Caseware UK (AP4) 2023.0.135 2023.0.135 false2022-11-28Activities auxiliary to financial intermediation33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11060344 2022-11-28 2023-12-31 11060344 2021-12-01 2022-11-27 11060344 2023-12-31 11060344 2022-11-27 11060344 c:Director2 2022-11-28 2023-12-31 11060344 d:OfficeEquipment 2022-11-28 2023-12-31 11060344 d:OfficeEquipment 2023-12-31 11060344 d:OfficeEquipment 2022-11-27 11060344 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-28 2023-12-31 11060344 d:ComputerEquipment 2022-11-28 2023-12-31 11060344 d:ComputerEquipment 2023-12-31 11060344 d:ComputerEquipment 2022-11-27 11060344 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-28 2023-12-31 11060344 d:OwnedOrFreeholdAssets 2022-11-28 2023-12-31 11060344 d:ComputerSoftware 2023-12-31 11060344 d:ComputerSoftware 2022-11-27 11060344 d:CurrentFinancialInstruments 2023-12-31 11060344 d:CurrentFinancialInstruments 2022-11-27 11060344 d:Non-currentFinancialInstruments 2023-12-31 11060344 d:Non-currentFinancialInstruments 2022-11-27 11060344 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11060344 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-27 11060344 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11060344 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-27 11060344 d:ShareCapital 2023-12-31 11060344 d:ShareCapital 2022-11-27 11060344 d:SharePremium 2023-12-31 11060344 d:SharePremium 2022-11-27 11060344 d:RetainedEarningsAccumulatedLosses 2023-12-31 11060344 d:RetainedEarningsAccumulatedLosses 2022-11-27 11060344 c:FRS102 2022-11-28 2023-12-31 11060344 c:AuditExempt-NoAccountantsReport 2022-11-28 2023-12-31 11060344 c:FullAccounts 2022-11-28 2023-12-31 11060344 c:PrivateLimitedCompanyLtd 2022-11-28 2023-12-31 11060344 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-11-28 2023-12-31 11060344 2 2022-11-28 2023-12-31 11060344 6 2022-11-28 2023-12-31 11060344 e:PoundSterling 2022-11-28 2023-12-31 iso4217:GBP xbrli:pure


















Aquarius Financial Technologies Limited























Unaudited

Financial statements



For the period ended 31 December 2023



Registered number: 11060344

 
Aquarius Financial Technologies Limited - Registered number:11060344


Statement of financial position
As at 31 December 2023

31 December 2023
31 December 2023
 27 November 2022
 27 November 2022
Note
£
£
£
£

Fixed assets
  

Intangible fixed assets
  
942
-

Tangible fixed assets
  
609
1,009

Investments
  
220,655
220,655

  
222,206
221,664

Current assets
  

Debtors
 7 
6,964,216
6,985,473

Cash at bank
  
5,207
34,361

  
6,969,423
7,019,834

Creditors: amounts falling due within one year
 8 
(294,529)
(219,969)

Net current assets
  
 
 
6,674,894
 
 
6,799,865

Total assets less current liabilities
  
6,897,100
7,021,529

Creditors: amounts falling due after more 
than one year
 9 
(15,000)
(26,666)

  

Net assets
  
6,882,100
6,994,863


Capital and reserves
  

Share capital
  
46,469
45,120

Share premium account
  
8,320,869
8,320,869

Profit and loss account
  
(1,485,238)
(1,371,126)

  
6,882,100
6,994,863


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 period 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.
Page 1

 
Aquarius Financial Technologies Limited - Registered number:11060344


Statement of financial position (continued)
As at 31 December 2023


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 income and retained earnings 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: 




M T D Ward
Director

Date: 9 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
Aquarius Financial Technologies Limited
 
 

Notes to the financial statements
For the period ended 31 December 2023

1.


General information

Aquarius Financial Technologies Limited is a private company limited by shares incorporated in England and Wales. Its registered office is 269 Farnborough Road, Farnborough, London, GU14 7LY. Its company registration number is 11060344.

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 Republic of Ireland' ('FRS 102') and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The company and the group headed by it, qualify as small as set out in section 383 of the Companies Act
2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.
These financial statements therefore present information about the company as an individual undertaking
and not about its group.

The following principal accounting policies have been applied:

 
2.2

Interest income

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

 
2.3

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.

 
2.4

Borrowing costs

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

 
2.5

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.

 
2.6

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.

Page 3

 
Aquarius Financial Technologies Limited
 

Notes to the financial statements
For the period ended 31 December 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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
-
25%
Computer equipment
-
33%

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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
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

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
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

The company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third
parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2022 - 3).

Page 4

 
Aquarius Financial Technologies Limited
 
 

Notes to the financial statements
For the period ended 31 December 2023

4.


Intangible assets






Computer software

£



Cost


Additions
942



At 31 December 2023

942






Net book value



At 31 December 2023
942



At 27 November 2022
-




5.


Tangible fixed assets







Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 28 November 2022
1,047
1,044
2,091



At 31 December 2023

1,047
1,044
2,091



Depreciation


At 28 November 2022
995
87
1,082


Charge for the period
52
348
400



At 31 December 2023

1,047
435
1,482



Net book value



At 31 December 2023
-
609
609



At 27 November 2022
52
957
1,009

Page 5

 
Aquarius Financial Technologies Limited
 
 

Notes to the financial statements
For the period ended 31 December 2023

6.


Investments








Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost or valuation


Additions
214,213
6,442
220,655



At 31 December 2023
214,213
6,442
220,655





7.


Debtors

31 December
27 November
2023
2022
£
£

Due after more than one year

Other debtors
5,575,538
5,575,538

5,575,538
5,575,538

Due within one year

Amounts owed by group undertakings
1,387,330
1,409,935

Share capital not paid
1,348
-

6,964,216
6,985,473



8.


Creditors: Amounts falling due within one year

31 December
27 November
2023
2022
£
£

Bank loans
10,000
10,000

Other creditors
271,325
201,989

Accruals
13,204
7,980

294,529
219,969


Page 6

 
Aquarius Financial Technologies Limited
 
 

Notes to the financial statements
For the period ended 31 December 2023

9.


Creditors: Amounts falling due after more than one year

31 December
27 November
2023
2022
£
£

Bank loans and overdrafts
15,000
26,666

15,000
26,666



10.


Related party transactions

During the period the company made advances to the parent entity of £15,973 (2022: £225,961) and was charged a management fee of £94,407 by the parent entity. As at 31 December 2023 the amount due to the company was £944,845 (2022: £1,023,279). The loan is repayable on demand. 


Page 7