Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-312023-01-31trueSales & marketing support services to its parent company, Noname Gate, Ltd.true22false2021-12-09false 13790910 2021-12-08 13790910 2021-12-09 2023-01-31 13790910 2021-02-01 2021-12-08 13790910 2023-01-31 13790910 1 2021-12-09 2023-01-31 13790910 d:Director1 2021-12-09 2023-01-31 13790910 c:ComputerEquipment 2021-12-09 2023-01-31 13790910 c:ComputerEquipment 2023-01-31 13790910 c:ComputerEquipment c:OwnedOrFreeholdAssets 2021-12-09 2023-01-31 13790910 c:CurrentFinancialInstruments 2023-01-31 13790910 c:CurrentFinancialInstruments c:WithinOneYear 2023-01-31 13790910 c:ShareCapital 2023-01-31 13790910 c:RetainedEarningsAccumulatedLosses 2023-01-31 13790910 d:FRS102 2021-12-09 2023-01-31 13790910 d:Audited 2021-12-09 2023-01-31 13790910 d:FullAccounts 2021-12-09 2023-01-31 13790910 d:PrivateLimitedCompanyLtd 2021-12-09 2023-01-31 13790910 d:SmallCompaniesRegimeForAccounts 2021-12-09 2023-01-31 13790910 e:PoundSterling 2021-12-09 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 13790910









NONAME GATE UK LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2023

 
NONAME GATE UK LIMITED
REGISTERED NUMBER: 13790910

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
12,692

Current assets
  

Debtors: amounts falling due within one year
 5 
21,561

Cash at bank and in hand
 6 
1,111,384

  
1,132,945

Creditors: amounts falling due within one year
 7 
(1,007,430)

Net current assets
  
 
 
125,515

Net assets
  
138,207


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
138,206

  
138,207


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: 




................................................
O Golan
Director

Date: 21 August 2024

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
NONAME GATE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

1.


General information

Noname Gate UK Limited (the Company) is a company incorporated in the United Kingdom under the Companies Act.
The Company is a private company limited by shares and is registered in England and Wales under the Companies Act. The registered office is Suite 4, 7th Floor 50 Broadway, London, United Kingdom, SW1H 0DB.
The Company was incorporated on 9 December 2021, and begun trading in January 2022. The year end was aligned with that of the parent company and thus these financial statements report the period from incorporation to 31 January 2023.
The principal activity of the Company is to provide support to its parent company, Noname Gate, Ltd, operating as a limited risk distributor.

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 director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and thus they continue to adopt a going concern basis of accounting in preparing the annual financial statements.
The director of the Company has received confirmation of continued financial support for the foreseeable future from the parent company, Noname Gate, Ltd.

 
2.3

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.

Page 2

 
NONAME GATE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.4

Revenue

The Company is remunerated by its ultimate parent Noname Gate, Ltd through a limited risk distribution model on chargeable costs incurred.

 
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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

Page 3

 
NONAME GATE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.7

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
3 years

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.

 
2.9

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.

Page 4

 
NONAME GATE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

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

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 22.

Page 5

 
NONAME GATE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
17,726



At 31 January 2023

17,726



Depreciation


Charge for the period on owned assets
5,034



At 31 January 2023

5,034



Net book value



At 31 January 2023
12,692


5.


Debtors

2023
£


Other debtors
16,446

Prepayments and accrued income
5,115

21,561



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
1,111,384


Page 6

 
NONAME GATE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

7.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to group undertakings
535,993

Other taxation and social security
114,623

Accruals and deferred income
356,814

1,007,430



8.


Pension commitments

The Company operates a defined contribution 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 £30,560. Contributions totaling £2,951 were payable to the fund at the balance sheet date and included in creditors.


9.


Post balance sheet events

On 24 June 2024 the ultimate parent company, Noname Gate, Ltd. was acquired by Akamai Technologies, Inc., a company incorporated in the United States of America and listed on NASDAQ. From that date, the ultimate parent company became  Akamai Technologies, Inc.  


10.


Controlling party

Noname Gate, Ltd, a company incorporated in Israel, is the Company's ultimate parent company and controlling party. 
The largest and smallest group of undertakings for which group accounts are drawn up and which includes the Company is Noname Gate, Ltd.

The registered office for Noname Gate, Ltd. is Derech Menachem Begin 146, WeWork Azrieli Town, Floor 10, Tel Aviv 6492103, Israel.


11.


Auditor's information

The auditor's report on the financial statements for the period ended 31 January 2023 was unqualified.

The audit report was signed on 21 August 2024 by Karen Cairns (Senior Statutory Auditor) on behalf of Nortons Assurance Limited.

 
Page 7