Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 false No description of principal activity false 2025-01-01 16 16 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01119378 2025-01-01 2025-12-31 01119378 2024-01-01 2024-12-31 01119378 2025-12-31 01119378 2024-12-31 01119378 2024-01-01 01119378 c:Director6 2025-01-01 2025-12-31 01119378 d:FurnitureFittings 2025-01-01 2025-12-31 01119378 d:FurnitureFittings 2025-12-31 01119378 d:FurnitureFittings 2024-12-31 01119378 d:FurnitureFittings d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01119378 d:PatentsTrademarksLicencesConcessionsSimilar 2025-12-31 01119378 d:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 01119378 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 01119378 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 01119378 d:CurrentFinancialInstruments 2025-12-31 01119378 d:CurrentFinancialInstruments 2024-12-31 01119378 d:Non-currentFinancialInstruments 2025-12-31 01119378 d:Non-currentFinancialInstruments 2024-12-31 01119378 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 01119378 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 01119378 d:Non-currentFinancialInstruments d:AfterOneYear 2025-12-31 01119378 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 01119378 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-12-31 01119378 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 01119378 d:RevaluationReserve 2025-01-01 2025-12-31 01119378 d:RevaluationReserve 2025-12-31 01119378 d:RevaluationReserve 2024-01-01 2024-12-31 01119378 d:RevaluationReserve 2024-12-31 01119378 d:RevaluationReserve 2024-01-01 01119378 d:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 01119378 d:RetainedEarningsAccumulatedLosses 2025-12-31 01119378 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 01119378 d:RetainedEarningsAccumulatedLosses 2024-12-31 01119378 d:RetainedEarningsAccumulatedLosses 2024-01-01 01119378 c:FRS102 2025-01-01 2025-12-31 01119378 c:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 01119378 c:FullAccounts 2025-01-01 2025-12-31 01119378 c:CompanyLimitedByGuarantee 2025-01-01 2025-12-31 01119378 d:Subsidiary1 2025-12-31 01119378 d:Subsidiary1 2025-01-01 2025-12-31 01119378 d:Subsidiary1 1 2025-01-01 2025-12-31 01119378 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2025-01-01 2025-12-31 01119378 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2025-01-01 2025-12-31 01119378 2 2025-01-01 2025-12-31 01119378 5 2025-01-01 2025-12-31 01119378 6 2025-01-01 2025-12-31 01119378 d:ExternallyAcquiredIntangibleAssets 2025-01-01 2025-12-31 01119378 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2025-01-01 2025-12-31 01119378 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2025-01-01 2025-12-31 01119378 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Registered number: 01119378 INSTITUTE OF ACCOUNTANTS AND BOOKKEEPERS (A company limited by guarantee) UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
INSTITUTE OF ACCOUNTANTS AND BOOKKEEPERS (A company limited by guarantee) REGISTERED NUMBER: 01119378 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 5 |  | 881,061 |  | 737,286
Tangible assets | 6 |  | 685 |  | 1,721
Investments | 7 |  | 1 |  | 1
|  |  | 881,747 |  | 739,008
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 8 | 183,234 |  | 143,307 |
Cash at bank and in hand | 9 | 18,915 |  | 16,352 |
|  | 202,149 |  | 159,659 |
Creditors: amounts falling due within one year | 10 | (510,830) |  | (670,433) |
Net current liabilities |  |  | (308,681) |  | (510,774)
Total assets less current liabilities |  |  | 573,066 |  | 228,234
Creditors: amounts falling due after more than one year | 11 |  | (30,588) |  | (36,208)
Net assets |  |  | 542,478 |  | 192,026
Capital and reserves |  |  |  |  |
Revaluation reserve | 13 |  | 23,289 |  | 23,289
Profit and loss account | 13 |  | 519,189 |  | 168,737
|  |  | 542,478 |  | 192,026
Page 1
INSTITUTE OF ACCOUNTANTS AND BOOKKEEPERS (A company limited by guarantee) REGISTERED NUMBER: 01119378 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 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 on 28 February 2026.
S A S Palmer
Director
The notes on pages 4 to 13 form part of these financial statements. Page 2
INSTITUTE OF ACCOUNTANTS AND BOOKKEEPERS (A company limited by guarantee) STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025
| Revaluation reserve | Profit and loss account | Total equity
| £ | £ | £
At 1 January 2024 | 23,289 | 172,447 | 195,736
Comprehensive income for the year |  |  |
Loss for the year | - | (3,710) | (3,710)
Total comprehensive income for the year | - | (3,710) | (3,710)
Total transactions with owners | - | - | -
At 1 January 2025 | 23,289 | 168,737 | 192,026
Comprehensive income for the year |  |  |
Profit for the year | - | 350,452 | 350,452
Total comprehensive income for the year | - | 350,452 | 350,452
Total transactions with owners | - | - | -
At 31 December 2025 | 23,289 | 519,189 | 542,478
| The notes on pages 4 to 13 form part of these financial statements.
Page 3
INSTITUTE OF ACCOUNTANTS AND BOOKKEEPERS (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 33 Queen Street, London, England, EC4R 1AP. 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 following principal accounting policies have been applied:
| 2.2 | 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.
| 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 4
INSTITUTE OF ACCOUNTANTS AND BOOKKEEPERS (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.5 | Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
| 2.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.7 | 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.
| 2.8 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.9 | 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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds. Page 5
INSTITUTE OF ACCOUNTANTS AND BOOKKEEPERS (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.10 | 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 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.
| 2.11 | 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.
| 2.12 | 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:
|  |  |  | Fixtures and fittings | - | 33% |
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. Page 6
INSTITUTE OF ACCOUNTANTS AND BOOKKEEPERS (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.13 | Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
| 2.14 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.15 | 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.
| 2.16 | 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.
| 2.17 | 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 7
INSTITUTE OF ACCOUNTANTS AND BOOKKEEPERS (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates. The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised. The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below: Prepayments & Accrued Expenditure The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
4. | Employees
| The average monthly number of employees, including directors, during the year was 16 (2024 - 16).
Page 8
INSTITUTE OF ACCOUNTANTS AND BOOKKEEPERS (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Intangible assets
|  | Patents | Development expenditure | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 January 2025 | 171,213 | 594,223 | 765,436
| Additions | - | 160,896 | 160,896
| At 31 December 2025 | 171,213 | 755,119 | 926,332
| Amortisation |  |  |
| At 1 January 2025 | 28,150 | - | 28,150
| Charge for the year on owned assets | 17,121 | - | 17,121
| At 31 December 2025 | 45,271 | - | 45,271
| Net book value |  |  |
| At 31 December 2025 | 125,942 | 755,119 | 881,061
| At 31 December 2024 | 143,063 | 594,223 | 737,286
Page 9
INSTITUTE OF ACCOUNTANTS AND BOOKKEEPERS (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Tangible fixed assets
|  | Fixtures and fittings
|  | £
| Cost or valuation |
| At 1 January 2025 | 36,516
| At 31 December 2025 | 36,516
| Depreciation |
| At 1 January 2025 | 34,795
| Charge for the year on owned assets | 1,036
| At 31 December 2025 | 35,831
| Net book value |
| At 31 December 2025 | 685
| At 31 December 2024 | 1,721
7. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 January 2025 | 1
| At 31 December 2025 | 1
Page 10
INSTITUTE OF ACCOUNTANTS AND BOOKKEEPERS (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
| Subsidiary undertaking
| The following was a subsidiary undertaking of the Company:
| Name | Registered office | Class of shares | Holding
| IAB LCCI Limited | WC2H 7HF | Ordinary £1 | 100%
| The aggregate of the share capital and reserves as at 31 December 2025 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:
| Name | Aggregate of share capital and reserves | Profit/(Loss)
| IAB LCCI Limited | 47,730 | (3,092)
8. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 28,242 | 60,904
| Amounts owed by group undertakings | 88,507 | 10,533
| Other debtors | 48,837 | 55,186
| Prepayments and accrued income | 17,648 | 16,684
|  | 183,234 | 143,307
9. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 18,915 | 16,352
|  | 18,915 | 16,352
Page 11
INSTITUTE OF ACCOUNTANTS AND BOOKKEEPERS (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 48,347 | 81,704
| Amounts owed to group undertakings | - | 292,048
| Amounts owed to other interests | 283,348 | 190,441
| Other taxation and social security | 104,131 | 64,091
| Other creditors | 69,504 | 36,649
| Accruals | 5,500 | 5,500
|  | 510,830 | 670,433
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other taxation and social security |  |
| PAYE/NI control | 104,131 | 64,091
|  | 104,131 | 64,091
11. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 30,588 | 36,208
|  | 30,588 | 36,208
Page 12
INSTITUTE OF ACCOUNTANTS AND BOOKKEEPERS (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
12. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due 2-5 years |  |
| Bank loans | 30,588 | 36,208
|  | 30,588 | 36,208
|  | 30,588 | 36,208
13. | Reserves
Revaluation reserve The revaluation reserve is not distributable. Profit and loss account The profit and loss account is fully distributable.
14. | Company status
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
15. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £53,046 (2024 - £34,222). Contributions totalling £5,880 (2024 - £3,439) were payable to the fund at the reporting date and are included in other creditors.
Page 13