Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue3false3 10677717 2022-01-01 2022-12-31 10677717 2021-01-01 2021-12-31 10677717 2022-12-31 10677717 2021-12-31 10677717 c:Director1 2022-01-01 2022-12-31 10677717 d:CurrentFinancialInstruments 2022-12-31 10677717 d:CurrentFinancialInstruments 2021-12-31 10677717 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10677717 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10677717 d:ShareCapital 2022-12-31 10677717 d:ShareCapital 2021-12-31 10677717 d:RetainedEarningsAccumulatedLosses 2022-12-31 10677717 d:RetainedEarningsAccumulatedLosses 2021-12-31 10677717 c:FRS102 2022-01-01 2022-12-31 10677717 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 10677717 c:FullAccounts 2022-01-01 2022-12-31 10677717 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 10677717 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-01-01 2022-12-31 10677717 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-31 10677717 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-12-31 10677717 4 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 10677717









ATLAS HIVE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
ATLAS HIVE LIMITED
REGISTERED NUMBER:10677717

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

As restated
2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
7,663,965
7,637,748

Bank and cash balances
  
5,182
471,650

  
7,669,147
8,109,398

Creditors: amounts falling due within one year
 5 
(3,513,454)
(4,055,967)

Net current assets
  
 
 
4,155,693
 
 
4,053,431

  

Net assets
  
4,155,693
4,053,431


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
4,155,593
4,053,331

  
4,155,693
4,053,431


Page 1

 
ATLAS HIVE LIMITED
REGISTERED NUMBER:10677717
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

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 by: 




A J Chaytor
Director

Date: 31 October 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ATLAS HIVE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Atlas Hive Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is Combe House, 33 Oakfield Road, Clifton, Bristol, England, BS8 2AT and its registered number is 10677717.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared 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 company is reliant on the support of fellow group companies and the directors which have
given their assurance that they will continue to support the company for the forseeable future
and therefore the accounts have been prepared on a going concern basis.

 
2.3

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

 
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

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 reporting date in the countries where the Company operates and generates income.

 
2.6

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.

 
2.7

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.

Page 3

 
ATLAS HIVE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

Page 4

 
ATLAS HIVE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Debtors

As restated
2022
2021
£
£


Amounts owed by group undertakings
7,589,992
6,774,695

Other debtors
73,973
863,053

7,663,965
7,637,748



5.


Creditors: Amounts falling due within one year

As restated
2022
2021
£
£

Trade creditors
-
34,945

Amounts owed to group undertakings
1,120,026
1,166,598

Corporation tax
597,773
719,047

Other taxation and social security
332,557
654,727

Other creditors
1,442,028
1,442,015

Accruals and deferred income
21,070
38,635

3,513,454
4,055,967


At the balance sheet date, the company owed a director £1,442,028 (2021 - £1,442,015). This loan is interest free and repayable on demand, and has been included within other creditors.


6.


Prior year adjustment

During preparation of the financial statements it was identified that turnover for the year ended 31 December 2021 had been understated by £513,552, amounts owed by group undertakings at 31 December 2021 had been understated by £159,335, other debtors at 31 December 2021 had been understated by £307,492, other creditors at 31 December 2021 had been overstated by £6,725, administration expenses for the year ended 31 December 2021 had been understated by £33,465, and accruals and deferred income at 31 December 2021 had been understated by £33,465. An adjustment has been made to comparative numbers to correct the position accordingly. Overall, the loss for the year ended 31 December 2021 has decreased by £480,087 and net assets as at 31 December 2021 have increased by the same amount.

 
Page 5