Caseware UK (AP4) 2025.0.111 2025.0.111 1 2024-10-18 false 0 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 16028431 2024-10-17 16028431 2024-10-18 2025-12-31 16028431 2023-10-18 2024-10-17 16028431 2025-12-31 16028431 c:Director1 2024-10-18 2025-12-31 16028431 d:Buildings d:ShortLeaseholdAssets 2024-10-18 2025-12-31 16028431 d:Buildings d:ShortLeaseholdAssets 2025-12-31 16028431 d:FurnitureFittings 2024-10-18 2025-12-31 16028431 d:FurnitureFittings 2025-12-31 16028431 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-10-18 2025-12-31 16028431 d:OfficeEquipment 2024-10-18 2025-12-31 16028431 d:OfficeEquipment 2025-12-31 16028431 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-10-18 2025-12-31 16028431 d:ComputerEquipment 2024-10-18 2025-12-31 16028431 d:ComputerEquipment 2025-12-31 16028431 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-10-18 2025-12-31 16028431 d:OwnedOrFreeholdAssets 2024-10-18 2025-12-31 16028431 d:CurrentFinancialInstruments 2025-12-31 16028431 d:Non-currentFinancialInstruments 2025-12-31 16028431 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 16028431 d:ShareCapital 2025-12-31 16028431 d:RetainedEarningsAccumulatedLosses 2025-12-31 16028431 c:FRS102 2024-10-18 2025-12-31 16028431 c:AuditExempt-NoAccountantsReport 2024-10-18 2025-12-31 16028431 c:FullAccounts 2024-10-18 2025-12-31 16028431 c:PrivateLimitedCompanyLtd 2024-10-18 2025-12-31 16028431 e:PoundSterling 2024-10-18 2025-12-31 16028431 d:EntityControlledByKeyManagementPersonnel1 2024-10-18 2025-12-31 16028431 d:EntityControlledByKeyManagementPersonnel1 2025-12-31 iso4217:GBP xbrli:pure

| 2055 Ltd
| Director's report and unaudited financial statements
| for the period from 18 October 2024 to 31 December 2025
| Registered number: 16028431
2055 Ltd - Registered number:16028431
Statement of financial position as at 31 December 2025
|  | 2025
Note |  | £
Fixed assets |  |  |
Tangible assets | 5 |  | 210,129
Current assets |  |  |
Debtors: amounts falling due after more than one year | 6 | 111,271 |
Debtors: amounts falling due within one year | 6 | 107,350 |
Cash at bank and in hand | 7 | 30,480 |
|  | 249,101 |
Creditors: amounts falling due within one year | 8 | (1,032,347) |
Net current liabilities |  |  | (783,246)
Net liabilities |  |  | (573,117)
Capital and reserves |  |  |
Called up share capital |  |  | 100
Profit and loss account |  |  | (573,217)
|  |  | (573,117)
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 her 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:
O Kovalenko
Director
Date: 15 July 2026
The notes on pages 2 to 6 form part of these financial statements. Page 1
2055 Ltd
Notes to the financial statements for the period from 18 October 2024 to 31 December 2025
1. | General information
2055 Limited is a limited company limited by shares and incorporated in the United Kingdom. The address of the registered office and principal place of business is 29-30 Cornhill, London, United Kingdom, EC3V 3ND. 2.Significant 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The financial statements are presented in Pound Sterling (£), which is also the functional currency. The following principal accounting policies have been applied:
| 2.2 | Going concern
After reviewing the forecasts and projections the directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
| 2.3 | Administrative expenses
All expenses have been accounted for on an accruals basis.
| 2.4 | Taxation
The current tax payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the Statement of comprehensive income because it excluded items that are never taxable or deductible. The company's current tax liability is calculated using rates that have been enacted or substantively enacted by the balance sheet date.
| 2.5 | Deferred tax
Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rate and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted. Page 2
2055 Ltd
Notes to the financial statements for the period from 18 October 2024 to 31 December 2025 2.Significant accounting policies (continued)
| 2.6 | Foreign currency translation
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. Foreign exchange gains and losses resulting from the settlement of transactions and from the transaction at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'administrative expenses'.
| 2.7 | Tangible assets
Tangible 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 provided on the following basis:
|  |  |  | Short-term leasehold property | - | Over the lease term
|  |  |  | Fixtures and fittings | - | Over 10 years
|  |  |  | Office equipment | - | Over 5 years
|  |  |  | Computer equipment | - | Over 5 years
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 the statement of comprehensive income.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.9 | Cash and cash equivalents
Cash and cash equivalents comprise of cash at bank and in hand, demand deposits with financial institutions repayable without penalty on notice and other short term highly liquid investments with original maturity of 3 months or less and bank overdrafts.
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 3
2055 Ltd
Notes to the financial statements for the period from 18 October 2024 to 31 December 2025 2.Significant accounting policies (continued)
| 2.11 | Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. Debt instruments are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument. Financial assets that are 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 Statement of comprehensive income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a 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. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date. 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.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
In the application of the companies accounting policies, which are described in note 2, the director is required to make judgments, estimates and assumptions which affect the amounts reported for assets and liabilities as at the period-end date and amounts reported for revenues and expenses during the period. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. However, the nature of estimation means that actual outcomes could differ from those estimates. There were no significant estimates or judgments made in the year.
4. | Employees
| The average monthly number of employees, including directors, during the period from 18 October 2024 to was 2.
Page 4
2055 Ltd
Notes to the financial statements for the period from 18 October 2024 to 31 December 2025
5. | Tangible assets
|  | Leasehold improvements | Office furniture | Office equipment | Computer equipment | Total
|  | £ | £ | £ | £ | £
| Cost |  |  |  |  |
| Additions | 170,045 | 51,321 | 13,536 | 15,498 | 250,400
| At 31 December 2025 | 170,045 | 51,321 | 13,536 | 15,498 | 250,400
| Accumulated depreciation |  |  |  |  |
| Charge for the period | 33,740 | 3,386 | 2,152 | 993 | 40,271
| At 31 December 2025 | 33,740 | 3,386 | 2,152 | 993 | 40,271
| Net book value |  |  |  |  |
| At 31 December 2025 | 136,305 | 47,935 | 11,384 | 14,505 | 210,129
6. | Debtors
|  |  |  |  | 2025
|  |  |  |  | £
| Due after more than one year |
| Other debtors | 111,271
|  | 111,271
| Included within other debtors is an amount of £111,271 in respect of a rent deposit that is due after more than one year.
|  |  |  |  | 2025
|  |  |  |  | £
| Due within one year |
| Other debtors | 31,519
| Prepayments and accrued income | 75,831
|  | 107,350
Page 5
2055 Ltd
Notes to the financial statements for the period from 18 October 2024 to 31 December 2025
7. | Cash and cash equivalents
|  |  |  |  | 2025
|  |  |  |  | £
| Cash at bank and in hand | 30,480
|  | 30,480
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025
|  |  |  |  | £
| Trade creditors | 35,764
| Other taxation and social security | 100
| Other creditors | 993,420
| Accruals and deferred income | 3,063
|  | 1,032,347
9. | Related party transactions
| During the year Mykola Sushko, the ultimate beneficial owner, settled set up and administrative expenditure totalling £993,241 on behalf of the company. At the period end a balance of £993,141 was due to Mykola Sushko in this respect.
Page 6