Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2026-05-19 2026-05-19 2025-12-31 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 1 2025-01-01 false No description of principal activity 4 true true 12092174 2025-01-01 2025-12-31 12092174 2024-01-01 2024-12-31 12092174 2025-12-31 12092174 2024-12-31 12092174 1 2025-01-01 2025-12-31 12092174 d:CompanySecretary1 2025-01-01 2025-12-31 12092174 d:Director1 2025-01-01 2025-12-31 12092174 d:Director1 2025-12-31 12092174 d:Director2 2025-01-01 2025-12-31 12092174 d:Director2 2025-12-31 12092174 d:Director3 2025-01-01 2025-12-31 12092174 d:Director3 2025-12-31 12092174 d:Director4 2025-01-01 2025-12-31 12092174 d:Director4 2025-12-31 12092174 d:RegisteredOffice 2025-01-01 2025-12-31 12092174 c:OfficeEquipment 2025-01-01 2025-12-31 12092174 c:OfficeEquipment 2025-12-31 12092174 c:OfficeEquipment 2024-12-31 12092174 c:OfficeEquipment c:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 12092174 c:ComputerEquipment 2025-01-01 2025-12-31 12092174 c:ComputerEquipment 2025-12-31 12092174 c:ComputerEquipment 2024-12-31 12092174 c:ComputerEquipment c:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 12092174 c:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 12092174 c:CopyrightsPatentsTrademarksServiceOperatingRights 2025-12-31 12092174 c:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 12092174 c:CurrentFinancialInstruments 2025-12-31 12092174 c:CurrentFinancialInstruments 2024-12-31 12092174 c:CurrentFinancialInstruments c:WithinOneYear 2025-12-31 12092174 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 12092174 c:SharePremium 2025-12-31 12092174 c:SharePremium 2024-12-31 12092174 c:RetainedEarningsAccumulatedLosses 2025-12-31 12092174 c:RetainedEarningsAccumulatedLosses 2024-12-31 12092174 d:FRS102 2025-01-01 2025-12-31 12092174 d:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 12092174 d:FullAccounts 2025-01-01 2025-12-31 12092174 d:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 12092174 2 2025-01-01 2025-12-31 12092174 6 2025-01-01 2025-12-31 12092174 c:CopyrightsPatentsTrademarksServiceOperatingRights c:OwnedIntangibleAssets 2025-01-01 2025-12-31 12092174 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Registered number: 12092174 CRAFT DOCS LTD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
CRAFT DOCS LTD CONTENTS
| Page
Company information | 1
Balance sheet | 2
Notes to the financial statements | 3 - 11
CRAFT DOCS LTD COMPANY INFORMATION
Directors | F C J Cassel (resigned 19 May 2026)
| G W O'Keeffe (resigned 19 May 2026)
| B Orosz (resigned 24 June 2026)
| V Pali (appointed 24 June 2026)
Company secretary | Taylor Wessing Secretaries Limited
Registered number | 12092174
Registered office | 5 New Street Square
| London
| EC4A 3TW
Accountants | Blick Rothenberg Limited
| Chartered Accountants
| 16 Great Queen Street
| Covent Garden
| London
| WC2B 5AH
Page 1
|  | REGISTERED NUMBER:12092174
CRAFT DOCS LTD BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 6,074 |  | 9,549
Tangible assets | 5 |  | 2,707 |  | 6,962
Investments | 6 |  | 8,291 |  | 8,291
|  |  | 17,072 |  | 24,802
Current assets |  |  |  |  |
Debtors | 7 | 138,647 |  | 266,486 |
Cash at bank and in hand |  | 3,856,689 |  | 5,642,477 |
|  | 3,995,336 |  | 5,908,963 |
Creditors: amounts falling due within one year | 8 | (1,021,265) |  | (561,646) |
Net current assets |  |  | 2,974,071 |  | 5,347,317
Net assets |  |  | 2,991,143 |  | 5,372,119
Capital and reserves |  |  |  |  |
Share premium account |  |  | 16,509,740 |  | 16,507,033
Profit and loss account |  |  | (13,518,597) |  | (11,134,914)
Total equity |  |  | 2,991,143 |  | 5,372,119
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 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:
V Pali
Director
Date: 5 August 2026
The notes on pages 3 to 11 form part of these financial statements. Page 2
CRAFT DOCS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Craft Docs Ltd is a private company limited by shares incorporated in England and Wales. The address of its registered office is 5 New Street Square, London, EC4A 3TW. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Exemption from preparing consolidated financial statements
The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts. The company's wholly owned sole subsidiary is Craft Docs Kft, a private limited company incorporated in Hungary and registered at Hungary, Budapest, 1061, Andrassy ut 12.
| 2.3 | Going concern
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
| 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. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Page 3
CRAFT DOCS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 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. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. 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:
|  |  |  | Office equipment | - | 33% |
|  |  |  | 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.
| 2.6 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.7 | 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 4
CRAFT DOCS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.8 | Cash at bank and in hand
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.9 | Financial instruments
The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments. Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 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 deducting all of its liabilities. The company’s policies for its major classes of financial assets and financial liabilities are set out below. Financial assets Basic financial assets, including trade and other debtors, cash and bank balances and intercompany financing are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Financial liabilities Basic financial liabilities, including trade and other creditors and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Page 5
CRAFT DOCS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
|  | Financial instruments (continued)
Impairment of financial assets Financial assets 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 profit and loss account. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the 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. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. Derecognition of financial assets and financial liabilities Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Offsetting of financial assets and financial liabilities 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.
| 2.10 | Share capital
Ordinary shares are classified as equity.
| 2.11 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.12 | Development costs
Software development costs are expensed as incurred. Page 6
CRAFT DOCS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.13 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
| 2.14 | Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
| 2.15 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is Sterling (£). 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. Foreign exchange gains and losses are presented in profit or loss within 'administrative expenses'. Page 7
CRAFT DOCS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.16 | Current and deferred tax
The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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. Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years. 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 arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 4).
Page 8
CRAFT DOCS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Intangible assets
|  | Trademarks
|  | £
| Cost |
| At 1 January 2025 | 17,375
| At 31 December 2025 | 17,375
| Amortisation |
| At 1 January 2025 | 7,826
| Charge for the year | 3,475
| At 31 December 2025 | 11,301
| Net book value |
| At 31 December 2025 | 6,074
| At 31 December 2024 | 9,549
Page 9
CRAFT DOCS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Office equipment | Computer equipment | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 January 2025 | 1,645 | 19,556 | 21,201
| Additions | - | 1,439 | 1,439
| Disposals | (1,645) | (3,555) | (5,200)
| At 31 December 2025 | - | 17,440 | 17,440
| Depreciation |  |  |
| At 1 January 2025 | 1,357 | 12,882 | 14,239
| Charge for the year | 288 | 3,960 | 4,248
| Disposals | (1,645) | (2,109) | (3,754)
| At 31 December 2025 | - | 14,733 | 14,733
| Net book value |  |  |
| At 31 December 2025 | - | 2,707 | 2,707
| At 31 December 2024 | 288 | 6,674 | 6,962
6. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost |
| At 1 January 2025 | 8,291
| At 31 December 2025 | 8,291
Page 10
CRAFT DOCS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 2,227 | -
| Other debtors | 14,500 | 24,819
| Prepayments and accrued income | 121,920 | 52,036
| Tax recoverable | - | 189,631
|  | 138,647 | 266,486
8. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 3,439 | 37,349
| Amounts owed to group undertakings | 1,695 | -
| Other taxation and social security | - | 1,220
| Other creditors | - | 8,791
| Accruals and deferred income | 1,016,131 | 514,286
|  | 1,021,265 | 561,646
9. | Related party transactions
The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.
10. | Post balance sheet events
Subsequent to the year end, the company completed a transaction involving the disposal of part of its business and implemented a series of capital reorganisation and distribution steps. As the transaction was not completed and no obligation existed at 31 December 2025, the event has not been reflected in these financial statements. Management considers the event to be material to users' understanding of the company's subsequent development.
Page 11