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Registration number: 12106412

Astronomer Data Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2022

 

Astronomer Data Ltd

Contents

Company Information

1

Director's Report

2

Statement of Income and Retained Earnings

3

Statement of Financial Position

4

Notes to the Financial Statements

5 to 9

 

Astronomer Data Ltd

Company Information

Director

M LeBlanc

Registered office

24 Old Queen Street
London
SW1H 9HP

Accountants

Harmer Slater Limited
Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA

 

Astronomer Data Ltd

Director's Report for the Year Ended 31 December 2022

The report and the financial statements for the year ended 31 December 2022.

Principal activity

The principal activity of the company is data processing, hosting and related activities.

Director of the company

The director who held office during the year and up to the date of the authorisation of the financial statements was as follows:
 

R Walker (Resigned 20 May 2022)

M LeBlanc (appointed 20 May 2022)

Going concern

The director has considered the company’s financial position, liquidity and future performance together with the financial projections for the company and have also reviewed the ongoing committed financial support from the company's parent undertaking and is confident that this will be available for the foreseeable future. After making enquiries, the director is satisfied that the company has sufficient resources to continue in operation for the foreseeable future, being at least 12 months from the date of signing the financial statements. Accordingly, he continues to adopt the going concern basis in preparing the company’s financial statements.

Events after the financial period

There have been no significant events between the year end and the date of approval of these financial statements which would require a change to, or disclosure in, the financial statements.

Small companies provision statement

The director has taken advantage of the small companies exemptions provided by sections 414B and 415A of the Companies Act 2006 from the requirement to prepare a strategic report and in preparing the directors’ report on the grounds that the company is entitled to prepare its accounts for the year in accordance with the small companies regime.

Approved and authorised by the director on 6 December 2023
 

.........................................
M LeBlanc
Director

 

Astronomer Data Ltd

Statement of Income and Retained Earnings
for the Year Ended 31 December 2022

2022
$

2021
$

Revenue

1,344,301

609,649

Administrative expenses

(1,280,287)

(580,617)

Operating profit

64,014

29,032

Profit before tax

64,014

29,032

Taxation

-

-

Profit for the financial year

64,014

29,032

Retained earnings brought forward

(278,932)

(307,964)

Retained earnings carried forward

(214,918)

(278,932)

 

Astronomer Data Ltd

(Registration number: 12106412)
Statement of Financial Position as at 31 December 2022

Note

2022
$

2021
$

Non-current assets

 

Property, plant and equipment

5

-

2,356

Current assets

 

Receivables

6

5,490

3,981

Creditors: Amounts falling due within one year

7

(220,407)

(285,268)

Net current liabilities

 

(214,917)

(281,287)

Net liabilities

 

(214,917)

(278,931)

Equity

 

Called up share capital

8

1

1

Retained earnings

(214,918)

(278,932)

Shareholders' deficit

 

(214,917)

(278,931)

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A- small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income statement.

The financial statements of Astronomer Data Ltd were approved and authorised for issue by the director on 6 December 2023
 

.........................................

M LeBlanc
Director

 

Astronomer Data Ltd

Notes to the Financial Statements
for the Year Ended 31 December 2022

1

General information

Astronomer Data Ltd (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1.

2

Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be US Dollar ($) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in US Dollar ($).

Summary of disclosure exemptions

The company meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its separate financial statements. The company is consolidated in the financial statements of its parent, Astronomer, Inc, which may be obtained from 231 West 12th Street, Suite 2E, Cincinnati, OH 45202 United States. Exemptions have been taken in these separate company financial statements in relation to financial instruments, presentation of a cash flow statement, transactions with group entities and remuneration of key management personnel.

Going concern

The director has considered the company’s financial position, liquidity and future performance together with financial projections for the company and has also reviewed the ongoing committed financial support form the company's parent undertaking and is confident that this will be available for the foreseeable future. After making enquiries, the director is satisfied that the company has sufficient resources to continue in operation for the foreseeable future, being at least 12 months from the date of signing the financial statements. Accordingly, he continues to adopt the going concern basis in preparing the company’s financial statements.

 

Astronomer Data Ltd

Notes to the Financial Statements
for the Year Ended 31 December 2022 (continued)

2

Accounting policies (continued)

Critical judgements and key sources of estimation uncertainties

There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.

Revenue recognition

Revenue represents the value of services provided to its parent undertaking, net of value added tax. Revenue is recognised when the company has a contractual right to receive revenue for work undertaken.

Property, plant and equipment

Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

3 years straight line

Plant and machinery

3 years straight line

Receivables

Receivables are recognised initially at the transaction price. They are subsequently measured at
amortised cost using the effective interest method, less provision for impairment. A provision for the
impairment of trade receivables is established when there is objective evidence that the company will
not be able to collect all amounts due according to the original terms of the receivables.

Payables

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Astronomer Data Ltd

Notes to the Financial Statements
for the Year Ended 31 December 2022 (continued)

2

Accounting policies (continued)

Pension

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company. Contributions are recognised in the income statement in the period in which they become payable.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2021 - 2).

4

Taxation

The tax on profit before tax for the year is lower than the standard rate of corporation tax in the UK (2021 - lower than the standard rate of corporation tax in the UK) of 19% (2021 - 19%).

The differences are reconciled below:

2022
$

2021
$

Profit before tax

64,014

29,032

Corporation tax at standard rate

12,163

5,516

Effect of expense not deductible in determining taxable profit (tax loss)

547

-

Decrease from tax losses for which no deferred tax asset was recognised

(12,710)

(5,516)

Total tax charge/(credit)

-

-

The company has unutilised tax losses of $170,565 (2022: $265,784) for which no deferred tax asset has been recognised.

 

Astronomer Data Ltd

Notes to the Financial Statements
for the Year Ended 31 December 2022 (continued)

5

Property, plant and equipment

Computer equipment
$

Plant and machinery
$

Total
$

Cost

At 1 January 2022

7,019

5,096

12,115

At 31 December 2022

7,019

5,096

12,115

Depreciation

At 1 January 2022

5,655

4,104

9,759

Charge for the year

1,364

992

2,356

At 31 December 2022

7,019

5,096

12,115

Carrying amount

At 31 December 2022

-

-

-

At 31 December 2021

1,364

992

2,356

6

Receivables

2022
$

2021
$

Other receivables

5,447

3,981

Prepayments

43

-

 

5,490

3,981

7

Creditors

Creditors: amounts falling due within one year

2022
$

2021
$

Due within one year

Amount owed to the parent undertaking

218,684

283,268

Accruals

1,723

2,000

220,407

285,268

The amount owed to the parent undertaking disclosed as falling within one year is unsecured, payable on demand and is non-interest bearing.

 

Astronomer Data Ltd

Notes to the Financial Statements
for the Year Ended 31 December 2022 (continued)

8

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

$

No.

$

Ordinary shares of £1 each

1

1

1

1

         

The company has one class of share capital which carries no right to fixed income.

Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.

9

Related party transactions

The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of paragraph 1AC.95 of FRS 102- Small Entities not to disclose transactions with entities that are wholly owned members of the group.

There were no other related party transactions to disclose.

10

Parent and ultimate parent undertaking

The company's immediate parent is Astronomer, Inc, incorporated in United States.

These financial statements are available upon request from 231 West 12th Street, Suite 2E, Cincinnati, OH 45202 United States.

11

Events after the financial period

There have been no significant events between the year end and the date of approval of these financial statements which would require a change to, or disclosure in, the financial statements.