Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalsetruetrue42023-12-280Research and experimental development on biotechnology 15373740 2023-12-27 15373740 2023-12-28 2024-12-31 15373740 2023-01-01 2023-12-27 15373740 2024-12-31 15373740 c:Director3 2023-12-28 2024-12-31 15373740 d:ComputerEquipment 2023-12-28 2024-12-31 15373740 d:ComputerEquipment 2024-12-31 15373740 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-12-28 2024-12-31 15373740 d:CurrentFinancialInstruments 2024-12-31 15373740 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15373740 d:ShareCapital 2024-12-31 15373740 d:SharePremium 2024-12-31 15373740 d:RetainedEarningsAccumulatedLosses 2024-12-31 15373740 c:OrdinaryShareClass1 2023-12-28 2024-12-31 15373740 c:OrdinaryShareClass1 2024-12-31 15373740 c:FRS102 2023-12-28 2024-12-31 15373740 c:AuditExempt-NoAccountantsReport 2023-12-28 2024-12-31 15373740 c:FullAccounts 2023-12-28 2024-12-31 15373740 c:PrivateLimitedCompanyLtd 2023-12-28 2024-12-31 15373740 2 2023-12-28 2024-12-31 15373740 e:PoundSterling 2023-12-28 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15373740









OLIGOTUNE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
OLIGOTUNE LIMITED
REGISTERED NUMBER: 15373740

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
Note
£

FIXED ASSETS
  

Tangible assets
 4 
1,954

  
1,954

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
16,569

Cash at bank and in hand
  
72,190

  
88,759

Creditors: amounts falling due within one year
 6 
(24,834)

NET CURRENT ASSETS
  
 
 
63,925

TOTAL ASSETS LESS CURRENT LIABILITIES
  
65,879

  

NET ASSETS
  
65,879


CAPITAL AND RESERVES
  

Called up share capital 
 7 
79

Share premium account
  
260,984

Profit and loss account
  
(195,184)

  
65,879


Page 1

 
OLIGOTUNE LIMITED
REGISTERED NUMBER: 15373740
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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 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: 




L Roux
Director

Date: 18 June 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
OLIGOTUNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

Oligotune Limited is a private company limited by shares and incorporated in England and Wales. The registered office address is Salisbury House, Salisbury Road, Cambridge, CB1 2LA.
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

RESEARCH AND DEVELOPMENT

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.3

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.4

INTEREST INCOME

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

Page 3

 
OLIGOTUNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20%

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.

 
2.7

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.

Page 4

 
OLIGOTUNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

3.


EMPLOYEES




The average monthly number of employees, including unpaid directors, during the period was 4.


4.


TANGIBLE FIXED ASSETS





Computer equipment

£



COST OR VALUATION


Additions
2,174



At 31 December 2024

2,174



DEPRECIATION


Charge for the period on owned assets
220



At 31 December 2024

220



NET BOOK VALUE



At 31 December 2024
1,954

Page 5

 
OLIGOTUNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

5.


DEBTORS

2024
£


Other debtors
5,921

Called up share capital not paid
10,010

Prepayments and accrued income
638

16,569



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
£

Trade creditors
17,315

Other taxation and social security
4,121

Other creditors
598

Accruals and deferred income
2,800

24,834


Included in other creditors is an amount of £598 which is paybable under the Company's pension scheme.


7.


SHARE CAPITAL

2024
£
ALLOTTED, CALLED UP AND FULLY PAID


77,818 Ordinary Shares shares of £0.001 each
78

ALLOTTED, CALLED UP AND PARTLY PAID


910 Ordinary Shares shares of £0.001 each
1


On 28th December 2023 the Company was incorporated with 20,000 Ordinary £0.001 shares at par.
On 24th April 2024 the Company issued 35,000 Ordinary £0.001 shares at par.
On 23rd May 2024 the Company issued 23,728 Ordinary £0.001 shares at £11.00 per share.

 
Page 6