Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-3101truefalse2024-04-02falseNo description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15610183 2024-04-01 15610183 2024-04-02 2024-12-31 15610183 2023-05-01 2024-04-01 15610183 2024-12-31 15610183 c:Director1 2024-04-02 2024-12-31 15610183 d:CurrentFinancialInstruments 2024-12-31 15610183 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15610183 d:ShareCapital 2024-04-02 2024-12-31 15610183 d:ShareCapital 2024-12-31 15610183 d:RetainedEarningsAccumulatedLosses 2024-04-02 2024-12-31 15610183 d:RetainedEarningsAccumulatedLosses 2024-12-31 15610183 c:OrdinaryShareClass1 2024-04-02 2024-12-31 15610183 c:OrdinaryShareClass1 2024-12-31 15610183 c:FRS102 2024-04-02 2024-12-31 15610183 c:AuditExempt-NoAccountantsReport 2024-04-02 2024-12-31 15610183 c:FullAccounts 2024-04-02 2024-12-31 15610183 c:PrivateLimitedCompanyLtd 2024-04-02 2024-12-31 15610183 e:PoundSterling 2024-04-02 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15610183










DEEPTECH FUTURES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
DEEPTECH FUTURES LIMITED
REGISTERED NUMBER: 15610183

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

9 months to 31 December 2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
17,091

Cash at bank and in hand
  
463

  
17,554

Creditors: amounts falling due within one year
 5 
(56,184)

Net current (liabilities)/assets
  
 
 
(38,630)

Total assets less current liabilities
  
(38,630)

  

Net (liabilities)/assets
  
(38,630)


Capital and reserves
  

Called up share capital 
 6 
1

Profit and loss account
  
(38,631)

  
(38,630)


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 period 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 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 17 March 2025.

G A Suttie
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
DEEPTECH FUTURES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Loss for the period
-
(38,631)
(38,631)
Total comprehensive income for the period
-
(38,631)
(38,631)


Contributions by and distributions to owners

Shares issued during the period
1
-
1


At 31 December 2024
1
(38,631)
(38,630)

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DEEPTECH FUTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Deeptech Futures Limited is a private company limited by shares, incorporated in England and Wales, registered number 15610183. The Company's registered and trading address is 11 Bernwelle Avenue, Havering, United Kingdom, RM3 9FA.
The Company was incorporated and commenced trade on 2 April 2024.
The principal activity is global start-up and scale-up recruitment. 

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

Going concern

During the year the Company made a loss of £38,361 and as at the year end the Company had net
liabilities of £38,630 and a cash position of £463. The financial statements have been prepared on
a going concern basis. The directors consider there to be sufficient existing resources to operate for
the foreseeable future and to enable the Company to meet its liabilities as they fall due. The
Company has continued support from shareholders and investors. The Board has concluded that the
going concern assumption is appropriate in preparing these financial statements.

Page 3

 
DEEPTECH FUTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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'.

 
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:

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.

 
2.5

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.

Page 4

 
DEEPTECH FUTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.7

Debtors

Short-term debtors are measured at transaction price, 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..

 
2.9

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 5

 
DEEPTECH FUTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Debtors

2024
£


Trade debtors
15,588

Other debtors
1,503

17,091



5.


Creditors: Amounts falling due within one year

2024
£

Other loans
45,769

Trade creditors
2,781

Accruals
7,634

56,184


Included within other loans is a loan of £45,769 with interest compounding annually at 10%, the loan is repayable on demand.

Page 6

 
DEEPTECH FUTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

6.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £0.01 each
1


Upon incorporation, 100 Ordinary shares of £0.01 per share were issued.

 
Page 7