Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-08-02falseNo description of principal activity1truefalse 14271085 2022-08-01 14271085 2022-08-02 2023-08-31 14271085 2021-09-01 2022-08-01 14271085 2023-08-31 14271085 c:Director1 2022-08-02 2023-08-31 14271085 d:CurrentFinancialInstruments 2023-08-31 14271085 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 14271085 d:ShareCapital 2023-08-31 14271085 d:RetainedEarningsAccumulatedLosses 2023-08-31 14271085 c:OrdinaryShareClass1 2022-08-02 2023-08-31 14271085 c:OrdinaryShareClass1 2023-08-31 14271085 c:OrdinaryShareClass2 2022-08-02 2023-08-31 14271085 c:OrdinaryShareClass2 2023-08-31 14271085 c:OrdinaryShareClass3 2022-08-02 2023-08-31 14271085 c:OrdinaryShareClass3 2023-08-31 14271085 c:OrdinaryShareClass4 2022-08-02 2023-08-31 14271085 c:OrdinaryShareClass4 2023-08-31 14271085 c:OrdinaryShareClass5 2022-08-02 2023-08-31 14271085 c:OrdinaryShareClass5 2023-08-31 14271085 c:FRS102 2022-08-02 2023-08-31 14271085 c:AuditExempt-NoAccountantsReport 2022-08-02 2023-08-31 14271085 c:FullAccounts 2022-08-02 2023-08-31 14271085 c:PrivateLimitedCompanyLtd 2022-08-02 2023-08-31 14271085 6 2022-08-02 2023-08-31 14271085 e:PoundSterling 2022-08-02 2023-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14271085









MOREESHET LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2023

 
MOREESHET LIMITED
REGISTERED NUMBER: 14271085

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
Note
£

Fixed assets
  

Investments
 4 
784,838

  
784,838

Current assets
  

Debtors: amounts falling due within one year
 5 
4,847

Cash at bank and in hand
 6 
2,016,179

  
2,021,026

Creditors: amounts falling due within one year
 7 
(2,689,628)

Net current (liabilities)/assets
  
 
 
(668,602)

Total assets less current liabilities
  
116,236

  

Net assets
  
116,236


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
116,136

  
116,236


Page 1

 
MOREESHET LIMITED
REGISTERED NUMBER: 14271085
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 period 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 F Sacerdoti
Director

Date: 5 August 2024

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

Page 2

 
MOREESHET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

1.


General information

Moreeshet Limited is a private company limited by shares and incorporated in England & Wales (registered number: 14271085). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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

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

 
MOREESHET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 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

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.

 
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 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.

 
2.6

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.

Page 4

 
MOREESHET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
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.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Fixed asset investments





Listed investments

£



Cost or valuation


Additions
626,239


Revaluations
158,599



At 31 August 2023
784,838





5.


Debtors

2023
£


Trade debtors
4,847

4,847


Page 5

 
MOREESHET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
2,016,179

2,016,179



7.


Creditors: Amounts falling due within one year

2023
£

Deferred tax
39,650

Other creditors
2,646,478

Accruals and deferred income
3,500

2,689,628



8.


Share capital

2023
£
Allotted, called up and fully paid


4 Class A Share Capital shares of £1.00 each
4
24 Class B Share Capital shares of £1.00 each
24
24 Class C Share Capital shares of £1.00 each
24
24 Class D Share Capital shares of £1.00 each
24
24 Class E Share Capital shares of £1.00 each
24

100


During the period the company issued 4 Class A, 24 Class B, 24 Class C, 24 Class D & 24 Class E shares at par.

 
Page 6