Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 The principal activities of the business is the manufacturing of consumer electronics.3 true 2024-04-01 false 2 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12486777 2024-04-01 2025-03-31 12486777 2023-04-01 2024-03-31 12486777 2025-03-31 12486777 2024-03-31 12486777 c:Director4 2024-04-01 2025-03-31 12486777 d:FurnitureFittings 2024-04-01 2025-03-31 12486777 d:FurnitureFittings 2025-03-31 12486777 d:FurnitureFittings 2024-03-31 12486777 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12486777 d:OfficeEquipment 2024-04-01 2025-03-31 12486777 d:OfficeEquipment 2025-03-31 12486777 d:OfficeEquipment 2024-03-31 12486777 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12486777 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12486777 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 12486777 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 12486777 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 12486777 d:ComputerSoftware 2025-03-31 12486777 d:ComputerSoftware 2024-03-31 12486777 d:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 12486777 d:CurrentFinancialInstruments 2025-03-31 12486777 d:CurrentFinancialInstruments 2024-03-31 12486777 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 12486777 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12486777 d:ShareCapital 2025-03-31 12486777 d:ShareCapital 2024-03-31 12486777 d:SharePremium 2025-03-31 12486777 d:SharePremium 2024-03-31 12486777 d:RetainedEarningsAccumulatedLosses 2025-03-31 12486777 d:RetainedEarningsAccumulatedLosses 2024-03-31 12486777 c:OrdinaryShareClass1 2024-04-01 2025-03-31 12486777 c:OrdinaryShareClass1 2025-03-31 12486777 c:OrdinaryShareClass1 2024-03-31 12486777 c:FRS102 2024-04-01 2025-03-31 12486777 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12486777 c:FullAccounts 2024-04-01 2025-03-31 12486777 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12486777 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2024-04-01 2025-03-31 12486777 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2024-04-01 2025-03-31 12486777 d:ExternallyAcquiredIntangibleAssets 2024-04-01 2025-03-31 12486777 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-04-01 2025-03-31 12486777 d:ComputerSoftware d:OwnedIntangibleAssets 2024-04-01 2025-03-31 12486777 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12486777 BARISTA VERDE LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
BARISTA VERDE LIMITED REGISTERED NUMBER: 12486777 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
FIXED ASSETS |  |  |  |  |
Intangible assets | 4 |  | 583,804 |  | 637,500
Tangible assets | 5 |  | 530 |  | 370
|  |  | 584,334 |  | 637,870
CURRENT ASSETS |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 66,990 |  | 76,969 |
Cash at bank and in hand |  | 161,812 |  | 31,316 |
|  | 228,802 |  | 108,285 |
Creditors: amounts falling due within one year | 7 | (45,812) |  | (24,965) |
NET CURRENT ASSETS |  |  | 182,990 |  | 83,320
NET ASSETS |  |  | 767,324 |  | 721,190
CAPITAL AND RESERVES |  |  |  |  |
Called up share capital | 8 |  | 15,209 |  | 14,885
Share premium account |  |  | 2,297,966 |  | 1,971,950
Profit and loss account |  |  | (1,545,851) |  | (1,265,645)
|  |  | 767,324 |  | 721,190
Page 1
BARISTA VERDE LIMITED REGISTERED NUMBER: 12486777 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 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 profit and loss account 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:
Dr. H Malkin
Director
Date: 13 August 2025
The notes on pages 3 to 8 form part of these financial statements. Page 2
BARISTA VERDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | GENERAL INFORMATION
Barista Verde Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA. The Company's principal place of business is Unit 5 Valley Court Office, Lower Road, Croydon, Near Royston, SG8 0HF. 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 | GOING CONCERN
The financial statements have been prepared on the going concern basis which assumes that the Company will continue as a going concern for the foreseeable future. The trading losses reported are consistent with the Company's business plan. Given the investment received, together with the development progress achieved, the directors have a reasonable expectation that the Company will be able to meet its liabilities as they fall due for the foreseeable future and therefore continue to adopt the going concern basis.
| 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. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Page 3
BARISTA VERDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.4 | TURNOVER
Turnover represents sale of consumer appliances and sundry cost recharges during the period, exclusive of Value Added Tax and trade discounts. Turnover is recognised as the fair value of the consideration received or receivable and is recognised in the Profit and Loss Account in the period to which it relates to.
| 2.5 | RESEARCH AND DEVELOPMENT
Expenditure on research activities is charged to the Profit & Loss Account in the period in which it is incurred.
| 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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 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 balance sheet date in the countries where the Company operates and generates income.
| 2.8 | 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. The estimated useful lives range as follows:
|  |  |  | Development expenditure | - | 10 | years
|  |  |  | Other intangible fixed assets | - | 10 | years
Page 4
BARISTA VERDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.9 | 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:
|  |  |  | Fixtures and fittings | - | 33% | Straight line method
|  |  |  | Office equipment | - | 33% | Straight line method
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.
| 2.10 | DEBTORS
Short-term debtors are measured at transaction price, 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 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 during the year was 2 (2024 - 3).
Page 5
BARISTA VERDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | INTANGIBLE ASSETS
|  | Development expenditure | Other intangibles | Total
|  | £ | £ | £
| COST |  |  |
| At 1 April 2024 | - | 750,000 | 750,000
| Additions | 21,850 | - | 21,850
| At 31 March 2025 | 21,850 | 750,000 | 771,850
| AMORTISATION |  |  |
| At 1 April 2024 | - | 112,500 | 112,500
| Charge for the year on owned assets | 546 | 75,000 | 75,546
| At 31 March 2025 | 546 | 187,500 | 188,046
| NET BOOK VALUE |  |  |
| At 31 March 2025 | 21,304 | 562,500 | 583,804
| At 31 March 2024 | - | 637,500 | 637,500
Page 6
BARISTA VERDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | TANGIBLE FIXED ASSETS
|  | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £
| COST |  |  |
| At 1 April 2024 | 1,699 | - | 1,699
| Additions | - | 706 | 706
| At 31 March 2025 | 1,699 | 706 | 2,405
| DEPRECIATION |  |  |
| At 1 April 2024 | 1,329 | - | 1,329
| Charge for the year on owned assets | 370 | 176 | 546
| At 31 March 2025 | 1,699 | 176 | 1,875
| NET BOOK VALUE |  |  |
| At 31 March 2025 | - | 530 | 530
| At 31 March 2024 | 370 | - | 370
6. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 3,047 | 343
| Other debtors | 54,291 | 67,218
| Prepayments and accrued income | 9,652 | 9,408
|  | 66,990 | 76,969
Page 7
BARISTA VERDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 29,114 | 8,983
| Other taxation and social security | 3,924 | -
| Other creditors | 5,324 | 140
| Accruals and deferred income | 7,450 | 15,842
|  | 45,812 | 24,965
| Included in other creditors are unpaid pension contributions of £467 (2024 - £137).
8. | SHARE CAPITAL
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | ALLOTTED, CALLED UP AND FULLY PAID |  |
|  | 1,520,892 (2024 - 1,488,517) Ordinary shares of £0.01 each | 15,208.92 | 14,885.17
On 11 December 2024 32,375 Ordinary shares of £0.01 each were issued for total consideration of £326,340.
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