Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 true 2024-01-01 false false No description of principal activity 10 10 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11392375 2024-01-01 2024-12-31 11392375 2023-01-01 2023-12-31 11392375 2024-12-31 11392375 2023-12-31 11392375 2023-01-01 11392375 c:Director1 2024-01-01 2024-12-31 11392375 d:PlantMachinery 2024-01-01 2024-12-31 11392375 d:PlantMachinery 2024-12-31 11392375 d:PlantMachinery 2023-12-31 11392375 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11392375 d:MotorVehicles 2024-01-01 2024-12-31 11392375 d:FurnitureFittings 2024-01-01 2024-12-31 11392375 d:FurnitureFittings 2024-12-31 11392375 d:FurnitureFittings 2023-12-31 11392375 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11392375 d:OfficeEquipment 2024-01-01 2024-12-31 11392375 d:OfficeEquipment 2024-12-31 11392375 d:OfficeEquipment 2023-12-31 11392375 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11392375 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11392375 d:CurrentFinancialInstruments 2024-12-31 11392375 d:CurrentFinancialInstruments 2023-12-31 11392375 d:Non-currentFinancialInstruments 2024-12-31 11392375 d:Non-currentFinancialInstruments 2023-12-31 11392375 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11392375 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11392375 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 11392375 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11392375 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 11392375 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 11392375 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 11392375 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 11392375 d:ShareCapital 2024-12-31 11392375 d:ShareCapital 2023-12-31 11392375 d:RetainedEarningsAccumulatedLosses 2024-12-31 11392375 d:RetainedEarningsAccumulatedLosses 2023-12-31 11392375 c:FRS102 2024-01-01 2024-12-31 11392375 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11392375 c:FullAccounts 2024-01-01 2024-12-31 11392375 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11392375 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 11392375 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 11392375 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 11392375 INDIE CAMPERS UK LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
INDIE CAMPERS UK LTD REGISTERED NUMBER: 11392375 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 2,298,746 |  | 403,751
|  |  | 2,298,746 |  | 403,751
Current assets |  |  |  |  |
Stocks | 5 | 211,425 |  | 72,935 |
Debtors: amounts falling due after more than one year | 6 | 18,703 |  | 12,870 |
Debtors: amounts falling due within one year | 6 | 5,691,284 |  | 3,016,875 |
Cash at bank and in hand | 7 | 297,176 |  | 66,322 |
|  | 6,218,588 |  | 3,169,002 |
Creditors: amounts falling due within one year | 8 | (3,051,764) |  | (1,169,718) |
Net current assets |  |  | 3,166,824 |  | 1,999,284
Total assets less current liabilities |  |  | 5,465,570 |  | 2,403,035
Creditors: amounts falling due after more than one year | 9 |  | (3,232,793) |  | (334,433)
Net assets |  |  | 2,232,777 |  | 2,068,602
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1,563,355 |  | 1,563,355
Profit and loss account |  |  | 669,422 |  | 505,247
|  |  | 2,232,777 |  | 2,068,602
Page 1
INDIE CAMPERS UK LTD REGISTERED NUMBER: 11392375 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2024 The Director considers 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 Director acknowledges his 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 31 October 2025.
................................................ Hugo Alexandre Matias De Sa Oliveira
Director
The notes on pages 3 to 11 form part of these financial statements. Page 2
INDIE CAMPERS UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
The company was incorporated on 1 June 2018 in England & Wales, as a private company limited by shares. It is a wholly-owned subsidiary of INDIE EU HOLDING, UNIPESSOAL LDA, a company registered in Portugal. The principal activity of the company continued to be that of campervan rentals. 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 | 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. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
INDIE CAMPERS UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.3 | 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: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. 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.
| 2.4 | 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.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 4
INDIE CAMPERS UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 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.
| 2.7 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. 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; ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and ∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future. 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. Page 5
INDIE CAMPERS UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 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. At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. 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:
|  |  |  | Campervans | - | 13% |
|  |  |  | Motor vehicles | - | 13% |
|  |  |  | Fixtures and fittings | - | 33% |
|  |  |  | Office equipment | - | 25% |
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 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 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. Page 6
INDIE CAMPERS UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 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.
3. | Employees
| The average monthly number of employees, including the Director, during the year was as follows:
|  |  | 2024 | 2023
|  |  | No. | No.
|  | Employees | 10 | 10
Page 7
INDIE CAMPERS UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Tangible fixed assets
|  | Plant and machinery | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 January 2024 | 525,640 | 28,920 | 2,822 | 557,382
| Additions | 2,056,161 | 38,714 | 3,887 | 2,098,762
| Disposals | (127,056) | - | - | (127,056)
| At 31 December 2024 | 2,454,745 | 67,634 | 6,709 | 2,529,088
| Depreciation |  |  |  |
| At 1 January 2024 | 128,645 | 23,187 | 1,799 | 153,631
| Charge for the year on owned assets | 107,997 | 12,288 | 1,303 | 121,588
| Disposals | (44,877) | - | - | (44,877)
| At 31 December 2024 | 191,765 | 35,475 | 3,102 | 230,342
| Net book value |  |  |  |
| At 31 December 2024 | 2,262,980 | 32,159 | 3,607 | 2,298,746
| At 31 December 2023 | 396,995 | 5,733 | 1,023 | 403,751
Page 8
INDIE CAMPERS UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Stocks
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Camper Vans | 211,425 | 72,935
|  | 211,425 | 72,935
6. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Due after more than one year |  |
| Other debtors | 18,703 | 12,870
|  | 18,703 | 12,870
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 1,510,227 | 842,753
| Amounts owed by group undertakings | 2,472,144 | 1,644,789
| Other debtors | 1,509,722 | 330,142
| Deferred taxation | 199,191 | 199,191
|  | 5,691,284 | 3,016,875
7. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 297,176 | 66,322
|  | 297,176 | 66,322
Page 9
INDIE CAMPERS UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Payments received on account | 361,186 | 179,819
| Trade creditors | 13,890 | 546,751
| Other taxation and social security | 26,356 | 8,748
| Obligations under finance lease and hire purchase contracts | 1,463,308 | 246,483
| Other creditors | - | 38,204
| Accruals and deferred income | 1,187,024 | 149,713
|  | 3,051,764 | 1,169,718
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 14,806 | 24,112
| Amounts owed to group undertakings | 3,217,987 | 310,321
|  | 3,232,793 | 334,433
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts falling due 1-2 years |  |
| Bank loans | 11,275 | 10,162
|  | 11,275 | 10,162
| Amounts falling due 2-5 years |  |
| Bank loans | 3,531 | 13,950
|  | 3,531 | 13,950
|  | 14,806 | 24,112
Page 10
INDIE CAMPERS UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
11. | Deferred taxation
|  | 2024 | 2023
|  | £ | £
| At beginning of year | 199,191 | 185,750
| Charged to profit or loss | - | 13,441
| At end of year | 199,191 | 199,191
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Tax losses carried forward | 199,191 | 199,191
|  | 199,191 | 199,191
12. | Controlling party
The ultimate parent company is Indie EU Holding, Unipessoal Lda, a company registered in Portugal. The ultimate beneficial owner and ultimate controlling party is Mr Hugo Alexandre Matias De Sa Oliveira, company director.
Page 11