Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-07-12Other information technology service activitiesfalse1falsetruefalse 14227631 2022-07-11 14227631 2022-07-12 2023-07-31 14227631 2023-07-31 14227631 2021-07-12 2022-07-11 14227631 c:Director1 2022-07-12 2023-07-31 14227631 d:OfficeEquipment 2022-07-12 2023-07-31 14227631 d:OfficeEquipment 2023-07-31 14227631 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-12 2023-07-31 14227631 d:CurrentFinancialInstruments 2023-07-31 14227631 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14227631 d:ShareCapital 2023-07-31 14227631 d:RetainedEarningsAccumulatedLosses 2023-07-31 14227631 c:FRS102 2022-07-12 2023-07-31 14227631 c:AuditExempt-NoAccountantsReport 2022-07-12 2023-07-31 14227631 c:FullAccounts 2022-07-12 2023-07-31 14227631 c:PrivateLimitedCompanyLtd 2022-07-12 2023-07-31 14227631 e:PoundSterling 2022-07-12 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 14227631


MINERVA INTELLIGENCE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2023

 
MINERVA INTELLIGENCE LIMITED
REGISTERED NUMBER: 14227631

BALANCE SHEET
AS AT 31 JULY 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
1,622

  
1,622

Current assets
  

Debtors: amounts falling due within one year
 5 
100

Cash at bank and in hand
 6 
117,468

  
117,568

Creditors: amounts falling due within one year
 7 
(72,443)

Net current assets
  
 
 
45,125

Total assets less current liabilities
  
46,747

  

Net assets
  
46,747


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
46,647

  
46,747


Page 1

 
MINERVA INTELLIGENCE LIMITED
REGISTERED NUMBER: 14227631
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

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 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: 



................................................
Robert Milligan
Director
Date: 10 April 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MINERVA INTELLIGENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

Minerva Intelligence Limited is a private limited company by guarantee, incorporated in England and
Wales, registration number 14227631. The address of the registered office is 1 Vincent Square, London, United Kingdom, SW1P 2PN. 

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

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

Pensions

Defined contribution pension plan

The Company contributes to 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.

Page 3

 
MINERVA INTELLIGENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%

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.

 
2.6

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.

 
2.7

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.

 
2.8

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 4

 
MINERVA INTELLIGENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
2,163



At 31 July 2023

2,163



Depreciation


Charge for the period on owned assets
541



At 31 July 2023

541



Net book value



At 31 July 2023
1,622


5.


Debtors

2023
£


Called up share capital not paid
100

100


Page 5

 
MINERVA INTELLIGENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
117,468

117,468



7.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
26,500

Other taxation and social security
10,706

Other creditors
35,237

72,443



8.


Related party transactions

At the balance sheet date, the company owed £35,236 to the director. No repayment terms have been agreed on this loan and no interest was charged on this loan.

 
Page 6