Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 false 2024-04-01 true false No description of principal activity 2 2 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09693661 2024-04-01 2025-03-31 09693661 2023-04-01 2024-03-31 09693661 2025-03-31 09693661 2024-03-31 09693661 c:Director2 2024-04-01 2025-03-31 09693661 d:CurrentFinancialInstruments 2025-03-31 09693661 d:CurrentFinancialInstruments 2024-03-31 09693661 d:Non-currentFinancialInstruments 2025-03-31 09693661 d:Non-currentFinancialInstruments 2024-03-31 09693661 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 09693661 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09693661 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 09693661 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09693661 d:ShareCapital 2025-03-31 09693661 d:ShareCapital 2024-03-31 09693661 d:RetainedEarningsAccumulatedLosses 2025-03-31 09693661 d:RetainedEarningsAccumulatedLosses 2024-03-31 09693661 c:OrdinaryShareClass1 2024-04-01 2025-03-31 09693661 c:OrdinaryShareClass1 2025-03-31 09693661 c:OrdinaryShareClass1 2024-03-31 09693661 c:OrdinaryShareClass2 2024-04-01 2025-03-31 09693661 c:OrdinaryShareClass2 2025-03-31 09693661 c:OrdinaryShareClass2 2024-03-31 09693661 c:OrdinaryShareClass3 2024-04-01 2025-03-31 09693661 c:OrdinaryShareClass3 2025-03-31 09693661 c:OrdinaryShareClass3 2024-03-31 09693661 c:FRS102 2024-04-01 2025-03-31 09693661 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09693661 c:FullAccounts 2024-04-01 2025-03-31 09693661 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09693661 2 2024-04-01 2025-03-31 09693661 4 2025-03-31 09693661 4 2024-03-31 09693661 f:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09693661 BALANCE REV LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
BALANCE REV LTD REGISTERED NUMBER: 09693661 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 5 |  | 963,748 |  | 1,346,753
|  |  | 963,748 |  | 1,346,753
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 120,394 |  | 120,233 |
Cash at bank and in hand |  | 641,514 |  | 871,800 |
|  | 761,908 |  | 992,033 |
Creditors: amounts falling due within one year | 7 | (9,864) |  | (32,291) |
Net current assets |  |  | 752,044 |  | 959,742
Total assets less current liabilities |  |  | 1,715,792 |  | 2,306,495
Creditors: amounts falling due after more than one year | 8 |  | (2,841,254) |  | (2,977,960)
Net liabilities |  |  | (1,125,462) |  | (671,465)
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 27 |  | 27
Profit and loss account |  |  | (1,125,489) |  | (671,492)
|  |  | (1,125,462) |  | (671,465)
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BALANCE REV LTD REGISTERED NUMBER: 09693661 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 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:
Jamie Houlker
Director
Date: 21 August 2025
The notes on pages 3 to 7 form part of these financial statements. Page 2
BALANCE REV LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Balance REV Ltd is a private company limited by shares incorporated in England and Wales in the United Kingdom. The address of the registered office is 25 Southampton Buildings, London, WC2A 1AL. The Financial Statements are presented in sterling which is the functional currency of the Company and are rounded to the nearest £1. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Going concern
The Company is reliant on a non-recourse loan facility and is progressing as forecast in its business plan. The Directors consider there are no material uncertainties that cast doubt on the Company to continue as a going concern. Accordingly, the Directors have prepared the accounts on the going concern basis.
| 2.3 | 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.
| 2.4 | 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.
| 2.5 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Page 3
BALANCE REV LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Financial instruments (continued)
Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Financial assets relating to litigation projects (financial investments) are measured at cost until the conclusion of the project at which time the revenue is probable and can be reliably measured, as per the revenue recognition policy. These subsequent changes in the fair value are recognised in the Statement of Comprehensive Income.
| 2.6 | 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. Page 4
BALANCE REV LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | 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 the Statement of Comprehensive Income 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 the Statement of Comprehensive Income within 'other operating income'.
| 2.8 | Interest income
Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.
| 2.9 | Borrowing costs
All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
The most significant estimates (if any) relate to the valuation of the financial investments at fair value through profit or loss as determined by the company with respect to recoverability from a settlement or judgement debt.
4. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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BALANCE REV LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Fixed asset investments
|  | Trade investments
|  | £
| At 1 April 2024 | 1,346,753
| Additions | 28,417
| Disposals | (370,364)
| Revaluations | (41,058)
| Net book value |
| At 31 March 2025 | 963,748
| At 31 March 2024 | 1,346,753
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 120,394 | 120,233
|  | 120,394 | 120,233
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 1,326 | 1,882
| Amounts owed to group undertakings | 6,744 | 28,181
| Accruals and deferred income | 1,794 | 2,228
|  | 9,864 | 32,291
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BALANCE REV LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 2,841,254 | 2,977,960
|  | 2,841,254 | 2,977,960
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 10 (2024 - 10) Ordinary Class B shares of £1.00000 each | 10 | 10
|  | 1,570,000 (2024 - 1,570,000) Non-voting Class A shares shares of £0.00001 each | 16 | 16
|  | 100 (2024 - 100) Carry shares shares of £0.01000 each | 1 | 1
|  |  | 27 | 27
10. | Contingent liabilities
Balance REV Ltd has entered into non-recourse loan agreements, the terms of which require that the Company, at the point of making a profit will pay interest of 8% per annum plus a further payment based on underlying profits. As at 31 March 2025, the company was committed to funding invoices totalling £nil (2024: £nil).
11. | Related party transactions
| As at 31 March 2025 £117,428 (2024 - £169,672) was due by the company to the director, Mr R Rothkopf. This balance is repayable after more than one year and shown in other loans. During the year, Mr R Rothkopf received no repayment of his non-recourse loan from the company (2024 - £nil). During the year the company incurred management fees amounting to £85,221 (2024 - £85,221) due to Balance Legal Capital LLP, an entity in which Mr R Rothkopf is a Member. At the balance sheet date, £6,744 (2024 - £28,181) was owed to Balance Legal Capital LLP.
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