Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activity72022-04-01truetruefalse3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09944760 2022-04-01 2023-03-31 09944760 2021-04-01 2022-03-31 09944760 2023-03-31 09944760 2022-03-31 09944760 c:Director1 2022-04-01 2023-03-31 09944760 d:ComputerEquipment 2022-04-01 2023-03-31 09944760 d:ComputerEquipment 2023-03-31 09944760 d:ComputerEquipment 2022-03-31 09944760 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09944760 d:CurrentFinancialInstruments 2023-03-31 09944760 d:CurrentFinancialInstruments 2022-03-31 09944760 d:Non-currentFinancialInstruments 2023-03-31 09944760 d:Non-currentFinancialInstruments 2022-03-31 09944760 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09944760 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09944760 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09944760 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09944760 d:RetainedEarningsAccumulatedLosses 2023-03-31 09944760 d:RetainedEarningsAccumulatedLosses 2022-03-31 09944760 c:FRS102 2022-04-01 2023-03-31 09944760 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09944760 c:FullAccounts 2022-04-01 2023-03-31 09944760 c:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 09944760







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


THE ATHENA FOUNDATION LIMITED
(A Company Limited by Guarantee)






































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THE ATHENA FOUNDATION LIMITED
  
(A Company Limited by Guarantee)
REGISTERED NUMBER:09944760



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,509
2,754

  
2,509
2,754

Current assets
  

Debtors: amounts falling due within one year
 5 
9,362
329

Cash at bank and in hand
  
204,973
7,631

  
214,335
7,960

Creditors: amounts falling due within one year
 6 
(273,970)
(47,730)

Net current liabilities
  
 
 
(59,635)
 
 
(39,770)

Total assets less current liabilities
  
(57,126)
(37,016)

Creditors: amounts falling due after more than one year
  
(20,899)
-

  

Net liabilities
  
(78,025)
(37,016)


Capital and reserves
  

Profit and loss account
  
(78,025)
(37,016)

  
(78,025)
(37,016)


Page 1

 


THE ATHENA FOUNDATION LIMITED
  
(A Company Limited by Guarantee)
REGISTERED NUMBER:09944760


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 year 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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. 7 March 2024.


H M Buchanan
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


THE ATHENA FOUNDATION LIMITED
 
(A Company Limited by Guarantee)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The Athena Foundation Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Midas House First Floor, Goldsworth Road, Woking, England, GU 21 6LQ.

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 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

The directors are confident that the company can continue as a going concern for a period of at least twelve months from the date of approval of these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. The directors confirm their willingness to provide additional support to the company to cover the deficit to enable the company to pay its debt as they fall due.

  
2.3

Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.
Expenses include VAT where applicable as the company cannot reclaim it.

 
2.4

Tangible fixed assets

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are
probable and the cost or value of the asset can be measured reliably.

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

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.

Page 3

 


THE ATHENA FOUNDATION LIMITED
 
(A Company Limited by Guarantee)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
7
3

Page 4

 


THE ATHENA FOUNDATION LIMITED
 
(A Company Limited by Guarantee)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2022
4,771


Additions
1,513



At 31 March 2023

6,284



Depreciation


At 1 April 2022
2,017


Charge for the year on owned assets
1,758



At 31 March 2023

3,775



Net book value



At 31 March 2023
2,509



At 31 March 2022
2,754


5.


Debtors

As restated
2023
2022
£
£


Trade debtors
5,962
-

Other debtors
3,400
329

9,362
329



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
15,112
-

Accruals and deferred income
258,858
47,730

273,970
47,730


Page 5

 


THE ATHENA FOUNDATION LIMITED
 
(A Company Limited by Guarantee)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Accruals and deferred income
20,899
-

20,899
-




8.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


9.


Prior year adjustment

The prior year figures have been restated due to expenses of £9,178 being incorrectly accounted for in other debtors in the prior year. The change has resulted in a decrease in the company's reserves as at 31 March 2022 of £9,178.


10.


Related party transactions

There were no disclosable related party transactions during the period.

 
Page 6