Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 true 2025-01-01 false No description of principal activity 48 51 true false 05132736 2025-01-01 2025-12-31 05132736 2024-01-01 2024-12-31 05132736 2025-12-31 05132736 2024-12-31 05132736 2024-01-01 05132736 c:Director5 2025-01-01 2025-12-31 05132736 d:FurnitureFittings 2025-01-01 2025-12-31 05132736 d:FurnitureFittings 2025-12-31 05132736 d:FurnitureFittings 2024-12-31 05132736 d:FurnitureFittings d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 05132736 d:ComputerEquipment 2025-01-01 2025-12-31 05132736 d:ComputerEquipment 2025-12-31 05132736 d:ComputerEquipment 2024-12-31 05132736 d:ComputerEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 05132736 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 05132736 d:Goodwill 2025-01-01 2025-12-31 05132736 d:Goodwill 2025-12-31 05132736 d:Goodwill 2024-12-31 05132736 d:CurrentFinancialInstruments 2025-12-31 05132736 d:CurrentFinancialInstruments 2024-12-31 05132736 d:Non-currentFinancialInstruments 2025-12-31 05132736 d:Non-currentFinancialInstruments 2024-12-31 05132736 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 05132736 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05132736 d:Non-currentFinancialInstruments d:AfterOneYear 2025-12-31 05132736 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 05132736 d:ShareCapital 2025-12-31 05132736 d:ShareCapital 2024-12-31 05132736 d:ShareCapital 2024-01-01 05132736 d:CapitalRedemptionReserve 2025-12-31 05132736 d:CapitalRedemptionReserve 2024-12-31 05132736 d:CapitalRedemptionReserve 2024-01-01 05132736 d:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 05132736 d:RetainedEarningsAccumulatedLosses 2025-12-31 05132736 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 05132736 d:RetainedEarningsAccumulatedLosses 2024-12-31 05132736 d:RetainedEarningsAccumulatedLosses 2024-01-01 05132736 d:AcceleratedTaxDepreciationDeferredTax 2025-12-31 05132736 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 05132736 c:OrdinaryShareClass1 2025-01-01 2025-12-31 05132736 c:OrdinaryShareClass1 2025-12-31 05132736 c:OrdinaryShareClass1 2024-12-31 05132736 c:FRS102 2025-01-01 2025-12-31 05132736 c:Audited 2025-01-01 2025-12-31 05132736 c:FullAccounts 2025-01-01 2025-12-31 05132736 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05132736 d:Subsidiary1 2025-01-01 2025-12-31 05132736 d:Subsidiary1 1 2025-01-01 2025-12-31 05132736 d:WithinOneYear 2025-12-31 05132736 d:WithinOneYear 2024-12-31 05132736 d:BetweenOneFiveYears 2025-12-31 05132736 d:BetweenOneFiveYears 2024-12-31 05132736 c:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 05132736 4 2025-01-01 2025-12-31 05132736 6 2025-01-01 2025-12-31 05132736 d:Goodwill d:OwnedIntangibleAssets 2025-01-01 2025-12-31 05132736 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05132736 CANDYSPACE MEDIA LTD FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
CANDYSPACE MEDIA LTD REGISTERED NUMBER: 05132736 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 26,270 |  | 34,971
Tangible assets | 5 |  | 63,178 |  | 48,638
Investments | 6 |  | 141,735 |  | 171,735
|  |  | 231,183 |  | 255,344
Current assets |  |  |  |  |
Debtors due within 1 year |  | 1,735,342 |  | 1,473,789 |
Debtors due after more than 1 year |  | 48,678 |  | 118,888 |
Cash at bank and in hand | 8 | 851,268 |  | 885,105 |
|  | 2,635,288 |  | 2,477,782 |
Creditors: amounts falling due within one year | 9 | (893,440) |  | (791,563) |
Net current assets |  |  | 1,741,848 |  | 1,686,219
Total assets less current liabilities |  |  | 1,973,031 |  | 1,941,563
Creditors: amounts falling due after more than one year | 10 |  | - |  | (90,034)
Net assets |  |  | 1,973,031 |  | 1,851,529
Capital and reserves |  |  |  |  |
Called up share capital | 12 |  | 850 |  | 850
Capital redemption reserve |  |  | 213 |  | 213
Profit and loss account |  |  | 1,971,968 |  | 1,850,466
|  |  | 1,973,031 |  | 1,851,529
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:
M Simpson
Director
Date: 18 July 2026
The notes on pages 4 to 12 form part of these financial statements. Page 1
CANDYSPACE MEDIA LTD REGISTERED NUMBER: 05132736 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 Page 2
CANDYSPACE MEDIA LTD STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025
| Called up share capital | Capital redemption reserve | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 January 2025 | 850 | 213 | 1,850,466 | 1,851,529
Comprehensive income for the year |  |  |  |
Profit for the year | - | - | 529,667 | 529,667
Dividends: Equity capital | - | - | (408,165) | (408,165)
At 31 December 2025 | 850 | 213 | 1,971,968 | 1,973,031
| The notes on pages 4 to 12 form part of these financial statements.
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2024
| Called up share capital | Capital redemption reserve | Profit and loss account | Total equity
| £ | £ | £ | £
| 850 | 213 | 1,795,523 | 1,796,586
Comprehensive income for the year |  |  |  |
Profit for the year | - | - | 463,108 | 463,108
Dividends: Equity capital | - | - | (408,165) | (408,165)
At 31 December 2024 | 850 | 213 | 1,850,466 | 1,851,529
| The notes on pages 4 to 12 form part of these financial statements.
Page 3
CANDYSPACE MEDIA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Candyspace Media Limited is a private company, limited by shares and registered in England and Wales. Its registered office is Chancery House, 53-64 Chancery Lane, London, WC2A 1QS. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The company has taken advantage of the small companies exemption from preparing group accounts. The following principal accounting policies have been applied:
| 2.2 | Revenue
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised in line with work carried out on each contract to date.
| 2.3 | 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, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 25% |
|  |  |  | Computer equipment | - | 40% |
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.
| 2.4 | Investments
Investments in subsidiaries are measured at cost less accumulated impairment. Page 4
CANDYSPACE MEDIA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.5 | 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.
| 2.6 | 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.
| 2.7 | 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.
| 2.8 | 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 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.
| 2.9 | Operating leases: the Company as lessee
Rentals under operating leases are charged to the Profit and Loss Account on a straight line basis over the lease term. Page 5
CANDYSPACE MEDIA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.10 | 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 balance sheet 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 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.
| 2.11 | Exceptional items
Exceptional items are material one-off items of income or expense which, by virtue of their size or incidence, require separate disclosure in order to give a true and fair view of the financial performance. The company separately identifies these items to provide a better understanding of its underlying trading performance. The exceptional costs relate to expenditure incurred in relation to a change in ownership detailed in note 16.
| 2.12 | Intangible assets
Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life. Other intangible assets Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Page 6
CANDYSPACE MEDIA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.13 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.14 | 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 48 (2024 - 51).
4. | Intangible assets
|  | Customer Contracts
|  | £
| Cost |
| At 1 January 2025 | 38,500
| At 31 December 2025 | 38,500
| Amortisation |
| At 1 January 2025 | 3,529
| Charge for the year | 8,701
| At 31 December 2025 | 12,230
| Net book value |
| At 31 December 2025 | 26,270
| At 31 December 2024 | 34,971
Page 7
CANDYSPACE MEDIA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 January 2025 | 223,047 | 97,589 | 320,636
| Additions | 884 | 38,464 | 39,348
| At 31 December 2025 | 223,931 | 136,053 | 359,984
| Depreciation |  |  |
| At 1 January 2025 | 198,791 | 73,207 | 271,998
| Charge for the year | 6,194 | 18,614 | 24,808
| At 31 December 2025 | 204,985 | 91,821 | 296,806
| Net book value |  |  |
| At 31 December 2025 | 18,946 | 44,232 | 63,178
| At 31 December 2024 | 24,256 | 24,382 | 48,638
Page 8
CANDYSPACE MEDIA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 January 2025 | 231,735
| At 31 December 2025 | 231,735
| Impairment |
| At 1 January 2025 | 60,000
| Charge for the period | 30,000
| At 31 December 2025 | 90,000
| Net book value |
| At 31 December 2025 | 141,735
| At 31 December 2024 | 171,735
| Subsidiary undertaking
| The following was a subsidiary undertaking of the Company:
| Name | Registered office | Principal activity | Class of shares | Holding
| Candyspace US Inc. | USA | Digital Production | Ordinary $1 Shares | 100%
| The aggregate of the share capital and reserves as at 31 December 2025 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:
| Name | Profit/(Loss)
| Candyspace US Inc. | 45,652
Page 9
CANDYSPACE MEDIA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Other debtors | 48,678 | 118,888
|  | 48,678 | 118,888
| Due within one year |  |
| Trade debtors | 794,780 | 1,014,664
| Amounts owed by group undertakings | 554,332 | -
| Other debtors | 55,567 | 267,249
| Prepayments and accrued income | 330,327 | 191,541
| Deferred taxation | 336 | 336
|  | 1,784,020 | 1,592,678
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 851,268 | 885,105
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 193,878 | 147,307
| Corporation tax | 38,119 | -
| Other taxation and social security | 206,077 | 215,803
| Other creditors | 27,656 | 30,653
| Accruals and deferred income | 427,710 | 397,800
|  | 893,440 | 791,563
Page 10
CANDYSPACE MEDIA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 53,867
| Other creditors | - | 36,167
|  | - | 90,034
11. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | 336
| At end of year | 336
| The deferred tax asset is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 336 | 336
|  | 336 | 336
12. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 85,000 (2024 - 85,000) Ordinary shares of £0.01 each | 850 | 850
13. | 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 £133,350 (2024: £135,384). Page 11
CANDYSPACE MEDIA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
14. | Commitments under operating leases
| At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 217,350 | 108,675
| Later than 1 year and not later than 5 years | 108,675 | -
|  | 326,025 | 108,675
15. | Related party transactions
| The Company is exempt under the terms of FRS102 from disclosing related party transactions with wholly owned subsidiaries. During the year the Company impaired in full and written off the loan to Group Hug Ventures Ltd, a company controlled by both directors, on commercial terms. At the balance sheet date £nil outstanding (2024: £85,675).
16. | Controlling party
The company is controlled by Candyspace Holdings Limited who owns 100% of the shareholdings. The ultimate controlling party is T W Thorne by virtue of his majority shareholding in Candyspace Holdings Limited. Post year end the ultimate parent company became Quantiphi Limited following a change of control on 4 March 2026.
17. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 21 July 2026 by Darren O'Connor BSc (Hons) ACA FCCA (Senior Statutory Auditor) on behalf of James Cowper Kreston Audit.
Page 12