Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false2024-01-01falseNo description of principal activity113trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14306874 2024-01-01 2024-12-31 14306874 2022-08-19 2023-12-31 14306874 2024-12-31 14306874 2023-12-31 14306874 c:Director1 2024-01-01 2024-12-31 14306874 d:OfficeEquipment 2024-01-01 2024-12-31 14306874 d:OfficeEquipment 2024-12-31 14306874 d:OfficeEquipment 2023-12-31 14306874 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14306874 d:ComputerSoftware 2024-01-01 2024-12-31 14306874 d:ComputerSoftware 2024-12-31 14306874 d:ComputerSoftware 2023-12-31 14306874 d:CurrentFinancialInstruments 2024-12-31 14306874 d:CurrentFinancialInstruments 2023-12-31 14306874 d:Non-currentFinancialInstruments 2024-12-31 14306874 d:Non-currentFinancialInstruments 2023-12-31 14306874 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14306874 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14306874 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 14306874 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14306874 d:ShareCapital 2024-12-31 14306874 d:ShareCapital 2023-12-31 14306874 d:RetainedEarningsAccumulatedLosses 2024-12-31 14306874 d:RetainedEarningsAccumulatedLosses 2023-12-31 14306874 c:FRS102 2024-01-01 2024-12-31 14306874 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14306874 c:FullAccounts 2024-01-01 2024-12-31 14306874 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14306874 d:ComputerSoftware d:InternallyGeneratedIntangibleAssets 2024-01-01 2024-12-31 14306874 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 14306874









KILN TECHNOLOGIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
KILN TECHNOLOGIES LIMITED
REGISTERED NUMBER: 14306874

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
  
381,902
144,646

Tangible assets
 5 
10,413
3,343

  
392,315
147,989

Current assets
  

Debtors: amounts falling due within one year
 6 
84,570
11,136

Cash at bank and in hand
 7 
198,828
157,239

  
283,398
168,375

Creditors: amounts falling due within one year
 8 
(128,469)
(52,546)

Net current assets
  
 
 
154,929
 
 
115,829

Total assets less current liabilities
  
547,244
263,818

Creditors: amounts falling due after more than one year
 9 
(1,426,165)
(859,702)

  

Net liabilities
  
(878,921)
(595,884)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(879,021)
(595,984)

  
(878,921)
(595,884)


Page 1

 
KILN TECHNOLOGIES LIMITED
REGISTERED NUMBER: 14306874
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

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 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 13 June 2025.




L Szabo
Director

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

Page 2

 
KILN TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Kiln Technologies Limited is a private company limited by shares, incorporated in England and Wales (registered number: 14306874) The registered office of the company is 35-41 Folgate Street, London, greater London, England, E1 6BX.
The financial statements are presented in GBP, which is the functional currency of the company. 

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.

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'.

Page 3

 
KILN TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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

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.

 
2.5

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.

 
2.6

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.

Intangible assets consisting of digital assets from staking activities are determined to have an indefinite useful economic life. These assets are therefore not amortised but reviewed and tested for impairment on a regular basis. FRS 102 states that all intangible assets are deemed to have a finite life. Therefore to apply indefinite life requires a true and fair override of FRS 102.Indefinite life best reflect the substance of digital assets.

Page 4

 
KILN TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%

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.

 
2.8

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.

 
2.9

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.

 
2.10

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 11 (2023 - 3).

Page 5

 
KILN TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Digital Assets

£



Cost


At 1 January 2024
144,646


Additions
2,858,381


Disposals
(2,621,125)



At 31 December 2024

381,902






Net book value



At 31 December 2024
381,902



At 31 December 2023
144,646




5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2024
3,873


Additions
10,173



At 31 December 2024

14,046



Depreciation


At 1 January 2024
531


Charge for the year on owned assets
3,102



At 31 December 2024

3,633



Net book value



At 31 December 2024
10,413

Page 6

 
KILN TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
8,298

Other debtors
67,170
2,838

Prepayments and accrued income
17,400
-

84,570
11,136



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
198,828
157,239

198,828
157,239



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,073
253

Other taxation and social security
77,715
22,590

Accruals and deferred income
49,681
29,703

128,469
52,546



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
1,426,165
859,702

1,426,165
859,702


Page 7

 
KILN TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Related party transactions

The company has taken advantage of FRS 102 of the exemption under that standard in relation to related party transactions from the requirement to disclosure with group companies on the ground that consolidated financial statements are prepared by the ultimate parent company. These are publicly available.


11.


Controlling party

The company's immediate and ultimate parent company is Kiln SAS, a private limited liability company registered under the laws of France and having its registered office at 17 rue Henry Monnier, 75009, Paris, France, registered under RCS Paris Number 839230125.

 
Page 8