Caseware UK (AP4) 2024.0.164 2024.0.164 2025-12-31 2025-12-31 2026-05-26 false 2 2025-01-01 false Management consultancy activities other than financial management 2 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13938903 2025-01-01 2025-12-31 13938903 2024-01-01 2024-12-31 13938903 2025-12-31 13938903 2024-12-31 13938903 2024-01-01 13938903 c:Director1 2025-01-01 2025-12-31 13938903 d:ComputerEquipment 2025-01-01 2025-12-31 13938903 d:ComputerEquipment 2025-12-31 13938903 d:ComputerEquipment 2024-12-31 13938903 d:ComputerEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 13938903 d:CurrentFinancialInstruments 2025-12-31 13938903 d:CurrentFinancialInstruments 2024-12-31 13938903 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 13938903 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13938903 d:ShareCapital 2025-12-31 13938903 d:ShareCapital 2024-12-31 13938903 d:ShareCapital 2024-01-01 13938903 d:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 13938903 d:RetainedEarningsAccumulatedLosses 2025-12-31 13938903 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 13938903 d:RetainedEarningsAccumulatedLosses 2024-12-31 13938903 d:RetainedEarningsAccumulatedLosses 2024-01-01 13938903 d:TaxLossesCarry-forwardsDeferredTax 2025-12-31 13938903 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 13938903 c:FRS102 2025-01-01 2025-12-31 13938903 c:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 13938903 c:FullAccounts 2025-01-01 2025-12-31 13938903 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13938903 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Registered number: 13938903 TORO CAPITAL ADVISORS LTD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
TORO CAPITAL ADVISORS LTD REGISTERED NUMBER: 13938903 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | - |  | 588
|  |  | - |  | 588
Current assets |  |  |  |  |
Debtors | 5 | 6,547 |  | 18,053 |
Cash at bank and in hand |  | 3,315 |  | 9,681 |
|  | 9,862 |  | 27,734 |
Creditors: amounts falling due within one year | 6 | (9,679) |  | (15,396) |
Net current assets |  |  | 183 |  | 12,338
Net assets |  |  | 183 |  | 12,926
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 182 |  | 12,925
|  |  | 183 |  | 12,926
Page 1
TORO CAPITAL ADVISORS LTD REGISTERED NUMBER: 13938903 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2025 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 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:
J Daneu
Director
Date: 26 May 2026
The notes on pages 4 to 10 form part of these financial statements. Page 2
TORO CAPITAL ADVISORS LTD STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 January 2024 | 1 | 26,340 | 26,341
Comprehensive income for the year |  |  |
Loss for the year | - | (13,415) | (13,415)
At 1 January 2025 | 1 | 12,925 | 12,926
Comprehensive income for the year |  |  |
Profit for the year | - | 6,757 | 6,757
Dividends | - | (19,500) | (19,500)
At 31 December 2025 | 1 | 182 | 183
| The notes on pages 4 to 10 form part of these financial statements.
Page 3
TORO CAPITAL ADVISORS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Toro Capital Advisors Ltd, company number: 13938903 is a private company limited by shares. Its registered office address is 8-10 Hill Street, London, England, W1J 5NG. The company's principal activity is that of management consultancy activities. 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
The financial statements have been prepared on the going concern basis. The director has reviewed the company's cashflows over the next twelve months from the date of signing the financial statements and considers that, based on the support that is likely to be available, the company will be able to meet its debts as and when they fall due.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. 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 year 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.
| 2.4 | 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. Page 4
TORO CAPITAL ADVISORS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.5 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date.
| 2.6 | 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.
| 2.7 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Page 5
TORO CAPITAL ADVISORS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.8 | Creditors
Short-term creditors are measured at the transaction price.
| 2.9 | 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. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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. 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 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. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic financial liabilities 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 the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the Page 6
TORO CAPITAL ADVISORS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.9 | Financial instruments (continued)
present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
| 2.10 | 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 2 (2024 - 2). Page 7
TORO CAPITAL ADVISORS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Tangible fixed assets
|  | Computer equipment
|  | £
| Cost |
| At 1 January 2025 | 2,354
| At 31 December 2025 | 2,354
| Depreciation |
| At 1 January 2025 | 1,766
| Charge for the year | 588
| At 31 December 2025 | 2,354
| Net book value |
| At 31 December 2025 | -
| At 31 December 2024 | 588
Page 8
TORO CAPITAL ADVISORS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 3,256 | 10,712
| Prepayments | 3,291 | 3,450
| Deferred taxation | - | 3,891
|  | 6,547 | 18,053
6. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 4,107 | 6,760
| Corporation tax | 1,972 | -
| Other taxation and social security | - | 4,363
| Other creditors | - | 673
| Accruals and deferred income | 3,600 | 3,600
|  | 9,679 | 15,396
Page 9
TORO CAPITAL ADVISORS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Deferred Taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | 3,891 | -
| Charged to profit or loss | (3,891) | 3,891
| At end of year | - | 3,891
| The deferred tax asset is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Tax losses carried forward | - | 3,891
8. | Related party transactions
| Included within other debtors is a loan from the director, amounting to £1,227 (2024: £nil). Included within other creditors is a loan from the director, amounting to £nil (2024: £673).
9. | Controlling party
The controlling party is J Daneu.
Page 10