Caseware UK (AP4) 2025.0.111 2025.0.111 2025-03-31 2025-03-31 true 2024-04-01 false Security dealing on own account 0 0 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10064298 2024-04-01 2025-03-31 10064298 2023-04-01 2024-03-31 10064298 2025-03-31 10064298 2024-03-31 10064298 c:Director1 2024-04-01 2025-03-31 10064298 c:RegisteredOffice 2024-04-01 2025-03-31 10064298 d:CurrentFinancialInstruments 2025-03-31 10064298 d:CurrentFinancialInstruments 2024-03-31 10064298 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 10064298 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10064298 d:ShareCapital 2025-03-31 10064298 d:ShareCapital 2024-03-31 10064298 d:RetainedEarningsAccumulatedLosses 2025-03-31 10064298 d:RetainedEarningsAccumulatedLosses 2024-03-31 10064298 c:OrdinaryShareClass1 2024-04-01 2025-03-31 10064298 c:OrdinaryShareClass1 2025-03-31 10064298 c:OrdinaryShareClass1 2024-03-31 10064298 c:OrdinaryShareClass2 2024-04-01 2025-03-31 10064298 c:OrdinaryShareClass2 2025-03-31 10064298 c:OrdinaryShareClass2 2024-03-31 10064298 c:FRS102 2024-04-01 2025-03-31 10064298 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10064298 c:FullAccounts 2024-04-01 2025-03-31 10064298 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10064298 2 2024-04-01 2025-03-31 10064298 6 2024-04-01 2025-03-31 10064298 2 2025-03-31 10064298 2 2024-03-31 10064298 f:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10064298 SURVENTURE LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
SURVENTURE LIMITED CONTENTS
| Page
Company information | 1
Balance sheet | 2 - 3
Notes to the financial statements | 4 - 10
SURVENTURE LIMITED COMPANY INFORMATION
Director | N P Asheshov
Registered number | 10064298
Registered office | 16 Great Queen Street
| Covent Garden
| London
| WC2B 5AH
Accountants | Blick Rothenberg Limited
| Chartered Accountants
| 16 Great Queen Street
| Covent Garden
| London
| WC2B 5AH
Page 1
|  | REGISTERED NUMBER:10064298
SURVENTURE LIMITED BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 1,812,101 |  | 1,812,001
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 2,979,744 |  | 2,796,043 |
Current asset investments | 6 | 1,788,226 |  | 1,004,066 |
Cash at bank and in hand |  | 209,054 |  | 1,543,321 |
|  | 4,977,024 |  | 5,343,430 |
Creditors: amounts falling due within one year | 7 | (7,256,905) |  | (7,318,619) |
Net current liabilities |  |  | (2,279,881) |  | (1,975,189)
Net liabilities |  |  | (467,780) |  | (163,188)
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 100 |  | 100
Profit and loss account |  |  | (467,880) |  | (163,288)
Net deficit |  |  | (467,780) |  | (163,188)
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 and signed by the director:
N P Asheshov
Director
Date: 1 April 2026
The notes on pages 4 to 10 form part of these financial statements. Page 2
|  | REGISTERED NUMBER:10064298
SURVENTURE LIMITED BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 Page 3
SURVENTURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Surventure Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH. The financial statements are prepared in sterling(£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis notwithstanding the fact that the company has a deficiency on total equity at the end of the year. The director considers this basis to be appropriate as the company has received a letter of financial support from its shareholders confirming that financial support will continue for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. The director has also received confirmation from from its shareholders that repayment of any funds made, or will make, to the company will not be demanded until such time as the company has sufficient funds.
| 2.3 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is £. 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 profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 4
SURVENTURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Change in presentation currency
The company has changed its presentation currency from US dollars ($) to pounds sterling (£) to align the financial statements with its £ functional currency. Comparative figures are shown in £ using the original underlying £ amounts held in the company’s records. In prior years, differences between £ functional currency amounts and the $ presentation currency were recognised in other comprehensive income and accumulated in a foreign exchange reserve. As the financial statements are now presented in £, this reserve has been reversed through equity in the current year in line with the requirements of FRS 102 Section 30.
| 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.
| 2.7 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.8 | Fixed asset investments
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.9 | Financial instruments
The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments. Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 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 deducting all of its liabilities. The company’s policies for its major classes of financial assets and financial liabilities are set out below. Page 5
SURVENTURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
|  | Financial instruments (continued)
Financial assets Basic financial assets, including other debtors and cash and bank balances, are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Financial liabilities Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Impairment of financial assets Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. Page 6
SURVENTURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
|  | Financial instruments (continued)
Derecognition of financial assets and financial liabilities Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Offsetting of financial assets and financial liabilities Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
| 2.10 | Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.
| 2.11 | Cash at bank and in hand
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.12 | Share capital
Ordinary shares are classified as equity. Page 7
SURVENTURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.13 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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. Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years. The current income 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. Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 0 (2024 -0).
Page 8
SURVENTURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Fixed asset investments
|  | Investments in subsidiary companies | Unlisted investments | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 April 2024 | - | 1,912,001 | 1,912,001
| Additions | 100 | - | 100
| At 31 March 2025 | 100 | 1,912,001 | 1,912,101
| Impairment |  |  |
| At 1 April 2024 | - | 100,000 | 100,000
| At 31 March 2025 | - | 100,000 | 100,000
| Net book value |  |  |
| At 31 March 2025 | 100 | 1,812,001 | 1,812,101
| At 31 March 2024 | - | 1,812,001 | 1,812,001
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 2,470 | -
| Other debtors | 2,977,274 | 2,796,043
|  | 2,979,744 | 2,796,043
6. | Current asset investments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Investments | 1,788,226 | 1,004,066
Page 9
SURVENTURE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 17,593 | 6,073
| Corporation tax | 17,893 | 72,325
| Other creditors | 7,206,419 | 7,193,982
| Accruals | 15,000 | 46,239
|  | 7,256,905 | 7,318,619
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 88 (2024 -88) Ordinary A shares of £1.00 each | 88 | 88
|  | 12 (2024 -12) Ordinary B shares of £1.00 each | 12 | 12
|  |  | 100 | 100
9. | Related party transactions
| Other creditors includes £7,203,656 (2024: £7,178,943) owed to the director. This is unsecured and interest-free. There are no formal terms and conditions regarding repayment of the loan.
Page 10