Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 No description of principal activity 2 2024-01-01 false 1 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08903860 2024-01-01 2024-12-31 08903860 2023-01-01 2023-12-31 08903860 2024-12-31 08903860 2023-12-31 08903860 c:Director1 2024-01-01 2024-12-31 08903860 c:Director2 2024-01-01 2024-12-31 08903860 c:RegisteredOffice 2024-01-01 2024-12-31 08903860 d:CurrentFinancialInstruments 2024-12-31 08903860 d:CurrentFinancialInstruments 2023-12-31 08903860 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08903860 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08903860 d:ShareCapital 2024-12-31 08903860 d:ShareCapital 2023-12-31 08903860 d:RetainedEarningsAccumulatedLosses 2024-12-31 08903860 d:RetainedEarningsAccumulatedLosses 2023-12-31 08903860 c:OrdinaryShareClass1 2024-01-01 2024-12-31 08903860 c:OrdinaryShareClass1 2024-12-31 08903860 c:OrdinaryShareClass1 2023-12-31 08903860 c:FRS102 2024-01-01 2024-12-31 08903860 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08903860 c:FullAccounts 2024-01-01 2024-12-31 08903860 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08903860 6 2024-01-01 2024-12-31 08903860 3 2024-12-31 08903860 3 2023-12-31 08903860 f:Euro 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08903860 MIDFIN LTD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
MIDFIN LTD CONTENTS
| Page
Company information | 1
Balance sheet | 2
Notes to the financial statements | 3 - 6
MIDFIN LTD COMPANY INFORMATION
Directors | M Attisani
| E Taze
Registered number | 08903860
Registered office | 16 Great Queen Street
| Covent Garden
| London
| WC2B 5AH
Accountants | Blick Rothenberg Limited
| Chartered Accountants
| 16 Great Queen Street
| Covent Garden
| London
| WC2B 5AH
Page 1
|  | REGISTERED NUMBER:08903860
MIDFIN LTD BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | € |  | €
Fixed assets |  |  |  |  |
Investments | 4 |  | 1,054,758 |  | -
|  |  | 1,054,758 |  | -
Cash at bank and in hand |  | 14,203 |  | - |
|  | 14,203 |  | - |
Creditors: amounts falling due within one year | 5 | (1,170,815) |  | (25,803) |
Net current liabilities |  |  | (1,156,612) |  | (25,803)
Total assets less current liabilities |  |  | (101,854) |  | (25,803)
Net liabilities |  |  | (101,854) |  | (25,803)
Capital and reserves |  |  |  |  |
Called up share capital | 6 |  | 12 |  | 12
Profit and loss account |  |  | (101,866) |  | (25,815)
Net deficit |  |  | (101,854) |  | (25,803)
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 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:
M Attisani
Director
Date: 30 October 2025
The notes on pages 3 to 6 form part of these financial statements. Page 2
MIDFIN LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Midfin Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is 16 Great Queen Street, Covent Garden, London, United Kingdom, WC2B 5AH. The financial statements are presented in Euros (€). Monetary amounts in these financial statements are rounded to the nearest €. The financial statements were presented in (£) in the prior years and the directors have decided to align the presentational currency (€) and functional currency (€) going forward starting from 1 January 2024. 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 financial statements have been prepared on a going concern basis notwithstanding the fact that the company has a deficiency on total equity at the end of the year. The directors consider this basis to be appropriate as the company has received a letter of financial support from its shareholders.
| 2.3 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is Euros. 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.
| 2.4 | Valuation of investments
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Page 3
MIDFIN LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.5 | Financial instruments
The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments. Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The company’s policies for its major classes of financial assets and financial liabilities are set out below. Financial assets Basic financial assets are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Financial liabilities Basic financial liabilities, including other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Impairment of financial assets Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. Page 4
MIDFIN LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
|  | Financial instruments (continued)
Derecognition of financial assets and financial liabilities Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Offsetting of financial assets and financial liabilities Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
| 2.6 | Share capital
Ordinary shares are classified as equity.
| 2.7 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2023 -1).
Page 5
MIDFIN LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Fixed asset investments
|  | Other fixed asset investments
|  | €
| Cost or valuation |
| At 1 January 2024 | -
| Additions | 1,054,758
| At 31 December 2024 | 1,054,758
| Net book value |
| At 31 December 2024 | 1,054,758
| At 31 December 2023 | -
| Unlisted investments comprise loan notes.
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | € | €
| Other taxation and social security | 16,375 | 172
| Other creditors | 1,142,140 | 25,631
| Accruals and deferred income | 12,300 | -
|  | 1,170,815 | 25,803
6. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | € | €
|  | Allotted, called up and fully paid |  |
|  | 10 (2023 -10) Ordinary shares of £1.00 each | 12 | 12
7. | Related party transactions
| Included within other creditors is an amount of €1,138,817 (2023: €22,308) due to the director. The loan is provided interest free and repayable on demand.
Page 6