Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31false2022-02-15No description of principal activity90falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13916266 2022-02-14 13916266 2022-02-15 2023-01-31 13916266 2021-01-01 2022-02-14 13916266 2023-01-31 13916266 2 2022-02-15 2023-01-31 13916266 1 2022-02-15 2023-01-31 13916266 e:CompanySecretary1 2022-02-15 2023-01-31 13916266 e:Director1 2022-02-15 2023-01-31 13916266 e:RegisteredOffice 2022-02-15 2023-01-31 13916266 d:ComputerEquipment 2022-02-15 2023-01-31 13916266 d:ComputerEquipment 2023-01-31 13916266 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-02-15 2023-01-31 13916266 d:CurrentFinancialInstruments 2023-01-31 13916266 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13916266 d:ShareCapital 2022-02-15 2023-01-31 13916266 d:ShareCapital 2023-01-31 13916266 d:CapitalRedemptionReserve 2022-02-15 2023-01-31 13916266 d:CapitalRedemptionReserve 2023-01-31 13916266 d:CapitalRedemptionReserve 2 2022-02-15 2023-01-31 13916266 d:RetainedEarningsAccumulatedLosses 2022-02-15 2023-01-31 13916266 d:RetainedEarningsAccumulatedLosses 2023-01-31 13916266 d:RetainedEarningsAccumulatedLosses 2 2022-02-15 2023-01-31 13916266 e:FRS102 2022-02-15 2023-01-31 13916266 e:Audited 2022-02-15 2023-01-31 13916266 e:FullAccounts 2022-02-15 2023-01-31 13916266 e:PrivateLimitedCompanyLtd 2022-02-15 2023-01-31 13916266 e:SmallCompaniesRegimeForAccounts 2022-02-15 2023-01-31 13916266 2 2022-02-15 2023-01-31 iso4217:GBP xbrli:pure
Registered number: 13916266 (England and Wales)














APOLLO GRAPH UK, LTD

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2023


 
APOLLO GRAPH UK, LTD
 

 
COMPANY INFORMATION


 Director
G R Schmidt 




 Company secretary
OHS Secreteries Limited



 Registered number
13916266



 Registered office
9th Floor
107 Cheapside

London

United Kingdom

EC2V 6DN




 Independent auditors
ZEDRA Corporate Reporting Services (UK) Limited






 
APOLLO GRAPH UK, LTD
 


CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 8



 
APOLLO GRAPH UK, LTD
REGISTERED NUMBER:13916266


BALANCE SHEET
AS AT 31 JANUARY 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
37,462

  
37,462

Current assets
  

Debtors: amounts falling due within one year
 5 
51,839

Cash at bank and in hand
  
1,300,289

  
1,352,128

Creditors: amounts falling due within one year
 6 
(1,209,650)

Net current assets
  
 
 
142,478

Total assets less current liabilities
  
179,940

  

Net assets
  
179,940

Page 1


 
APOLLO GRAPH UK, LTD
REGISTERED NUMBER:13916266

    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

2023
Note
£

Capital and reserves
  

Called up share capital 
  
100

Capital contribution reserve
 7 
117,766

Profit and loss account
  
62,074

  
179,940


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: 


G R Schmidt
Director

Date: 31 January 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2


 
APOLLO GRAPH UK, LTD
 


STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JANUARY 2023


Called up share capital
Capital contribution reserve
Profit and loss account
Total equity

£
£
£
£


Comprehensive income for the period

Profit for the period

-
-
62,074
62,074

Shares issued during the period
100
-
-
100

Share based payment expense
-
117,766
-
117,766


At 31 January 2023
100
117,766
62,074
179,940

Page 3


 
APOLLO GRAPH UK, LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

1.Accounting policies

 
1.1

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 Company was incorporated on 15 February 2022 and commenced trading in March 2022. This is the first set of financial statements for the Company.

The following principal accounting policies have been applied:

 
1.2

Going concern

The Company is in a net asset position of £178,171 at the end of the period ended 31 January 2023. Despite being in a net asset position, the entity remains reliant on continued support from its parent company, Apollo Graph, Inc. The directors have assessed the expected future cash requirements of the Company in conjunction with the forecasts of the parent company, for at least 12 months from the date of signing these financial statements, and have concluded that the required support remains available to the Company.
The company has received written confirmation from its parent company that it will continue to
provide financial support for a period of at least 12 months from the date of signing these financial
statements. For this reason, the director continues to adopt the going concern basis in preparing the
financial statements.

 
1.3

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.

Page 4


 
APOLLO GRAPH UK, LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

1.Accounting policies (continued)

 
1.4

Turnover

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

Turnover is recognised on a cost plus 5% basis, in line with the intercompany service agreement with the parent company. Intercompany turnover is recognised 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 costs incurred and the costs to complete the contract can be measured reliably.

 
1.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.6

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.7

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

Page 5


 
APOLLO GRAPH UK, LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

1.Accounting policies (continued)

 
1.8

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 balance sheet date in the countries where the Company operates and generates income.

 
1.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.10

Debtors

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

 
1.11

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. 

 
1.12

Creditors

Short term creditors are measured at the transaction price. Amounts owed to group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

Page 6


 
APOLLO GRAPH UK, LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

2.


Auditors' information

The auditors' report on the financial statements for the period ended 31 January 2023 was unqualified.

The audit report was signed on 31 January 2024 by Nick Whitehead FCCA (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited.


3.


Employees

The average monthly number of employees, including directors, during the period was 9.


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
42,838



At 31 January 2023

42,838



Depreciation


Charge for the period on owned assets
5,376



At 31 January 2023

5,376



Net book value



At 31 January 2023
37,462


5.


Debtors

2023
£


Prepayments and accrued income
35,996

Tax recoverable
15,843

51,839


Page 7


 
APOLLO GRAPH UK, LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
36,602

Amounts owed to group undertakings
751,297

Corporation tax
54,445

Other taxation and social security
161,982

Accruals and deferred income
205,324

1,209,650



7.


Reserves

Capital contribution reserve

Certain employees of the company have been granted share options in the parent company, Apollo Graph, Inc.. The options are granted at an independently determined fair value.
The options vest over a four year period, with 25% vesting after one year and then monthly thereafter. An expense equivalent to the fair value of the share options granted is recognised evenly over the vesting period with a corresponding amount being recognised in the capital contribution reserve.


8.


Controlling party

Apollo Graph, Inc. is a parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 44 Tehama Street, Suite 402, San Francisco, CA 94105s.


9.


Post balance sheet events

There were no adjusting or non adjusting events occuring between the end of the reporting period and the date these financial statements were approved.

 
Page 8