Caseware UK (AP4) 2025.0.111 2025.0.111 2025-05-31 2025-05-31 5 2024-06-01 false 4 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11872190 2024-06-01 2025-05-31 11872190 2023-06-01 2024-05-31 11872190 2025-05-31 11872190 2024-05-31 11872190 c:Director2 2024-06-01 2025-05-31 11872190 c:Director3 2024-06-01 2025-05-31 11872190 d:ComputerEquipment 2024-06-01 2025-05-31 11872190 d:ComputerEquipment 2025-05-31 11872190 d:ComputerEquipment 2024-05-31 11872190 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 11872190 d:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 11872190 d:OtherPropertyPlantEquipment 2025-05-31 11872190 d:OtherPropertyPlantEquipment 2024-05-31 11872190 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 11872190 d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 11872190 d:CurrentFinancialInstruments 2025-05-31 11872190 d:CurrentFinancialInstruments 2024-05-31 11872190 d:CurrentFinancialInstruments d:WithinOneYear 2025-05-31 11872190 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 11872190 d:ShareCapital 2025-05-31 11872190 d:ShareCapital 2024-05-31 11872190 d:SharePremium 2025-05-31 11872190 d:SharePremium 2024-05-31 11872190 d:RetainedEarningsAccumulatedLosses 2025-05-31 11872190 d:RetainedEarningsAccumulatedLosses 2024-05-31 11872190 c:OrdinaryShareClass1 2024-06-01 2025-05-31 11872190 c:OrdinaryShareClass1 2025-05-31 11872190 c:OrdinaryShareClass2 2024-06-01 2025-05-31 11872190 c:OrdinaryShareClass2 2025-05-31 11872190 c:FRS102 2024-06-01 2025-05-31 11872190 c:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 11872190 c:FullAccounts 2024-06-01 2025-05-31 11872190 c:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 11872190 2 2024-06-01 2025-05-31 11872190 6 2024-06-01 2025-05-31 11872190 d:Associate1 2024-06-01 2025-05-31 11872190 d:Associate1 1 2024-06-01 2025-05-31 11872190 e:PoundSterling 2024-06-01 2025-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11872190 BERKELEY TRADE FINANCE LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MAY 2025
BERKELEY TRADE FINANCE LIMITED REGISTERED NUMBER: 11872190 BALANCE SHEET AS AT 31 MAY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 2,474 |  | 2,270
Investment | 5 |  | - |  | -
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 1,432,490 |  | 751,847 |
Cash at bank and in hand | 7 | 605,950 |  | 764,269 |
|  | 2,038,440 |  | 1,516,116 |
Creditors: amounts falling due within one year | 8 | (1,768,931) |  | (1,288,958) |
Net current assets |  |  | 269,509 |  | 227,158
Total assets less current liabilities |  |  | 271,983 |  | 229,428
Net assets |  |  | 271,983 |  | 229,428
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 199 |  | 199
Share premium account |  |  | 299,900 |  | 299,900
Profit and loss account |  |  | (28,116) |  | (70,671)
|  |  | 271,983 |  | 229,428
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 income and retained earnings 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:
S Sarkoob | S Pleace
Director | Director
Date: 24 February 2026 |
The notes on pages 3 to 8 form part of these financial statements. Page 1
BERKELEY TRADE FINANCE LIMITED REGISTERED NUMBER: 11872190 BALANCE SHEET (CONTINUED) AS AT 31 MAY 2025 Page 2
BERKELEY TRADE FINANCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
1. | General information
Berkeley Trade Finance Limited is a private company, limited by shares and is incorporated in England and Wales. The address of its registered office is 29 Broad Walk, London, N21 3BU. 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 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 a going concern basis. The directors have considered the Company’s forecasts and cash flow projections and are satisfied that the Company has adequate resources to continue in operational existence for at least 12 months from the date of approval of these financial statements.
| 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. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
BERKELEY TRADE FINANCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.4 | 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: 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.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | 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.
| 2.7 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.8 | 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.
| 2.9 | 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 corporation 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. Page 4
BERKELEY TRADE FINANCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.10 | 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, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Computer equipment | - | 25% |
|  |  |  | Other fixed assets | - | 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.
| 2.11 | Investments in joint ventures
Investments in joint ventures are initially recognised at cost and subsequently measured at cost less any accumulated impairment losses. A joint venture is an arrangement in which the Company has joint control, whereby the parties that have joint control have rights to the net assets of the arrangement. The results, assets and liabilities of joint ventures are not consolidated in these financial statements.
| 2.12 | 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.
| 2.13 | 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.
| 2.14 | 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 directors, during the year was 4 (2024 - 5).
Page 5
BERKELEY TRADE FINANCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
4. | Tangible fixed assets
|  | Computer equipment | Other fixed assets | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 June 2024 | 3,449 | 440 | 3,889
| Additions | - | 892 | 892
| At 31 May 2025 | 3,449 | 1,332 | 4,781
| Depreciation |  |  |
| At 1 June 2024 | 1,317 | 302 | 1,619
| Charge for the year on owned assets | 533 | 155 | 688
| At 31 May 2025 | 1,850 | 457 | 2,307
| Net book value |  |  |
| At 31 May 2025 | 1,599 | 875 | 2,474
| At 31 May 2024 | 2,132 | 138 | 2,270
Page 6
BERKELEY TRADE FINANCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
5. | Fixed asset investments
| During the year, the Company purchased 2 Ordinary shares of £0.02 each in the below jointly controlled undertaking.
| Details of jointly controlled undertaking
| The Company holds the following interest in a jointly controlled undertaking:
| Name | Country of incorporation | Nature of business | Proportion of shares held
| Revolving Credit Facility Limited | England and Wales | Provision of credit facilities | 50%
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,066,790 | 386,001
| Amounts owed by jointly controlled undertaking | 2,000 | -
| Other debtors | 354,567 | 364,140
| Prepayments and accrued income | 9,133 | 1,706
|  | 1,432,490 | 751,847
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 605,950 | 764,269
Page 7
BERKELEY TRADE FINANCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 1,696,659 | 1,196,609
| Trade creditors | 20,934 | 16,745
| Other taxation and social security | 19,782 | 9,670
| Other creditors | 1,887 | 1,053
| Accruals and deferred income | 29,669 | 64,881
|  | 1,768,931 | 1,288,958
| The loans are unsecured. Although the loan agreement refers to a debenture, no charge had been registered at the balance sheet date.
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 99 Ordinary shares of £1 each | 99 | 99
|  | 100 Preference shares of £1 each | 100 | 100
|  |  | 199 | 199
10. | Pension commitments
The Company operated a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the Company to the fund and amounted to £2,824 (2024 - £3,781). Contributions totalling £1,634 (2024 - £937) were payable to the fund at the balance sheet date and were included in creditors.
11. | Related party transactions
| Revolving Credit Facility Limited is a jointly controlled entity of the Company by virtue of a 50% shareholding and joint control arrangements. Transactions with the jointly controlled entity were conducted on normal commercial terms. Amounts owed by Revolving Credit Facility Ltd at the year end amounted to £2,000.
Page 8