Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312022-07-01falseProviding finance and knowldge to start up companies167falsetrue 13448458 2022-07-01 2023-12-31 13448458 2021-07-01 2022-06-30 13448458 2023-12-31 13448458 2022-06-30 13448458 2 2022-07-01 2023-12-31 13448458 d:Director1 2022-07-01 2023-12-31 13448458 e:OfficeEquipment 2022-07-01 2023-12-31 13448458 e:OfficeEquipment 2023-12-31 13448458 e:OfficeEquipment 2022-06-30 13448458 e:OfficeEquipment e:OwnedOrFreeholdAssets 2022-07-01 2023-12-31 13448458 e:ComputerEquipment 2022-07-01 2023-12-31 13448458 e:ComputerEquipment 2023-12-31 13448458 e:ComputerEquipment 2022-06-30 13448458 e:ComputerEquipment e:OwnedOrFreeholdAssets 2022-07-01 2023-12-31 13448458 e:OwnedOrFreeholdAssets 2022-07-01 2023-12-31 13448458 e:CurrentFinancialInstruments 2023-12-31 13448458 e:CurrentFinancialInstruments 2022-06-30 13448458 e:CurrentFinancialInstruments e:WithinOneYear 2023-12-31 13448458 e:CurrentFinancialInstruments e:WithinOneYear 2022-06-30 13448458 e:ShareCapital 2022-07-01 2023-12-31 13448458 e:ShareCapital 2023-12-31 13448458 e:ShareCapital 2021-07-01 2022-06-30 13448458 e:ShareCapital 2022-06-30 13448458 e:SharePremium 2022-07-01 2023-12-31 13448458 e:SharePremium 2023-12-31 13448458 e:SharePremium 2 2022-07-01 2023-12-31 13448458 e:SharePremium 2021-07-01 2022-06-30 13448458 e:SharePremium 2022-06-30 13448458 e:OtherMiscellaneousReserve 2023-12-31 13448458 e:OtherMiscellaneousReserve 2 2022-07-01 2023-12-31 13448458 e:OtherMiscellaneousReserve 2022-06-30 13448458 e:RetainedEarningsAccumulatedLosses 2022-07-01 2023-12-31 13448458 e:RetainedEarningsAccumulatedLosses 2023-12-31 13448458 e:RetainedEarningsAccumulatedLosses 2 2022-07-01 2023-12-31 13448458 e:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 13448458 e:RetainedEarningsAccumulatedLosses 2022-06-30 13448458 d:OrdinaryShareClass1 2022-07-01 2023-12-31 13448458 d:OrdinaryShareClass1 2023-12-31 13448458 d:OrdinaryShareClass1 2022-06-30 13448458 d:OrdinaryShareClass2 2022-07-01 2023-12-31 13448458 d:OrdinaryShareClass2 2023-12-31 13448458 d:FRS102 2022-07-01 2023-12-31 13448458 d:Audited 2022-07-01 2023-12-31 13448458 d:FullAccounts 2022-07-01 2023-12-31 13448458 d:PrivateLimitedCompanyLtd 2022-07-01 2023-12-31 13448458 e:WithinOneYear 2023-12-31 13448458 e:WithinOneYear 2022-06-30 13448458 d:SmallCompaniesRegimeForAccounts 2022-07-01 2023-12-31 13448458 6 2022-07-01 2023-12-31 13448458 e:ShareCapital 2 2022-07-01 2023-12-31 13448458 f:PoundSterling 2022-07-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13448458









BLOCK DOJO INVESTMENTS LIMITED (FORMERLY BLOCK DOJO LIMITED)









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE 18 MONTH PERIOD ENDED 31 DECEMBER 2023

 
BLOCK DOJO INVESTMENTS LIMITED (FORMERLY BLOCK DOJO LIMITED)
REGISTERED NUMBER: 13448458

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

31 December
30 June
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,276
14,125

Investments
 5 
317,643
46,280

  
324,919
60,405

Current assets
  

Debtors: amounts falling due within one year
 6 
44,642
41,419

Cash at bank and in hand
  
147,768
910,220

  
192,410
951,639

Creditors: amounts falling due within one year
 7 
(444,089)
(53,194)

Net current (liabilities)/assets
  
 
 
(251,679)
 
 
898,445

Total assets less current liabilities
  
73,240
958,850

  

Net assets
  
73,240
958,850


Capital and reserves
  

Called up share capital 
  
26,113
13,124

Share premium account
  
2,400,783
1,996,336

Other reserves
  
1,500,000
-

Profit and loss account
  
(3,853,656)
(1,050,610)

  
73,240
958,850


Page 1

 
BLOCK DOJO INVESTMENTS LIMITED (FORMERLY BLOCK DOJO LIMITED)
REGISTERED NUMBER: 13448458
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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: 




J R Marchant
Director

Date: 17 December 2024

The notes on pages 4 to 11 form part of these financial statements.

Page 2
 

 
BLOCK DOJO INVESTMENTS LIMITED (FORMERLY BLOCK DOJO LIMITED)


 

STATEMENT OF CHANGES IN EQUITY
FOR THE 18 MONTH PERIOD ENDED 31 DECEMBER 2023



Called up share capital
Share premium account
Other reserves
Profit and loss account
Total equity


£
£
£
£
£





Loss for the year
-
-
-
(1,050,610)
(1,050,610)


Shares issued during the year
13,124
1,996,336
-
-
2,009,460





At 1 July 2022
13,124
1,996,336
-
(1,050,610)
958,850





Loss for the 18 month period
-
-
-
(2,803,046)
(2,803,046)


Shares issued during the 18 month period
12,989
404,447
-
-
417,436


Other movement type 1
-
-
1,500,000
-
1,500,000



At 31 December 2023
26,113
2,400,783
1,500,000
(3,853,656)
73,240



The notes on pages 4 to 11 form part of these financial statements.

Page 3
 
BLOCK DOJO INVESTMENTS LIMITED (FORMERLY BLOCK DOJO LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 DECEMBER 2023

1.


General information

Block Dojo Limited (the 'Company') is a company limited by shares, incorporated in England and Wales. 
The Company's principle activity is investing in, and providing training to, investment companies
The Company's registered address is First floor, Radius House, 51 Clarendon Road, Watford, WD17 1HP. The Company's registered number and registered address can be found on the Company Information page.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, and will be able to meet its debts as they fall due. The directors are satisfied that the company has sufficient funds to continue to trade for the foreseeable future.
The Company has made a loss of £2,803,046 in the year. The Company is dependent on the support of continued funding from its parent entity which has indicated its willingness to provide continuing support for the foreseeable future. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is 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.

Page 4

 
BLOCK DOJO INVESTMENTS LIMITED (FORMERLY BLOCK DOJO LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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:

Sponsership income is recognised in the period in which the event that is sponsered occurs.
Commission fee income is recognised when cohorts receive funding from additional funders. This is calculated based on a fixed rate in the share holder agreement.

 
2.5

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.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

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.

 
2.8

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.

Page 5

 
BLOCK DOJO INVESTMENTS LIMITED (FORMERLY BLOCK DOJO LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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:

Office equipment
-
25%
Computer 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.

 
2.9

Valuation of investments

Investments in cohorts are measured at cost less accumulated 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

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method. 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 the Statement of Comprehensive Income.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
 
Page 6

 
BLOCK DOJO INVESTMENTS LIMITED (FORMERLY BLOCK DOJO LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and amounts owed to group undertaking, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and 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.


3.


Employees

The average monthly number of employees, including directors, during the 18 month period was 16 (2022 - 7).

Page 7

 
BLOCK DOJO INVESTMENTS LIMITED (FORMERLY BLOCK DOJO LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets







Office equipment
Computer equipment
Total

£
£
£



Cost 


At 1 July 2022
244
15,661
15,905


Additions
1,586
3,004
4,590


Disposals
-
(8,643)
(8,643)



At 31 December 2023

1,830
10,022
11,852



Depreciation


At 1 July 2022
5
1,775
1,780


Charge for the 18 month period on owned assets
323
6,290
6,613


Disposals
-
(3,817)
(3,817)



At 31 December 2023

328
4,248
4,576



Net book value



At 31 December 2023
1,502
5,774
7,276



At 30 June 2022
239
13,886
14,125


5.


Fixed asset investments








Unlisted investments

£



Cost 


At 1 July 2022
46,280


Additions
271,363



At 31 December 2023
317,643




The investments are secured over a fixed charge by nChain UK Limited over the shares and intellectual property.

Page 8

 
BLOCK DOJO INVESTMENTS LIMITED (FORMERLY BLOCK DOJO LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 DECEMBER 2023

6.


Debtors

31 December
30 June
2023
2022
£
£


Trade debtors
1,799
7,866

Amounts owed by group undertakings
1
150

Other debtors
33,581
17,482

Prepayments and accrued income
9,261
15,921

44,642
41,419


The amounts owed by group undertakings are unsecured, repayable on demand and are interest-free.


7.


Creditors: Amounts falling due within one year

31 December
30 June
2023
2022
£
£

Trade creditors
31,993
27,766

Amounts owed to group undertakings
391,098
-

Other taxation and social security
17,879
21,214

Other creditors
1,779
2,084

Accruals and deferred income
1,340
2,130

444,089
53,194


The amounts owed to group undertakings are unsecured, repayable on demand and bear interest at 8% annually.

Page 9

 
BLOCK DOJO INVESTMENTS LIMITED (FORMERLY BLOCK DOJO LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 DECEMBER 2023

8.


Share capital

31 December
30 June
2023
2022
£
£
Allotted, called up and fully paid



127,802 (2022 - 131,240) Ordinary shares of £0.10 each
12,780
13,124
133,333 (2022 - NIL) Ordinary A shares of £0.10 each
13,333
-

26,113

13,124


During the period 129,895 shares of £0.10 each were issued for total consideration of £417,436.
Both classes of shares rank equally for all purposes, with the exception of the Ordinary A shares which  carry 10 votes for every share held.


9.


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. Contributions totalling £1,777 (2022: £1,570) were payable to the fund at the reporting date and are included in creditors.


10.


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:

31 December
30 June
2023
2022
£
£


Not later than 1 year
45,000
56,000

45,000
56,000


11.


Related party transactions

At year end a balance of £391,098 (2022: £NIL) was due to a group company. Interest of £24,431 (2022: £NIL) was paid to this group company during the year.


12.


Controlling party

The parent undertaking is nChain UK limited.
The registered office and principal place of business is 28-30 Market Place, London, England, W1W 8AP.

Page 10

 
BLOCK DOJO INVESTMENTS LIMITED (FORMERLY BLOCK DOJO LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 31 DECEMBER 2023

13.


Auditors' information

The auditors' report on the financial statements for the 18 month period ended 31 December 2023 was qualified.

The qualification in the audit report was as follows:

Disclaimer of opinion
We do not express an opinion on the accompanying financial statements of the company. Because of the
significance of the matter described in the basis for disclaimer of opinion section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements.
Basis for disclaimer of opinion
Due to the outcome of recent court cases involving persons who served for substantial portions of the period under review as directors of the company and its current parent company, we, as auditors, did not consider it appropriate to place reliance on representations made by or on behalf of the board. As a result of this we were unable to satisfy ourselves over the reliability of the financial statements as a whole.

The audit report was signed on 17 December 2024 by Nick Bishop FCA (Senior Statutory Auditor) on behalf of BKL Audit LLP.

 
Page 11