-04-01 2025-03-31 03944484 6 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 03944484 CO-OPERATIVE FUTURES LTD (A Company Limited by Guarantee) UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
CO-OPERATIVE FUTURES LTD (A Company Limited by Guarantee) REGISTERED NUMBER: 03944484 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 603 |  | 974
Investments | 5 |  | 5,277 |  | 5,272
|  |  | 5,880 |  | 6,246
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 115,199 |  | 74,624 |
Cash at bank and in hand | 7 | 141,554 |  | 57,960 |
|  | 256,753 |  | 132,584 |
Creditors: amounts falling due within one year | 8 | (98,927) |  | (17,427) |
Net current assets |  |  | 157,826 |  | 115,157
Total assets less current liabilities |  |  | 163,706 |  | 121,403
Net assets |  |  | 163,706 |  | 121,403
Capital and reserves |  |  |  |  |
Profit and loss account |  |  | 163,706 |  | 121,403
|  |  | 163,706 |  | 121,403
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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 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 16 July 2025. Page 1
CO-OPERATIVE FUTURES LTD (A Company Limited by Guarantee) REGISTERED NUMBER: 03944484 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025
J White
Director
The notes on pages 4 to 9 form part of these financial statements. Page 2
CO-OPERATIVE FUTURES LTD (A Company Limited by Guarantee) STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2025
| Profit and loss account | Total equity
| £ | £
At 1 April 2023 | 115,013 | 115,013
Comprehensive income for the year |  |
Profit for the year | 6,390 | 6,390
Other comprehensive income for the year | - | -
Total comprehensive income for the year | 6,390 | 6,390
Total transactions with owners | - | -
At 1 April 2024 | 121,403 | 121,403
Comprehensive income for the year |  |
Profit for the year | 42,303 | 42,303
Other comprehensive income for the year | - | -
Total comprehensive income for the year | 42,303 | 42,303
Total transactions with owners | - | -
At 31 March 2025 | 163,706 | 163,706
| The notes on pages 4 to 9 form part of these financial statements.
Page 3
CO-OPERATIVE FUTURES LTD (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Co-operative Futures Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 03944484. The registered office is City Works, Alfred Street, Gloucester, Gloucestershire, GL1 4DF. Co-operative Futures is a business development consultancy specialising in co-operative, mutual and community led businesses. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | 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.
| 2.3 | 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 Comprehensive Income in the same period as the related expenditure. Page 4
CO-OPERATIVE FUTURES LTD (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | 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.
| 2.6 | 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.
| 2.7 | 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, as follows. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 10% | straight line
|  |  |  | Computer equipment | - | 25% | 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 5
CO-OPERATIVE FUTURES LTD (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.8 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 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.
3. | Employees
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Directors | 6 | 6
|  | Staff | 1 | 1
|  |  | 7 | 7
Page 6
CO-OPERATIVE FUTURES LTD (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| At 1 April 2024 | 2,990
| At 31 March 2025 | 2,990
| Depreciation |
| At 1 April 2024 | 2,016
| Charge for the year on owned assets | 371
| At 31 March 2025 | 2,387
| Net book value |
| At 31 March 2025 | 603
| At 31 March 2024 | 974
5. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost or valuation |
| At 1 April 2024 | 5,272
| Additions | 5
| At 31 March 2025 | 5,277
Page 7
CO-OPERATIVE FUTURES LTD (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 63,839 | 17,940
| Other debtors | 47,851 | 46,275
| Prepayments and accrued income | 3,509 | 10,409
|  | 115,199 | 74,624
| Other debtors include £47,851 Midcounties bonds (2024: £46,275).
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 141,554 | 57,960
|  | 141,554 | 57,960
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 4,175 | 1,461
| Corporation tax | 10,279 | 94
| Other taxation and social security | 26,076 | 11,178
| Other creditors | 17,815 | 2,910
| Accruals and deferred income | 40,582 | 1,784
|  | 98,927 | 17,427
9. | Company status
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. Page 8
CO-OPERATIVE FUTURES LTD (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10. | Controlling party
The company's controlling party is The People Co-operative Limited.
Page 9