Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-010truetrueOn 12 January 2017 Diaku Limited was acquired by Informatica Ireland EMEA Unlimited. From that date the company did not undertake any further trading activity other than receiving a royalty in respect of it's intellectual property.0false 06575932 2023-01-01 2023-12-31 06575932 2022-01-01 2022-12-31 06575932 2023-12-31 06575932 2022-12-31 06575932 c:Director3 2023-01-01 2023-12-31 06575932 d:CurrentFinancialInstruments 2023-12-31 06575932 d:CurrentFinancialInstruments 2022-12-31 06575932 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06575932 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06575932 d:ShareCapital 2023-12-31 06575932 d:ShareCapital 2022-12-31 06575932 d:RetainedEarningsAccumulatedLosses 2023-12-31 06575932 d:RetainedEarningsAccumulatedLosses 2022-12-31 06575932 c:FRS102 2023-01-01 2023-12-31 06575932 c:Audited 2023-01-01 2023-12-31 06575932 c:FullAccounts 2023-01-01 2023-12-31 06575932 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06575932 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06575932 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 06575932









DIAKU LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DIAKU LIMITED
REGISTERED NUMBER: 06575932

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
16,387,476
15,117,051

Cash at bank and in hand
 5 
1,045,833
202,071

  
17,433,309
15,319,122

Creditors: amounts falling due within one year
 6 
(201,173)
(2,963,759)

Net current assets
  
 
 
17,232,136
 
 
12,355,363

Total assets less current liabilities
  
17,232,136
12,355,363

  

Net assets
  
17,232,136
12,355,363


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
17,232,036
12,355,263

  
17,232,136
12,355,363


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: 




N Smith
Director

Date: 23 September 2024

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

Page 1

 
DIAKU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Diaku 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. The address of the registered office is Suite 4, 7th Floor 50 Broadway, London, United Kingdom, SW1H 0DB.
On 12 January 2017 Diaku Limited was acquired by Informatica Ireland EMEA Unlimited. From that date the Company did not undertake any further trading activity other than receiving a royalty in respect of it's intellectual property. 
The financial statements are presented in pounds sterling, which is the functional currency of the Company, and rounded to the nearest whole £.

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

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company receives intercompany royalties for the sale of the technology it developed across the Informatica group. These financial statements should be read in connection with the financial performance of the wider group. The Directors have made appropriate enquiries and considered the financial position of the ultimate parent company, Informatica Inc., who have confirmed they have the ability and intention to support the company. 
Based on this, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Page 2

 
DIAKU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Foreign currency translation

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.

 
2.4

Revenue

Revenue represents royalty income earned from other group companies. Income is recognised on an accruals basis in accordance with the substance of the agreement.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

 
2.6

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 3

 
DIAKU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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.

Page 4

 
DIAKU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

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 assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

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.

Page 5

 
DIAKU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL)

4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
16,387,476
14,695,029

Tax recoverable
-
269,499

Deferred taxation
-
152,523

16,387,476
15,117,051


Amounts owed by group undertakings are unsecured, interest-free and repayable on demand.


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,045,833
202,071



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
-
2,353,669

Corporation tax
201,173
-

Other taxation and social security
-
610,090

201,173
2,963,759



7.


Controlling party

The Company's immediate parent undertaking is Informatica Ireland EMEA Unlimited.
The ultimate parent of the group and the smallest and largest group to consolidate these financial statements is Informatica Inc. (NYSE: INFA), registered office 2100 Seaport Blvd, Redwood City, California 94063, USA. Copies of the consolidated financial statements can be obtained from this address.
The Company is ultimately controlled by Permira Funds and Canada Pension Plan Investment Board.

Page 6

 
DIAKU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Auditor's information

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

The audit report was signed on 23 September 2024 by Anthony Campbell (Senior Statutory Auditor) on behalf of Nortons Assurance Limited.

 
Page 7