Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-313true3false2022-08-01trueNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13539756 2022-08-01 2023-07-31 13539756 2021-07-30 2022-07-31 13539756 2023-07-31 13539756 2022-07-31 13539756 c:Director1 2022-08-01 2023-07-31 13539756 d:CurrentFinancialInstruments 2023-07-31 13539756 d:CurrentFinancialInstruments 2022-07-31 13539756 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 13539756 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 13539756 d:ShareCapital 2023-07-31 13539756 d:ShareCapital 2022-07-31 13539756 d:SharePremium 2023-07-31 13539756 d:SharePremium 2022-07-31 13539756 d:RetainedEarningsAccumulatedLosses 2023-07-31 13539756 d:RetainedEarningsAccumulatedLosses 2022-07-31 13539756 c:OrdinaryShareClass1 2022-08-01 2023-07-31 13539756 c:OrdinaryShareClass1 2023-07-31 13539756 c:OrdinaryShareClass1 2022-07-31 13539756 c:FRS102 2022-08-01 2023-07-31 13539756 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 13539756 c:FullAccounts 2022-08-01 2023-07-31 13539756 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 13539756 e:PoundSterling 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13539756










MEDORON LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
MEDORON LIMITED
REGISTERED NUMBER: 13539756

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
12,513
8,419

Cash at bank and in hand
 5 
234
552

  
12,747
8,971

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(6,494)
(15,418)

Net current assets/(liabilities)
  
 
 
6,253
 
 
(6,447)

Total assets less current liabilities
  
6,253
(6,447)

  

Net assets/(liabilities)
  
6,253
(6,447)


Capital and reserves
  

Called up share capital 
 7 
119
117

Share premium account
  
132,701
49,998

Profit and loss account
  
(126,567)
(56,562)

  
6,253
(6,447)


Page 1

 
MEDORON LIMITED
REGISTERED NUMBER: 13539756

BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

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 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: 

Antonios Georgiadis
Director

Date: 28 February 2024

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

Page 2

 
MEDORON LIMITED
 

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

1.


General information

Medoron Limited is a company limited by shares and incorporated in England and Wales. The registered office address is 2 Chawley Park, Cumnor Hill, Oxford, OX2 9GG.

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

Going concern

The Directors have committed to providing sufficient support to the company to enable it to continue for a period of at least twelve months from when the financial statements are signed.

 
2.3

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.

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 Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
MEDORON LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

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.

 
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.


3.


Employees

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

Page 4

 
MEDORON LIMITED
 

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

4.


Debtors

2023
2022
£
£


Other debtors
413
8,419

Prepayments and accrued income
12,100
-

12,513
8,419



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
234
552



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
401
3,318

Other creditors
2,457
9,404

Accruals and deferred income
3,636
2,696

6,494
15,418



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



11,914,085 (2022 - 11,729,000) Ordinary shares of £0.00001 each
119
117


During the year 113,770 ordinary shares were issued at par value and 71,484 shares were issued for the consideration of £82,705, resulting in a share premium of £82,703.


8.


Related party transactions

At the balance sheet date the company owed a director £2,457 (2022: £9,404) included in other creditors. The loan is interest free and repayable on demand.


Page 5