Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2true0Consultancy2023-01-16falsefalse 14594901 2023-01-15 14594901 2023-01-16 2024-01-31 14594901 2022-01-16 2023-01-15 14594901 2024-01-31 14594901 c:Director1 2023-01-16 2024-01-31 14594901 d:FurnitureFittings 2023-01-16 2024-01-31 14594901 d:FurnitureFittings 2024-01-31 14594901 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-16 2024-01-31 14594901 d:CurrentFinancialInstruments 2024-01-31 14594901 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14594901 d:ShareCapital 2024-01-31 14594901 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-01-31 14594901 c:OrdinaryShareClass1 2023-01-16 2024-01-31 14594901 c:OrdinaryShareClass1 2024-01-31 14594901 c:OrdinaryShareClass2 2023-01-16 2024-01-31 14594901 c:OrdinaryShareClass2 2024-01-31 14594901 c:FRS102 2023-01-16 2024-01-31 14594901 c:AuditExempt-NoAccountantsReport 2023-01-16 2024-01-31 14594901 c:FullAccounts 2023-01-16 2024-01-31 14594901 c:PrivateLimitedCompanyLtd 2023-01-16 2024-01-31 14594901 e:PoundSterling 2023-01-16 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14594901









ATHENA INTELLIGENCE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2024

 
ATHENA INTELLIGENCE LIMITED
REGISTERED NUMBER: 14594901

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
900

  
900

Current assets
  

Cash at bank and in hand
 5 
8,211

  
8,211

Creditors: amounts falling due within one year
 6 
(9,011)

Net current (liabilities)/assets
  
 
 
(800)

Total assets less current liabilities
  
100

  

Net assets
  
100


Capital and reserves
  

Called up share capital 
 8 
100

  
100

Page 1

 
ATHENA INTELLIGENCE LIMITED
REGISTERED NUMBER: 14594901
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

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.

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 on 20 September 2024.




................................................
Tatum Harding
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
ATHENA INTELLIGENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

Athena Intelligence Limited is a private company, incorporated in England and Wales, limited by its share capital. The Company was incorporated on 16 January 2023 and began trading on that date. The principal activity of the Company was the provision of consultancy services.

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 the Republic of Ireland and the Companies Act 2006.

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.

Page 3

 
ATHENA INTELLIGENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

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 balance sheet date in the countries where the Company operates and generates income.

 
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. 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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance

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.

Page 4

 
ATHENA INTELLIGENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.
Page 5

 
ATHENA INTELLIGENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.8

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.

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.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 6

 
ATHENA INTELLIGENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
1,200



At 31 January 2024

1,200



Depreciation


Charge for the period on owned assets
300



At 31 January 2024

300



Net book value



At 31 January 2024
900


5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
8,211

8,211



6.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
5,048

Other creditors
2,643

Accruals and deferred income
1,320

9,011


Page 7

 
ATHENA INTELLIGENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

7.


Financial instruments

2024
£

Financial assets


Financial assets measured at fair value through profit or loss
8,211




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


8.


Share capital

2024
£
Allotted, called up and fully paid


99 Ordinary shares of £1.00 each
99
1 Ordinary A share of £1.00
1

100


Upon incorporation 99 ordinary shares and 1 ordinary A share were issued at par.


9.


Controlling party

The Company is controlled by the director, Tatum Harding, by virtue of her shareholding, as described in the Directors' report.
 
Page 8