Caseware UK (AP4) 2025.0.111 2025.0.111 2025-05-31 2025-05-31 2026-05-06 false false 2024-05-07 2 false The principal activity of the company is business and domestic software development, with a strong focus on providing bespoke software solutions true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15706037 2024-05-06 15706037 2024-05-07 2025-05-31 15706037 2023-05-07 2024-05-06 15706037 2025-05-31 15706037 c:Director1 2024-05-07 2025-05-31 15706037 d:ComputerEquipment 2024-05-07 2025-05-31 15706037 d:ComputerEquipment 2025-05-31 15706037 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-05-07 2025-05-31 15706037 d:CurrentFinancialInstruments 2025-05-31 15706037 d:CurrentFinancialInstruments d:WithinOneYear 2025-05-31 15706037 d:ShareCapital 2025-05-31 15706037 d:RetainedEarningsAccumulatedLosses 2025-05-31 15706037 c:OrdinaryShareClass1 2024-05-07 2025-05-31 15706037 c:OrdinaryShareClass1 2025-05-31 15706037 c:FRS102 2024-05-07 2025-05-31 15706037 c:AuditExempt-NoAccountantsReport 2024-05-07 2025-05-31 15706037 c:FullAccounts 2024-05-07 2025-05-31 15706037 c:PrivateLimitedCompanyLtd 2024-05-07 2025-05-31 15706037 2 2024-05-07 2025-05-31 15706037 e:PoundSterling 2024-05-07 2025-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15706037 CORELAB INNOVATION LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2025
CORELAB INNOVATION LIMITED
CONTENTS
| Page
Balance sheet | 1 - 2
Notes to the financial statements | 3 - 6
CORELAB INNOVATION LIMITED REGISTERED NUMBER:15706037
BALANCE SHEET AS AT 31 MAY 2025
|  | 2025
Note |  | £
Fixed assets |  |  |
Tangible assets | 4 |  | 1,843
|  |  | 1,843
Current assets |  |  |
Debtors: amounts falling due within one year | 5 | 48,626 |
Cash at bank and in hand | 6 | 2,118 |
|  | 50,744 |
Creditors: amounts falling due within one year | 7 | (41,729) |
Net current assets |  |  | 9,015
Total assets less current liabilities |  |  | 10,858
Net assets |  |  | 10,858
Capital and reserves |  |  |
Called up share capital | 8 |  | 100
Profit and loss account |  |  | 10,758
|  |  | 10,858
Page 1
CORELAB INNOVATION LIMITED REGISTERED NUMBER:15706037
BALANCE SHEET (CONTINUED) AS AT 31 MAY 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 period 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 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 by the board and were signed on its behalf by:
S M Visairas Ratto
Director
Date: 6 May 2026
The notes on pages 3 to 6 form part of these financial statements. Page 2
CORELAB INNOVATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2025
1. | General information
Corelab Innovation Limited is a private company, limited by shares, registered in England and Wales, registration number 15706037. The registered office and trading address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. The principal activity of the company is business and domestic software development, with a strong focus on providing bespoke software solutions. 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 company’s functional and presentational currency is pound sterling. The following principal accounting policies have been applied:
| 2.2 | Going concern
The directors have prepared these financial statements on a going concern basis, having regard to the future trading and financing prospects of the company over the next twelve months. At present, the company is reliant on trading income derived from a related party, together with shareholder investment. Should this trading income cease, the company would be required to generate revenue from other customers and/or secure additional funding. While this represents an uncertainty in the going concern assessment, the directors are confident that the company will have sufficient liquid resources to enable it to continue in business for the foreseeable future.
| 2.3 | Turnover
Turnover is derived from the provision of bespoke software development services to both business and domestic clients. It 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. Turnover is derived from the provision of bespoke software development services to both business and domestic clients. It is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 3
CORELAB INNOVATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.5 | 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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 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 balance sheet date in the countries where the Company operates and generates income.
| 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:
|  |  |  | 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.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 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. Page 4
CORELAB INNOVATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2025 2.Accounting policies (continued)
| 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
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors.
3. | Employees
| The average monthly number of employees, including directors, during the period was 2.
4. | Tangible fixed assets
|  | Computer equipment
|  | £
| Cost or valuation |
| Additions | 2,504
| At 31 May 2025 | 2,504
| Depreciation |
| Charge for the period | 661
| At 31 May 2025 | 661
| Net book value |
| At 31 May 2025 | 1,843
5. | Debtors
|  |  |  |  | 2025
|  |  |  |  | £
| Prepayments and accrued income | 48,626
Page 5
CORELAB INNOVATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2025
6. | Cash and cash equivalents
|  |  |  |  | 2025
|  |  |  |  | £
| Cash at bank and in hand | 2,118
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025
|  |  |  |  | £
| Trade creditors | 4,633
| Corporation tax | 3,074
| Other taxation and social security | 17,597
| Other creditors | 257
| Accruals and deferred income | 16,168
|  | 41,729
8. | Share capital
|  |  |  |  | 2025
|  |  |  |  | £
|  | Allotted, called up and fully paid |
|  | 10,000 Ordinary shares of £0.01 each | 100
The company was incorporated on 7 May 2024 with an initial share capital of 1 ordinary share of £1 per share. On 22 April 2025, the existing 1 Ordinary share of £1 per share was subdivided into 100 Ordinary shares of £0.01 each. On the same date, an additional 9,900 Ordinary shares of £0.01 each were allotted at par value. At 31 May 2025 the total issued and fiully paid share company comprises of 10,000 Ordinary shares of £0.01 each.
9. | Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £660. Contributions totalling £257 were payable to the fund at the balance sheet date and are included in creditors.
Page 6