Caseware UK (AP4) 2023.0.135 2023.0.135 true2023-01-01falseOther business support service activities not elsewhere classified44false 11575506 2023-01-01 2023-12-31 11575506 2023-12-31 11575506 2022-12-31 11575506 2023-01-01 2023-12-31 11575506 2022-01-01 2022-12-31 11575506 2023-12-31 11575506 2022-12-31 11575506 2022-01-01 11575506 c:Director4 2023-01-01 2023-12-31 11575506 d:OfficeEquipment 2023-01-01 2023-12-31 11575506 d:OfficeEquipment 2023-12-31 11575506 d:OfficeEquipment 2022-12-31 11575506 d:CurrentFinancialInstruments 2023-12-31 11575506 d:CurrentFinancialInstruments 2022-12-31 11575506 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11575506 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11575506 d:ShareCapital 2023-01-01 2023-12-31 11575506 d:ShareCapital 2023-12-31 11575506 d:ShareCapital 2022-01-01 2022-12-31 11575506 d:ShareCapital 2022-12-31 11575506 d:ShareCapital 2022-01-01 11575506 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11575506 d:RetainedEarningsAccumulatedLosses 2023-12-31 11575506 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 11575506 d:RetainedEarningsAccumulatedLosses 2022-12-31 11575506 d:RetainedEarningsAccumulatedLosses 2022-01-01 11575506 c:FRS102 2023-01-01 2023-12-31 11575506 c:Audited 2023-01-01 2023-12-31 11575506 c:FullAccounts 2023-01-01 2023-12-31 11575506 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11575506 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11575506 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11575506









Apogon Ltd.









Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2023

 
Apogon Ltd.
Registered number: 11575506

Statement of financial position
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
2,466

  
-
2,466

Current assets
  

Debtors: amounts falling due within one year
 5 
52,486
590,780

Cash at bank and in hand
 6 
445,787
1,266,476

  
498,273
1,857,256

Creditors: amounts falling due within one year
 7 
(224,288)
(1,009,379)

Net current assets
  
 
 
273,985
 
 
847,877

Total assets less current liabilities
  
273,985
850,343

  

Net assets
  
273,985
850,343


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
273,984
850,342

  
273,985
850,343


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: 


................................................
Raffaella Chiara Gianfilippi De Parenti
Director

Date: 11 March 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 1

 
Apogon Ltd.
 

Statement of changes in equity
For the Year Ended 31 December 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
1
704,712
704,713


Comprehensive income for the year

Profit for the year

-
857,630
857,630


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
857,630
857,630


Contributions by and distributions to owners

Dividends: Equity capital
-
(712,000)
(712,000)


Total transactions with owners
-
(712,000)
(712,000)



At 1 January 2023
1
850,342
850,343


Comprehensive income for the year

Profit for the year

-
573,642
573,642


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
573,642
573,642


Contributions by and distributions to owners

Dividends: Equity capital
-
(1,150,000)
(1,150,000)


Total transactions with owners
-
(1,150,000)
(1,150,000)


At 31 December 2023
1
273,984
273,985


The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
Apogon Ltd.
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

1.


General information

Apogon Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, 33 Newman Street, London, England, W1T 1PY.

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 following principal accounting policies have been applied:

 
2.2

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
Apogon Ltd.
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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 reporting date in the countries where the Company operates and generates income.

Page 4

 
Apogon Ltd.
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.7

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:


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.

 
2.8

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 reporting 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 reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Financial instruments

Page 5

 
Apogon Ltd.
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.13

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 year was 4 (2022 - 4).

Page 6

 
Apogon Ltd.
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

4.


Tangible fixed assets





Office equipment

£





At 1 January 2023
3,443


Disposals
(3,443)



At 31 December 2023

-





At 1 January 2023
977


Disposals
(977)



At 31 December 2023

-



Net book value



At 31 December 2023
-

Page 7

 
Apogon Ltd.
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

5.


Debtors

2023
2022
£
£


Trade debtors
20,265
129,513

Amounts owed by group undertakings
28,949
417,096

Other debtors
3,272
8,541

Prepayments and accrued income
-
35,630

52,486
590,780



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
445,787
1,266,476

445,787
1,266,476



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
17,812
80,546

Amounts owed to group undertakings
-
712,000

Corporation tax
176,128
194,960

Other taxation and social security
-
4,033

Other creditors
-
987

Accruals and deferred income
30,348
16,853

224,288
1,009,379



8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,981 (2022: £3,068). Contributions totaling £nil (2022: £987) were payable to the fund at balance sheet date.

Page 8

 
Apogon Ltd.
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

9.


Related party transactions

The Company has taken advantage of exemption available under Sec 33 of Financial Reporting Standard (FRS 102) 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with companies within the group (wholly owned by the parent) that are eliminated on consolidation.
During the year, the Company paid £19,023 (2022:£12,107) for accounting and consulting services to a Company owned and controlled by one of the directors of the Company.
During the year, the directors charged fees totaling £19,670 (2022: £16,326) to the Company. 


10.


Controlling party

The  parent company is Strasshill Holdings Limited, a company registered in Cyprus and has its  registered office address at 75 Prodromou Avenue, Oneworld Parkview House, 4th Floor, 2063 Nicosia, Cyprus. The parent company prepares consolidated accounts and copy of group accounts is available  from its registered office. 
In the opinion of directors, there is no ultimate controlling party.


11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 11 March 2024 by Janak  Raj Pokhrel (Senior statutory auditor) on behalf of Mantax Lynton.

 
Page 9