Caseware UK (AP4) 2024.0.164 2024.0.164 1 2023-12-01 true false recruitment activities.1 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11648876 2023-12-01 2024-10-31 11648876 2022-12-01 2023-11-30 11648876 2024-10-31 11648876 2023-11-30 11648876 c:Director3 2023-12-01 2024-10-31 11648876 d:OfficeEquipment 2023-12-01 2024-10-31 11648876 d:OfficeEquipment 2024-10-31 11648876 d:OfficeEquipment 2023-11-30 11648876 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-10-31 11648876 d:ComputerEquipment 2023-12-01 2024-10-31 11648876 d:ComputerEquipment 2024-10-31 11648876 d:ComputerEquipment 2023-11-30 11648876 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-10-31 11648876 d:OwnedOrFreeholdAssets 2023-12-01 2024-10-31 11648876 d:CurrentFinancialInstruments 2024-10-31 11648876 d:CurrentFinancialInstruments 2023-11-30 11648876 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 11648876 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11648876 d:ShareCapital 2024-10-31 11648876 d:ShareCapital 2023-11-30 11648876 d:RetainedEarningsAccumulatedLosses 2024-10-31 11648876 d:RetainedEarningsAccumulatedLosses 2023-11-30 11648876 c:FRS102 2023-12-01 2024-10-31 11648876 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-10-31 11648876 c:FullAccounts 2023-12-01 2024-10-31 11648876 c:PrivateLimitedCompanyLtd 2023-12-01 2024-10-31 11648876 e:PoundSterling 2023-12-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 11648876
| R2 Commerce Recruitment Services Ltd Financial statements Information for filing with the registrar 31 October 2024 |
R2 Commerce Recruitment Services Ltd
Balance sheet At 31 October 2024
|  | 31 October |  | 30 November
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 1,851 |  | 3,675
|  |  | 1,851 |  | 3,675
Current assets |  |  |  |  |
Debtors | 5 | 292,449 |  | 223,068 |
Cash at bank and in hand |  | 1,532,140 |  | 1,428,743 |
|  | 1,824,589 |  | 1,651,811 |
Creditors: amounts falling due within one year | 6 | (140,704) |  | (285,955) |
Net current assets |  |  | 1,683,885 |  | 1,365,856
Total assets less current liabilities |  |  | 1,685,736 |  | 1,369,531
Provisions for liabilities |  |  |  |  |
Deferred tax |  |  | (463) |  | (919)
Net assets |  |  | 1,685,273 |  | 1,368,612
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 200 |  | 200
Profit and loss account |  |  | 1,685,073 |  | 1,368,412
Shareholders' funds |  |  | 1,685,273 |  | 1,368,612
1
R2 Commerce Recruitment Services Ltd
Balance sheet (continued) At 31 October 2024 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 period 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 on 16 January 2026.
J Gaitan
Director
Company registered number: 11648876 The notes on pages 3 to 6 form part of these financial statements. 2
R2 Commerce Recruitment Services Ltd
Notes to the financial statements Period ended 31 October 2024
1. | General information
R2 Commerce Recruitment Services Ltd (‘the company’) is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is The Pearl Floor 2, Unit 14, New Bridge Street West, Newcastle upon Tyne, NE1 8AQ. 2.Accounting policies
| 2.1 | Statement of compliance
The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ (FRS 102) and the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | 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.
| 2.3 | 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.
| 2.4 | Current and deferred taxation
The tax expense for the period 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 balance sheet 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 balance sheet 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 balance sheet date. 3
R2 Commerce Recruitment Services Ltd
Notes to the financial statements Period ended 31 October 2024 2.Accounting policies (continued)
| 2.5 | 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:
|  |  |  | Office equipment | - | 3 years straight line
|  |  |  | Computer equipment | - | 3 years 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.
| 2.6 | 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.
| 2.7 | Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
3. | Employees
| The average monthly number of employees, including directors, during the period was 1 (2023: 1).
4
R2 Commerce Recruitment Services Ltd
Notes to the financial statements Period ended 31 October 2024
4. | Tangible fixed assets
|  | Office equipment | Computer equipment | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 December 2023 | 213 | 5,854 | 6,067
| At 31 October 2024 | 213 | 5,854 | 6,067
| Depreciation |  |  |
| At 1 December 2023 | 100 | 2,292 | 2,392
| Charge for the year | 35 | 1,789 | 1,824
| At 31 October 2024 | 135 | 4,081 | 4,216
| Net book value |  |  |
| At 31 October 2024 | 78 | 1,773 | 1,851
| At 30 November 2023 | 113 | 3,562 | 3,675
5. | Debtors
|  |  |  |  | 31 October | 30 November
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 285,789 | 216,108
| Other debtors | 6,660 | 6,659
| Prepayments and accrued income | - | 301
|  | 292,449 | 223,068
5
R2 Commerce Recruitment Services Ltd
Notes to the financial statements Period ended 31 October 2024
6. | Creditors: amounts falling due within one year
|  |  |  |  | 31 October | 30 November
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Corporation tax | 50,177 | 126,045
| Other taxation and social security | 40,277 | 33,758
| Accruals and deferred income | 50,250 | 126,152
|  | 140,704 | 285,955
7. | Related party transactions
| There was an agreed on-demand facility agreement between the company and its parent for an amount not exceeding £1,750,000. During the year there were intercompany transactions with it's related companies, the net balances at the year end are shown below. The loans are unsecured, interest-free and repayable on demand.
|  |  |  |  | 31 October | 30 November
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| R2 Global Recruitment Services Ltd | 210,789 | 216,108
| Talento Inc. | 75,000 | -
|  | 285,789 | 216,108
6