Caseware UK (AP4) 2024.0.164 2024.0.164 falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01true44truefalse NI634043 2024-01-01 2024-12-31 NI634043 2023-01-01 2023-12-31 NI634043 2024-12-31 NI634043 2023-12-31 NI634043 c:Director1 2024-01-01 2024-12-31 NI634043 d:CurrentFinancialInstruments 2024-12-31 NI634043 d:CurrentFinancialInstruments 2023-12-31 NI634043 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 NI634043 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI634043 d:ShareCapital 2024-12-31 NI634043 d:ShareCapital 2023-12-31 NI634043 d:RetainedEarningsAccumulatedLosses 2024-12-31 NI634043 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI634043 c:FRS102 2024-01-01 2024-12-31 NI634043 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI634043 c:FullAccounts 2024-01-01 2024-12-31 NI634043 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI634043 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: NI634043










MIK Fund Solutions UK Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2024
 
MIK Fund Solutions UK Ltd
Registered number: NI634043

Balance Sheet
As at 31 December 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
972,063
846,380

Cash at bank and in hand
  
23,371
44,993

  
995,434
891,373

Creditors: amounts falling due within one year
 5 
(99,608)
(67,314)

Net current assets
  
 
 
895,826
 
 
824,059

Total assets less current liabilities
  
895,826
824,059

  

Net assets
  
895,826
824,059


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
895,626
823,859

  
895,826
824,059


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 income and retained earnings 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 5 December 2025.



Fadi Kaddoura
Director

The notes on pages 2 to 4 form part of these financial statements.

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Page 1
 
MIK Fund Solutions UK Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

1.


General information

MIK Fund Solutions UK Ltd is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 financial statements are presented in Sterling, rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Director of MIK Fund Solutions UK Ltd has reviewed the resources available and believes that the company has adequate resources to continue in operational existence for the foreseeable future.
The Director continues to adopt the going concern basis in preparing their financial statements.

 
2.3

Revenue

Revenue shown in the Profit and Loss Account represents amounts receivable from MIK Fund Solutions UK Ltd immediate parent company, MIK Group Inc. during the period for the provision of support services, exclusive of VAT. 
Revenue in respect of the provision of support services to MIK Group Inc. is calculated as attributable cost plus a mark up, in accordance with an intercompany agreement between MIK Fund Solutions UK Ltd and MIK Group Inc. 

 
2.4

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.

 
2.5

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.

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Page 2
 
MIK Fund Solutions UK Ltd
 

 
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

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

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

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Page 3
 
MIK Fund Solutions UK Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
946,578
833,173

Other debtors
2,627
3,477

Prepayments and accrued income
274
279

Tax recoverable
22,584
9,451

972,063
846,380



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
901
1,369

Other taxation and social security
14,637
11,720

Accruals and deferred income
84,070
54,225

99,608
67,314



6.


Pension commitments

The Company operates a defined contributions 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 £23,498 (2023 - £20,247). No contributions were outstanding at the balance sheet date.


7.


Controlling party

The ultimate controlling party is MIK Group Inc.

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