Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3162023-01-01falseBusiness and domestic software development9falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12298963 2023-01-01 2023-12-31 12298963 2022-01-01 2022-12-31 12298963 2023-12-31 12298963 2022-12-31 12298963 c:CompanySecretary1 2023-01-01 2023-12-31 12298963 c:Director4 2023-01-01 2023-12-31 12298963 c:RegisteredOffice 2023-01-01 2023-12-31 12298963 d:CurrentFinancialInstruments 2023-12-31 12298963 d:CurrentFinancialInstruments 2022-12-31 12298963 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12298963 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12298963 d:ShareCapital 2023-12-31 12298963 d:ShareCapital 2022-12-31 12298963 d:OtherMiscellaneousReserve 2023-12-31 12298963 d:OtherMiscellaneousReserve 2022-12-31 12298963 d:RetainedEarningsAccumulatedLosses 2023-12-31 12298963 d:RetainedEarningsAccumulatedLosses 2022-12-31 12298963 c:FRS102 2023-01-01 2023-12-31 12298963 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12298963 c:FullAccounts 2023-01-01 2023-12-31 12298963 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12298963 d:WithinOneYear 2023-12-31 12298963 d:WithinOneYear 2022-12-31 12298963 2 2023-01-01 2023-12-31 12298963 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 12298963







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


CMDTY UK LTD.






































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CMDTY UK LTD.
 


 
COMPANY INFORMATION


Director
A. Aranguren 




Company secretary
Oakwood Corporate Secretary Limited



Registered number
12298963



Registered office
3rd Floor
1 Ashley Road

Altrincham

Cheshire

WA14 2DT




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


CMDTY UK LTD.
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5


 


CMDTY UK LTD.
REGISTERED NUMBER:12298963



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
296,658
249,624

Cash at bank and in hand
  
5,519
84,712

  
302,177
334,336

Creditors: amounts falling due within one year
 5 
(14,390)
(34,568)

Net current assets
  
 
 
287,787
 
 
299,768

Total assets less current liabilities
  
287,787
299,768

  

Net assets
  
287,787
299,768


Capital and reserves
  

Called up share capital 
  
1
1

Other reserves
  
9,985
53,559

Profit and loss account
  
277,801
246,208

  
287,787
299,768


Page 1

 


CMDTY UK LTD.
REGISTERED NUMBER:12298963


    
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 period 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: 




A. Aranguren
Director

Date: 15 November 2024

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

Page 2

 


CMDTY UK LTD.
 


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

1.


General information

CMDTY UK LTD. is a private company limited by shares incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements. The address of the principal place of business is Minster House, 42 Mincing Lane, London, EC3R 7AE.
The financial statements are presented in Great British Pounds (''GBP'') and rounded to the nearest Pound.

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

Foreign currency translation

Functional and presentation currency

The company's functional currency is Canadian dollars (''CAD''). This differs from the presentational currency which is GBP. The reason for the difference is that the company has no autonomy and is considered to be an extension of the parent entity. On that basis, the functional currency is CAD, which is consistent with that of the parent entity.

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.

 
2.3

Revenue

Revenue is recognised through the provision of services to group entities to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
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.

Page 3

 


CMDTY UK LTD.
 


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

2.Accounting policies (continued)

 
2.5

Interest income

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

 
2.6

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 reporting date in the countries where the company operates and generates income.

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 6 (2022 - 9).


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
294,092
127,152

Other debtors
2,566
22,218

Tax recoverable
-
100,254

296,658
249,624



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,095
791

Other taxation and social security
-
27,969

Other creditors
3,962
5,808

Accruals and deferred income
8,333
-

14,390
34,568


Page 4

 


CMDTY UK LTD.
 


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

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
2022
£
£


Less than 1 year
-
15,300

-
15,300


7.


Controlling party

On March 10, 2023 the equity securities of CMDTY UK Ltd were sold to MineHub Technologies Inc. (a company incorporated in Canada).  MineHub Technologies Inc. is now the direct parent company of CMDTY UK Ltd.

 
Page 5