Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-222The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-011falsetrueNo description of principal activitytruefalse 14652862 2024-01-01 2024-12-31 14652862 2023-02-09 2023-12-31 14652862 2024-12-31 14652862 2023-12-31 14652862 c:Director1 2024-01-01 2024-12-31 14652862 d:CurrentFinancialInstruments 2024-12-31 14652862 d:CurrentFinancialInstruments 2023-12-31 14652862 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14652862 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14652862 d:ShareCapital 2024-12-31 14652862 d:ShareCapital 2023-12-31 14652862 d:RetainedEarningsAccumulatedLosses 2024-12-31 14652862 d:RetainedEarningsAccumulatedLosses 2023-12-31 14652862 c:FRS102 2024-01-01 2024-12-31 14652862 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14652862 c:FullAccounts 2024-01-01 2024-12-31 14652862 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14652862 2 2024-01-01 2024-12-31 14652862 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 14652862









ESSENSIUM UK LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ESSENSIUM UK LTD
REGISTERED NUMBER: 14652862

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,652
566

Cash at bank and in hand
 5 
18,608
20,000

  
20,260
20,566

Creditors: amounts falling due within one year
 6 
(180,636)
(141,941)

Net current liabilities
  
 
 
(160,376)
 
 
(121,375)

  

Net liabilities
  
(160,376)
(121,375)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(160,476)
(121,475)

  
(160,376)
(121,375)


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 year 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 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 on 22 May 2025.




Filip Buerms
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
ESSENSIUM UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The company is a private company, limited by share capital, and registered in England and Wales. Its registered office is 124 Finchley Road, London, NW3 5JS.

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 company shows net current liabilities at the balance sheet date of £160,376. The company has received confirmation from its parent company Essensium NV that the company will receive the financial support it requires to enable it to meet its liabilities as they fall due.
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

 
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.

 
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.

Page 2

 
ESSENSIUM UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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 statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
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.


3.


Employees



The average monthly number of employees, including directors, during the year was 2 (2023 - 1).


4.


Debtors

2024
2023
£
£


Other debtors
1,652
566

1,652
566

Page 3

 
ESSENSIUM UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.Debtors (continued)



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
18,608
20,000

18,608
20,000



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
170,849
106,681

Other taxation and social security
4,303
-

Other creditors
4,007
-

Accruals and deferred income
1,477
35,260

180,636
141,941



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £21,583.


8.


Related party transactions

At the reporting date, the company owed £170,849 (2023: £106,681) to its parent company, Essensium NV. This is a result of cash flow support and transfer price agreements charged throughout the group. 
During the year, the company had receivable income of £203,523 (2023: £Nil) and received cash injections/expenses paid on their behalf of £269,168 (2023: £106,681) from Essensium NV.


9.


Controlling party

The company's share capital is 100% owned by Essensium NV, a company with a registered address of Gaston Geenslaan, 9 3001, Louvain, Belgium. Mr Filip Buerms and Mr André Oosterlinck are the ultimate controlling parties by way of ultimate ownership of group share capital.

 
Page 4