Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30truefalse8No description of principal activity122023-07-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09332792 2023-07-01 2024-06-30 09332792 2022-07-01 2023-06-30 09332792 2024-06-30 09332792 2023-06-30 09332792 c:Director1 2023-07-01 2024-06-30 09332792 d:CurrentFinancialInstruments 2024-06-30 09332792 d:CurrentFinancialInstruments 2023-06-30 09332792 d:Non-currentFinancialInstruments 2024-06-30 09332792 d:Non-currentFinancialInstruments 2023-06-30 09332792 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09332792 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09332792 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 09332792 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09332792 d:ShareCapital 2024-06-30 09332792 d:ShareCapital 2023-06-30 09332792 d:RetainedEarningsAccumulatedLosses 2024-06-30 09332792 d:RetainedEarningsAccumulatedLosses 2023-06-30 09332792 c:FRS102 2023-07-01 2024-06-30 09332792 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09332792 c:FullAccounts 2023-07-01 2024-06-30 09332792 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09332792 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 09332792



 
 
MONEY RELEASE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024

 
MONEY RELEASE LIMITED
REGISTERED NUMBER:09332792

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
156,714
91,644

Cash at bank and in hand
  
33,124
8,178

  
189,838
99,822

Creditors: amounts falling due within one year
 5 
(95,826)
(62,437)

Net current assets
  
 
 
94,012
 
 
37,385

Total assets less current liabilities
  
94,012
37,385

Creditors: amounts falling due after more than one year
 6 
(78,000)
(94,000)

Net assets/(liabilities)
  
16,012
(56,615)


Capital and reserves
  

Allotted, called up and fully paid share capital
  
280,255
280,255

Profit and loss account
  
(264,243)
(336,870)

  
16,012
(56,615)

Page 1

 
MONEY RELEASE LIMITED
REGISTERED NUMBER:09332792
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 21 March 2025.





A P Beamish
Director

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

Page 2

 
MONEY RELEASE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Money Release Limited is incorporated and domiciled in England and Wales.  The registered office is Harwood House, 43 Harwood Road, London, SW6 4QP.  The principal place of business is 9 Linnet Gardens, Portishead, Bristol, BS20 7NB.

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

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Financial instruments

The Company only enters into basic financial instruments 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 with related parties.

 
2.4

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 3

 
MONEY RELEASE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

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 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.



3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 12).


4.


Debtors

2024
2023
£
£


Other debtors
54
54

Prepayments and accrued income
156,660
91,590

156,714
91,644


Page 4

 
MONEY RELEASE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
9,373
8,375

Amounts owed to group undertakings
5,753
5,753

Corporation tax
23,268
4,994

Other taxation and social security
54,312
41,603

Other creditors
3,120
1,712

95,826
62,437



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
78,000
94,000


 
Page 5