Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30No description of principal activity2023-08-15false1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalsetrue 15074112 2023-08-14 15074112 2023-08-15 2024-06-30 15074112 2022-07-01 2023-08-14 15074112 2024-06-30 15074112 c:Director1 2023-08-15 2024-06-30 15074112 d:ComputerSoftware 2023-08-15 2024-06-30 15074112 d:ComputerSoftware 2024-06-30 15074112 d:CurrentFinancialInstruments 2024-06-30 15074112 d:Non-currentFinancialInstruments 2024-06-30 15074112 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 15074112 d:ShareCapital 2024-06-30 15074112 d:MergerReserve 2024-06-30 15074112 d:RetainedEarningsAccumulatedLosses 2024-06-30 15074112 c:FRS102 2023-08-15 2024-06-30 15074112 c:AuditExempt-NoAccountantsReport 2023-08-15 2024-06-30 15074112 c:FullAccounts 2023-08-15 2024-06-30 15074112 c:PrivateLimitedCompanyLtd 2023-08-15 2024-06-30 15074112 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-08-15 2024-06-30 15074112 e:PoundSterling 2023-08-15 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 15074112









FUNFAIR TECHNOLOGIES HOLDINGS (UK) LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
FUNFAIR TECHNOLOGIES HOLDINGS (UK) LTD
REGISTERED NUMBER: 15074112

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
Note
£

Fixed assets
  

Intangible assets
 2 
2,939,939

  
2,939,939

Current assets
  

Debtors: amounts falling due after more than one year
 3 
11,238,737

Debtors: amounts falling due within one year
 3 
131,392

  
11,370,129

Creditors: amounts falling due within one year
 4 
(606,217)

Net current assets
  
 
 
10,763,912

Total assets less current liabilities
  
13,703,851

  

Net assets
  
13,703,851


Capital and reserves
  

Called up share capital 
  
64

Reserves
  
12,072,527

Profit and loss account
  
1,631,260

  
13,703,851


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 period 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 27 March 2025.



Page 1

 
FUNFAIR TECHNOLOGIES HOLDINGS (UK) LTD
REGISTERED NUMBER: 15074112
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024


M O'Connor
Director

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

Page 2

 
FUNFAIR TECHNOLOGIES HOLDINGS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.Accounting policies

 
1.1

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:

 
1.2

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.

 
1.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market.
Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting date.

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.

 
1.4

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 3

 
FUNFAIR TECHNOLOGIES HOLDINGS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.Accounting policies (continued)

 
1.5

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.

 
1.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


Intangible assets



Digital Assets

£



Cost


Additions
3,309,358


Disposals
(1,883,181)


Revaluation surplus
1,513,762



At 30 June 2024

2,939,939






Net book value



At 30 June 2024
2,939,939



Page 4

 
FUNFAIR TECHNOLOGIES HOLDINGS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

3.


Debtors

2024
£

Due after more than one year

Amounts owed by group undertakings
11,238,737

11,238,737


2024
£

Due within one year

Amounts owed by related undertakings
131,392

131,392



4.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
18,010

Other creditors
588,207

606,217


 
Page 5