Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-316false6Provide advisory services to Tech start ups2024-01-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11097690 2024-01-01 2024-12-31 11097690 2023-01-01 2023-12-31 11097690 2024-12-31 11097690 2023-12-31 11097690 c:Director3 2024-01-01 2024-12-31 11097690 d:OfficeEquipment 2024-01-01 2024-12-31 11097690 d:OfficeEquipment 2024-12-31 11097690 d:OfficeEquipment 2023-12-31 11097690 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11097690 d:ComputerEquipment 2024-01-01 2024-12-31 11097690 d:ComputerEquipment 2024-12-31 11097690 d:ComputerEquipment 2023-12-31 11097690 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11097690 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11097690 d:CurrentFinancialInstruments 2024-12-31 11097690 d:CurrentFinancialInstruments 2023-12-31 11097690 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11097690 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11097690 d:ShareCapital 2024-12-31 11097690 d:ShareCapital 2023-12-31 11097690 d:RetainedEarningsAccumulatedLosses 2024-12-31 11097690 d:RetainedEarningsAccumulatedLosses 2023-12-31 11097690 c:OrdinaryShareClass1 2024-01-01 2024-12-31 11097690 c:OrdinaryShareClass1 2024-12-31 11097690 c:OrdinaryShareClass1 2023-12-31 11097690 c:FRS102 2024-01-01 2024-12-31 11097690 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11097690 c:FullAccounts 2024-01-01 2024-12-31 11097690 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11097690 2 2024-01-01 2024-12-31 11097690 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 11097690












SERAPHIM SPACE CAMP ACCELERATOR LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


 
REGISTERED NUMBER:11097690
SERAPHIM SPACE CAMP ACCELERATOR LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,441
3,736

Current assets
  

Debtors: amounts falling due within one year
 5 
52,382
30,360

Bank and cash balances
  
91,660
176,365

  
144,042
206,725

Creditors: amounts falling due within one year
 6 
(1,276,859)
(1,271,652)

Net current liabilities
  
 
 
(1,132,817)
 
 
(1,064,927)

Total assets less current liabilities
  
(1,129,376)
(1,061,191)

  

Net liabilities
  
(1,129,376)
(1,061,191)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(1,129,476)
(1,061,291)

  
(1,129,376)
(1,061,191)


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 26 August 2025.




R Desborough
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 

SERAPHIM SPACE CAMP ACCELERATOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Seraphim Space Camp Accelerator is a private company limited by shares, incorporated on 5 December 2017 with registered number 11097690 in the UK, and registered in England and Wales.
The company's registered address is 63/66 Hatton Garden, 5th Floor, Suite 23, London, EC1N 8LE.
The company's principal activity is to provide advisory services to SpaceTech start-ups.

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.

 
2.2

Going concern

As the macroeconomic environment improves, management anticipate an increase in turnover due to more consultancy, sponsorship and grant income. Costs are carefully considered on an ongoing basis. Therefore, management continue to believe the Company should be considered a going concern

 
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.

 
2.4

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the turnover can be reliably measured.
Turnover is in the form of sponsorship and grant funding and is recognised when the company has
entitlement to the funds, certainty of receipt and the amount can be measured with sufficient
reliability.

 
2.5

Interest income

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

Page 2

 

SERAPHIM SPACE CAMP ACCELERATOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

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.


 
2.7

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:

Office equipment
-
3 years
Computer equipment
-
3 years

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.

 
2.8

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

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 the directors, during the year was 6 (2023 - 6).

Page 3

 

SERAPHIM SPACE CAMP ACCELERATOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
291
7,556
7,847


Additions
-
1,777
1,777



At 31 December 2024

291
9,333
9,624



Depreciation


At 1 January 2024
291
3,820
4,111


Charge for the year on owned assets
-
2,072
2,072



At 31 December 2024

291
5,892
6,183



Net book value



At 31 December 2024
-
3,441
3,441



At 31 December 2023
-
3,736
3,736

Page 4

 

SERAPHIM SPACE CAMP ACCELERATOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
15,000
4,617

Other debtors
10,508
19,187

Called up share capital not paid
100
100

Prepayments and accrued income
26,774
6,456

52,382
30,360



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,225
21,172

Amounts owed to group undertakings
1,225,785
1,155,645

Other taxation and social security
13,330
10,552

Other creditors
19,987
34,542

Accruals and deferred income
16,532
49,741

1,276,859
1,271,652



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 (2023 - 10,000) Ordinary shares of £0.01 each
100
100



8.


Related Party Transactions

There were no related party transactions during the year (2023: £2,420).


9.


Controlling party

Effective from the 7 February 2022 ownership was transferred to Seraphim Space Enterprise LLP. A limited liability partnership incorporated in the UK and registered in England and Wales. The LLP's registered address is 63/66 Hatton Garden, 5th Floor, Suite 23, London EC1N 8LE

Page 5