Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-302022-10-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10373566 2022-10-01 2023-09-30 10373566 2021-10-01 2022-09-30 10373566 2023-09-30 10373566 2022-09-30 10373566 2021-10-01 10373566 c:Director2 2022-10-01 2023-09-30 10373566 c:Director3 2022-10-01 2023-09-30 10373566 c:RegisteredOffice 2022-10-01 2023-09-30 10373566 d:CurrentFinancialInstruments 2023-09-30 10373566 d:CurrentFinancialInstruments 2022-09-30 10373566 d:Non-currentFinancialInstruments 2023-09-30 10373566 d:Non-currentFinancialInstruments 2022-09-30 10373566 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10373566 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 10373566 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 10373566 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 10373566 d:ShareCapital 2022-10-01 2023-09-30 10373566 d:ShareCapital 2023-09-30 10373566 d:ShareCapital 2021-10-01 2022-09-30 10373566 d:ShareCapital 2022-09-30 10373566 d:ShareCapital 2021-10-01 10373566 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 10373566 d:RetainedEarningsAccumulatedLosses 2023-09-30 10373566 d:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 10373566 d:RetainedEarningsAccumulatedLosses 2022-09-30 10373566 d:RetainedEarningsAccumulatedLosses 2021-10-01 10373566 c:OrdinaryShareClass1 2022-10-01 2023-09-30 10373566 c:OrdinaryShareClass1 2023-09-30 10373566 c:OrdinaryShareClass1 2022-09-30 10373566 c:OrdinaryShareClass2 2022-10-01 2023-09-30 10373566 c:OrdinaryShareClass2 2023-09-30 10373566 c:OrdinaryShareClass2 2022-09-30 10373566 c:FRS102 2022-10-01 2023-09-30 10373566 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 10373566 c:FullAccounts 2022-10-01 2023-09-30 10373566 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10373566 e:PoundSterling 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10373566


 
 
 
 
 
 
 
 
 
 
COMPAYNET LTD.
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
COMPAYNET LTD.
 

COMPANY INFORMATION


Directors
Z T Harkness 
M R Smith 




Registered number
10373566



Registered office
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BN





 
COMPAYNET LTD.
 

CONTENTS



Page
Balance Sheet
 
1
Statement of Changes in Equity
 
2
Notes to the Financial Statements
 
3 - 5


 
COMPAYNET LTD.
REGISTERED NUMBER: 10373566

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Current assets
  

Debtors
  
527
-

Cash at bank and in hand
  
66,507
7,766

Creditors: amounts falling due within one year
 5 
(33,416)
(1,750)

Net current assets
  
 
 
33,618
 
 
6,016

Creditors: amounts falling due after more than one year
 6 
(137,453)
(43,932)

Net liabilities
  
(103,835)
(37,916)


Capital and reserve
  

Allotted, called up and fully paid share capital
 7 
797,165
797,162

Profit and loss account
  
(901,000)
(835,078)

Equity shareholders' deficit
  
(103,835)
(37,916)


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 Directors' Report and Statement of Comprehensive Income in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on
28 September 2024.




M R Smith
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
COMPAYNET LTD.
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 October 2021
714,650
(739,393)
(24,743)



Loss for the year
-
(95,685)
(95,685)

Redeemable preference shares issued during the year
82,512
-
82,512



At 1 October 2022
797,162
(835,078)
(37,916)



Loss for the year
-
(65,922)
(65,922)

Share capital issued during the year
3
-
3


At 30 September 2023
797,165
(901,000)
(103,835)


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
COMPAYNET LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


GENERAL INFORMATION

Compaynet Ltd. (company number: 10373566), having its registered office and trading address at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN, is a private company limited by shares, incorporated in England and Wales.

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

Going concern

At the Balance Sheet date, the Company had net liabilities of £103,835 (2022: £37,916). The Company relies on the support of the directors who will continue to support the Company for the forseeable future. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis.

  
2.3

Statement of Cash Flows

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

 
2.4

Turnover

Turnover 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. Turnover 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

Turnover 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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
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

Page 3

 
COMPAYNET LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.7

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.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. 

 
2.9

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.

  
2.10

Taxation

Tax is recognised in the Statement of Comprehensive Income.
The current corporation 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
COMPAYNET LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Debtors

2023
2022
£
£

Due within one year

Prepayments and accrued income
527
-



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
30,656
-

Accruals and deferred income
2,760
1,750

33,416
1,750



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
137,453
43,932



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



4 (2022 - 1) Ordinary shares of £1.00 each
4
1
797,161 (2022 - 797,161) Preference A shares of £1.00 each
797,161
797,161

797,165

797,162





Page 5