Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false112023-10-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity10falsetruefalse 13621129 2023-10-01 2024-09-30 13621129 2022-10-01 2023-09-30 13621129 2024-09-30 13621129 2023-09-30 13621129 c:Director9 2023-10-01 2024-09-30 13621129 d:CurrentFinancialInstruments 2024-09-30 13621129 d:CurrentFinancialInstruments 2023-09-30 13621129 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 13621129 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 13621129 d:OtherMiscellaneousReserve 2023-10-01 2024-09-30 13621129 d:OtherMiscellaneousReserve 2024-09-30 13621129 d:OtherMiscellaneousReserve 2023-09-30 13621129 d:RetainedEarningsAccumulatedLosses 2024-09-30 13621129 d:RetainedEarningsAccumulatedLosses 2023-09-30 13621129 c:FRS102 2023-10-01 2024-09-30 13621129 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 13621129 c:FullAccounts 2023-10-01 2024-09-30 13621129 c:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 13621129 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 13621129










MYP NETWORKING LIMITED
(A company limited by guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
MYP NETWORKING LIMITED
 
(A company limited by guarantee)
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MYP NETWORKING LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MYP Networking Limited for the year ended 30 September 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of MYP Networking Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of MYP Networking Limited and state those matters that we have agreed to state to the Board of directors of MYP Networking Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MYP Networking Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that MYP Networking Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MYP Networking Limited. You consider that MYP Networking Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of MYP Networking Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



11 June 2025
Page 1

 
MYP NETWORKING LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 13621129

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,208
3,355

Cash at bank and in hand
 5 
16,471
16,608

  
17,679
19,963

Creditors: amounts falling due within one year
 6 
(13,919)
(17,146)

Net current assets
  
 
 
3,760
 
 
2,817

Total assets less current liabilities
  
3,760
2,817

  

Net assets
  
3,760
2,817


Capital and reserves
  

Other reserves
 7 
2,818
7,512

Profit and loss account
 7 
942
(4,695)

  
3,760
2,817


Page 2

 
MYP NETWORKING LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 13621129
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 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 11 June 2025.




H. Myers
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
MYP NETWORKING LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The entity is a private limited liability company, limited by guarantee and without share capital. It is registered in England and Wales within the United Kingdom. 
The registered office is C/O Provenio Litigation LLP, 7th Floor, Walker House, Exchange Flags, Liverpool, United Kingdom, L2 3YL.
These financial statements are for MYP Networking Limited as an individual single company entity only.

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

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.

 
2.3

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.

 
2.4

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.

Page 4

 
MYP NETWORKING LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 11).


4.


Debtors

2024
2023
£
£


Prepayments and accrued income
1,208
3,355

1,208
3,355



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
16,471
16,608

16,471
16,608



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
4,844
9,785

Accruals and deferred income
9,075
7,361

13,919
17,146


Page 5

 
MYP NETWORKING LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Reserves

Other reserves

Other reserves contains a capital reserve of £7,587 which arose on the transfer of net assets of the unincorporated business "Merseyside Young Professionals" to the Company in September 2021.



8.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

 
Page 6