Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-302022-10-010false0The principal activity of the Company is the holding of investments for long-term capital appreciation.falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12862025 2022-10-01 2023-09-30 12862025 2021-10-01 2022-09-30 12862025 2023-09-30 12862025 2022-09-30 12862025 c:Director1 2022-10-01 2023-09-30 12862025 d:NegativeGoodwill 2022-10-01 2023-09-30 12862025 d:NegativeGoodwill 2023-09-30 12862025 d:NegativeGoodwill 2022-09-30 12862025 d:CurrentFinancialInstruments 2023-09-30 12862025 d:CurrentFinancialInstruments 2022-09-30 12862025 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12862025 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 12862025 d:ShareCapital 2023-09-30 12862025 d:ShareCapital 2022-09-30 12862025 d:RetainedEarningsAccumulatedLosses 2023-09-30 12862025 d:RetainedEarningsAccumulatedLosses 2022-09-30 12862025 c:OrdinaryShareClass1 2022-10-01 2023-09-30 12862025 c:OrdinaryShareClass1 2023-09-30 12862025 c:FRS102 2022-10-01 2023-09-30 12862025 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 12862025 c:FullAccounts 2022-10-01 2023-09-30 12862025 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12862025 6 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12862025









PROCHIDA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
PROCHIDA LIMITED
REGISTERED NUMBER: 12862025

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
604,205
535,157

Investments
 5 
8,329
8,329

  
612,534
543,486

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
51,368
29,998

Cash at bank and in hand
  
1,427
1,490

  
52,795
31,488

Creditors: amounts falling due within one year
 7 
(2,760)
(2,580)

NET CURRENT ASSETS
  
 
 
50,035
 
 
28,908

TOTAL ASSETS LESS CURRENT LIABILITIES
  
662,569
572,394

  

NET ASSETS
  
662,569
572,394


CAPITAL AND RESERVES
  

Called up share capital 
 8 
100
100

Profit and loss account
  
662,469
572,294

  
662,569
572,394


Page 1

 
PROCHIDA LIMITED
REGISTERED NUMBER: 12862025
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

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 profit and loss account 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: 




L Salavert
Director

Date: 7 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PROCHIDA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


GENERAL INFORMATION

Prochida Limited is a private company limited by shares and incorporated in England and Wales. Its registered office address is Salisbury House, Station Road, Cambridge, CB1 2LA. 

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

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 Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
PROCHIDA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market.
Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the balance sheet date.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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.

 
2.5

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

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.

Page 4

 
PROCHIDA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

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 Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


INTANGIBLE ASSETS




Cryptocurrency

£





At 1 October 2022
535,157


Disposals
(22,066)


Revaluation surplus
91,114



At 30 September 2023

604,205






NET BOOK VALUE



At 30 September 2023
604,205



At 30 September 2022
535,157



Page 5

 
PROCHIDA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST


At 1 October 2022
8,329



At 30 September 2023
8,329

Page 6

 
PROCHIDA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£


Amounts owed by group undertakings
51,268
29,898

Called up share capital not paid
100
100

51,368
29,998



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Accruals and deferred income
2,760
2,580

2,760
2,580



8.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND UNPAID



1,000 Ordinary shares of £0.10 each
100
100


 
Page 7