Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-31 2025-05-31 2024-06-01 false 1 1 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10790041 2024-06-01 2025-05-31 10790041 2023-06-01 2024-05-31 10790041 2025-05-31 10790041 2024-05-31 10790041 c:Director1 2024-06-01 2025-05-31 10790041 d:OfficeEquipment 2025-05-31 10790041 d:OfficeEquipment 2024-05-31 10790041 d:ComputerEquipment 2024-06-01 2025-05-31 10790041 d:PatentsTrademarksLicencesConcessionsSimilar 2024-06-01 2025-05-31 10790041 d:PatentsTrademarksLicencesConcessionsSimilar 2025-05-31 10790041 d:PatentsTrademarksLicencesConcessionsSimilar 2024-05-31 10790041 d:CurrentFinancialInstruments 2025-05-31 10790041 d:CurrentFinancialInstruments 2024-05-31 10790041 d:CurrentFinancialInstruments d:WithinOneYear 2025-05-31 10790041 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10790041 d:ShareCapital 2025-05-31 10790041 d:ShareCapital 2024-05-31 10790041 d:RetainedEarningsAccumulatedLosses 2025-05-31 10790041 d:RetainedEarningsAccumulatedLosses 2024-05-31 10790041 c:OrdinaryShareClass1 2024-06-01 2025-05-31 10790041 c:OrdinaryShareClass1 2025-05-31 10790041 c:OrdinaryShareClass1 2024-05-31 10790041 c:FRS102 2024-06-01 2025-05-31 10790041 c:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 10790041 c:FullAccounts 2024-06-01 2025-05-31 10790041 c:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 10790041 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2024-06-01 2025-05-31 10790041 e:PoundSterling 2024-06-01 2025-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10790041 SYPSTRAW LIMITED (FORMALLY BABBLEBERRY LIMITED) UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MAY 2025
SYPSTRAW LIMITED (FORMALLY BABBLEBERRY LIMITED) REGISTERED NUMBER: 10790041 BALANCE SHEET AS AT 31 MAY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 5 |  | 3,161 |  | 4,214
Current assets |  |  |  |  |
Cash at bank |  | 94 |  | 1,031 |
Current Liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 7 | (23,168) |  | (21,770) |
Net current liabilities |  |  | (23,074) |  | (20,739)
Net liabilities |  |  | (19,913) |  | (16,525)
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 1,000 |  | 1,000
Profit and loss account |  |  | (20,913) |  | (17,525)
|  |  | (19,913) |  | (16,525)
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 profit and loss account 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 A Greenwood-Byrne
Director
Date: 18 February 2026
The notes on pages 2 to 8 form part of these financial statements. Page 1
SYPSTRAW LIMITED (FORMALLY BABBLEBERRY LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
1. | General information
Sypstraw Limited is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the regsitered office is 115 Wilbury Road, Letchworth Garden City, Hertfordshire, SG6 4JG. This Company is not part of a group. 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 and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
The Company is only able to trade with the continuing support of the director. The director has indicated that this support will not be withdrawn. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of this support
| 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: 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. Page 2
SYPSTRAW LIMITED (FORMALLY BABBLEBERRY LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.4 | 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. No provision for deferred tax on accelerated capital allowances has been made, as any potential liability would be covered by tax losses available to carry forward.. 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.
| 2.5 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. The estimated useful lives range as follows:
|  |  |  | Intellectual property | - | 5 | years straight line
Page 3
SYPSTRAW LIMITED (FORMALLY BABBLEBERRY LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.6 | 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. Depreciation is provided on the following basis:
|  |  |  | Computer equipment | - | 33% | 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.
| 2.7 | 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.
| 2.8 | 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
SYPSTRAW LIMITED (FORMALLY BABBLEBERRY LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.9 | 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. 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. Basic 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
Page 5
SYPSTRAW LIMITED (FORMALLY BABBLEBERRY LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
4. | Taxation
| Factors affecting tax charge for the year
| There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of 19% (2024 - 19%).
| Factors that may affect future tax charges
The Company has estimated tax losses of £18,000 (2024 - £16,000) available for carrying forward against future taxable profits. No provision for deferred tax has been made on tax losses available for carry forward as the director is unsure when sufficient future trading profits will be generated to utilise the losses. Had a full provision been made, a deferred tax asset amounting to £5,219 (2024 - £4,372) at 25% (2024 - 25%) would be generated. No provision for deferred tax on accelerated capital allowances has been made, as any potential liability would be covered by tax losses available to carry forward.
5. | Intangible assets
|  | Intellectual property
|  | £
| Cost |
| At 1 June 2024 | 5,267
| At 31 May 2025 | 5,267
| Amortisation |
| At 1 June 2024 | 1,053
| Charge for the year on owned assets | 1,053
| At 31 May 2025 | 2,106
| Net book value |
| At 31 May 2025 | 3,161
| At 31 May 2024 | 4,214
Page 6
SYPSTRAW LIMITED (FORMALLY BABBLEBERRY LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
6. | Tangible fixed assets
|  | Other fixed assets
|  | £
| Cost |
| At 1 June 2024 | 2,000
| At 31 May 2025 | 2,000
| Depreciation |
| At 1 June 2024 | 2,000
| At 31 May 2025 | 2,000
| Net book value |
| At 31 May 2025 | -
| At 31 May 2024 | -
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 8 | -
| Other creditors | 21,994 | 20,665
| Accruals | 1,166 | 1,105
|  | 23,168 | 21,770
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1,000 (2024 - 1,000) Ordinary shares of £1.00 each | 1,000 | 1,000
Page 7
SYPSTRAW LIMITED (FORMALLY BABBLEBERRY LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
9. | Related party transactions
| During the year the Company operated a loan account with the director of the Company. The amount payable to the director of the Company at the year end was £21,994 (2024 - £20,665). This loan is interest free and repayable on demand.
Page 8