Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseThe creation of digital assets118falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14198634 2023-07-01 2024-06-30 14198634 2022-06-27 2023-06-30 14198634 2024-06-30 14198634 2023-06-30 14198634 c:Director1 2023-07-01 2024-06-30 14198634 d:MotorVehicles 2023-07-01 2024-06-30 14198634 d:MotorVehicles 2024-06-30 14198634 d:MotorVehicles 2023-06-30 14198634 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 14198634 d:ComputerEquipment 2023-07-01 2024-06-30 14198634 d:ComputerEquipment 2024-06-30 14198634 d:ComputerEquipment 2023-06-30 14198634 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 14198634 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 14198634 d:CurrentFinancialInstruments 2024-06-30 14198634 d:CurrentFinancialInstruments 2023-06-30 14198634 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14198634 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 14198634 d:RetainedEarningsAccumulatedLosses 2024-06-30 14198634 d:RetainedEarningsAccumulatedLosses 2023-06-30 14198634 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 14198634 c:FRS102 2023-07-01 2024-06-30 14198634 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14198634 c:FullAccounts 2023-07-01 2024-06-30 14198634 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14198634 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 14198634









SUPERDUPER3 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
SUPERDUPER3 LTD
REGISTERED NUMBER: 14198634

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
6,191
13,306

  
6,191
13,306

Current assets
  

Debtors: amounts falling due within one year
 6 
1,066,939
600,714

Cash at bank and in hand
 7 
121,324
52,222

  
1,188,263
652,936

Creditors: amounts falling due within one year
 8 
(6,782,441)
(3,012,936)

Net current liabilities
  
 
 
(5,594,178)
 
 
(2,360,000)

Total assets less current liabilities
  
(5,587,987)
(2,346,694)

Provisions for liabilities
  

Deferred tax
  
(1,548)
(3,327)

  
 
 
(1,548)
 
 
(3,327)

Net liabilities
  
(5,589,535)
(2,350,021)


Capital and reserves
  

Profit and loss account
  
(5,589,535)
(2,350,021)

  
(5,589,535)
(2,350,021)


Page 1

 
SUPERDUPER3 LTD
REGISTERED NUMBER: 14198634
    
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 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: 




Mr J Carnell
Director

Date: 1 April 2025

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

Page 2

 
SUPERDUPER3 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is a private company limited by shares incorporated in England and Wales. The address of
its registered office is: 20 Gracechurch Street, 11th Floor, London EC3V 9DH. The financial statements
are prepared in GBP ("£") which is the functional and presentational currency of the primary economic
environment in which the company operates.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis of accounting. The directors have a reasonable expectation that the Company has adequate means to implement its growth plans, continue in operational existence and meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion the directors have prepared financial forecast extending to June 2025 which shows excess of liquid resources to meet the Company's liabilities as they fall due.

 
2.3

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:

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.

Page 3

 
SUPERDUPER3 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
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.

 
2.5

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.

 
2.6

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 4

 
SUPERDUPER3 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
33%
Reducing balance
Computer equipment
-
33%
Reducing balance

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
SUPERDUPER3 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.


4.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 8).

Page 6

 
SUPERDUPER3 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
5,000
12,397
17,397


Additions
-
2,949
2,949


Disposals
(5,000)
-
(5,000)



At 30 June 2024

-
15,346
15,346



Depreciation


At 1 July 2023
-
4,091
4,091


Charge for the year on owned assets
-
5,064
5,064



At 30 June 2024

-
9,155
9,155



Net book value



At 30 June 2024
-
6,191
6,191

Page 7

 
SUPERDUPER3 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
657,397
-

Other debtors
409,542
600,714

1,066,939
600,714



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
121,324
52,222

121,324
52,222



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
20,140
-

Other taxation and social security
49,551
30,059

Other creditors
6,684,249
2,967,877

Accruals and deferred income
28,501
15,000

6,782,441
3,012,936


Page 8

 
SUPERDUPER3 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Deferred taxation



2024


£






At beginning of year
3,327


Charged to profit or loss
(1,779)



At end of year
1,548

The provision for deferred taxation is made up as follows:

2024
£


Accelerated capital allowances
1,548

1,548


10.


Related party transactions

During the current year loan accounts existed between Superduper3 Ltd and other companies in which the director is a director and shareholder. These loan are interest free and repayable/receivable on demand (see below).


2024
£

Amounts owed by the company and is shown in other creditors
6,684,248
Amounts owed by the company and is shown in other debtors
197,657
6,881,905

 
Page 9