Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-02-01falseThe provision of financial services11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13842147 2023-02-01 2023-12-31 13842147 2022-01-11 2023-01-31 13842147 2023-12-31 13842147 2023-01-31 13842147 c:Director1 2023-02-01 2023-12-31 13842147 c:RegisteredOffice 2023-02-01 2023-12-31 13842147 d:CurrentFinancialInstruments 2023-12-31 13842147 d:CurrentFinancialInstruments 2023-01-31 13842147 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13842147 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13842147 d:ShareCapital 2023-02-01 2023-12-31 13842147 d:ShareCapital 2023-12-31 13842147 d:ShareCapital 2022-01-11 2023-01-31 13842147 d:ShareCapital 2023-01-31 13842147 d:RetainedEarningsAccumulatedLosses 2023-02-01 2023-12-31 13842147 d:RetainedEarningsAccumulatedLosses 2023-12-31 13842147 d:RetainedEarningsAccumulatedLosses 2022-01-11 2023-01-31 13842147 d:RetainedEarningsAccumulatedLosses 2023-01-31 13842147 c:FRS102 2023-02-01 2023-12-31 13842147 c:AuditExempt-NoAccountantsReport 2023-02-01 2023-12-31 13842147 c:FullAccounts 2023-02-01 2023-12-31 13842147 c:PrivateLimitedCompanyLtd 2023-02-01 2023-12-31 13842147 e:PoundSterling 2023-02-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 13842147










MONEYKIT LIMITED
UNAUDITED
DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023





















 
MONEYKIT LIMITED
 
 
Company Information


Director
Mr K Stipech 




Registered number
13842147



Registered office
Cannon Place
78 Cannon Street

London

EC4N 6AF




Accountants
Sayers Butterworth LLP

12 Gough Square

London

EC4A 3DW





 
MONEYKIT LIMITED
Registered number: 13842147

Balance sheet
As at 31 December 2023

31 December
31 January
2023
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
17,719
25,110

  
17,719
25,110

Creditors: amounts falling due within one year
 5 
(18,568)
(25,959)

Net current liabilities
  
 
 
(849)
 
 
(849)

Total assets less current liabilities
  
(849)
(849)

  

Net liabilities
  
(849)
(849)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(850)
(850)

  
(849)
(849)


Page 1

 
MONEYKIT LIMITED
Registered number: 13842147
    
Balance sheet (continued)
As at 31 December 2023

The director considers 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 director acknowledges his 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 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 on 18 September 2024.




Mr K Stipech
Director

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
MONEYKIT LIMITED
 

Statement of changes in equity
For the Period Ended 31 December 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 February 2023
1
(850)
(849)
Total comprehensive income for the period
-
-
-


At 31 December 2023
1
(850)
(849)


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
MONEYKIT LIMITED
 

Statement of changes in equity
For the Period Ended 31 January 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Loss for the period
-
(850)
(850)
Total comprehensive income for the period
-
(850)
(850)


Contributions by and distributions to owners

Shares issued during the period
1
-
1


At 31 January 2023
1
(850)
(849)


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
MONEYKIT LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2023

1.


General information

MoneyKit Limited is a private company limited by share capital, incorporated in the United Kingdom and registered in England and Wales. The registered office address is Cannon Place, 78 Cannon Street, London, EC4N 6AF.
The company changed its year end from 31 Janurary to 31 December, and these financial statements are for the 11 months ended 31 December 2023.

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 financial statements have been prepared on the going concern basis, on the understanding that the parent company will continue to support the company for the foreseeable future.

 
2.3

Other operating income

Income 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. Income represents costs recharged to group companies and is recognised at the point of incurring the cost.

 
2.4

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

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 instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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.
 
Page 5

 
MONEYKIT LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)


Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors 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.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
 
Page 6

 
MONEYKIT LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)


Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments 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 creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors 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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including the director, during the period was 1 (2023 - 1).

Page 7

 
MONEYKIT LIMITED
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2023

4.


Debtors

31 December
31 January
2023
2023
£
£


Amounts owed by group undertakings
3,071
-

Other debtors
14,648
13,950

Prepayments and accrued income
-
11,160

17,719
25,110



5.


Creditors: Amounts falling due within one year

31 December
31 January
2023
2023
£
£

Trade creditors
11,718
-

Amounts owed to group undertakings
-
23,711

Accruals and deferred income
6,850
2,248

18,568
25,959



6.


Controlling party

The parent undertaking is MoneyKit Inc, a Company incorporated in Delaware, by virtue of their ownership of 100% of the issued share capital in the Company.

 
Page 8