Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-3032023-12-01falseOther information technology service activities3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11677431 2023-12-01 2024-11-30 11677431 2022-12-01 2023-11-30 11677431 2024-11-30 11677431 2023-11-30 11677431 c:Director1 2023-12-01 2024-11-30 11677431 d:ComputerEquipment 2023-12-01 2024-11-30 11677431 d:ComputerEquipment 2024-11-30 11677431 d:ComputerEquipment 2023-11-30 11677431 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 11677431 d:CurrentFinancialInstruments 2024-11-30 11677431 d:CurrentFinancialInstruments 2023-11-30 11677431 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 11677431 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11677431 d:ShareCapital 2024-11-30 11677431 d:ShareCapital 2023-11-30 11677431 d:SharePremium 2024-11-30 11677431 d:SharePremium 2023-11-30 11677431 d:RetainedEarningsAccumulatedLosses 2024-11-30 11677431 d:RetainedEarningsAccumulatedLosses 2023-11-30 11677431 c:OrdinaryShareClass1 2023-12-01 2024-11-30 11677431 c:OrdinaryShareClass1 2024-11-30 11677431 c:OrdinaryShareClass1 2023-11-30 11677431 c:OrdinaryShareClass2 2023-12-01 2024-11-30 11677431 c:OrdinaryShareClass2 2024-11-30 11677431 c:OrdinaryShareClass2 2023-11-30 11677431 c:FRS102 2023-12-01 2024-11-30 11677431 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11677431 c:FullAccounts 2023-12-01 2024-11-30 11677431 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11677431 e:PoundSterling 2023-12-01 2024-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11677431









MORTA TECHNOLOGY LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
MORTA TECHNOLOGY LTD
REGISTERED NUMBER: 11677431

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
1,173
1,989

  
1,173
1,989

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
69,819
125,194

Cash at bank and in hand
  
60,587
9,729

  
130,406
134,923

Creditors: amounts falling due within one year
 6 
(196,920)
(142,854)

NET CURRENT LIABILITIES
  
 
 
(66,514)
 
 
(7,931)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(65,341)
(5,942)

  

NET LIABILITIES
  
(65,341)
(5,942)


CAPITAL AND RESERVES
  

Called up share capital 
 7 
103
103

Share premium account
  
295,979
295,979

Profit and loss account
  
(361,423)
(302,024)

  
(65,341)
(5,942)


Page 1

 
MORTA TECHNOLOGY LTD
REGISTERED NUMBER: 11677431
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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: 




M Shana'a
Director

Date: 29 April 2025

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

Page 2

 
MORTA TECHNOLOGY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


GENERAL INFORMATION

Morta Technology Ltd is a private Company limited by shares and was incorporated in England and Wales. Its registered office address is 20-22 Wenlock Road, London, England, N1 7GU.
The functional and presentational currency is GBP.

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

The financial statements have been prepared on the going concern basis which assumes that the Company will continue as a going concern for the foreseeable future. The trading losses reported to date are consistent with the Company's business plan as it progresses its research and development activities.
Given the investment received, together with the development progress achieved, the directors have a reasonable expectation that the Company will be able to meet its liabilities as they fall due for the foreseeable future and therefore continue to adopt the going concern basis.

 
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. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.4

RESEARCH AND DEVELOPMENT

Research and development costs are recognised in the Profit and Loss Account in the period in which they are incurred. 

Page 3

 
MORTA TECHNOLOGY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
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.

 
2.6

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.

 
2.7

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.


 
2.8

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

 
MORTA TECHNOLOGY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.8
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
MORTA TECHNOLOGY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


TANGIBLE FIXED ASSETS





Computer equipment

£



COST OR VALUATION


At 1 December 2023
9,666



At 30 November 2024

9,666



DEPRECIATION


At 1 December 2023
7,677


Charge for the year on owned assets
816



At 30 November 2024

8,493



NET BOOK VALUE



At 30 November 2024
1,173



At 30 November 2023
1,989

Page 6

 
MORTA TECHNOLOGY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£


Trade debtors
59,587
71,822

Other debtors
8,032
50,505

Prepayments and accrued income
2,200
2,867

69,819
125,194



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
9,052
7,764

Other taxation and social security
23,166
16,637

Other creditors
10,432
12,279

Accruals and deferred income
154,270
106,174

196,920
142,854


Other creditors include contributions of £670 (2023 - £672) payable to Company's defined contribution pension scheme at the balance sheet date.


7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1,022,040 (2023 - 1,022,000) Ordinary shares of £0.0001 each
102.20
102.20
3,750 (2023 - 3,800) B Ordinary shares of £0.0001 each
0.38
0.38

102.58

102.58

ALLOTTED, CALLED UP AND UNPAID



4,020 (2023 - 4,020) Ordinary shares of £0.0001 each
0.40
0.40


 
Page 7