Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-28 2025-02-28 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity 1 2024-03-01 false 1 true true false 06503520 2024-03-01 2025-02-28 06503520 2023-03-01 2024-02-29 06503520 2025-02-28 06503520 2024-02-29 06503520 c:Director1 2024-03-01 2025-02-28 06503520 d:ComputerEquipment 2024-03-01 2025-02-28 06503520 d:ComputerEquipment 2025-02-28 06503520 d:ComputerEquipment 2024-02-29 06503520 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 06503520 d:FreeholdInvestmentProperty 2025-02-28 06503520 d:FreeholdInvestmentProperty 2024-02-29 06503520 d:CurrentFinancialInstruments 2025-02-28 06503520 d:CurrentFinancialInstruments 2024-02-29 06503520 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 06503520 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 06503520 d:ShareCapital 2025-02-28 06503520 d:ShareCapital 2024-02-29 06503520 d:RetainedEarningsAccumulatedLosses 2025-02-28 06503520 d:RetainedEarningsAccumulatedLosses 2024-02-29 06503520 c:FRS102 2024-03-01 2025-02-28 06503520 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 06503520 c:FullAccounts 2024-03-01 2025-02-28 06503520 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 06503520 2 2024-03-01 2025-02-28 06503520 d:AcceleratedTaxDepreciationDeferredTax 2025-02-28 06503520 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 06503520 d:OtherDeferredTax 2025-02-28 06503520 d:OtherDeferredTax 2024-02-29 06503520 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure

Registered number: 06503520 REDSPINNER LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 28 FEBRUARY 2025
REDSPINNER LIMITED REGISTERED NUMBER:06503520
STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2025
|  | 28 February |  | 29 February
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 343 |  | 515
Investment property | 5 |  | 430,000 |  | 430,000
|  |  | 430,343 |  | 430,515
Current assets |  |  |  |  |
Cash at bank and in hand |  | 376,812 |  | 370,568 |
|  | 376,812 |  | 370,568 |
Creditors: amounts falling due within one year | 6 | (3,902) |  | (4,575) |
Net current assets |  |  | 372,910 |  | 365,993
Total assets less current liabilities |  |  | 803,253 |  | 796,508
Provisions for liabilities |  |  |  |  |
Deferred tax | 7 | (24,773) |  | (24,816) |
|  |  | (24,773) |  | (24,816)
Net assets |  |  | 778,480 |  | 771,692
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 778,479 |  | 771,691
|  |  | 778,480 |  | 771,692
Page 1
REDSPINNER LIMITED REGISTERED NUMBER:06503520
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 28 FEBRUARY 2025 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 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 income statement 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:
................................................ Mr B Lodge
Director
Date: 18 November 2025
Page 2
REDSPINNER LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
1. | General information
Redspinner Limited is a private company limited by shares and incorporated in England and Wales, registration number 06503520. The registered office is 1 Queens Close, Norwich, NR4 7PE 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The following principal accounting policies have been applied:
| 2.2 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.3 | 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; 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. Page 3
REDSPINNER LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.4 | 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:
|  |  |  | Computer equipment | - | 20% | Straight line
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.
| 2.5 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.6 | 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.
| 2.7 | 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.
| 2.8 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Page 4
REDSPINNER LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
3. | Employees
The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
4. | Tangible fixed assets
|  | Computer equipment
|  | £
| Cost |
| At 1 March 2024 | 859
| At 28 February 2025 | 859
| Depreciation |
| At 1 March 2024 | 344
| Charge for the year | 172
| At 28 February 2025 | 516
| Net book value |
| At 28 February 2025 | 343
| At 29 February 2024 | 515
Page 5
REDSPINNER LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 March 2024 | 430,000
| At 28 February 2025 | 430,000
| Comprising |
| Cost | 430,000
| At 28 February 2025 | 430,000
The 2025 valuations were made by the director, on an open market value for existing use basis.
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax | 1,622 | 2,367
| Accruals and deferred income | 2,280 | 2,208
|  | 3,902 | 4,575
Page 6
REDSPINNER LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
7. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (24,816)
| Charged to profit or loss | 43
| At end of year | (24,773)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (86) | (129)
| Investment properties | (24,687) | (24,687)
|  | (24,773) | (24,816)
Page 7