Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true2023-05-01falseNo description of principal activity76trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13357677 2023-05-01 2024-04-30 13357677 2022-05-01 2023-04-30 13357677 2024-04-30 13357677 2023-04-30 13357677 2022-05-01 13357677 c:Director3 2023-05-01 2024-04-30 13357677 d:Buildings 2023-05-01 2024-04-30 13357677 d:Buildings 2024-04-30 13357677 d:Buildings 2023-04-30 13357677 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13357677 d:FurnitureFittings 2023-05-01 2024-04-30 13357677 d:FurnitureFittings 2024-04-30 13357677 d:FurnitureFittings 2023-04-30 13357677 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13357677 d:OfficeEquipment 2023-05-01 2024-04-30 13357677 d:OfficeEquipment 2024-04-30 13357677 d:OfficeEquipment 2023-04-30 13357677 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13357677 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13357677 d:CurrentFinancialInstruments 2024-04-30 13357677 d:CurrentFinancialInstruments 2023-04-30 13357677 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 13357677 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13357677 d:ShareCapital 2023-05-01 2024-04-30 13357677 d:ShareCapital 2024-04-30 13357677 d:ShareCapital 2022-05-01 2023-04-30 13357677 d:ShareCapital 2023-04-30 13357677 d:ShareCapital 2022-05-01 13357677 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 13357677 d:RetainedEarningsAccumulatedLosses 2024-04-30 13357677 d:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 13357677 d:RetainedEarningsAccumulatedLosses 2023-04-30 13357677 d:RetainedEarningsAccumulatedLosses 2022-05-01 13357677 c:OrdinaryShareClass1 2023-05-01 2024-04-30 13357677 c:OrdinaryShareClass1 2024-04-30 13357677 c:OrdinaryShareClass1 2023-04-30 13357677 c:FRS102 2023-05-01 2024-04-30 13357677 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13357677 c:FullAccounts 2023-05-01 2024-04-30 13357677 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13357677 2 2023-05-01 2024-04-30 13357677 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13357677






DI MINNO LTD

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024

 
DI MINNO LTD
REGISTERED NUMBER: 13357677

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
222,416
290,062

  
222,416
290,062

Current assets
  

Debtors: amounts falling due within one year
 5 
244,016
243,077

Cash at bank and in hand
 6 
6,890
6,487

  
250,906
249,564

Creditors: amounts falling due within one year
 7 
(3,499,721)
(2,211,126)

Net current liabilities
  
 
 
(3,248,815)
 
 
(1,961,562)

Total assets less current liabilities
  
(3,026,399)
(1,671,500)

  

Net liabilities
  
(3,026,399)
(1,671,500)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
 9 
(3,026,499)
(1,671,600)

  
(3,026,399)
(1,671,500)


Page 1

 
DI MINNO LTD
REGISTERED NUMBER: 13357677
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

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 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 on 6 January 2025.




P Aschenbrenner
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
DI MINNO LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 May 2022
100
(724,316)
(724,216)


Comprehensive income for the year

Loss for the year
-
(947,284)
(947,284)
Total comprehensive income for the year
-
(947,284)
(947,284)


Total transactions with owners
-
-
-



At 1 May 2023
100
(1,671,600)
(1,671,500)


Comprehensive income for the year

Loss for the year
-
(1,354,899)
(1,354,899)
Total comprehensive income for the year
-
(1,354,899)
(1,354,899)


Total transactions with owners
-
-
-


At 30 April 2024
100
(3,026,499)
(3,026,399)


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
DI MINNO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

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 following principal accounting policies have been applied:

 
1.2

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.

 
1.3

Revenue

Revenue 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. Revenue 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
1.4

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.

Page 4

 
DI MINNO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies (continued)

 
1.5

Interest income

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

 
1.6

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Property improvements
-
10%
Fixtures and fittings
-
25%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.8

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.

 
1.9

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.

Page 5

 
DI MINNO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies (continued)

 
1.10

Creditors

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


2.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Prepayments & Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.


3.


Employees

2024
2023
£
£

Wages and salaries
282,792
148,399

Social security costs
31,870
9,348

Cost of defined contribution scheme
2,350
2,652

317,012
160,399


The average monthly number of employees, including directors, during the year was 7 (2023 - 6).

Page 6

 
DI MINNO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
133,079
254,478
2,296
389,853


Additions
-
11,423
962
12,385



At 30 April 2024

133,079
265,901
3,258
402,238



Depreciation


At 1 May 2023
15,976
83,107
708
99,791


Charge for the year on owned assets
13,308
65,969
754
80,031



At 30 April 2024

29,284
149,076
1,462
179,822



Net book value



At 30 April 2024
103,795
116,825
1,796
222,416



At 30 April 2023
117,102
171,371
1,589
290,062


5.


Debtors

2024
2023
£
£


Other debtors
185,532
221,153

Prepayments and accrued income
58,484
21,924

244,016
243,077



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,890
6,487

6,890
6,487


Page 7

 
DI MINNO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
42,121
43,537

Amounts owed to group undertakings
1,406,228
1,406,227

Other taxation and social security
11,589
2,066

Other creditors
2,038,283
757,796

Accruals and deferred income
1,500
1,500

3,499,721
2,211,126



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinay shares of £0.10 each
100
100



9.


Reserves

Profit and loss account

The profit and loss reserve is fully distributable.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,350 (2023 £2,652). Contributions totalling £852 (2023 £483) were payable to the fund at the balance sheet date and are included in creditors.


11.


Controlling party

The ultimate controlling party is Di Minno LLC, a company incorporated in US.

 
Page 8