Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-31136951142022-12-3122021-10-21true0falsetrue 13695114 2021-10-20 13695114 2021-10-21 2022-12-31 13695114 2021-01-01 2021-10-20 13695114 2022-12-31 13695114 1 2021-10-21 2022-12-31 13695114 d:Director1 2021-10-21 2022-12-31 13695114 c:CurrentFinancialInstruments 2022-12-31 13695114 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 13695114 c:ShareCapital 2022-12-31 13695114 c:RetainedEarningsAccumulatedLosses 2022-12-31 13695114 d:OrdinaryShareClass1 2021-10-21 2022-12-31 13695114 d:OrdinaryShareClass1 2022-12-31 13695114 d:EntityNoLongerTradingButTradedInPast 2021-10-21 2022-12-31 13695114 d:FRS102 2021-10-21 2022-12-31 13695114 d:Audited 2021-10-21 2022-12-31 13695114 d:FullAccounts 2021-10-21 2022-12-31 13695114 d:PrivateLimitedCompanyLtd 2021-10-21 2022-12-31 13695114 d:SmallCompaniesRegimeForAccounts 2021-10-21 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure



















Datawords UK Limited

Registered number: 13695114
Annual report
For the 14 months period ended 31 December 2022

 
 13695114
31 December 2022
DATAWORDS UK LIMITED
REGISTERED NUMBER: 13695114

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
4,461

  
4,461

Creditors: amounts falling due within one year
 5 
(67,958)

Net current liabilities
  
 
 
(63,497)

Total assets less current liabilities
  
(63,497)

  

Net liabilities
  
(63,497)


Capital and reserves
  

Called up share capital 
 6 
10,000

Profit and loss account
  
(73,497)

Total equity
  
(63,497)


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: 




D Rosenberg
Director

Date: 9 November 2023

The notes on pages 2 to 6 form part of these financial statements.

- 1 -

 
 13695114
31 December 2022
DATAWORDS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 14 MONTHS PERIOD ENDED 31 DECEMBER 2022

1.


General information

Datawords UK Limited is a private company limited by shares incorporated in England and Wales. The registered number of the Company is 13695114. The address of its registered office is 160 Midsummer Boulevard, Milton Keynes, Buckinghamshire, MK9 1FF.
The principal activity of the Company is digital marketing, translation and consulting.
The Company was incorporated on 21 October 2021. During the period, the Company extended its accounting reference date from 31 October 2022 to 31 December 2022 to be in line with group companies. As a result, these financial statements are for a period of more than 12 months.

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 financial statements have been presented in Pound Sterling as this is currency of the primary economic environment in which the Company operates and is rounded to the nearest pound.

 
2.2

Going concern

The financial statements are prepared on a going concern basis. The Company remains assured of the financial support provided by the parent company. The director has received confirmation that the parent company will continue to support the Company and provide it with adequate funds when necessary to enable it to meet its debts as they fall due for a period of at least twelve months from the date of these financial statements. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.

- 2 -

 
 13695114
31 December 2022
DATAWORDS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 14 MONTHS PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentation 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.
 
All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'administrative expenses'

 
2.4

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
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

Debtors

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

- 3 -

 
 13695114
31 December 2022
DATAWORDS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 14 MONTHS PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

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, an impairment loss is recognised in the Income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's 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 cost less impairment, the impairment loss is measured as the difference between an 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 reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including the director, during the period was 2.


4.


Debtors

2022
£


Prepayments and accrued income
4,461

4,461


- 4 -

 
 13695114
31 December 2022
DATAWORDS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 14 MONTHS PERIOD ENDED 31 DECEMBER 2022

5.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
184

Amounts owed to group undertakings
21,914

Other taxation and social security
18,199

Accruals and deferred income
27,661

67,958


Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

- 5 -

 
 13695114
31 December 2022
DATAWORDS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 14 MONTHS PERIOD ENDED 31 DECEMBER 2022

6.


Share capital

2022
£
Allotted, called up and fully paid


10,000 ordinary shares of £1 each
10,000


On 21 October 2021, the company issued 10,000 shares with a par value of £1.
The Company has one class of ordinary shares; the shares have attached to them full voting, dividend and capital distribution (including on winding up) rights; they do not confer any rights of redemption.


7.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. £nil is outstanding at the year end.


8.


Related party transactions

The Company is exempt from disclosing related party transactions undertaken with other wholly owned members of the group that have been concluded under normal market conditions.


9.


Post balance sheet events

There have been no significant events affecting the Company since the period end.


10.


Controlling party

The immediate parent company is Kibo 3.0, a company incorporated in France. The address of its registered office is 66 rue de Villiers, 92300, Levallois-Perret, France.
The ultimate controlling party is considered to be Kibo 4.0, a company incorporated in France. The address of its registered office is 66 rue de Villiers, 92300, Levallois-Perret,France.


11.


Auditor's information

The auditor's report on the financial statements for the 14 months period ended 31 December 2022 was unqualified.

The audit report was signed on 9 November 2023 by Alex Eagle (Senior statutory auditor) on behalf of Warrener Stewart.

- 6 -