Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseConsultancy Management35falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13366438 2024-01-01 2024-12-31 13366438 2023-05-01 2023-12-31 13366438 2024-12-31 13366438 2023-12-31 13366438 c:Director2 2024-01-01 2024-12-31 13366438 d:CurrentFinancialInstruments 2024-12-31 13366438 d:CurrentFinancialInstruments 2023-12-31 13366438 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13366438 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13366438 d:ShareCapital 2024-12-31 13366438 d:ShareCapital 2023-12-31 13366438 d:SharePremium 2024-12-31 13366438 d:SharePremium 2023-12-31 13366438 d:RetainedEarningsAccumulatedLosses 2024-12-31 13366438 d:RetainedEarningsAccumulatedLosses 2023-12-31 13366438 c:OrdinaryShareClass1 2024-01-01 2024-12-31 13366438 c:OrdinaryShareClass1 2024-12-31 13366438 c:OrdinaryShareClass2 2024-01-01 2024-12-31 13366438 c:OrdinaryShareClass2 2024-12-31 13366438 c:OrdinaryShareClass2 2023-12-31 13366438 c:OrdinaryShareClass3 2024-01-01 2024-12-31 13366438 c:OrdinaryShareClass3 2024-12-31 13366438 c:OrdinaryShareClass3 2023-12-31 13366438 c:OrdinaryShareClass4 2024-01-01 2024-12-31 13366438 c:OrdinaryShareClass4 2024-12-31 13366438 c:OrdinaryShareClass4 2023-12-31 13366438 c:OrdinaryShareClass5 2024-01-01 2024-12-31 13366438 c:OrdinaryShareClass5 2024-12-31 13366438 c:FRS102 2024-01-01 2024-12-31 13366438 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13366438 c:FullAccounts 2024-01-01 2024-12-31 13366438 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13366438 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Company Registration Number: 13366438



















TERRAE NOVO LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024













img3549.png
 
TERRAE NOVO LIMITED
REGISTERED NUMBER: 13366438

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
115,259
231,650

Cash at bank and in hand
  
120,507
20,574

  
235,766
252,224

Creditors: amounts falling due within one year
 5 
(265,204)
(1,111,637)

Net current liabilities
  
 
 
(29,438)
 
 
(859,413)

Total assets less current liabilities
  
(29,438)
(859,413)

  

Net liabilities
  
(29,438)
(859,413)


Capital and reserves
  

Called up share capital 
 6 
3,265
2,459

Share premium account
  
5,969,006
4,357,968

Profit and loss account
  
(6,001,709)
(5,219,840)

  
(29,438)
(859,413)


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 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: 


................................................
P Hanks
Director

Date: 29 September 2025

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
TERRAE NOVO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Terrae Novo Limited is a private company limited by shares and is registered in England and Wales. The registered office address can be found on  the company information page.

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

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.3

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.

 
2.4

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.

 
2.5

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 directors, during the year was 3 (2023 - 5).

Page 2
 
TERRAE NOVO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Debtors

2024
2023
£
£


Other debtors
104,026
221,535

Prepayments and accrued income
11,233
10,115

115,259
231,650



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
197,938
1,034,744

Other creditors
61,266
45,893

Accruals and deferred income
6,000
31,000

265,204
1,111,637



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,400 (2023 - nil) Redeemable preference shares shares of £0.01 each
104
-
193,379 (2023 - 195,940) 'A' Ordinary shares shares of £0.01 each
1,934
1,959
32,780 (2023 - 17,714) 'B' Ordinary shares shares of £0.01 each
328
177
48,755 (2023 - 32,251) 'C' Ordinary shares shares of £0.01 each
488
323
41,080 (2023 - nil) 'D' Ordinary shares shares of £0.01 each
411
-

3,265

2,459


During the period 10,400 Redeemable preference shares of £0.01, 10,079 'A' Ordinary shares, 15,066 'B' Ordinary shares and 16,504 'C' Ordinary shares of £0.01 and 28,640 'D' Ordinary shares of £0.01 were issued.
12,640 'A' Ordinary shares were transferred to 'D' Ordinary shares during the period.


Page 3