Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falseNo description of principal activity119falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09617838 2022-07-01 2023-06-30 09617838 2021-07-01 2022-06-30 09617838 2023-06-30 09617838 2022-06-30 09617838 c:Director1 2022-07-01 2023-06-30 09617838 d:OfficeEquipment 2022-07-01 2023-06-30 09617838 d:OfficeEquipment 2023-06-30 09617838 d:OfficeEquipment 2022-06-30 09617838 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09617838 d:ComputerEquipment 2022-07-01 2023-06-30 09617838 d:ComputerEquipment 2023-06-30 09617838 d:ComputerEquipment 2022-06-30 09617838 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09617838 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09617838 d:CurrentFinancialInstruments 2023-06-30 09617838 d:CurrentFinancialInstruments 2022-06-30 09617838 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09617838 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09617838 d:ShareCapital 2023-06-30 09617838 d:ShareCapital 2022-06-30 09617838 d:RetainedEarningsAccumulatedLosses 2023-06-30 09617838 d:RetainedEarningsAccumulatedLosses 2022-06-30 09617838 c:OrdinaryShareClass1 2022-07-01 2023-06-30 09617838 c:OrdinaryShareClass1 2023-06-30 09617838 c:OrdinaryShareClass2 2022-07-01 2023-06-30 09617838 c:OrdinaryShareClass2 2023-06-30 09617838 c:OrdinaryShareClass2 2022-06-30 09617838 c:OrdinaryShareClass3 2022-07-01 2023-06-30 09617838 c:OrdinaryShareClass3 2023-06-30 09617838 c:FRS102 2022-07-01 2023-06-30 09617838 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09617838 c:FullAccounts 2022-07-01 2023-06-30 09617838 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09617838 2 2022-07-01 2023-06-30 09617838 6 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09617838









MORRAMA LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
MORRAMA LTD
REGISTERED NUMBER: 09617838

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
15,611
16,032

Investments
  
38,885
-

  
54,496
16,032

Current assets
  

Debtors: amounts falling due within one year
 5 
198,757
164,409

Cash at bank and in hand
 6 
153,503
239,435

  
352,260
403,844

Creditors: amounts falling due within one year
 7 
(190,440)
(205,082)

Net current assets
  
 
 
161,820
 
 
198,762

Total assets less current liabilities
  
216,316
214,794

  

Net assets
  
216,316
214,794


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
216,216
214,694

  
216,316
214,794


Page 1

 
MORRAMA LTD
REGISTERED NUMBER: 09617838
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges her 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: 




J Barnard
Director

Date: 1 March 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MORRAMA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Morrama Ltd is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales (Registered number 09617838). The company's registered office address is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
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

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

 
MORRAMA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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%
reducing balance basis
Computer equipment
-
25%
reducing balance basis

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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

 
MORRAMA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 5

 
MORRAMA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.14

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.


3.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2022
4,997
28,552
33,549


Additions
1,521
2,826
4,347



At 30 June 2023

6,518
31,378
37,896



Depreciation


At 1 July 2022
1,492
16,025
17,517


Charge for the year on owned assets
989
3,779
4,768



At 30 June 2023

2,481
19,804
22,285



Net book value



At 30 June 2023
4,037
11,574
15,611



At 30 June 2022
3,505
12,527
16,032

Page 6

 
MORRAMA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


Additions
38,885



At 30 June 2023
38,885





5.


Debtors

2023
2022
£
£


Trade debtors
147,447
119,179

Other debtors
13,345
11,312

Prepayments and accrued income
37,965
33,918

198,757
164,409



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
153,502
239,435

153,502
239,435



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
19,052
11,703

Corporation tax
16,004
32,406

Other taxation and social security
18,675
26,198

Other creditors
107,180
110,585

Accruals and deferred income
29,529
24,190

190,440
205,082


Page 7

 
MORRAMA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



87,900 A Ordinary shares of £0.001 each
88
50
7,100 (2022 - 7,100) B Ordinary shares of £0.001 each
7
7
5,000 C Ordinary shares of £0.001 each
5
43

100

100

During the year, the A Ordinary, B Ordinary and C Ordinary shares were subdivided from £0.1 shares into £0.001 shares.


 
Page 8