Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01falseNo description of principal activity76truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09341178 2022-01-01 2022-12-31 09341178 2021-01-01 2021-12-31 09341178 2022-12-31 09341178 2021-12-31 09341178 1 2022-01-01 2022-12-31 09341178 d:CompanySecretary1 2022-01-01 2022-12-31 09341178 d:Director1 2022-01-01 2022-12-31 09341178 d:RegisteredOffice 2022-01-01 2022-12-31 09341178 c:ComputerEquipment 2022-01-01 2022-12-31 09341178 c:ComputerEquipment 2022-12-31 09341178 c:ComputerEquipment 2021-12-31 09341178 c:ComputerEquipment c:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 09341178 c:CurrentFinancialInstruments 2022-12-31 09341178 c:CurrentFinancialInstruments 2021-12-31 09341178 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 09341178 c:CurrentFinancialInstruments c:WithinOneYear 2021-12-31 09341178 c:ShareCapital 2022-12-31 09341178 c:ShareCapital 2021-12-31 09341178 c:CapitalRedemptionReserve 2022-12-31 09341178 c:CapitalRedemptionReserve 2021-12-31 09341178 c:RetainedEarningsAccumulatedLosses 2022-12-31 09341178 c:RetainedEarningsAccumulatedLosses 2021-12-31 09341178 d:FRS102 2022-01-01 2022-12-31 09341178 d:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 09341178 d:FullAccounts 2022-01-01 2022-12-31 09341178 d:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure
Registered number: 09341178 (England and Wales)














LIQUIDITYBOOK UK LTD
UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022


 
LIQUIDITYBOOK UK LTD
 

 
COMPANY INFORMATION


Director
K Samuel 




Company secretary
ZEDRA CoSec (UK) Limited



Registered number
09341178



Registered office
New Penderel House
4th Floor

283-288 High Holborn

London

England

WC1V 7HP




Accountants
ZEDRA Corporate Reporting Services (UK) Limited






 
LIQUIDITYBOOK UK LTD
 


CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 6



 
LIQUIDITYBOOK UK LTD
REGISTERED NUMBER:09341178


BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible fixed assets
  
4,545
7,130

  
4,545
7,130

Current assets
  

Debtors: amounts falling due within one year
 4 
259,205
170,354

Bank and cash balances
  
34,543
43,129

  
293,748
213,483

Creditors: amounts falling due within one year
 5 
(133,618)
(107,068)

Net current assets
  
 
 
160,130
 
 
106,415

Total assets less current liabilities
  
164,675
113,545

  

Net assets
  
164,675
113,545

Page 1


 
LIQUIDITYBOOK UK LTD
REGISTERED NUMBER:09341178

    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Capital and reserves
  

Called up share capital 
  
1
1

Capital contribution reserve
 6 
25,531
17,536

Profit and loss account
  
139,143
96,008

  
164,675
113,545


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 year 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: 

K Samuel
Director

Date: 29 November 2023

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

Page 2


 
LIQUIDITYBOOK UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

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 following principal accounting policies have been applied:

 
1.2

Going concern

Liquiditybook UK Ltd has received written confirmation from its parent company, Liquid Holdings, LLC, 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

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover is recognised on a cost plus 6% 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 turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the intercompany service agreement;
the costs incurred under the intercompany service agreement can be measured reliably.

 
1.4

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.

 
1.5

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.

Page 3


 
LIQUIDITYBOOK UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.Accounting policies (continued)


1.5
Tangible fixed assets (continued)

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.

The estimated useful lives range as follows:

Computer equipment
-
44
months

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.

 
1.6

Debtors

Short term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

 
1.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
1.8

Creditors

Short term creditors are measured at the transaction price and subsequently at amortised cost.

 
1.9

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 4


 
LIQUIDITYBOOK UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.Accounting policies (continued)

 
1.10

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.


2.


Employees

The average monthly number of employees during the year was 7 (2021 - 6).


3.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2022
14,930



At 31 December 2022

14,930



Depreciation


At 1 January 2022
7,800


Charge for the year on owned assets
2,585



At 31 December 2022

10,385



Net book value



At 31 December 2022
4,545



At 31 December 2021
7,130

Page 5


 
LIQUIDITYBOOK UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
256,132
159,743

Other debtors
2,131
10,546

Prepayments and accrued income
942
65

259,205
170,354



5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
12,078
2,083

Corporation tax
12,726
9,252

Other taxation and social security
60,572
22,727

Accruals and deferred income
48,242
73,006

133,618
107,068



6.


Capital contribution reserve

Certain employees of the Company along with other group employees have been granted options over the shares in Liquid Holdings, LLC, the Company's ultimate parent company. The options are granted at an independently determined fair value and 25% of the options are exercisable one year after the date of grant and then monthly for each of the three years thereafter. The options expire ten years after the date of grant and the employees are required to be an employee of the Company at the date they exercise any options. 
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. 


7.


Controlling party

Liquid Holdings, LLC is the 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 111 River Street, Suite 1204, Hoboken, NJ 07030, USA.


8.


Post balance sheet events

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

 
Page 6