Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 3 asset and development manager 2024-01-01 false 0 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13900824 2024-01-01 2024-12-31 13900824 2023-01-01 2023-12-31 13900824 2024-12-31 13900824 2023-12-31 13900824 1 2024-01-01 2024-12-31 13900824 d:Director1 2024-01-01 2024-12-31 13900824 c:ComputerEquipment 2024-01-01 2024-12-31 13900824 c:ComputerEquipment 2024-12-31 13900824 c:ComputerEquipment 2023-12-31 13900824 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13900824 c:CurrentFinancialInstruments 2024-12-31 13900824 c:CurrentFinancialInstruments 2023-12-31 13900824 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 13900824 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 13900824 c:ShareCapital 2024-12-31 13900824 c:ShareCapital 2023-12-31 13900824 c:RetainedEarningsAccumulatedLosses 2024-12-31 13900824 c:RetainedEarningsAccumulatedLosses 2023-12-31 13900824 d:OrdinaryShareClass1 2024-01-01 2024-12-31 13900824 d:OrdinaryShareClass1 2024-12-31 13900824 d:OrdinaryShareClass1 2023-12-31 13900824 d:OrdinaryShareClass2 2024-01-01 2024-12-31 13900824 d:OrdinaryShareClass2 2024-12-31 13900824 d:OrdinaryShareClass2 2023-12-31 13900824 d:FRS102 2024-01-01 2024-12-31 13900824 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13900824 d:FullAccounts 2024-01-01 2024-12-31 13900824 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13900824 c:WithinOneYear 2024-12-31 13900824 c:WithinOneYear 2023-12-31 13900824 6 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13900824 TAURUS RE INVESTMENT LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
TAURUS RE INVESTMENT LIMITED REGISTERED NUMBER: 13900824 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible fixed assets | 4 |  | 4,068 |  | 4,693
Investments | 5 |  | 102 |  | 102
|  |  | 4,170 |  | 4,795
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 188,075 |  | 521,599 |
Cash and cash equivalents | 7 | 172,042 |  | 71,298 |
|  | 360,117 |  | 592,897 |
Creditors: amounts falling due within one year | 8 | (1,251,561) |  | (869,887) |
Net current liabilities |  |  | (891,444) |  | (276,990)
Total assets less current liabilities |  |  | (887,274) |  | (272,195)
Net liabilities |  |  | (887,274) |  | (272,195)
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 100 |  | 100
Profit and loss account |  |  | (887,374) |  | (272,295)
Total equity |  |  | (887,274) |  | (272,195)
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 by: Page 1
TAURUS RE INVESTMENT LIMITED REGISTERED NUMBER: 13900824 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2024
Nicholas Harry Jacobs
Director
Date: 19 September 2025
The notes on pages 3 to 10 form part of these financial statements. Page 2
TAURUS RE INVESTMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Taurus RE Investment Limited is a private limited company incorporated in England with the company number 13900824. The financial statements are for the year ended 31 December 2024. The Company's registered office is 10 Queen Street Place, London, United Kingdom, EC4R 1AG. 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 Section 1A of 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 judgement in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Exemption from preparing consolidated financial statements
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
| 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
TAURUS RE INVESTMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 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: 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 | 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.
| 2.6 | 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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds. Page 4
TAURUS RE INVESTMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 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 reporting 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 reporting 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 reporting date.
| 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, using the straight-line method. The estimated useful lives range as follows:
|  |  |  | Computer equipment | - | 4 | years
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 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Page 5
TAURUS RE INVESTMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.10 | 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.
| 2.11 | 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.
| 2.12 | 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.
| 2.13 | 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. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date. Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
3. | Employees
The average monthly number of employees, including directors, during the year was 4 (2023: 3). Page 6
TAURUS RE INVESTMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Tangible fixed assets
|  | Computer equipment
|  | £
| Cost or valuation |
| At 1 January 2024 | 5,938
| Additions | 1,085
| At 31 December 2024 | 7,023
| Depreciation |
| At 1 January 2024 | 1,245
| Charge for the year | 1,711
| At 31 December 2024 | 2,956
| Net book value |
| At 31 December 2024 | 4,067
| At 31 December 2023 | 4,693
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 January 2024 | 102
| At 31 December 2024 | 102
Page 7
TAURUS RE INVESTMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. | Debtors: amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 3,000 | 21,358
| Amounts owed by group undertakings | 107,412 | 436,579
| Other debtors | 54,723 | 35,587
| Prepayments and accrued income | 22,940 | 28,075
|  | 188,075 | 521,599
| Amounts owed by group undertakings are unsecured, interest free and repayable on demand.
7. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 172,042 | 71,298
8. | Creditors: amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 224,409 | 63,222
| Amounts owed to group undertakings | 733,000 | 480,000
| Other taxation and social security | 15,789 | 10,605
| Other creditors | 257,088 | 301,885
| Accruals | 21,275 | 14,175
|  | 1,251,561 | 869,887
| Amounts owed to group undertakings are unsecured, interest free and repayable on demand. Included in Other creditors £255,000 (2023: £300,000) loan from Rowan Strategic Asset Management Limited. This loan is unsecured, interest free and repayable on demand.
Page 8
TAURUS RE INVESTMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
9. | Called up share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | 75 (2023 - 75) Ordinary A Shares shares of £1.00 each | 75 | 75
|  | 25 (2023 - 25) Ordinary B Shares shares of £1.00 each | 25 | 25
|  |  | 100 | 100
10. | 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 £8,871 (2023: £7,027). Contributions totalling £1,986 (2023: £1,783) were payable to the fund at the balance sheet date and are included in creditors.
11. | 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 years:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Not later than 1 year | - | 82,250
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TAURUS RE INVESTMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
12. | Related party transactions
| At 31 December 2024, included in trade debtors is £Nil (2023: £21,358) due from Trinity (CW) Limited, a related party by way of common control with the directors of the company. Management fees charged to the related party during the year amount to £178,576 (2023: £213,576). At 31 December 2024, included in trade debtors is £3,000 (2023: £nil) due from EDA (CW) Limited, a related party by way of common control with the directors of the company. Management fees charged to the related party during the year amount to £27,500 (2023: Nil). At 31 December 2024, included in trade debtors is £Nil (2023: £Nil) due from Taurus (Parsons Green) Limited, a related party by way of common control with the directors of the company. Management fees charged to the related party during the year amount to £197,680 (2023: £197,680). At 31 December 2024, included in prepayment and accrued income is £Nil (2023: £20,000) management fee chargeable to EDA (CW) Limited, a related party by way of common control with the directors of the company. At 31 December 2024, included in prepayment and accrued income is £18,179 (2023: £nil) management fee chargeable to EFG (CW) Limited, a related party by way of common control with the directors of the company. At 31 December 2024, included in trade creditors is £210,000 (2023: £52,500) due to Rowan Strategic Asset Management Limited, a related party by way of minority shareholding in the company. At 31 December 2024, included in accruals is £11,990 (2023: £9,975) due to Taurus Investment GmbH Limited, a related party by way of majority shareholding in the company.
13. | Post balance sheet events
There were no material events subsequent to the year end that are required to be disclosed.
14. | Controlling party
The ultimate controlling party is Taurus Investment Holdings LLC, a company registered in the United States, by virtue of their majority shareholding.
Page 10