Company registration number 12868456 (England and Wales)
DEEPKI UK LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
DEEPKI UK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
DEEPKI UK LTD
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
4
17,275
6,919
Investments
5
9,158,617
-
0
9,175,892
6,919
Current assets
Debtors
6
417,142
68,152
Cash at bank and in hand
462,200
21,382
879,342
89,534
Creditors: amounts falling due within one year
7
(12,467,450)
(470,611)
Net current liabilities
(11,588,108)
(381,077)
Net liabilities
(2,412,216)
(374,158)
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss reserves
(2,413,216)
(375,158)
Total equity
(2,412,216)
(374,158)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 26 October 2023
V. Bryant
Director
Company Registration No. 12868456
DEEPKI UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 2 -
1
Accounting policies
Company information

DEEPKI UK LTD is a private company limited by shares incorporated in England and Wales. The registered office is 23 Copenhagen Street, London, N1 0JB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

DEEPKI UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 3 -
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

DEEPKI UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
20
5
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2022
7,984
Additions
14,832
At 31 December 2022
22,816
Depreciation and impairment
At 1 January 2022
1,065
Depreciation charged in the year
4,476
At 31 December 2022
5,541
Carrying amount
At 31 December 2022
17,275
At 31 December 2021
6,919
5
Fixed asset investments
2022
2021
£
£
Shares in group undertakings and participating interests
9,158,617
-
0
DEEPKI UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
5
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2022
-
Additions
9,158,617
At 31 December 2022
9,158,617
Carrying amount
At 31 December 2022
9,158,617
At 31 December 2021
-
6
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
140,091
30,065
Amounts owed by group undertakings
10,847
-
0
Other debtors
192,945
22,456
Prepayments
57,867
15,631
Accrued income
15,392
-
0
417,142
68,152
7
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
46,513
48
Amounts owed to group undertakings
11,917,590
389,390
Taxation and social security
-
0
34,454
Deferred income
-
0
2,930
Other creditors
2,016
1,526
Accruals
501,331
42,263
12,467,450
470,611
8
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1,000
1,000
1,000
1,000
DEEPKI UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 6 -
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The Senior Statutory Auditor was O. Foucault and the auditor was FC Expertise LTD.
10
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2022
2021
£
£
-
0
45,500
11
Parent company

The parent undertaking of the smallest group of undertakings for which group accounts are drawn up of which

the company is a member is Deepki SAS , incorporated in France which is the company's immediate

parent company . Deepki SAS prepared group financial statements and copies can be obtained from111 Avenue Victor Hugo, 75116 Paris.

The company has taken advantage of the exemption not to disclose transactions entered into by two or

members of a group where a subsidiary that is party to a transaction is wholly owned by such a member . The

company is a wholly owned subsidiary of Deepki SAS , a company incorporated in France

2022-12-312022-01-01false26 October 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityThis audit opinion is unqualifiedV. Bryant128684562022-01-012022-12-31128684562022-12-31128684562021-12-3112868456core:OtherPropertyPlantEquipment2022-12-3112868456core:OtherPropertyPlantEquipment2021-12-3112868456core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3112868456core:CurrentFinancialInstrumentscore:WithinOneYear2021-12-3112868456core:CurrentFinancialInstruments2022-12-3112868456core:CurrentFinancialInstruments2021-12-3112868456core:ShareCapital2022-12-3112868456core:ShareCapital2021-12-3112868456core:RetainedEarningsAccumulatedLosses2022-12-3112868456core:RetainedEarningsAccumulatedLosses2021-12-3112868456bus:Director12022-01-012022-12-3112868456core:ComputerEquipment2022-01-012022-12-31128684562020-09-092021-12-3112868456core:OtherPropertyPlantEquipment2021-12-3112868456core:OtherPropertyPlantEquipment2022-01-012022-12-3112868456core:WithinOneYear2021-12-3112868456bus:PrivateLimitedCompanyLtd2022-01-012022-12-3112868456bus:SmallCompaniesRegimeForAccounts2022-01-012022-12-3112868456bus:FRS1022022-01-012022-12-3112868456bus:Audited2022-01-012022-12-3112868456bus:FullAccounts2022-01-012022-12-31xbrli:purexbrli:sharesiso4217:GBP