Caseware UK (AP4) 2024.0.164 2024.0.164 2025-09-30 2025-09-30 1 2024-10-01 false No description of principal activity 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 04497081 2024-10-01 2025-09-30 04497081 2023-10-01 2024-09-30 04497081 2025-09-30 04497081 2024-09-30 04497081 c:Director2 2024-10-01 2025-09-30 04497081 d:OfficeEquipment 2024-10-01 2025-09-30 04497081 d:OfficeEquipment 2025-09-30 04497081 d:OfficeEquipment 2024-09-30 04497081 d:ComputerEquipment 2024-10-01 2025-09-30 04497081 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-09-30 04497081 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 04497081 d:CurrentFinancialInstruments 2025-09-30 04497081 d:CurrentFinancialInstruments 2024-09-30 04497081 d:Non-currentFinancialInstruments 2025-09-30 04497081 d:Non-currentFinancialInstruments 2024-09-30 04497081 d:CurrentFinancialInstruments d:WithinOneYear 2025-09-30 04497081 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 04497081 d:Non-currentFinancialInstruments d:AfterOneYear 2025-09-30 04497081 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 04497081 d:ShareCapital 2025-09-30 04497081 d:ShareCapital 2024-09-30 04497081 d:SharePremium 2025-09-30 04497081 d:SharePremium 2024-09-30 04497081 d:RetainedEarningsAccumulatedLosses 2025-09-30 04497081 d:RetainedEarningsAccumulatedLosses 2024-09-30 04497081 c:FRS102 2024-10-01 2025-09-30 04497081 c:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 04497081 c:FullAccounts 2024-10-01 2025-09-30 04497081 c:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 04497081 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2024-10-01 2025-09-30 04497081 e:PoundSterling 2024-10-01 2025-09-30 iso4217:GBP xbrli:pure

Registered number: 04497081 ARJUNA TECHNOLOGIES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 SEPTEMBER 2025
ARJUNA TECHNOLOGIES LIMITED CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ARJUNA TECHNOLOGIES LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Arjuna Technologies Limited for the year ended 30 September 2025 which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation. This report is made solely to the board of directors of Arjuna Technologies Limited, as a body, in accordance with the terms of our engagement letter dated 10 December 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Arjuna Technologies Limited and state those matters that we have agreed to state to the board of directors of Arjuna Technologies Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arjuna Technologies Limited and its board of directors, as a body, for our work or for this report. It is your duty to ensure that Arjuna Technologies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Arjuna Technologies Limited. You consider that Arjuna Technologies Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of Arjuna Technologies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Armstrong Watson LLP First Floor One Strawberry Lane Newcastle upon Tyne NE1 4BX 26 February 2026 Page 1
ARJUNA TECHNOLOGIES LIMITED REGISTERED NUMBER: 04497081 STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 5 |  | 1,038,580 |  | 1,032,349
|  |  | 1,038,580 |  | 1,032,349
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 19,183 |  | 24,131 |
Cash at bank in and in hand |  | 48,678 |  | 21,376 |
|  | 67,861 |  | 45,507 |
Creditors: amounts falling due within one year | 8 | (376,001) |  | (343,507) |
Net current liabilities |  |  | (308,140) |  | (298,000)
Total assets less current liabilities |  |  | 730,440 |  | 734,349
Creditors: amounts falling due after more than one year | 9 |  | (118,800) |  | (118,800)
Net assets |  |  | 611,640 |  | 615,549
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 996,076 |  | 996,076
Share premium account |  |  | 30,984 |  | 30,984
Profit and loss account |  |  | (415,420) |  | (411,511)
|  |  | 611,640 |  | 615,549
Page 2
ARJUNA TECHNOLOGIES LIMITED REGISTERED NUMBER: 04497081 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 SEPTEMBER 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 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 on 26 February 2026.
J G Carney - Chairman
Director
The notes on pages 4 to 9 form part of these financial statements. Page 3
ARJUNA TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. | General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Urban Sciences Building, Newcastle Helix, Bath Lane, Newcastle upon Tyne, NE4 5TG. 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. 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 financial statements are prepared in sterling, which is the functional currency of the entity. The following principal accounting policies have been applied:
| 2.2 | Going concern
The company continues to generate revenues from provision of expert consultancy services whilst simultaneously exploring the potential for a sale of its technology asset, Agility DataBroker. The company incurred a small loss for the year. However, the directors are confident that consultancy revenues for the coming year, together with any necessary reduction in operating costs, if required, will provide sufficient resources to enable the company to continue to trade. The directors have considered the uncertainties surrounding the matters described above and that the loan note maturity date is defined as the date of an Exit Event. The directors have concluded that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and have, therefore, adopted the going concern basis in preparing the 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 4
ARJUNA TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.4 | Revenue recognition
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: Revenues from software licence agreements are recognised when there is an agreement with a customer and delivery of the software has taken place. If significant post-delivery obligations exist, such as new versions and upgrades, then revenues are deferred until the obligations are met on a pro-rata basis over the period of the contract. Revenues from customer support services are recognised over the term of the support period. If customer support services are included free in a licence agreement, these amounts are allocated out of the licence fee at their fair market value based on the value established by independent sale of the customer support services to customers. Revenues from consulting services are recognised as services are performed. Turnover represents the value of work done in the year, including estimates of amounts not invoiced and is recognised by reference to the stage of completion.
| 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. 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 | 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date. Page 5
ARJUNA TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.7 | 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.
| 2.8 | 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 | - | 15% |
|  |  |  | Computer equipment | - | 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.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.10 | 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.
| 2.11 | Financial instruments
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. Page 6
ARJUNA TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. In particular, the directors have considered the carrying value of deferred development expenditure and this is explained more fully in note 7 to the financial statements. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.
4. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
5. | Intangible assets
|  | Development expenditure
|  | £
| Cost |
| At 1 October 2024 | 1,032,349
| Additions | 6,231
| At 30 September 2025 | 1,038,580
| Net book value |
| At 30 September 2025 | 1,038,580
| At 30 September 2024 | 1,032,349
| The directors have performed an impairment review of the deferred development expenditure as at 30 September 2025. Although there is uncertainty regarding the amount that will subsequently be recovered, the directors are of the opinion that the recoverable amount of the asset, being the higher of its fair value less costs to sell and its value in use, exceeds the carrying value in the financial statements. As the intangible has not yet been brought into use, no amortisation has been charged.
Page 7
ARJUNA TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
6. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| At 1 October 2024 | 10,150
| At 30 September 2025 | 10,150
| Depreciation |
| At 1 October 2024 | 10,150
| At 30 September 2025 | 10,150
| Net book value |
| At 30 September 2025 | -
| At 30 September 2024 | -
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 19,183 | 12,800
| Other debtors | - | 7,598
| Prepayments and accrued income | - | 3,733
|  | 19,183 | 24,131
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 1,108 | 938
| Other taxation and social security | 6,450 | 3,280
| Other creditors | - | 5,029
| Accruals and deferred income | 368,443 | 334,260
|  | 376,001 | 343,507
Page 8
ARJUNA TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 118,800 | 118,800
|  | 118,800 | 118,800
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fixed rate loans | 118,800 | 118,800
|  | 118,800 | 118,800
| Details of security provided:
Included in creditors are fixed rate loans amounting to £118,800, representing 33 (2024: 33) loan notes of £3,600 each. The maturity date of the loan notes is defined as an Exit Event. The loan notes are repayable on or before the maturity date at the option of the company. Interest accrued at a rate of 12% per annum to 31 December 2016 and then accrues at 18% on £79,200 of the loan notes, but continues at 12% on £39,600 of the loan notes. In the event of an exit event, the noteholders are each entitled to a premium of 0.5% of the proceeds in excess of £500,000. The loan notes are secured by a fixed and floating charge over the company's assets.
10. | Contingent liabilities
There is a contingent liability of £104,886 in respect of dividends payable. This relates to a contractual obligation within the articles of association to pay a dividend of £42,693 to the 'A' ordinary shareholders and £62,193 to the preference shareholders as soon as the company is not precluded by law from doing so. There is also a contingent liability for non-executive directors' fees arising on an exit event of £12,000 each per annum commencing on 1 October 2012. At the balance sheet date, the total contingent liability for these fees amounted to £536,000. The directors have considered the short to medium term profit forecasts and have concluded that there are significant uncertainties, such that payment of the above liabilities is considered possible but not probabl
Page 9