Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30true2022-04-05falseNo description of principal activity5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14025200 2022-04-04 14025200 2022-04-05 2023-04-30 14025200 2021-04-05 2022-04-04 14025200 2023-04-30 14025200 c:Director3 2022-04-05 2023-04-30 14025200 d:CurrentFinancialInstruments 2023-04-30 14025200 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14025200 d:ShareCapital 2023-04-30 14025200 d:RetainedEarningsAccumulatedLosses 2023-04-30 14025200 c:OrdinaryShareClass1 2022-04-05 2023-04-30 14025200 c:OrdinaryShareClass1 2023-04-30 14025200 c:FRS102 2022-04-05 2023-04-30 14025200 c:AuditExempt-NoAccountantsReport 2022-04-05 2023-04-30 14025200 c:FullAccounts 2022-04-05 2023-04-30 14025200 c:PrivateLimitedCompanyLtd 2022-04-05 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14025200









MY FANA EUROPE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2023

 
MY FANA EUROPE LTD
REGISTERED NUMBER: 14025200

BALANCE SHEET
AS AT 30 APRIL 2023

2023
Note
£

  

Current assets
  

Cash at bank and in hand
 4 
443

  
443

Creditors: amounts falling due within one year
 5 
(127,710)

Net current liabilities
  
 
 
(127,267)

Total assets less current liabilities
  
(127,267)

  

Net liabilities
  
(127,267)


Capital and reserves
  

Called up share capital 
 6 
99

Profit and loss account
  
(127,366)

  
(127,267)


Page 1

 
MY FANA EUROPE LTD
REGISTERED NUMBER: 14025200
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 period 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: 




................................................
Y Yan
Director

Date: 4 April 2024

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

Page 2

 
MY FANA EUROPE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

1.


General information

My Fana Europe Ltd is a private company limited by shares. The company is incorporated in England and Wales, and the address of its registered office is Victory House 4f, 99-101 Regent Street, London, W1B 4RS.

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

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

Page 3

 
MY FANA EUROPE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

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

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.

 
2.5

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.

 
2.6

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 period was 5.

Page 4

 
MY FANA EUROPE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

4.


Cash and cash equivalents

2023
£

Cash at bank and in hand
443

443



5.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to group undertakings
121,607

Other taxation and social security
4,903

Accruals and deferred income
1,200

127,710



6.


Share capital

2023
£
Allotted, called up and fully paid


99 Ordinary shares of £1.00 each
99


On incorporation, 99 Ordinary £1 shares were issued at par in order to form the capital base of the company.


7.


Controlling party

The immediate parent company is Fana Holdings Inc, a company incorporated in Delaware, USA.

 
Page 5