Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalse22022-12-13falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14538406 2022-12-12 14538406 2022-12-13 2023-12-31 14538406 2020-12-14 2022-12-12 14538406 2023-12-31 14538406 c:Director1 2022-12-13 2023-12-31 14538406 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 14538406 d:CurrentFinancialInstruments 2023-12-31 14538406 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14538406 d:ShareCapital 2023-12-31 14538406 d:RetainedEarningsAccumulatedLosses 2023-12-31 14538406 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 14538406 c:OrdinaryShareClass1 2022-12-13 2023-12-31 14538406 c:OrdinaryShareClass1 2023-12-31 14538406 c:OrdinaryShareClass2 2022-12-13 2023-12-31 14538406 c:OrdinaryShareClass2 2023-12-31 14538406 c:FRS102 2022-12-13 2023-12-31 14538406 c:AuditExempt-NoAccountantsReport 2022-12-13 2023-12-31 14538406 c:FullAccounts 2022-12-13 2023-12-31 14538406 c:PrivateLimitedCompanyLtd 2022-12-13 2023-12-31 14538406 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2022-12-13 2023-12-31 14538406 2 2022-12-13 2023-12-31 14538406 6 2022-12-13 2023-12-31 14538406 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2022-12-13 2023-12-31 14538406 e:PoundSterling 2022-12-13 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14538406














BIG HUGE MONEY LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
BIG HUGE MONEY LTD
REGISTERED NUMBER:14538406

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Intangible assets
 4 
425,000

Investments
 5 
200

  
425,200

Current assets
  

Debtors: amounts falling due within one year
 6 
26,443

Current asset investments
 7 
996,349

Cash at bank and in hand
 8 
692,417

  
1,715,209

Creditors: amounts falling due within one year
 9 
(281,328)

Net current assets
  
 
 
1,433,881

Total assets less current liabilities
  
1,859,081

Provisions for liabilities
  

Deferred tax
 10 
(18,750)

  
 
 
(18,750)

Net assets
  
1,840,331


Capital and reserves
  

Called up share capital 
 11 
200

Profit and loss account
  
1,840,131

  
1,840,331


Page 1

 
BIG HUGE MONEY LTD
REGISTERED NUMBER:14538406
    
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 by: 




I J Simons
Director

Date: 23 December 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BIG HUGE MONEY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Big Huge Money Ltd is a private company, limited by shares, registered in England and Wales, registration number 14538406. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The company was incorporated on 13 December 2022 and commenced trading on the same date.
 
The principal activity of the company is that of an investment holding company.

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 financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small - sized group. The company has therefore taken advantage of the exemption provided by section 399 of the Companies Act 2006 not to prepare group accounts.

  
2.2

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

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 that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss statement.

Page 3

 
BIG HUGE MONEY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover 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. 
Turnover from the rendering of services is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Dividend income is recognised in the year in which the company's right to receive dividend is established.

 
2.5

Interest income

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

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Rights are amortised over a 5 year period.

Page 4

 
BIG HUGE MONEY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

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.

 
2.10

 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.

 
2.11

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilitie are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, and loans with related parties.


3.


Employees

The average monthly number of employees, including the director, during the period was 2.

Page 5

 
BIG HUGE MONEY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Intangible assets



Rights

£



Cost


Additions
500,000



At 31 December 2023

500,000



Amortisation


Charge for the period 
75,000



At 31 December 2023

75,000



Net book value



At 31 December 2023
425,000




5.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


Additions
200



At 31 December 2023
200





6.


Debtors

2023
£


Other debtors
1,832

Prepayments and accrued income
24,611

26,443


Page 6

 
BIG HUGE MONEY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Current asset investments

2023
£

Listed investments
996,349



8.


Cash and cash equivalents

2023
£

Cash at bank
692,417



9.


Creditors: amounts falling due within one year

2023
£

Trade creditors
4,961

Amounts owed to connected entities
256,815

Other taxation and social security
11,959

Accruals
7,593

281,328



10.


Deferred taxation



2023


£






Charged to profit or loss
18,750



At end of year
18,750

The deferred taxation balance is made up as follows:

2023
£


Fixed asset timing differences
18,750

Page 7

 
BIG HUGE MONEY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

11.


Share capital

2023
£
Allotted, called up and fully paid


100 "B" ordinary shares of £1.00 each
100
100 ordinary shares of £1.00 each
100

200


1 ordinary share of £1 each and 1 "B" ordinary share of £1 each were issued on incorporation at par value and a further 99 ordinary shares of £1 each and 99 "B" ordinary shares of £1 each were issued on 28 March 2023.


12.


Related party transactions

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35.

 
Page 8