Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01No description of principal activity33truetruefalse 14067108 2023-01-01 2023-12-31 14067108 2022-01-01 2022-12-31 14067108 2023-12-31 14067108 2022-12-31 14067108 c:Director1 2023-01-01 2023-12-31 14067108 c:Director2 2023-01-01 2023-12-31 14067108 d:ComputerEquipment 2023-01-01 2023-12-31 14067108 d:ComputerEquipment 2023-12-31 14067108 d:ComputerEquipment 2022-12-31 14067108 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 14067108 d:CurrentFinancialInstruments 2023-12-31 14067108 d:CurrentFinancialInstruments 2022-12-31 14067108 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14067108 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 14067108 d:ShareCapital 2023-12-31 14067108 d:ShareCapital 2022-12-31 14067108 d:RetainedEarningsAccumulatedLosses 2023-12-31 14067108 d:RetainedEarningsAccumulatedLosses 2022-12-31 14067108 c:FRS102 2023-01-01 2023-12-31 14067108 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 14067108 c:FullAccounts 2023-01-01 2023-12-31 14067108 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 14067108 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14067108










TESSARACT TECHNOLOGIES UK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
TESSARACT TECHNOLOGIES UK LIMITED
REGISTERED NUMBER: 14067108

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,312
4,956

  
4,312
4,956

Current assets
  

Debtors: amounts falling due within one year
 5 
6,172
110,348

Cash at bank and in hand
  
35,247
-

  
41,419
110,348

Creditors: amounts falling due within one year
 6 
(1,022,157)
(269,655)

Net current liabilities
  
 
 
(980,738)
 
 
(159,307)

Total assets less current liabilities
  
(976,426)
(154,351)

  

Net liabilities
  
(976,426)
(154,351)


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Profit and loss account
  
(1,076,426)
(254,351)

  
(976,426)
(154,351)


Page 1

 
TESSARACT TECHNOLOGIES UK LIMITED
REGISTERED NUMBER: 14067108
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 year 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 by: 




X C Tan
H C V Lim
Director
Director


Date: 26 September 2024
Date: 26 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TESSARACT TECHNOLOGIES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Tessaract Technologies UK Ltd (14067108) is a private company limited by shares and incorporated in England and Wales. Its registered office is: 3rd Floor 1 Ashley Road, Altrincham, Cheshire, WA14 2DT.

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

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this period.

 
2.3

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
-
33%
straight line

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.

 
2.4

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.

 
2.5

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 3

 
TESSARACT TECHNOLOGIES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.


3.


Employees



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

Page 4

 
TESSARACT TECHNOLOGIES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
5,354


Additions
1,711



At 31 December 2023

7,065



Depreciation


At 1 January 2023
398


Charge for the year on owned assets
2,355



At 31 December 2023

2,753



Net book value



At 31 December 2023
4,312



At 31 December 2022
4,956

Page 5

 
TESSARACT TECHNOLOGIES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
97,483

Other debtors
415
1,609

Prepayments and accrued income
5,757
11,256

6,172
110,348



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
29,806
-

Amounts owed to group undertakings
925,476
266,562

Other creditors
23,921
-

Accruals and deferred income
42,954
3,093

1,022,157
269,655



7.


Controlling party

The ultimate parent company is Intersellar Group PTE. LTD. a company registered in Singapore.

 
Page 6