Caseware UK (AP4) 2025.0.111 2025.0.111 2025-03-31 2025-03-31 5 2024-04-01 false No description of principal activity 2 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08926825 2024-04-01 2025-03-31 08926825 2023-04-01 2024-03-31 08926825 2025-03-31 08926825 2024-03-31 08926825 c:Director2 2024-04-01 2025-03-31 08926825 d:OfficeEquipment 2024-04-01 2025-03-31 08926825 d:OfficeEquipment 2025-03-31 08926825 d:OfficeEquipment 2024-03-31 08926825 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08926825 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 08926825 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 08926825 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 08926825 d:ComputerSoftware 2025-03-31 08926825 d:ComputerSoftware 2024-03-31 08926825 d:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 08926825 d:CurrentFinancialInstruments 2025-03-31 08926825 d:CurrentFinancialInstruments 2024-03-31 08926825 d:Non-currentFinancialInstruments 2025-03-31 08926825 d:Non-currentFinancialInstruments 2024-03-31 08926825 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 08926825 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08926825 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 08926825 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08926825 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 08926825 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 08926825 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 08926825 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 08926825 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-03-31 08926825 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 08926825 d:ShareCapital 2025-03-31 08926825 d:ShareCapital 2024-03-31 08926825 d:SharePremium 2025-03-31 08926825 d:SharePremium 2024-03-31 08926825 d:RetainedEarningsAccumulatedLosses 2025-03-31 08926825 d:RetainedEarningsAccumulatedLosses 2024-03-31 08926825 c:FRS102 2024-04-01 2025-03-31 08926825 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08926825 c:FullAccounts 2024-04-01 2025-03-31 08926825 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08926825 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-04-01 2025-03-31 08926825 d:ComputerSoftware d:OwnedIntangibleAssets 2024-04-01 2025-03-31 08926825 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 08926825 THIRSTY HORSES SOLUTIONS LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
THIRSTY HORSES SOLUTIONS LTD REGISTERED NUMBER: 08926825 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 259,064 |  | 398,563
Tangible assets | 5 |  | 1,979 |  | 2,806
|  |  | 261,043 |  | 401,369
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 1,500 |  | 48,299 |
|  | 1,500 |  | 48,299 |
Creditors: amounts falling due within one year | 7 | (506,995) |  | (609,197) |
Net current liabilities |  |  | (505,495) |  | (560,898)
Total assets less current liabilities |  |  | (244,452) |  | (159,529)
Creditors: amounts falling due after more than one year | 8 |  | (22,660) |  | (19,364)
Net liabilities |  |  | (267,112) |  | (178,893)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2,875 |  | 2,875
Share premium account |  |  | 398,625 |  | 398,625
Profit and loss account |  |  | (668,612) |  | (580,393)
|  |  | (267,112) |  | (178,893)
Page 1
THIRSTY HORSES SOLUTIONS LTD REGISTERED NUMBER: 08926825 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 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 his 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:
................................................ R Pendleton
Director
Date: 19 August 2026
The notes on pages 3 to 9 form part of these financial statements. Page 2
THIRSTY HORSES SOLUTIONS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no. 08926825). The address of the registered office is C/O Langtons, The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ. These financial statements present information about the company as an individual undertaking, it is not a member of a group of companies. The principal activity is that of software development. 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 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 | 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.
| 2.3 | 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. Page 3
THIRSTY HORSES SOLUTIONS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | 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.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.6 | 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.
| 2.7 | 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.
| 2.8 | 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. The estimated useful lives range as follows:
|  |  |  | Development expenditure | - | 5 | years
|  |  |  | Computer software | - | 10 | years
Page 4
THIRSTY HORSES SOLUTIONS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.9 | 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. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 20% | On cost
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.
| 2.10 | 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.
| 2.11 | 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 2 (2024 - 5).
Page 5
THIRSTY HORSES SOLUTIONS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Intangible assets
|  | Develop-ment expenditure | Computer software | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 April 2024 | 929,388 | 1,500 | 930,888
| At 31 March 2025 | 929,388 | 1,500 | 930,888
| Amortisation |  |  |
| At 1 April 2024 | 531,725 | 600 | 532,325
| Charge for the year on owned assets | 139,349 | 150 | 139,499
| At 31 March 2025 | 671,074 | 750 | 671,824
| Net book value |  |  |
| At 31 March 2025 | 258,314 | 750 | 259,064
| At 31 March 2024 | 397,663 | 900 | 398,563
Page 6
THIRSTY HORSES SOLUTIONS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| At 1 April 2024 | 4,228
| At 31 March 2025 | 4,228
| Depreciation |
| At 1 April 2024 | 1,422
| Charge for the year on owned assets | 827
| At 31 March 2025 | 2,249
| Net book value |
| At 31 March 2025 | 1,979
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | - | 46,799
| Other debtors | 1,500 | 1,500
|  | 1,500 | 48,299
Page 7
THIRSTY HORSES SOLUTIONS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 8 | 26,176
| Bank loans | 2,209 | 2,209
| Trade creditors | 37,338 | 41,972
| Other taxation and social security | 238,916 | 219,205
| Other creditors | 214,334 | 153,574
| Accruals and deferred income | 14,190 | 166,061
|  | 506,995 | 609,197
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 8 | 26,176
|  | 8 | 26,176
| Details of security provided:
The bank overdrafts are secured by fixed and floating charges held against the assets of the company.
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 22,660 | 19,364
|  | 22,660 | 19,364
Page 8
THIRSTY HORSES SOLUTIONS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 2,209 | 2,209
| Amounts falling due 1-2 years |  |
| Bank loans | 2,266 | 2,266
| Amounts falling due 2-5 years |  |
| Bank loans | 7,149 | 7,149
| Amounts falling due after more than 5 years |  |
| Bank loans | 13,245 | 9,949
|  | 24,869 | 21,573
10. | 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 £0 (2024 - £3,198) . Contributions totalling £4,956 (2024 - £4,956) were payable to the fund at the balance sheet date and are included in creditors.
Page 9