Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-313falsefalse32022-04-01No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10785236 2022-04-01 2023-03-31 10785236 2021-04-01 2022-03-31 10785236 2023-03-31 10785236 2022-03-31 10785236 c:Director1 2022-04-01 2023-03-31 10785236 c:Director2 2022-04-01 2023-03-31 10785236 c:Director3 2022-04-01 2023-03-31 10785236 c:RegisteredOffice 2022-04-01 2023-03-31 10785236 d:CurrentFinancialInstruments 2023-03-31 10785236 d:CurrentFinancialInstruments 2022-03-31 10785236 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10785236 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10785236 d:ShareCapital 2023-03-31 10785236 d:ShareCapital 2022-03-31 10785236 d:RetainedEarningsAccumulatedLosses 2023-03-31 10785236 d:RetainedEarningsAccumulatedLosses 2022-03-31 10785236 c:FRS102 2022-04-01 2023-03-31 10785236 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10785236 c:FullAccounts 2022-04-01 2023-03-31 10785236 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 10785236







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


GENIUS MONEY LIMITED






































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GENIUS MONEY LIMITED
 


 
COMPANY INFORMATION


Directors
A L Edyvane 
D Whitehouse 
S Richardson 




Registered number
10785236



Registered office
4 Old Park Lane
Mayfair

London

W1K 1QW




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


GENIUS MONEY LIMITED
REGISTERED NUMBER:10785236



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
32,167
23,730

Cash at bank and in hand
  
30,369
27,432

  
62,536
51,162

Creditors: amounts falling due within one year
 5 
(28,751)
(31,024)

Net current assets
  
 
 
33,785
 
 
20,138

Total assets less current liabilities
  
33,785
20,138

  

Net assets
  
33,785
20,138

Page 1

 


GENIUS MONEY LIMITED
REGISTERED NUMBER:10785236


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

2023
2022
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
33,685
20,038

  
33,785
20,138


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: 




A L Edyvane
Director

Date: 27 November 2023

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

Page 2

 


GENIUS MONEY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Genius Money Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office 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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.3

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.

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Page 3

 


GENIUS MONEY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.4
Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 


GENIUS MONEY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Debtors

2023
2022
£
£


Trade debtors
1,339
2,125

Other debtors
30,828
15,603

Prepayments and accrued income
-
6,002

32,167
23,730



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
3,201
3,449

Accruals and deferred income
25,550
27,575

28,751
31,024


 
Page 5