Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01falseNo description of principal activity55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09296295 2022-01-01 2022-12-31 09296295 2021-01-01 2021-12-31 09296295 2022-12-31 09296295 2021-12-31 09296295 c:Director1 2022-01-01 2022-12-31 09296295 d:OfficeEquipment 2022-12-31 09296295 d:OfficeEquipment 2021-12-31 09296295 d:ComputerEquipment 2022-01-01 2022-12-31 09296295 d:CurrentFinancialInstruments 2022-12-31 09296295 d:CurrentFinancialInstruments 2021-12-31 09296295 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09296295 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 09296295 d:ShareCapital 2022-12-31 09296295 d:ShareCapital 2021-12-31 09296295 d:RetainedEarningsAccumulatedLosses 2022-12-31 09296295 d:RetainedEarningsAccumulatedLosses 2021-12-31 09296295 c:OrdinaryShareClass1 2022-01-01 2022-12-31 09296295 c:OrdinaryShareClass1 2022-12-31 09296295 c:OrdinaryShareClass1 2021-12-31 09296295 c:FRS102 2022-01-01 2022-12-31 09296295 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 09296295 c:FullAccounts 2022-01-01 2022-12-31 09296295 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09296295










LINKFLUENCE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
LINKFLUENCE LTD
REGISTERED NUMBER: 09296295

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
3,067,422
456,467

Cash at bank and in hand
 6 
104,938
2,449,609

  
3,172,360
2,906,076

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(1,483,530)
(1,506,986)

Net current assets
  
 
 
1,688,830
 
 
1,399,090

Total assets less current liabilities
  
1,688,830
1,399,090

  

Net assets
  
1,688,830
1,399,090


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
1,687,830
1,398,090

  
1,688,830
1,399,090


Page 1

 
LINKFLUENCE LTD
REGISTERED NUMBER: 09296295

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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 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 by  




G Decugis
Director

Date: 3 October 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LINKFLUENCE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Linkfluence Ltd is a private limited company, limited by shares and is incorporated and domiciled in England and Wales.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have not been prepared on the going concern basis as the Company has ceased to trade and the Director intends to dissolve the Company in the short term. There are no adjustments required to the carrying value of assets.

 
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.

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

 
LINKFLUENCE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

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.

 
2.6

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.

 
2.7

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 4

 
LINKFLUENCE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.7
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
-
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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Financial instruments

The company only enters into basic financial instrument transactions in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 
Debt instruments (other than those wholly payable or receivable within one year), including loans and other accounts receivable and payable, are initially measures at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitutes a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in a case of an outright short-term loan that is not at market rate, the financial asset or liability is measure, initially as the present value of future cash flows discounted at the market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a pubic benefit entity concessionary loan.
Financial assets that are 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, and impairment loss is recognised in the Statement of comprehensive income.
 
Page 5

 
LINKFLUENCE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.11
Financial instruments (continued)

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the assets carrying amount and the present value of estimated cash flows discounted at the assets original effective interest rate. If a 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. 
For financial assets measured at the cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2021 - 5).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2022
17,447



At 31 December 2022

17,447



Depreciation


At 1 January 2022
17,447



At 31 December 2022

17,447



Net book value



At 31 December 2022
-



At 31 December 2021
-

Page 6

 
LINKFLUENCE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Debtors

2022
2021
£
£


Trade debtors
187,681
368,097

Amounts owed by group undertakings
2,848,222
32,878

Other debtors
26,202
33,560

Prepayments and accrued income
5,317
21,932

3,067,422
456,467



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
104,938
2,449,609

104,938
2,449,609



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
-
74,123

Amounts owed to group undertakings
929,093
532,774

Other taxation and social security
146,716
304,786

Other creditors
103,205
216,063

Accruals and deferred income
304,516
379,240

1,483,530
1,506,986


The amount owed to group undertakings is non-interest bearing, repayable on demand and unsecured.


8.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1,000 (2021 - 1,000) Ordinary shares of £1.00 each
1,000
1,000


Page 7

 
LINKFLUENCE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

9.


Related party transactions

At 31 December 2022, a total amount of £929,093 (2021: £532,774) was owed to Linkfluence France SAS and £2,848,222 (2021: £32,878) was owed by Meltwater B.V. 


10.


Controlling party

The immediate parent undertaking of the Company is Linkfluence SAS, a Company incorporated in France. The ultimate parent undertaking and controlling party is Meltwater B.V., a company incorporated in the Netherlands.


Page 8