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COMPANY REGISTRATION NUMBER: 09939666
Antura Software UK Limited
Filleted Financial Statements
31 December 2023
Antura Software UK Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Current assets
Debtors
5
33,841
34,126
Cash at bank and in hand
32,143
21,956
--------
--------
65,984
56,082
Creditors: amounts falling due within one year
6
( 24,046)
( 49,676)
--------
--------
Net current assets
41,938
6,406
--------
-------
Total assets less current liabilities
41,938
6,406
--------
-------
Net assets
41,938
6,406
--------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
41,838
6,306
--------
-------
Shareholders funds
41,938
6,406
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 12 August 2024 , and are signed on behalf of the board by:
K M Andersson
Director
Company registration number: 09939666
Antura Software UK Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director has undertaken a rigorous assessment of whether the company was a going concern when the accounts were prepared, considering all available information about the future, covering a period of 12 months from the date of the approval of the accounts. The company is profit-generating, with a profit before tax for the year of £35,532 (2022: £116,468), and net assets of £41,938 (2022: £6,406). The wider Antura Group, headed by the immediate parent entity Antura AB, is self-funded with no external financing. The Group has a large and well diversified customer base with a low churn rate. The director considers the company to be a going concern on the basis that it has the continued financial support of the parent company for the foreseeable future.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue for services is recognised in line with the provision of the contracted services, on an accruals basis.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: 1 ).
5. Debtors
2023
2022
£
£
Trade debtors
33,841
34,126
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to parent company
17,747
Social security and other taxes
10,585
8,439
Other creditors
13,461
23,490
--------
--------
24,046
49,676
--------
--------
7. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
2,723
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-------
8. Summary audit opinion
The auditor's report dated 12 August 2024 was unqualified .
The senior statutory auditor was Benjamin Bidnell , for and on behalf of Shipleys LLP .
9. Related party transactions
At 31 December 2023, a balance of £nil was due to Antura AB, the parent entity controlling the company (2022: £17,747). During the year, there was no waiver of balances due to the parent entity (2022: £94,884 waived).
10. Controlling party
The immediate parent of the company is Antura AB, a company incorporated in Sweden, and is the parent of the smallest group which draws up consolidated financial statements. The registered office of Antura AB is Västra Hamngatan 13 A, 411 17 Göteborg, Sweden . The ultimate parent entity is Wilmat AB, and is the parent of the largest group which draws up consolidated financial statements. The registered office of Wilmat AB is Box 1572, 411 41 Göteborg, Sweden . The ultimate controlling party is director K M Andersson by virtue of his shareholdings in Wilmat AB.