Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falsesales and marketing activities related to Other business support service activities for and on behalf of the parent company.1627falsetruefalse 12349155 2024-01-01 2024-12-31 12349155 2023-01-01 2023-12-31 12349155 2024-12-31 12349155 2023-12-31 12349155 2023-01-01 12349155 c:Director2 2024-01-01 2024-12-31 12349155 d:CurrentFinancialInstruments 2024-12-31 12349155 d:CurrentFinancialInstruments 2023-12-31 12349155 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12349155 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12349155 d:ShareCapital 2024-01-01 2024-12-31 12349155 d:ShareCapital 2024-12-31 12349155 d:ShareCapital 2023-01-01 2023-12-31 12349155 d:ShareCapital 2023-12-31 12349155 d:ShareCapital 2023-01-01 12349155 d:OtherMiscellaneousReserve 2024-01-01 2024-12-31 12349155 d:OtherMiscellaneousReserve 2024-12-31 12349155 d:OtherMiscellaneousReserve 2023-01-01 2023-12-31 12349155 d:OtherMiscellaneousReserve 2023-12-31 12349155 d:OtherMiscellaneousReserve 2023-01-01 12349155 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 12349155 d:RetainedEarningsAccumulatedLosses 2024-12-31 12349155 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12349155 d:RetainedEarningsAccumulatedLosses 2023-12-31 12349155 d:RetainedEarningsAccumulatedLosses 2023-01-01 12349155 c:FRS102 2024-01-01 2024-12-31 12349155 c:Audited 2024-01-01 2024-12-31 12349155 c:FullAccounts 2024-01-01 2024-12-31 12349155 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12349155 d:WithinOneYear 2024-12-31 12349155 d:WithinOneYear 2023-12-31 12349155 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12349155 7 2024-01-01 2024-12-31 12349155 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 12349155









STASH FINANCIAL UK LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
STASH FINANCIAL UK LIMITED
REGISTERED NUMBER: 12349155

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
367,563
1,032,627

Cash at bank and in hand
 5 
89,881
275,280

  
457,444
1,307,907

Creditors: amounts falling due within one year
 6 
(148,148)
(1,002,183)

Net current assets
  
 
 
309,296
 
 
305,724

Net assets
  
309,296
305,724


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Other reserves
 7 
189,300
189,300

Profit and loss account
 7 
118,996
115,424

  
309,296
305,724


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: 


E R Robinson
Director

Date: 4 August 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
STASH FINANCIAL UK LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 January 2023
1,000
189,300
259,213
449,513


Comprehensive income for the year

Loss for the year
-
-
(143,789)
(143,789)
Total comprehensive income for the year
-
-
(143,789)
(143,789)



At 1 January 2024
1,000
189,300
115,424
305,724


Comprehensive income for the year

Profit for the year
-
-
3,572
3,572
Total comprehensive income for the year
-
-
3,572
3,572


At 31 December 2024
1,000
189,300
118,996
309,296


The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
STASH FINANCIAL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Stash Financial UK Limited (the Company) is a company incorporated in the United Kingdom under the Companies Act. The Company is a private company, limited by shares and is registered in England and Wales. The registered office is 5 New Street Square, London, United Kingdom, EC4A 3TW.
The principal activity of the Company in the year under review was that of sales and marketing activities related to other business support service activities, for and on behalf of the parent 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

Going concern

The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
The directors of the Company have received confirmation of continued financial support for the foreseeable future from the parent company, Stash Financial, Inc.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP, rounded to the nearest whole 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.

Page 3

 
STASH FINANCIAL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue represents the amounts charged to the Company's parent under an agreement for sales and marketing support provided, excluding value added tax. Revenue is recognised when chargeable costs are incurred.

 
2.5

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

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

 
2.7

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

Page 4

 
STASH FINANCIAL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Taxation

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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

Page 5

 
STASH FINANCIAL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 27).


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
355,209
967,525

Other debtors
2,288
35,292

Prepayments and accrued income
10,066
29,810

367,563
1,032,627



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
89,881
275,280



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
1,661
1,661

Corporation tax
123,325
264,925

Other taxation and social security
13,921
123,940

Other creditors
-
9,864

Accruals and deferred income
9,241
601,793

148,148
1,002,183


Page 6

 
STASH FINANCIAL UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Reserves

Other reserves

Other reserves represent the capital contribution from Stash Financial, Inc. There are no movements to the capital contribution reserve in the year ended 31 December 2024.

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.


8.


Pension commitments

The Company operates a defined contribution 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 £36,808 (2023 £74,369). Contributions totalling £779 (2023: £19,473) were payable to the fund at the balance sheet date.


9.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
-
16,279


10.


Controlling party

The immediate and ultimate parent company and controlling party is Stash Financial, Inc. The Company was under the control of its parent Stash Financial, Inc. throughout the financial year by virtue of their 100% shareholding. The parent company is registered in the United States of America, and consolidated accounts are not publicly available.
The largest and smallest group in which the results of the Company are consolidated is that headed by Stash Financial, Inc. with its principal place of business at 450 Park Avenue S, 10th Floor, New York, NY 10016, United States of America.


11.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 4 August 2025 by Karen Cairns (Senior Statutory Auditor) on behalf of Nortons Assurance Limited.

 
Page 7