Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalseNo description of principal activity2023-03-22true012false 14749195 2023-03-21 14749195 2023-03-22 2023-12-31 14749195 2022-01-01 2023-03-21 14749195 2023-12-31 14749195 1 2023-03-22 2023-12-31 14749195 d:Director1 2023-03-22 2023-12-31 14749195 d:Director2 2023-03-22 2023-12-31 14749195 d:RegisteredOffice 2023-03-22 2023-12-31 14749195 c:CurrentFinancialInstruments 2023-12-31 14749195 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 14749195 c:ShareCapital 2023-12-31 14749195 c:RetainedEarningsAccumulatedLosses 2023-12-31 14749195 d:FRS102 2023-03-22 2023-12-31 14749195 d:Audited 2023-03-22 2023-12-31 14749195 d:FullAccounts 2023-03-22 2023-12-31 14749195 d:PrivateLimitedCompanyLtd 2023-03-22 2023-12-31 14749195 c:WithinOneYear 2023-12-31 14749195 d:SmallCompaniesRegimeForAccounts 2023-03-22 2023-12-31 14749195 2 2023-03-22 2023-12-31 14749195 e:PoundSterling 2023-03-22 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 14749195 (England and Wales)














ADMARKETPLACE UK LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023


 
ADMARKETPLACE UK LIMITED
 

 
COMPANY INFORMATION


Directors
A J Epstein 
J W Hill 




Registered number
14749195



Registered office
Birchin Court 

5th Floor
19-25 Birchin Lane

London

United Kingdom

EC3V 9DU




Independent auditors
ZEDRA Corporate Reporting Services (UK) Limited
















 
ADMARKETPLACE UK LIMITED
 


CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 5



 
ADMARKETPLACE UK LIMITED
REGISTERED NUMBER:14749195


BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
118,269

Cash at bank and in hand
  
196,031

  
314,300

Creditors: amounts falling due within one year
 5 
(265,089)

Net current assets
  
 
 
49,211

Total assets less current liabilities
  
49,211

  

Net assets
  
49,211


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
49,210

  
49,211


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 comprehensive income 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: 

A J Epstein
Director

Date: 1 October 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1


 
ADMARKETPLACE UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.Accounting policies

 
1.1

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 entity was incorporated on 22 March 2023 and began trading on this date.

The following principal accounting policies have been applied:

 
1.2

Going concern

At 31 December 2023, the Company was in a net asset position. The Company has received written confirmation from its ultimate parent company, AdMarketplace Inc., that it will continue to provide financial support to the Company for a period of 12 months from the date of approving these financial statements.
In assessing the Company's ability to continue as a going concern, the directors have considered the availability of financing from the ultimate parent company, through a review of parent company position and the budgeted cash requirements of the Company. 
The directors are confident that the Company will continue to be able to meet its obligations as liabilities fall due. For these reasons, the directors continue to prepare the financial statements on a going concern basis.

 
1.3

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover is recognised on a cost plus 5% basis, in line with the intercompany service agreement with the parent company. Intercompany turnover is recognised when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the intercompany service agreement;
the costs incurred under the intercompany service agreement can be measured reliably.


 
1.4

Interest income

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

Page 2


 
ADMARKETPLACE UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.6

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.

 
1.7

Debtors

Short term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at cost. No interest is charged on the loans, which are repayable on demand. 

 
1.8

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 held on deposit by service providers is included within bank and cash balances, as these amounts are highly liquid and repayable without penalty on notice of not more than 24 hours.

 
1.9

Creditors

Short term creditors are measured at the transaction price.

 
1.10

Operating Leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.


2.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2023 was unqualified.

The audit report was signed on 1 October 2024 by Nick Whitehead FCCA (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited.

Page 3


 
ADMARKETPLACE UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees during the period was 12.


4.


Debtors

2023
£


Amounts owed by group undertakings
73,826

Other debtors
34,378

Prepayments and accrued income
10,065

118,269



5.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
12,434

Corporation tax
34,601

Other creditors
55,669

Accruals and deferred income
162,385

265,089



6.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
£


Not later than one year
64,800

64,800


7.


Controlling party

AdMarketplace Inc. is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 3500 South Dupont Highway, Kent County, Delaware 19904.

Page 4


 
ADMARKETPLACE UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and
the date these financial statements were approved.

 
Page 5