Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalsetrue6false2022-06-07false 14156318 2022-06-06 14156318 2022-06-07 2022-12-31 14156318 2021-06-07 2022-06-06 14156318 2022-12-31 14156318 c:Director1 2022-06-07 2022-12-31 14156318 d:ComputerEquipment 2022-06-07 2022-12-31 14156318 d:ComputerEquipment 2022-12-31 14156318 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-07 2022-12-31 14156318 d:CurrentFinancialInstruments 2022-12-31 14156318 d:Non-currentFinancialInstruments 2022-12-31 14156318 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 14156318 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 14156318 d:ShareCapital 2022-12-31 14156318 d:RetainedEarningsAccumulatedLosses 2022-12-31 14156318 c:FRS102 2022-06-07 2022-12-31 14156318 c:AuditExempt-NoAccountantsReport 2022-06-07 2022-12-31 14156318 c:FullAccounts 2022-06-07 2022-12-31 14156318 c:PrivateLimitedCompanyLtd 2022-06-07 2022-12-31 14156318 e:PoundSterling 2022-06-07 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 14156318









SCALEUP FINANCE UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
SCALEUP FINANCE UK LIMITED
REGISTERED NUMBER: 14156318

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
Note
£

Fixed assets
  

Tangible assets
  
20,822

  
20,822

Current assets
  

Debtors: amounts falling due within one year
 5 
59,574

Cash at bank and in hand
 6 
187,156

  
246,730

Creditors: amounts falling due within one year
 7 
(71,613)

Net current assets
  
 
 
175,117

Total assets less current liabilities
  
195,939

Creditors: amounts falling due after more than one year
 8 
(442,090)

  

Net (liabilities)/assets
  
(246,151)


Capital and reserves
  

Called up share capital 
  
1,000

Profit and loss account
  
(247,151)

  
(246,151)


Page 1

 
SCALEUP FINANCE UK LIMITED
REGISTERED NUMBER: 14156318
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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: 




A S Wulff
Director

Date: 4 April 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SCALEUP FINANCE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Scaleup Finance UK Ltd is a private company limited by shares and incorporated in England and Wales (registered number 14156318). The registered office is 7th Floor 19-21 Great Tower Street, London, EC3R 5AQ.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

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

 
SCALEUP FINANCE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

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

 
2.7

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.

Page 4

 
SCALEUP FINANCE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, SELECT OR ENTER METHOD.

Depreciation is provided on the following basis:

Computer equipment
-

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 5

 
SCALEUP FINANCE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

3.


Employees

Period ended
31 December
2022
£

Wages and salaries
160,884

Social security costs
20,549

Cost of defined contribution scheme
2,315

183,748


The average monthly number of employees, including directors, during the period was 6.


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
22,635



At 31 December 2022

22,635



Depreciation


Charge for the period on owned assets
1,813



At 31 December 2022

1,813



Net book value



At 31 December 2022
20,822


5.


Debtors

2022
£


Trade debtors
7,500

Other debtors
30,183

Prepayments and accrued income
21,891
Page 6

 
SCALEUP FINANCE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

5.Debtors (continued)


59,574



6.


Cash and cash equivalents

2022
£

Cash at bank and in hand
187,156

Less: bank overdrafts
(206)

186,950



7.


Creditors: Amounts falling due within one year

2022
£

Bank overdrafts
206

Trade creditors
43,964

Other taxation and social security
21,621

Other creditors
1,738

Accruals and deferred income
4,084

71,613



8.


Creditors: Amounts falling due after more than one year

2022
£

Amounts owed to group undertakings
442,090

442,090



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £2,315. Contributions totalling £1,738  were payable to the fund at the reporting date and are included in creditors.

 
Page 7