Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11088695 2023-10-01 2024-09-30 11088695 2022-10-01 2023-09-30 11088695 2024-09-30 11088695 2023-09-30 11088695 c:Director1 2023-10-01 2024-09-30 11088695 d:CurrentFinancialInstruments 2024-09-30 11088695 d:CurrentFinancialInstruments 2023-09-30 11088695 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 11088695 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 11088695 d:ShareCapital 2024-09-30 11088695 d:ShareCapital 2023-09-30 11088695 d:SharePremium 2024-09-30 11088695 d:SharePremium 2023-09-30 11088695 d:RetainedEarningsAccumulatedLosses 2024-09-30 11088695 d:RetainedEarningsAccumulatedLosses 2023-09-30 11088695 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 11088695 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 11088695 c:FRS102 2023-10-01 2024-09-30 11088695 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11088695 c:FullAccounts 2023-10-01 2024-09-30 11088695 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11088695 5 2023-10-01 2024-09-30 11088695 6 2023-10-01 2024-09-30 11088695 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 11088695









ONE.IO MARKETS UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ONE.IO MARKETS UK LIMITED
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 
ONE.IO MARKETS UK LIMITED
REGISTERED NUMBER: 11088695

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible fixed assets
  
-
1,328,314

Investments
  
1
-

  
1
1,328,314

Current assets
  

Debtors: amounts falling due within one year
 5 
5,754,934
4,314,828

Cash at bank and in hand
 6 
8,185
383,485

  
5,763,119
4,698,313

Creditors: amounts falling due within one year
 7 
(77,993)
(340,294)

Net current assets
  
 
 
5,685,126
 
 
4,358,019

Total assets less current liabilities
  
5,685,127
5,686,333

Provisions for liabilities
  

Deferred tax
 8 
(4,351)
(4,351)

  
 
 
(4,351)
 
 
(4,351)

Net assets
  
5,680,776
5,681,982


Capital and reserves
  

Called up share capital 
  
152
152

Share premium account
  
1,915,649
1,915,649

Profit and loss account
  
3,764,975
3,766,181

  
5,680,776
5,681,982


Page 1

 
ONE.IO MARKETS UK LIMITED
REGISTERED NUMBER: 11088695
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 1 July 2025.




N.J. Horsley-Heather
Director

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

Page 2

 
ONE.IO MARKETS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

One.io.Markets UK Limited is private company limited by shares incorporated in England and Wales. The registered office is 6th Floor Kings House, 9 - 10 Haymarket, London, England, SW1Y 4BP. 

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

Discontinued operations

The financial statements have been prepared based on liquidation basis as the parent company and the ultimate parent company of the Group, One.io Group Ltd, has committed to a plan to close One.io Markets UK within the next 12 months. The decision to discontinue operations was approved by the board of One.io Group Ltd. The decision reflects the strategic realignment of the parent company's operations and focus on core business activities. 

 
2.3

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

 
ONE.IO MARKETS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting 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 reporting 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 reporting date.


Page 4

 
ONE.IO MARKETS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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.

Page 5

 
ONE.IO MARKETS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

  
2.12

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.


3.


Employees

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


4.


Intangible assets













Net book value



At 30 September 2024



At 30 September 2023




5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
5,754,934
4,272,460

Prepayments and accrued income
-
42,368

5,754,934
4,314,828


Page 6

 
ONE.IO MARKETS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
8,185
383,485

8,185
383,485



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
262,302

Corporation tax
77,993
77,992

77,993
340,294



8.


Deferred taxation




2024


£






At beginning of year
(4,351)



At end of year
(4,351)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(4,351)
(4,351)

(4,351)
(4,351)


9.


Controlling party

The immediate parent company is One.io Group Limited, a company incorporated and domiciled in
England & Wales (registered number: 13036457). The registered office is 6th Floor Kings House, 9-10
Haymarket, London, England, SW1Y 4BP.

 
Page 7