Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-28 2025-02-28 2 No description of principal activity false 2024-03-01 2 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11840479 2024-03-01 2025-02-28 11840479 2023-03-01 2024-02-29 11840479 2025-02-28 11840479 2024-02-29 11840479 c:Director1 2024-03-01 2025-02-28 11840479 d:CurrentFinancialInstruments 2025-02-28 11840479 d:CurrentFinancialInstruments 2024-02-29 11840479 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 11840479 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11840479 d:ShareCapital 2025-02-28 11840479 d:ShareCapital 2024-02-29 11840479 d:RetainedEarningsAccumulatedLosses 2025-02-28 11840479 d:RetainedEarningsAccumulatedLosses 2024-02-29 11840479 c:FRS102 2024-03-01 2025-02-28 11840479 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 11840479 c:FullAccounts 2024-03-01 2025-02-28 11840479 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11840479 6 2024-03-01 2025-02-28 11840479 e:USDollar 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure

Registered number: 11840479 INTELLECTUAL PIXELS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 28 FEBRUARY 2025
INTELLECTUAL PIXELS LIMITED REGISTERED NUMBER: 11840479 BALANCE SHEET AS AT 28 FEBRUARY 2025
|  | 28 February |  | 29 February
|  | 2025 |  | 2024
Note |  | $ |  | $
Fixed assets |  |  |  |  |
Investments | 4 |  | 368,000 |  | 368,000
|  |  | 368,000 |  | 368,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 486,304 |  | 375,566 |
Cash at bank and in hand | 6 | 9,742 |  | 9,870 |
|  | 496,046 |  | 385,436 |
Creditors: amounts falling due within one year | 7 | (779,442) |  | (685,340) |
Net current liabilities |  |  | (283,396) |  | (299,904)
Total assets less current liabilities |  |  | 84,604 |  | 68,096
Net assets |  |  | 84,604 |  | 68,096
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INTELLECTUAL PIXELS LIMITED REGISTERED NUMBER: 11840479 BALANCE SHEET (CONTINUED) AS AT 28 FEBRUARY 2025
|  | 28 February |  | 29 February
|  | 2025 |  | 2024
Note |  | $ |  | $
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 130,663 |  | 130,663
Profit and loss account |  |  | (46,059) |  | (62,567)
|  |  | 84,604 |  | 68,096
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 by:
O Kent
Director
Date: 16 April 2026
The notes on pages 3 to 6 form part of these financial statements. Page 2
INTELLECTUAL PIXELS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
1. | General information
Intellectual Pixels Limited ("the Company") is a company incorporated in the United Kingdom under the Companies Act. The Company is a private company limited by shares and is registered in England and Wales. The Company's registered office is 4 Windlebrook Park, Longcross Road, Chertsey, Surrey KT16 0DN. The principal activity of the company in the year under review was that of monetarising patents. 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 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 USD and financial statements are rounded to the nearest $. 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 Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
INTELLECTUAL PIXELS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 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.
| 2.4 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.5 | 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.
| 2.6 | 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.
| 2.7 | 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.
| 2.8 | 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. 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 Page 4
INTELLECTUAL PIXELS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.8 | Financial instruments (continued)
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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
4. | Fixed asset investments
|  | Investments in subsidiary companies
|  | $
| Cost or valuation |
| At 1 March 2024 | 368,000
| At 28 February 2025 | 368,000
5. | Debtors
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | $ | $
| Other debtors | 198,009 | 200,075
| Called up share capital not paid | 130,663 | 130,663
| Prepayments and accrued income | 157,632 | 44,828
|  | 486,304 | 375,566
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INTELLECTUAL PIXELS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
6. | Cash and cash equivalents
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | $ | $
| Cash at bank and in hand | 9,742 | 9,870
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | $ | $
| Trade creditors | 135,850 | 14,541
| Amounts owed to group undertakings | 1,756 | 1,756
| Other creditors | 483,162 | 492,736
| Accruals and deferred income | 158,674 | 176,307
|  | 779,442 | 685,340
8. | Controlling party
The ultimate controlling party is O Kent.
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