Cascade Interactive Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15604918

Cascade Interactive Limited

Filleted Unaudited Financial Statements

31 March 2025

Cascade Interactive Limited

Financial Statements

Period ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Cascade Interactive Limited

Statement of Financial Position

31 March 2025

	2025
Note	£	£

Fixed assets

Intangible assets	6	1,061,106
Tangible assets	7	1,223
		------------
		1,062,329

Current assets

Debtors	8	106,744
Cash at bank and in hand		144,611
		---------
		251,355

Creditors: amounts falling due within one year	9	917,124
		---------
Net current liabilities			665,769
			------------
Total assets less current liabilities			396,560
			---------
Net assets			396,560
			---------

Capital and reserves

Share premium account		502,499
Profit and loss account		( 105,939)
		---------
Shareholders funds		396,560
		---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Cascade Interactive Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

Mr M Jones	Mr C Lee
Director	Director

Company registration number: 15604918

Cascade Interactive Limited

Notes to the Financial Statements

Period ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 New Dover Road, Canterbury, CT1 3DN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have considered the current liability position and due to the continued support of the shareholders they believe it is appropriate to continue to use the going concern basis for the preparation of the financial statements.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2 .

5. Ordinary share capital issued

The nominal value of each ordinary share is £0.00001. Due to 14,035 shares issued, the total value of issued share capital (£0.14035), does not appear separately on the face of the balance sheet due to the rounding convention applied in the financial statements.

6. Intangible assets

	Development costs
	£
Cost
Additions	1,061,106
	------------
At 31 March 2025	1,061,106
	------------
Amortisation
At 30 March 2024 and 31 March 2025	–
	------------
Carrying amount
At 31 March 2025	1,061,106
	------------

7. Tangible assets

	Equipment
	£
Cost
At 30 March 2024	–
Additions	1,249
	-------
At 31 March 2025	1,249
	-------
Depreciation
At 30 March 2024	–
Charge for the period	26
	-------
At 31 March 2025	26
	-------
Carrying amount
At 31 March 2025	1,223
	-------

8. Debtors

	2025
	£
Other debtors	106,744
	---------

9. Creditors: amounts falling due within one year

	2025
	£
Trade creditors	281,827
Other creditors	635,297
	---------
	917,124
	---------

10. Related party transactions

At the year end the company owed the directors £332,413. No interest has been charged on this balance.