Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30false1true2023-07-011falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12644811 2023-07-01 2024-06-30 12644811 2022-07-01 2023-06-30 12644811 2024-06-30 12644811 2023-06-30 12644811 c:Director1 2023-07-01 2024-06-30 12644811 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 12644811 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 12644811 d:CurrentFinancialInstruments 2024-06-30 12644811 d:CurrentFinancialInstruments 2023-06-30 12644811 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12644811 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12644811 d:ShareCapital 2024-06-30 12644811 d:ShareCapital 2023-06-30 12644811 d:RetainedEarningsAccumulatedLosses 2024-06-30 12644811 d:RetainedEarningsAccumulatedLosses 2023-06-30 12644811 c:FRS102 2023-07-01 2024-06-30 12644811 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12644811 c:FullAccounts 2023-07-01 2024-06-30 12644811 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12644811 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:InternallyGeneratedIntangibleAssets 2023-07-01 2024-06-30 12644811 6 2023-07-01 2024-06-30 12644811 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 12644811









HOXTON WEALTH TECHNOLOGIES LIMITED (FORMERLY WEDGE FINTECH LIMITED)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
HOXTON WEALTH TECHNOLOGIES LIMITED
REGISTERED NUMBER: 12644811

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,825,375
1,167,307

Investments
 5 
827
827

  
1,826,202
1,168,134

Current assets
  

Debtors: amounts falling due within one year
 6 
173
173

  
173
173

Creditors: amounts falling due within one year
 7 
(2,229,404)
(1,393,013)

Net current liabilities
  
 
 
(2,229,231)
 
 
(1,392,840)

Total assets less current liabilities
  
(403,029)
(224,706)

  

Net liabilities
  
(403,029)
(224,706)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(404,029)
(225,706)

  
(403,029)
(224,706)


Page 1

 
HOXTON WEALTH TECHNOLOGIES LIMITED
REGISTERED NUMBER: 12644811
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 by: 




C Ball
Director

Date: 7 August 2025

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

Page 2

 
HOXTON WEALTH TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Wedge Fintech Limited is a private company limited by shares and incorporated in England and Wales (Registration no. 12644811). Its registered office is at 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. 
On 11 October 2024 the Company changed its name from Wedge Fintech Limited to Hoxton Wealth Technologies Limited.

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

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The director has obtained assurances from the shareholders and creditors to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
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

 
HOXTON WEALTH TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

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.

 
2.7

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

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 1 (2023 - 1).

Page 4

 
HOXTON WEALTH TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Development expenditure

£



Cost


At 1 July 2023
1,167,307


Additions - internal
658,068



At 30 June 2024

1,825,375






Net book value



At 30 June 2024
1,825,375



At 30 June 2023
1,167,307




5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
827



At 30 June 2024
827





6.


Debtors

2024
2023
£
£


Other debtors
173
173

173
173


Page 5

 
HOXTON WEALTH TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,225,234
1,390,013

Accruals and deferred income
4,170
3,000

2,229,404
1,393,013


Page 6