Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31truefalse2024-01-01falseVideo production, Sound recording and music publishing activities1022trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13703892 2024-01-01 2024-12-31 13703892 2023-01-01 2023-12-31 13703892 2024-12-31 13703892 2023-12-31 13703892 c:Director1 2024-01-01 2024-12-31 13703892 d:FurnitureFittings 2024-01-01 2024-12-31 13703892 d:FurnitureFittings 2024-12-31 13703892 d:FurnitureFittings 2023-12-31 13703892 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13703892 d:ComputerEquipment 2024-01-01 2024-12-31 13703892 d:ComputerEquipment 2024-12-31 13703892 d:ComputerEquipment 2023-12-31 13703892 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13703892 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13703892 d:CurrentFinancialInstruments 2024-12-31 13703892 d:CurrentFinancialInstruments 2023-12-31 13703892 d:ShareCapital 2024-12-31 13703892 d:ShareCapital 2023-12-31 13703892 d:RetainedEarningsAccumulatedLosses 2024-12-31 13703892 d:RetainedEarningsAccumulatedLosses 2023-12-31 13703892 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 13703892 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 13703892 c:OrdinaryShareClass1 2024-01-01 2024-12-31 13703892 c:OrdinaryShareClass1 2024-12-31 13703892 c:OrdinaryShareClass1 2023-12-31 13703892 c:FRS102 2024-01-01 2024-12-31 13703892 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13703892 c:FullAccounts 2024-01-01 2024-12-31 13703892 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13703892 2 2024-01-01 2024-12-31 13703892 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13703892










LUNAR X UK LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
LUNAR X UK LTD
REGISTERED NUMBER: 13703892

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Fixed assets
  

Tangible assets
 4 
3,159
17,813

  
3,159
17,813

Current assets
  

Debtors: amounts falling due within one year
 5 
3,878
402,681

Cash at bank and in hand
 6 
32,783
80,381

  
36,661
483,062

Creditors: amounts falling due within one year
 7 
(92,015)
(513,606)

Net current liabilities
  
 
 
(55,354)
 
 
(30,544)

Deferred taxation
 8 
(789)
(4,453)

  
 
 
(789)
 
 
(4,453)

Net liabilities
  
(52,984)
(17,184)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(53,084)
(17,284)

  
(52,984)
(17,184)


Page 1

 
LUNAR X UK LTD
REGISTERED NUMBER: 13703892

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 year 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 company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 




L Kollmann
Director

Date: 20 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
LUNAR X UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Lunar X UK Ltd is a company limited by shares and incorporated in England and Wales.
The registered office is 2 Communications Road, Greenham Business Park, Newbury, Berkshire, RG19 6AB.

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 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 directors have confirmed that they consider that appropriate sources of funding are in place to enable the company to meet current and future expected liabilities for at least 12 months from the date of approval of the financial statements.

 
2.3

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.

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
LUNAR X UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

  
2.4

Revenue recognition

Revenue from contracts with customers is recognised when control of the goods or services are transferred to the customer at an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. Revenue represents the total amount receivable for the sales of goods and services, excluding sales taxes, sold in the ordinary course of business. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes
Accrued income is recognised when the receipt of consideration is calculated and received in periods after the supply.
Trade and other receivables are initially measured at fair value and subsequently measured at amortised cost less any provision for impairment. A provision for impairment is established when based on an expected loss model.
The company does not expect to have any contracts where the period between the transfer of the promised goods or services to the customer and payment by the customer exceeds one year. As a consequence, the company does not adjust any of the transaction prices for the time value of money.

 
2.5

Interest income

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

 
2.6

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 Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 4

 
LUNAR X UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year 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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
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.

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:

Fixtures and fittings
-
20%
Computer equipment
-
50%

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

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.

Page 5

 
LUNAR X UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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 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.

 
2.12

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, loans to related parties and investments in ordinary shares.

  
2.13

Intercompany recharges

The company provides services to other entities within the group and accounts for this as other operating income.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Staff and directors
10
22

Page 6

 
LUNAR X UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
1,560
44,853
46,413


Additions
-
999
999


Disposals
-
(21,639)
(21,639)



At 31 December 2024

1,560
24,213
25,773



Depreciation


At 1 January 2024
445
28,155
28,600


Charge for the year on owned assets
312
14,117
14,429


Disposals
-
(20,415)
(20,415)



At 31 December 2024

757
21,857
22,614



Net book value



At 31 December 2024
803
2,356
3,159



At 31 December 2023
1,115
16,698
17,813

Page 7

 
LUNAR X UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
80
1,170

Other debtors
1,303
12,289

Prepayments and accrued income
2,495
389,222

3,878
402,681



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
32,783
80,381



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
8,783
35,857

Amounts owed to group undertakings
6,921
-

Other taxation and social security
43,098
52,773

Other creditors
2,125
17,132

Accruals and deferred income
31,088
407,844

92,015
513,606


Page 8

 
LUNAR X UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Deferred taxation




2024


£






At beginning of year
(4,453)


Charged to profit or loss
3,664



At end of year
(789)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(789)
(4,453)

(789)
(4,453)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary Shares shares of £1.00 each
100
100



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 £6,623 (2023 - £15,106). Contributions totalling £514 (2023 - £NIL) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

The company has taken advantage of the disclosure exemption available under FRS 102 Section 33.1A not to disclose transactions entered into between 100% owned group companies.


12.


Controlling party

The company is under the control of Lunar X GmbH by virtue of its majority shareholding in the company.


Page 9