Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31true10false2022-01-01falseNo description of principal activity5The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10466048 2022-01-01 2022-12-31 10466048 2022-12-31 10466048 2021-01-01 2021-12-31 10466048 2021-12-31 10466048 c:Director4 2022-01-01 2022-12-31 10466048 d:FurnitureFittings 2022-01-01 2022-12-31 10466048 d:FurnitureFittings 2022-12-31 10466048 d:FurnitureFittings 2021-12-31 10466048 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 10466048 d:ComputerEquipment 2022-01-01 2022-12-31 10466048 d:ComputerEquipment 2022-12-31 10466048 d:ComputerEquipment 2021-12-31 10466048 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 10466048 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 10466048 d:CurrentFinancialInstruments 2022-12-31 10466048 d:CurrentFinancialInstruments 2021-12-31 10466048 d:Non-currentFinancialInstruments 2022-12-31 10466048 d:Non-currentFinancialInstruments 2021-12-31 10466048 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10466048 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10466048 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10466048 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 10466048 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 10466048 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 10466048 d:ShareCapital 2022-12-31 10466048 d:ShareCapital 2021-12-31 10466048 d:RetainedEarningsAccumulatedLosses 2022-12-31 10466048 d:RetainedEarningsAccumulatedLosses 2021-12-31 10466048 c:OrdinaryShareClass1 2022-01-01 2022-12-31 10466048 c:OrdinaryShareClass1 2022-12-31 10466048 c:OrdinaryShareClass1 2021-12-31 10466048 c:FRS102 2022-01-01 2022-12-31 10466048 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 10466048 c:FullAccounts 2022-01-01 2022-12-31 10466048 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 10466048 4 2022-01-01 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company registration number: 10466048







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2022


LENDWISE LTD






































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LENDWISE LTD
REGISTERED NUMBER:10466048



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,738
5,863

  
4,738
5,863

Current assets
  

Debtors: amounts falling due within one year
 5 
102,113
69,672

Cash at bank and in hand
  
1,239,234
736,469

  
1,341,347
806,141

Creditors: amounts falling due within one year
 6 
(560,616)
(455,114)

Net current assets
  
 
 
780,731
 
 
351,027

Total assets less current liabilities
  
785,469
356,890

Creditors: amounts falling due after more than one year
 7 
(12,083)
(17,083)

  

Net assets
  
773,386
339,807

Page 1

 


LENDWISE LTD
REGISTERED NUMBER:10466048


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
 9 
3,294,947
2,244,947

Profit and loss account
  
(2,521,561)
(1,905,140)

  
773,386
339,807


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: 




R Zaveri
Director

Date: 26 April 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


LENDWISE LTD
 


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

1.


General information

Lendwise Ltd is a private company limited by shares incorporated in England and Wales. The address of the registered office, which is also the principal place of business,  is disclosed on the company information page.

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

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.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
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.

Depreciation is provided on the following basis:

Fixtures and fittings
-
3 years straight line
Computer equipment
-
3 years straight line

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.

Page 3

 


LENDWISE LTD
 


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

3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2021 - 5).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2022
589
6,930
7,519


Additions
200
1,395
1,595



At 31 December 2022

789
8,325
9,114



Depreciation


At 1 January 2022
512
1,144
1,656


Charge for the year
60
2,660
2,720



At 31 December 2022

572
3,804
4,376



Net book value



At 31 December 2022
217
4,521
4,738



At 31 December 2021
77
5,786
5,863

Page 4

 


LENDWISE LTD
 


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

5.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
8,370
8,370

Other debtors
28,355
19,786

Prepayments and accrued income
65,388
41,516

102,113
69,672



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
5,000
5,000

Trade creditors
51,266
38,157

Amounts owed to group undertakings
436,588
156,003

Other taxation and social security
18,901
216,841

Other creditors
-
4

Accruals and deferred income
48,861
39,109

560,616
455,114


The loan included in creditors is a bounce-back loan obtained with the support of the government scheme.  A rate of 2.5% interest is charged on this loan.


7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
12,083
17,083

12,083
17,083


Page 5

 


LENDWISE LTD
 


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

8.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
5,000
5,000


5,000
5,000


Amounts falling due 2-5 years

Bank loans
12,083
17,083


12,083
17,083


17,083
22,083



9.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



3,294,947 (2021 - 2,244,947) Ordinary shares of £1.00 each
3,294,947
2,244,947


During the year 1,050,000 shares of £1 each were issued fully paid for in cash at par.

 
Page 6