Caseware UK (AP4) 2025.0.111 2025.0.111 2024-12-31 2024-12-31 2026-05-11 2024-01-01 false No description of principal activity 1 1 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10087617 2024-01-01 2024-12-31 10087617 2023-01-01 2023-12-31 10087617 2024-12-31 10087617 2023-12-31 10087617 2023-01-01 10087617 c:Director1 2024-01-01 2024-12-31 10087617 c:RegisteredOffice 2024-01-01 2024-12-31 10087617 d:CurrentFinancialInstruments 2024-12-31 10087617 d:CurrentFinancialInstruments 2023-12-31 10087617 d:Non-currentFinancialInstruments 2024-12-31 10087617 d:Non-currentFinancialInstruments 2023-12-31 10087617 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10087617 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10087617 d:ShareCapital 2024-12-31 10087617 d:ShareCapital 2023-12-31 10087617 d:ShareCapital 2023-01-01 10087617 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 10087617 d:RetainedEarningsAccumulatedLosses 2024-12-31 10087617 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 10087617 d:RetainedEarningsAccumulatedLosses 2023-12-31 10087617 d:RetainedEarningsAccumulatedLosses 2023-01-01 10087617 c:OrdinaryShareClass1 2024-01-01 2024-12-31 10087617 c:OrdinaryShareClass1 2024-12-31 10087617 c:OrdinaryShareClass1 2023-12-31 10087617 c:FRS102 2024-01-01 2024-12-31 10087617 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10087617 c:FullAccounts 2024-01-01 2024-12-31 10087617 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10087617 6 2024-01-01 2024-12-31 10087617 e:USDollar 2024-01-01 2024-12-31 xbrli:shares iso4217:USD xbrli:pure

Registered number: 10087617 NEXT STEP HOLDING LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NEXT STEP HOLDING LIMITED CONTENTS
| Page
Company information | 1
Balance sheet | 2 - 3
Statement of changes in equity | 4
Notes to the financial statements | 5 - 10
NEXT STEP HOLDING LIMITED COMPANY INFORMATION
Director | J Lagreze
Registered number | 10087617
Registered office | 1st Floor
| 8 Bridle Close
| Kingston Upon Thames
| KT1 2JW
Accountants | Blick Rothenberg Limited
| Chartered Accountants
| 16 Great Queen Street
| Covent Garden
| London
| WC2B 5AH
Page 1
|  | REGISTERED NUMBER:10087617
NEXT STEP HOLDING LIMITED BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | $ |  | $
Fixed assets |  |  |  |  |
Investments | 4 |  | 9,151,394 |  | 8,442,662
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 5 | 622,508 |  | - |
Debtors: amounts falling due with one year | 5 | 8,406,159 |  | 3,584,973 |
Cash at bank and in hand |  | 1,297,029 |  | 3,848,911 |
|  | 10,325,696 |  | 7,433,884 |
Creditors: amounts falling due within one year | 6 | (39,166) |  | (35,643) |
Net current assets |  |  | 10,286,530 |  | 7,398,241
Net assets |  |  | 19,437,924 |  | 15,840,903
Capital and reserves |  |  |  |  |
Called up share capital | 7 |  | 1 |  | 1
Profit and loss account |  |  | 19,437,923 |  | 15,840,902
Total equity |  |  | 19,437,924 |  | 15,840,903
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 by the sole director.
J Lagreze
Director
Date: 11 May 2026
The notes on pages 5 to 10 form part of these financial statements. Page 2
|  | REGISTERED NUMBER:10087617
NEXT STEP HOLDING LIMITED BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 Page 3
NEXT STEP HOLDING LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2024
| Called up share capital | Profit and loss account | Total equity
| $ | $ | $
At 1 January 2023 | 1 | 10,955,875 | 10,955,876
Profit for the year | - | 4,885,027 | 4,885,027
At 1 January 2024 | 1 | 15,840,902 | 15,840,903
Profit for the year | - | 6,535,317 | 6,535,317
Contributions by and distributions to owners |  |  |
Dividends: Equity capital | - | (2,938,296) | (2,938,296)
At 31 December 2024 | 1 | 19,437,923 | 19,437,924
| The notes on pages 5 to 10 form part of these financial statements.
Page 4
NEXT STEP HOLDING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Next Step Holding Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is 1st Floor 8 Bridle Close, KT12 JW, Kingston Upon Thames. The financial statements are presented in Dollars ($), 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 following principal accounting policies have been applied:
| 2.2 | Going concern
After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
| 2.3 | 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 Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.4 | 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
NEXT STEP HOLDING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
|  | Financial instruments (continued)
Financial assets Basic financial assets, including other debtors, 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 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
NEXT STEP HOLDING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 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.
| 2.5 | 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.
| 2.6 | Share capital
Ordinary shares are classified as equity.
| 2.7 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.8 | 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. Page 7
NEXT STEP HOLDING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.9 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is USD. 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. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within administrative expenses.
| 2.10 | 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. Page 8
NEXT STEP HOLDING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.11 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
4. | Fixed asset investments
|  | Unlisted investments
|  | $
| Cost |
| At 1 January 2024 | 8,442,662
| Additions | 708,732
| At 31 December 2024 | 9,151,394
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | $ | $
| Due after more than one year |  |
| Other debtors | 622,508 | -
|  |  |  |  | 2024 | 2023
|  |  |  |  | $ | $
| Due within one year |  |
| Amounts owed by group undertakings | 8,170,304 | 2,900,977
| Other debtors | 235,855 | 683,996
|  | 8,406,159 | 3,584,973
| Amounts owed by group undertakings is unsecured, interest free and repayable on demand.
Page 9
NEXT STEP HOLDING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. | Creditors: amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | $ | $
| Other creditors | 15,316 | 15,316
| Accruals | 23,850 | 20,327
|  | 39,166 | 35,643
7. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | $ | $
|  | Allotted, called up and fully paid |  |
|  | 1 (2023 - 1) Ordinary share of $1.00 | 1 | 1
8. | Related party transactions
| The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly-owned part of the group.
9. | Capital commitment
As at 31 December 2024, the company has a capital commitment of $2,891,509 (2023:$3,174,761) in connection with its investment activities.
Page 10