Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 2025-01-01 false No description of principal activity 6 6 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14478919 2025-01-01 2025-12-31 14478919 2024-01-01 2024-12-31 14478919 2025-12-31 14478919 2024-12-31 14478919 c:Director2 2025-01-01 2025-12-31 14478919 d:OfficeEquipment 2025-01-01 2025-12-31 14478919 d:OfficeEquipment 2025-12-31 14478919 d:OfficeEquipment 2024-12-31 14478919 d:OfficeEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 14478919 d:CurrentFinancialInstruments 2025-12-31 14478919 d:CurrentFinancialInstruments 2024-12-31 14478919 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 14478919 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14478919 d:RetainedEarningsAccumulatedLosses 2025-12-31 14478919 d:RetainedEarningsAccumulatedLosses 2024-12-31 14478919 c:FRS102 2025-01-01 2025-12-31 14478919 c:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 14478919 c:FullAccounts 2025-01-01 2025-12-31 14478919 c:CompanyLimitedByGuarantee 2025-01-01 2025-12-31 14478919 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Registered number: 14478919
| UNAUDITED FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 DECEMBER 2025
| AD NET ZERO LIMITED (A Company Limited by Guarantee)
AD NET ZERO LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER:14478919 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  |  |  | As restated
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 597 |  | 1,831
|  |  | 597 |  | 1,831
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 446,275 |  | 870,157 |
Cash at bank and in hand |  | 423,467 |  | 431,382 |
|  | 869,742 |  | 1,301,539 |
Creditors: amounts falling due within one year | 6 | (1,225,813) |  | (1,626,547) |
Net current liabilities |  |  | (356,071) |  | (325,008)
Total assets less current liabilities |  |  | (355,474) |  | (323,177)
Net liabilities |  |  | (355,474) |  | (323,177)
Capital and reserves |  |  |  |  |
Profit and loss account |  |  | (355,474) |  | (323,177)
|  |  | (355,474) |  | (323,177)
Page 1
AD NET ZERO LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER:14478919 |  |
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2025 The directors consider 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 directors acknowledge their 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 income and retained earnings 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:
S W J Woodford
Director
Date: 20 July 2026
The notes on pages 3 to 6 form part of these financial statements. Page 2
AD NET ZERO LIMITED (A Company Limited by Guarantee) |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Ad Net Zero Limited is a private company limited by guarantee incorporated in England and Wales. The registered office and principle place of business is given in the company information page of these financial statements. The financial statements are presented in sterling which is the functional currency of the company and 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 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:
| 2.2 | Going concern
Following its establishment as Ad Net Zero Limited in 2023, the company has shown strong operational development beyond its initial start-up phase. The company had budgeted for profitability in 2025 but recorded a £30k loss due to challenging market conditions in the US. The company is now positioned for substantial growth with 2026 budgets forecasting a profit, which will address the brought forward deficit and establish a stronger financial foundation. Current operational momentum and committed funding arrangements provide adequate resources to meet obligations for the next 12 months, with no material uncertainties that would cast doubt on Ad Net Zero's ability to continue as a going concern.
| 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 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 except when deferred in other comprehensive income as qualifying cash flow hedges. Page 3
AD NET ZERO LIMITED (A Company Limited by Guarantee) |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Turnover represents funding for the period receivable from members. Funding is invoiced on renewal and credited to the income and expenditure account in the financial year to which it relates and adjusted for accrued and deferred income.
| 2.5 | 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. The estimated useful lives range as follows:
|  |  |  | Office equipment | - | 3 | 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 profit or loss.
3. | Employees
| The average monthly number of employees, including directors, during the year was 6 (2024 - 6).
Page 4
AD NET ZERO LIMITED (A Company Limited by Guarantee) |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| At 1 January 2025 | 5,494
| Additions | 895
| At 31 December 2025 | 6,389
| Depreciation |
| At 1 January 2025 | 3,663
| Charge for the year on owned assets | 2,129
| At 31 December 2025 | 5,792
| Net book value |
| At 31 December 2025 | 597
| At 31 December 2024 | 1,831
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 419,267 | 565,406
| Amounts owed by group undertakings | - | 64,907
| Other debtors | 6,391 | -
| Prepayments and accrued income | 20,617 | 239,844
|  | 446,275 | 870,157
Page 5
AD NET ZERO LIMITED (A Company Limited by Guarantee) |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  |  | As restated
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 43,340 | 164,025
| Amounts owed to group undertakings | 621,999 | 442,437
| Other taxation and social security | 36,297 | 119,827
| Accruals and deferred income | 524,177 | 900,258
|  | 1,225,813 | 1,626,547
7. | Company status
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
8. | Prior year adjustment
During the year, the company identified an error relating to an intercompany recharge. The recharge, totalling £55,700, relates to consultancy and travel costs incurred during 2021 and 2022 which were intended to be recharged to the company following its incorporation in 2023. At the end of 2023, management accrued an estimate of the expected recharge, while awaiting the formal intercompany invoices. This adjustment automatically reversed at the start of 2024, reducing expenditure but the intercompany invoice was not subsequently raised resulting in expenditure being understated by £55,700. In accordance with FRS 102, this error has been corrected by restating the comparative financial statements. The correction has no impact on the current year's results. The effect of the prior period adjustment on the comparative financial statements is as follows:
|  |  |  |  | Increase/ (Decrease)
|  |  |  |  | £
| Financial statement line item |
| Administrative expenses | 55,700
| Amounts owed to group undertakings | 55,700
| Reserves | (55,700)
9. | Ultimate Controlling party
The company's immediate and ultimate parent undertaking and controlling party is The Advertising Association, a company registered in the United Kingdom. The address of their registered office and principal place of business is 5th Floor, Aldwych Strand, London, England, WC2B 4JF. Page 6