Caseware UK (AP4) 2025.0.111 2025.0.111 2025-10-31 2025-10-31 1 Activities of venture and development capital companies The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true 2024-10-04 false false false SC824915 2024-10-03 SC824915 2024-10-04 2025-10-31 SC824915 2023-10-04 2024-10-03 SC824915 2025-10-31 SC824915 1 2024-10-04 2025-10-31 SC824915 d:Director1 2024-10-04 2025-10-31 SC824915 c:CurrentFinancialInstruments 2025-10-31 SC824915 c:Non-currentFinancialInstruments 2025-10-31 SC824915 c:CurrentFinancialInstruments c:WithinOneYear 2025-10-31 SC824915 c:ShareCapital 2025-10-31 SC824915 c:RetainedEarningsAccumulatedLosses 2025-10-31 SC824915 d:OrdinaryShareClass1 2024-10-04 2025-10-31 SC824915 d:OrdinaryShareClass1 2025-10-31 SC824915 d:FRS102 2024-10-04 2025-10-31 SC824915 d:AuditExemptWithAccountantsReport 2024-10-04 2025-10-31 SC824915 d:FullAccounts 2024-10-04 2025-10-31 SC824915 d:PrivateLimitedCompanyLtd 2024-10-04 2025-10-31 SC824915 e:PoundSterling 2024-10-04 2025-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC824915 1Q LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 31 OCTOBER 2025
1Q LTD CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 1Q LTD FOR THE PERIOD ENDED 31 OCTOBER 2025 You consider that the Company is exempt from an audit for the period ended 31 October 2025. You have acknowledged, on the Balance Sheet, your responsibilities for ensuring that the Company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the Company and of its profit or loss for the financial period. In accordance with your instructions, we have prepared the financial statements on pages 6 from the accounting records of the Company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements. Andersen LLP 20 Gracechurch Street 11th Floor London EC3V 0BG 2 July 2026 Page 1
1Q LTD REGISTERED NUMBER: SC824915 BALANCE SHEET AS AT 31 OCTOBER 2025
|  | 2025
Note |  | £
Current assets |  |  |
Debtors: amounts falling due after more than one year | 4 | 165,198 |
Debtors: amounts falling due within one year |  | 1 |
Cash at bank and in hand | 5 | 9,802 |
|  | 175,001 |
Creditors: amounts falling due within one year | 6 | (177,400) |
Net current (liabilities)/assets |  |  | (2,399)
Total assets less current liabilities |  |  | (2,399)
Net (liabilities)/assets |  |  | (2,399)
Capital and reserves |  |  |
Called up share capital |  |  | 1
Profit and loss account |  |  | (2,400)
|  |  | (2,399)
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 period 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 board and were signed on its behalf by:
................................................ Vladimir Komendantskiy
Director
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1Q LTD REGISTERED NUMBER: SC824915 BALANCE SHEET (CONTINUED) AS AT 31 OCTOBER 2025
Date: 2 July 2026
The notes on pages 4 to 6 form part of these financial statements. Page 3
1Q LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 OCTOBER 2025
1. | General information
The company is a private company limited by shares and registered in Scotland. The company's registered number and office address can be found on the Company Information page. 2.Accounting policies
| 2.1 | Going Concern
The financial statements have been prepared on the going concern basis. In assessing the appropriateness of this basis of preparation, the director has considered the company's financial position and its ability to continue in operational existence for a period of at least twelve months from the date of approval of these financial statements in accordance with the requirements of FRS 102. At 31 October 2025, the company had net liabilities of £2,399 and was funded principally by a loan of £175,000 from Rustiq Tech Ltd. Subsequent to the year end, this loan was converted into equity, significantly strengthening the company's balance sheet and reducing its financial obligations. The director has considered the company's expected trading performance, forecast cash flows and available financial resources for the assessment period. Having taken into account the post year-end conversion of the loan to equity and the expected level of available funding, the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director considers it appropriate to prepare the financial statements on the going concern basis and have concluded that no material uncertainties exist that would cast significant doubt on the company's ability to continue as a going concern.
| 2.2 | 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:
| 2.3 | 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.
| 2.4 | 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. Page 4
1Q LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 OCTOBER 2025 2.Accounting policies (continued)
| 2.5 | 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.
| 2.6 | Prepayments and accrued income
Prepayments include amounts advanced in respect of overseas property development projects. Under the terms of the relevant purchase agreements, legal title to the properties will not transfer to the company until construction has been completed. Accordingly, at 31 October 2025 the amounts paid have been recognised as prepayments, as the company had not obtained ownership of the underlying properties at the reporting date.
3. | Employees
| The average monthly number of employees, including directors, during the period was 1.
4. | Debtors
|  |  |  |  | 2025
|  |  |  |  | £
| Due after more than one year |
| Prepayments and accrued income | 165,198
|  | 165,198
|  |  |  |  | 2025
|  |  |  |  | £
| Due within one year |
| Other debtors | 1
|  | 1
5. | Cash and cash equivalents
|  |  |  |  | 2025
|  |  |  |  | £
| Cash at bank and in hand | 9,802
|  | 9,802
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1Q LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 OCTOBER 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025
|  |  |  |  | £
| Other loans | 175,000
| Accruals and deferred income | 2,400
|  | 177,400
7. | Share capital
|  |  |  |  | 2025
|  |  |  |  | £
|  | Authorised, allotted, called up and fully paid |
|  | 1 Ordinary A share of £1.00 | 1
8. | Post balance sheet events
During the period, the company received a loan of £175,000 from Rustiq Tech Ltd. Subsequent to the year end, Rustiq Tech Ltd was allotted 175,000 ordinary shares of £1 each in the company in satisfaction of the outstanding loan balance of £175,000. Following this allotment, Rustiq Tech Ltd became the holder of 99% of the company's issued share capital. At 31 October 2025, the outstanding balance due to Rustiq Tech Ltd was £175,000 (2024: £Nil). The loan was unsecured and was repayable in accordance with the terms agreed between the parties
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