Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 true 3 2025-01-01 false No description of principal activity 3 false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13707804 2025-01-01 2025-12-31 13707804 2024-01-01 2024-12-31 13707804 2025-12-31 13707804 2024-12-31 13707804 c:Director1 2025-01-01 2025-12-31 13707804 d:OfficeEquipment 2025-01-01 2025-12-31 13707804 d:OfficeEquipment 2025-12-31 13707804 d:OfficeEquipment 2024-12-31 13707804 d:OfficeEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 13707804 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 13707804 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 13707804 d:CurrentFinancialInstruments 2025-12-31 13707804 d:CurrentFinancialInstruments 2024-12-31 13707804 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 13707804 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13707804 d:ShareCapital 2025-12-31 13707804 d:ShareCapital 2024-12-31 13707804 d:RetainedEarningsAccumulatedLosses 2025-12-31 13707804 d:RetainedEarningsAccumulatedLosses 2024-12-31 13707804 c:FRS102 2025-01-01 2025-12-31 13707804 c:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 13707804 c:FullAccounts 2025-01-01 2025-12-31 13707804 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13707804 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2025-01-01 2025-12-31 13707804 2 2025-01-01 2025-12-31 13707804 6 2025-01-01 2025-12-31 13707804 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Registered number: 13707804 OXPROX LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
OXPROX LIMITED CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OXPROX LIMITED FOR THE YEAR ENDED 31 DECEMBER 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 OXPROX LIMITED for the year ended 31 December 2025 which comprise the Balance Sheet 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 OXPROX LIMITED, as a body, in accordance with the terms of our engagement letter dated 10 December 2021. Our work has been undertaken solely to prepare for your approval the financial statements of OXPROX LIMITED and state those matters that we have agreed to state to the Board of Directors of OXPROX 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 OXPROX LIMITED and its Board of Directors, as a body, for our work or for this report. It is your duty to ensure that OXPROX 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 OXPROX LIMITED. You consider that OXPROX 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 OXPROX 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. The Woodstock Accountancy Practice Limited Chartered Accountants 3a Market Place Woodstock OX20 1SY 22 April 2026 Page 1
OXPROX LIMITED REGISTERED NUMBER: 13707804 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 5 |  | 378,589 |  | 297,549
Tangible assets | 6 |  | 474 |  | 948
Investments | 7 |  | 16 |  | 16
|  |  | 379,079 |  | 298,513
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 8 | 3,390 |  | 4,138 |
Cash at bank and in hand | 9 | 11,061 |  | 30,225 |
|  | 14,451 |  | 34,363 |
Creditors: amounts falling due within one year | 10 | (727,145) |  | (510,378) |
Net current liabilities |  |  | (712,694) |  | (476,015)
Total assets less current liabilities |  |  | (333,615) |  | (177,502)
Net liabilities |  |  | (333,615) |  | (177,502)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (333,715) |  | (177,602)
|  |  | (333,615) |  | (177,502)
Page 2
OXPROX LIMITED REGISTERED NUMBER: 13707804 BALANCE SHEET (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 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 22 April 2026.
I Robertson
Director
The notes on pages 4 to 10 form part of these financial statements. Page 3
OXPROX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
OxProx Limited is a private company, limited by shares, incorporated in England and Wales, registered number 13707804. The registered office is 3a Market Place, Woodstock, Oxfordshire, OX20 1SY. The principal activity of the company is that of information technology services. 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 following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional currency is CAD. This differs from the presentational currency which is GBP. The reason for the difference is that the Company is incorporated in the UK and files its statutory accounts in the UK, however, its day to day opeartions are based in Canada. 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
OXPROX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 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: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. 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 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.6 | 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. Page 5
OXPROX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 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
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 | Valuation of 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 Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.9 | 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 6
OXPROX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.10 | Research and development
Expenditure on research activities is recognised as an expense in profit or loss in the period in which it is incurred. Development expenditure is capitalised as an intangible asset when the company can demonstrate all of the following conditions: - the technical feasibility of completing the intangible asset so that it will be available for use or sale; - its intention to complete the asset and use or sell it; - its ability to use or sell the asset; - how the asset will generate probable future economic benefits; - the availability of adequate technical, financial and other resources to complete the development and to use or sell the asset; and - the ability to measure reliably the expenditure attributable to the asset during its development. Development costs that do not meet these criteria are recognised as an expense as incurred. Capitalised development costs are subsequently measured at cost less accumulated amortisation and impairment losses. Amortisation is charged on a straight-line basis over the estimated useful economic life of the asset, which is estimated to be between 3 and 6 years, commencing when the asset is available for use. The assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable.
| 2.11 | 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.
| 2.12 | 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. | Judgments in applying accounting policies
The capitalisation of development costs requires judgement in determining whether the recognition criteria under FRS 102 have been met. The directors have assessed the technical feasibility, expected future economic benefits and the ability to measure costs reliably in concluding that the criteria for capitalisation are satisfied.
4. | Employees
| The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
Page 7
OXPROX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Intangible assets
|  | Developm'nt expenditure
|  | £
| Cost |
| At 1 January 2025 | 297,549
| Additions | 81,040
| At 31 December 2025 | 378,589
| Net book value |
| At 31 December 2025 | 378,589
| At 31 December 2024 | 297,549
6. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| At 1 January 2025 | 1,422
| At 31 December 2025 | 1,422
| Depreciation |
| At 1 January 2025 | 474
| Charge for the year on owned assets | 474
| At 31 December 2025 | 948
| Net book value |
| At 31 December 2025 | 474
| At 31 December 2024 | 948
Page 8
OXPROX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost or valuation |
| At 1 January 2025 | 16
| At 31 December 2025 | 16
8. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 843 | 1,134
| Called up share capital not paid | 10 | 10
| Prepayments and accrued income | 2,537 | 2,994
|  | 3,390 | 4,138
9. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 11,061 | 30,225
| Less: bank overdrafts | (1,684) | (2,345)
|  | 9,377 | 27,880
10. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 1,684 | 2,345
| Trade creditors | 9,615 | 13,475
| Other creditors | 712,854 | 491,671
| Accruals and deferred income | 2,992 | 2,887
|  | 727,145 | 510,378
Page 9
OXPROX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
11. | Change in accounting policy and prior period adjustment
During the year, the company reviewed its accounting treatment of internally generated development expenditure in respect of its database platform. Previously, such expenditure was recognised as an expense in profit or loss as incurred. Following a reassessment, the directors consider that certain development costs meet the recognition criteria for intangible assets under FRS 102, as the projects have demonstrated technical feasibility, the intention and ability to complete and use the assets, and the probability of generating future economic benefits. Accordingly, the company has changed its accounting policy to capitalise qualifying development expenditure as intangible assets. This change has been applied retrospectively in accordance with FRS 102 Section 10, and prior year comparatives have been restated. Impact of the change The effect of the change in accounting policy on the financial statements is as follows: Adjustment to opening reserves (1 January 2024) - Increase in intangible assets: £224,095 - Increase in retained earnings: £224,095 Adjustment for the year ended 31 December 2024 - Increase in intangible assets: £73,454 - Increase in retained earnings: £73,454 Total adjustment recognised - Increase in intangible assets at 31 December 2024: £297,549 - Increase in retained earnings at 31 December 2024: £297,549
12. | Related party transactions
| A director of the company, Ian Robertson, has advanced funds to and paid expenses on behealf of the company, interest free and unsecured. Details of the balance are set below and disclosed within the Creditors: Amounts failing due within one year.
|  | 2025 | 2024
|  | £ | £
| Ian Robertson | 712,853 | 491,670
|  | 712,853 | 491,670
Page 10