Caseware UK (AP4) 2023.0.135 2023.0.135 The principal activity of the company is MVNO (Mobile Virtual Network Opeartor).false2022-11-01false47truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11637217 2022-11-01 2023-10-31 11637217 2021-11-01 2022-10-31 11637217 2023-10-31 11637217 2022-10-31 11637217 2021-11-01 11637217 c:Director5 2022-11-01 2023-10-31 11637217 d:OfficeEquipment 2022-11-01 2023-10-31 11637217 d:OfficeEquipment 2023-10-31 11637217 d:OfficeEquipment 2022-10-31 11637217 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 11637217 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-11-01 2023-10-31 11637217 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-10-31 11637217 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-10-31 11637217 d:ComputerSoftware 2023-10-31 11637217 d:ComputerSoftware 2022-10-31 11637217 d:OtherResidualIntangibleAssets 2022-11-01 2023-10-31 11637217 d:CurrentFinancialInstruments 2023-10-31 11637217 d:CurrentFinancialInstruments 2022-10-31 11637217 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11637217 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11637217 d:ShareCapital 2022-11-01 2023-10-31 11637217 d:ShareCapital 2023-10-31 11637217 d:ShareCapital 2021-11-01 2022-10-31 11637217 d:ShareCapital 2022-10-31 11637217 d:ShareCapital 2021-11-01 11637217 d:SharePremium 2022-11-01 2023-10-31 11637217 d:SharePremium 2023-10-31 11637217 d:SharePremium 2021-11-01 2022-10-31 11637217 d:SharePremium 2022-10-31 11637217 d:SharePremium 2021-11-01 11637217 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 11637217 d:RetainedEarningsAccumulatedLosses 2023-10-31 11637217 d:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 11637217 d:RetainedEarningsAccumulatedLosses 2022-10-31 11637217 d:RetainedEarningsAccumulatedLosses 2021-11-01 11637217 c:OrdinaryShareClass1 2022-11-01 2023-10-31 11637217 c:OrdinaryShareClass1 2023-10-31 11637217 c:OrdinaryShareClass1 2022-10-31 11637217 c:OrdinaryShareClass2 2022-11-01 2023-10-31 11637217 c:OrdinaryShareClass2 2023-10-31 11637217 c:OrdinaryShareClass2 2022-10-31 11637217 c:FRS102 2022-11-01 2023-10-31 11637217 c:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 11637217 c:FullAccounts 2022-11-01 2023-10-31 11637217 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11637217 2 2022-11-01 2023-10-31 11637217 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2022-11-01 2023-10-31 11637217 d:ComputerSoftware d:OwnedIntangibleAssets 2022-11-01 2023-10-31 11637217 e:PoundSterling 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11637217










To The Moon Mobile Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 October 2023

 
To The Moon Mobile Ltd
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of To The Moon Mobile Ltd for the Year Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of To The Moon Mobile Ltd for the year ended 31 October 2023 which comprise  the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of To The Moon Mobile Ltd, as a body, in accordance with the terms of our engagement letter dated 17 July 2023Our work has been undertaken solely to prepare for your approval the financial statements of To The Moon Mobile Ltd and state those matters that we have agreed to state to the Board of Directors of To The Moon Mobile Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than To The Moon Mobile Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that To The Moon Mobile Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of To The Moon Mobile Ltd. You consider that To The Moon Mobile Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of To The Moon Mobile Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Plus X Innovation Hub
Lewes Road
Brighton
East Sussex
BN2 4GL
26 July 2024
Page 1

 
To The Moon Mobile Ltd
Registered number: 11637217

Balance Sheet
As at 31 October 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
905,339
1,174,024

Tangible assets
 5 
654
6,033

  
905,993
1,180,057

Current assets
  

Debtors: amounts falling due within one year
 6 
277,760
520,824

Cash at bank and in hand
  
2,844
48,874

  
280,604
569,698

Creditors: amounts falling due within one year
 7 
(1,012,170)
(675,041)

Net current liabilities
  
 
 
(731,566)
 
 
(105,343)

Total assets less current liabilities
  
174,427
1,074,714

  

Net assets
  
174,427
1,074,714


Capital and reserves
  

Called up share capital 
 8 
2,896
2,896

Share premium account
  
4,539,975
4,539,975

Profit and loss account
  
(4,368,444)
(3,468,157)

  
174,427
1,074,714


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 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 profit and loss account 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: 




................................................
A Shafir
Director
Date: 26 July 2024

Page 2

 
To The Moon Mobile Ltd
Registered number: 11637217

Balance Sheet (continued)
As at 31 October 2023

The notes on pages 5 to 11 form part of these financial statements.

Page 3

 
To The Moon Mobile Ltd
 

Statement of Changes in Equity
For the Year Ended 31 October 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 November 2021
2,896
4,539,975
(2,497,747)
2,045,124


Comprehensive income for the year

Loss for the year
-
-
(970,410)
(970,410)
Total comprehensive income for the year
-
-
(970,410)
(970,410)



At 1 November 2022
2,896
4,539,975
(3,468,157)
1,074,714


Comprehensive income for the year

Loss for the year
-
-
(900,287)
(900,287)
Total comprehensive income for the year
-
-
(900,287)
(900,287)


At 31 October 2023
2,896
4,539,975
(4,368,444)
174,427


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
To The Moon Mobile Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 October 2023

1.


General information

To The Moon Mobile Limited is a private company limited by shares incorporated in England and Wales. The registered office is: 71-75 Shelton Street, London, England, WC2H 9JQ.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The going concern basis is considered to be appropriate as the company is dependent upon the
support of its director and parent company. They have indicated that their support will continue for the foreseeable future. If this assumption proves to be inappropriate, then adjustments may have to be made to adjust the value of their assets to their recoverable amount, to provide for any futher liabilities which might arise and reclassify fixed assets as current assets.

 
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

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Trademarks
-
10
years
Development costs
-
5
years

Page 5

 
To The Moon Mobile Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 October 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. 

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:

Office equipment
-
3 years straight line

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.

 
2.6

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

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.

 
2.8

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.

Page 6

 
To The Moon Mobile Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 October 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.

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 Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.10

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.

 
2.11

Interest income

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

 
2.12

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic life.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 7

 
To The Moon Mobile Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 October 2023

2.Accounting policies (continued)

 
2.13

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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.


Employees

2023
2022
£
£

Wages and salaries
248,656
287,897

Social security costs
31,181
58,813

Cost of defined contribution scheme
619
520

280,456
347,230


The average monthly number of employees, including directors, during the year was 4 (2022 - 7).

Page 8

 
To The Moon Mobile Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 October 2023

4.


Intangible assets




Trademarks
Development costs
Total

£
£
£



Cost


At 1 November 2022
3,517
1,341,665
1,345,182



At 31 October 2023

3,517
1,341,665
1,345,182



Amortisation


At 1 November 2022
672
170,486
171,158


Charge for the year on owned assets
352
268,333
268,685



At 31 October 2023

1,024
438,819
439,843



Net book value



At 31 October 2023
2,493
902,846
905,339



At 31 October 2022
2,845
1,171,179
1,174,024



Page 9

 
To The Moon Mobile Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 October 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 November 2022
18,176



At 31 October 2023

18,176



Depreciation


At 1 November 2022
12,143


Charge for the year on owned assets
5,379



At 31 October 2023

17,522



Net book value



At 31 October 2023
654



At 31 October 2022
6,033


6.


Debtors

2023
2022
£
£


Other debtors
70,491
63,063

Prepayments and accrued income
90,164
109,711

Tax recoverable
117,105
348,050

277,760
520,824



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
767,767
212,276

Trade creditors
186,627
253,620

Other taxation and social security
46,773
110,168

Other creditors
11,003
98,977

1,012,170
675,041


Page 10

 
To The Moon Mobile Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 October 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2,895 (2022 - 2,895) Ordinary shares of £1 each
2,895
2,895
1 (2022 - 1) Deferred share of £1
1
1

2,896

2,896



9.


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 £619 (2022 - £520). Contributions totalling £182 (2022 - £1,387 payable) were receivable from the fund at the balance sheet date and are included in debtors.


10.


Parent and ultimate parent undertaking

The company's immediate parent is DAR VB 49 Limited, incorporated in England and Wales.
The ultimate controlling party is A Utemuratov.


Page 11