Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2 2024-01-01 false No description of principal activity 2 true true false 11765696 2024-01-01 2024-12-31 11765696 2023-01-01 2023-12-31 11765696 2024-12-31 11765696 2023-12-31 11765696 c:Director1 2024-01-01 2024-12-31 11765696 d:OfficeEquipment 2024-01-01 2024-12-31 11765696 d:OfficeEquipment 2024-12-31 11765696 d:OfficeEquipment 2023-12-31 11765696 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11765696 d:ComputerEquipment 2024-01-01 2024-12-31 11765696 d:ComputerEquipment 2024-12-31 11765696 d:ComputerEquipment 2023-12-31 11765696 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11765696 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11765696 d:CurrentFinancialInstruments 2024-12-31 11765696 d:CurrentFinancialInstruments 2023-12-31 11765696 d:Non-currentFinancialInstruments 2024-12-31 11765696 d:Non-currentFinancialInstruments 2023-12-31 11765696 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11765696 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11765696 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 11765696 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11765696 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 11765696 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 11765696 d:ShareCapital 2024-12-31 11765696 d:ShareCapital 2023-12-31 11765696 d:SharePremium 2024-12-31 11765696 d:SharePremium 2023-12-31 11765696 d:RetainedEarningsAccumulatedLosses 2024-12-31 11765696 d:RetainedEarningsAccumulatedLosses 2023-12-31 11765696 c:OrdinaryShareClass1 2024-01-01 2024-12-31 11765696 c:OrdinaryShareClass1 2024-12-31 11765696 c:OrdinaryShareClass1 2023-12-31 11765696 c:FRS102 2024-01-01 2024-12-31 11765696 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11765696 c:FullAccounts 2024-01-01 2024-12-31 11765696 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11765696 2 2024-01-01 2024-12-31 11765696 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11765696 DK R&D LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
DK R&D LIMITED REGISTERED NUMBER: 11765696 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | - |  | 736
|  |  | - |  | 736
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 315,317 |  | 303,136 |
Cash at bank and in hand | 6 | 284,650 |  | 1,992 |
|  | 599,967 |  | 305,128 |
Creditors: amounts falling due within one year | 7 | (2,020,805) |  | (2,309,966) |
Net current liabilities |  |  | (1,420,838) |  | (2,004,838)
Total assets less current liabilities |  |  | (1,420,838) |  | (2,004,102)
Creditors: amounts falling due after more than one year | 8 |  | (50,000) |  | (50,000)
Net liabilities |  |  | (1,470,838) |  | (2,054,102)
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 257 |  | 180
Share premium account |  |  | 999,923 |  | -
Profit and loss account |  |  | (2,471,018) |  | (2,054,282)
|  |  | (1,470,838) |  | (2,054,102)
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DK R&D LIMITED REGISTERED NUMBER: 11765696 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2024 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 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 by:
D L Kreeger
Director
Date: 17 March 2026
The notes on pages 3 to 7 form part of these financial statements. Page 2
DK R&D LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
DK R&D Limited is a private company limited by shares, incorporated in England & Wales (Registered number 11765696). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. The financial statements are presented in Sterling, which is the functional currency of the Company. 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 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
In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors have obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
| 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 3
DK R&D LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | 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.
| 2.6 | 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.
| 2.7 | 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 | - | 33% | Straight line
|  |  |  | 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.
| 2.8 | 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. Page 4
DK R&D LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.9 | 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.
| 2.10 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
4. | Tangible fixed assets
|  | Office equipment | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 January 2024 | 130 | 5,163 | 5,293
| At 31 December 2024 | 130 | 5,163 | 5,293
| Depreciation |  |  |
| At 1 January 2024 | 130 | 4,428 | 4,558
| Charge for the year on owned assets | - | 735 | 735
| At 31 December 2024 | 130 | 5,163 | 5,293
| Net book value |  |  |
| At 31 December 2024 | - | - | -
| At 31 December 2023 | - | 736 | 736
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DK R&D LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other debtors | 309,762 | 297,215
| Prepayments and accrued income | 5,555 | 5,921
|  | 315,317 | 303,136
6. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 284,650 | 1,992
|  | 284,650 | 1,992
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 4,002 | 30,376
| Other taxation and social security | 14,958 | 5,194
| Other creditors | 1,998,380 | 2,267,673
| Accruals and deferred income | 3,465 | 6,723
|  | 2,020,805 | 2,309,966
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other loans | 50,000 | 50,000
|  | 50,000 | 50,000
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DK R&D LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts falling due 1-2 years |  |
| Other loans | 50,000 | 50,000
|  | 50,000 | 50,000
|  | 50,000 | 50,000
10. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 2,571,388 (2023 - 1,800,000) Ordinary shares of £0.0001 each | 257 | 180
On 9th February 2024, the company issued 771,388 ordinary shares with a nominal value of £0.0001 per share.
Page 7