Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 false 5 2025-01-01 false No description of principal activity 6 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14420650 2025-01-01 2025-12-31 14420650 2024-01-01 2024-12-31 14420650 2025-12-31 14420650 2024-12-31 14420650 c:Director4 2025-01-01 2025-12-31 14420650 d:ComputerEquipment 2025-01-01 2025-12-31 14420650 d:ComputerEquipment 2025-12-31 14420650 d:ComputerEquipment 2024-12-31 14420650 d:ComputerEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 14420650 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 14420650 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 14420650 d:CurrentFinancialInstruments 2025-12-31 14420650 d:CurrentFinancialInstruments 2024-12-31 14420650 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 14420650 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14420650 d:ShareCapital 2025-12-31 14420650 d:ShareCapital 2024-12-31 14420650 d:SharePremium 2025-12-31 14420650 d:SharePremium 2024-12-31 14420650 d:RetainedEarningsAccumulatedLosses 2025-12-31 14420650 d:RetainedEarningsAccumulatedLosses 2024-12-31 14420650 c:OrdinaryShareClass1 2025-01-01 2025-12-31 14420650 c:OrdinaryShareClass1 2025-12-31 14420650 c:OrdinaryShareClass1 2024-12-31 14420650 c:FRS102 2025-01-01 2025-12-31 14420650 c:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 14420650 c:FullAccounts 2025-01-01 2025-12-31 14420650 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 14420650 d:Subsidiary1 2025-01-01 2025-12-31 14420650 d:Subsidiary1 1 2025-01-01 2025-12-31 14420650 d:Subsidiary2 2025-01-01 2025-12-31 14420650 d:Subsidiary2 1 2025-01-01 2025-12-31 14420650 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2025-01-01 2025-12-31 14420650 2 2025-01-01 2025-12-31 14420650 6 2025-01-01 2025-12-31 14420650 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2025-01-01 2025-12-31 14420650 e:PoundSterling 2025-01-01 2025-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14420650 R3 SPORT LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
R3 SPORT LIMITED REGISTERED NUMBER:14420650
BALANCE SHEET AS AT 31 DECEMBER 2025
|  |  |  | As restated
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 1,398 |  | 1,939
Investments | 6 |  | 78,450 |  | 108
|  |  | 79,848 |  | 2,047
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 227,626 |  | 227,033 |
Cash at bank and in hand | 8 | 7,499 |  | 210,271 |
|  | 235,125 |  | 437,304 |
Creditors: amounts falling due within one year | 9 | (16,437) |  | (19,909) |
Net current assets |  |  | 218,688 |  | 417,395
Total assets less current liabilities |  |  | 298,536 |  | 419,442
Net assets |  |  | 298,536 |  | 419,442
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 2,207 |  | 2,207
Share premium account |  |  | 624,480 |  | 624,480
Profit and loss account |  |  | (328,151) |  | (207,245)
|  |  | 298,536 |  | 419,442
Page 1
R3 SPORT LIMITED REGISTERED NUMBER:14420650
BALANCE SHEET (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 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 on 14 August 2026.
J D Rowland
Director
The notes on pages 3 to 10 form part of these financial statements. Page 2
R3 SPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
R3 Sport Limited is a limited liability company incorporated in England and Wales. The registered office is Harwood House, 43 Harwood Road, London, SW6 4QP. The presentational currency is the Pound Sterling (£). The principal activities of the company is that of investing in the sports and entertainment sector. 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 following principal accounting policies have been applied:
| 2.2 | 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. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
R3 SPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.3 | 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.
| 2.4 | 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.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 4
R3 SPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.7 | 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.
| 2.8 | Taxation
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.
| 2.9 | 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 amortised on a straight-line basis over the contractual term, reflecting the period over which the Company expects to derive economic benefits from the asset. The carrying value is reviewed for impairment where events or changes in circumstances indicate that the carrying amount may not be recoverable. Any impairment losses are recognised immediately in the Statement of Comprehensive Income.
| 2.10 | 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. Page 5
R3 SPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.10 | Tangible fixed assets (continued)
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:
|  |  |  | Computer equipment | - | 25% |
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.
| 2.11 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.12 | 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.
| 2.13 | 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.
| 2.14 | 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.
3. | Employees
The average monthly number of employees, including directors, during the year was 6 (2024 - 5). Page 6
R3 SPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Intangible assets
|  | Contracts
|  | £
| Cost |
| At 1 January 2025 | 106,715
| Additions | 89,136
| At 31 December 2025 | 195,851
| Amortisation |
| At 1 January 2025 | 106,715
| Charge for the year on owned assets | 89,136
| At 31 December 2025 | 195,851
| Net book value |
| At 31 December 2025 | -
| At 31 December 2024 | -
Page 7
R3 SPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Computer equipment
|  | £
| Cost or valuation |
| At 1 January 2025 | 2,165
| At 31 December 2025 | 2,165
| Depreciation |
| At 1 January 2025 | 226
| Charge for the year on owned assets | 541
| At 31 December 2025 | 767
| Net book value |
| At 31 December 2025 | 1,398
| At 31 December 2024 | 1,939
6. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 January 2025 | 108
| Additions | 78,345
| Disposals | (3)
| At 31 December 2025 | 78,450
Page 8
R3 SPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
| Subsidiary undertakings
| The following were subsidiary undertakings of the Company:
| Name | Class of shares | Holding
| MRH Sport Ltd | Ordinary | 50%
| Padelaid Limited | Ordinary | 51%
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 24,412 | 24,755
| Other debtors | 203,214 | 202,278
|  | 227,626 | 227,033
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 7,499 | 210,271
9. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 3,966 | 8,694
| Other taxation and social security | 7,639 | 3,762
| Other creditors | - | 5,953
| Accruals and deferred income | 4,832 | 1,500
|  | 16,437 | 19,909
Page 9
R3 SPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 2,207 (2024 - 2,207) Ordinary shares of £1.00 each | 2,207 | 2,207
11. | Prior year adjustment
During the year, the directors identified an error in prior year's financial statements relating to the amortisation of intangible assets. Amortisation had not been recognised in accordance with the company's accounting policy. The comparative figures have therefore been restated to correct this error. The effect of the restatement has been to reduce the carrying value of intangible assets and retained earnings by £106,715 and to increase the prior year.
12. | 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 £1,321 (2024 - £330) . Contributions totalling £nil (2024 - £nil) were payable to the fund at the balance sheet date and are included in creditors.
13. | Related party transactions
| Included in other debtors is a loan to MRH Sport Ltd, a subsidary of the company to the value of £209,607 (2024: £199,607). Included in other debtors is a loan to Padelaid Ltd, a subsidary of the company to the value of £24,412 (2024: £24,458).
14. | Controlling party
J D Rowland has ultimate control by virtue of his shareholdings in the company.
Page 10