Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-01falseNo description of principal activity910falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10466048 2024-01-01 2024-12-31 10466048 2024-12-31 10466048 2023-01-01 2023-12-31 10466048 2023-12-31 10466048 c:CompanySecretary1 2024-01-01 2024-12-31 10466048 c:Director1 2024-01-01 2024-12-31 10466048 c:Director2 2024-01-01 2024-12-31 10466048 c:Director4 2024-01-01 2024-12-31 10466048 c:Director5 2024-01-01 2024-12-31 10466048 c:RegisteredOffice 2024-01-01 2024-12-31 10466048 d:FurnitureFittings 2024-01-01 2024-12-31 10466048 d:FurnitureFittings 2024-12-31 10466048 d:FurnitureFittings 2023-12-31 10466048 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10466048 d:ComputerEquipment 2024-01-01 2024-12-31 10466048 d:ComputerEquipment 2024-12-31 10466048 d:ComputerEquipment 2023-12-31 10466048 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10466048 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10466048 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 10466048 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 10466048 d:CurrentFinancialInstruments 2024-12-31 10466048 d:CurrentFinancialInstruments 2023-12-31 10466048 d:Non-currentFinancialInstruments 2024-12-31 10466048 d:Non-currentFinancialInstruments 2023-12-31 10466048 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10466048 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10466048 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 10466048 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10466048 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 10466048 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 10466048 d:ShareCapital 2024-12-31 10466048 d:ShareCapital 2023-12-31 10466048 d:RetainedEarningsAccumulatedLosses 2024-12-31 10466048 d:RetainedEarningsAccumulatedLosses 2023-12-31 10466048 c:FRS102 2024-01-01 2024-12-31 10466048 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10466048 c:FullAccounts 2024-01-01 2024-12-31 10466048 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10466048 d:WithinOneYear 2024-12-31 10466048 d:WithinOneYear 2023-12-31 10466048 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 10466048 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-01-01 2024-12-31 10466048 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 10466048







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


LENDWISE LTD






































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LENDWISE LTD
 


 
COMPANY INFORMATION


Directors
I Georgiou 
K Mouzouros 
R Zaveri 
A Loizides 




Company secretary
Norose Company Secretarial Services Limited



Registered number
10466048



Registered office
3 More London Riverside

London

United Kingdom

SE1 2AQ




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


LENDWISE LTD
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


LENDWISE LTD
REGISTERED NUMBER:10466048



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
262,634
147,946

Tangible assets
 5 
1,135
3,139

  
263,769
151,085

Current assets
  

Debtors: amounts falling due within one year
 6 
112,702
102,524

Cash at bank and in hand
  
369,673
790,827

  
482,375
893,351

Creditors: amounts falling due within one year
 7 
(221,469)
(511,756)

Net current assets
  
 
 
260,906
 
 
381,595

Total assets less current liabilities
  
524,675
532,680

Creditors: amounts falling due after more than one year
 8 
(2,083)
(7,083)

  

Net assets
  
522,592
525,597


Capital and reserves
  

Allotted, called up and fully paid share capital
  
3,294,947
3,294,947

Profit and loss account
  
(2,772,355)
(2,769,350)

  
522,592
525,597


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.
 
Page 1

 


LENDWISE LTD
REGISTERED NUMBER:10466048


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024


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 income and retained earnings 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: 



................................................
R Zaveri
Director

Date: 17 April 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


LENDWISE LTD
 


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

1.


General information

Lendwise Ltd is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The address of the registered office, which is also the principal place of business, is disclosed 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 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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP, rounded to the nearest pound.

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.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

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.

Page 3

 


LENDWISE LTD
 


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

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings
-
3 years straight line
Computer equipment
-
3 years straight line

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 10).

Page 4

 


LENDWISE LTD
 


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

4.


Intangible assets




Development expenditure

£



Cost


At 1 January 2024
155,184


Additions
145,926



At 31 December 2024

301,110



Amortisation


At 1 January 2024
7,238


Charge for the year
31,238



At 31 December 2024

38,476



Net book value



At 31 December 2024
262,634



At 31 December 2023
147,946



Page 5

 


LENDWISE LTD
 


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

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
2,246
10,087
12,333


Additions
-
405
405



At 31 December 2024

2,246
10,492
12,738



Depreciation


At 1 January 2024
2,134
7,060
9,194


Charge for the year
67
2,342
2,409



At 31 December 2024

2,201
9,402
11,603



Net book value



At 31 December 2024
45
1,090
1,135



At 31 December 2023
112
3,027
3,139

Page 6

 


LENDWISE LTD
 


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

6.


Debtors

2024
2023
£
£


Other debtors
31,635
26,819

Prepayments and accrued income
81,067
75,705

112,702
102,524



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,000
5,000

Trade creditors
27,601
54,899

Amounts owed to group entities
147,131
423,417

Other taxation and social security
11,399
15,663

Other creditors
105
-

Accruals and deferred income
30,233
12,777

221,469
511,756


The loan included in creditors is a bounce-back loan obtained with the support of the government scheme. A rate of 2.5% interest is charged on this loan.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,083
7,083


Page 7

 


LENDWISE LTD
 


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

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,000
5,000


Amounts falling due 2-5 years

Bank loans
2,083
7,083


7,083
12,083



10.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
45,540
71,208

 
Page 8