Caterdesk Limited
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 09755215 (England and Wales)
Caterdesk Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
Caterdesk Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
3
346,231
537,997
Current assets
Debtors
5
103,975
289,831
Cash at bank and in hand
13,493
21,337
117,468
311,168
Creditors: amounts falling due within one year
6
(959,165)
(1,019,328)
Net current liabilities
(841,697)
(708,160)
Net liabilities
(495,466)
(170,163)
Capital and reserves
Called up share capital
7
100
100
Share premium account
944,082
944,082
Other reserves
6,221,794
6,221,794
Profit and loss reserves
(7,661,442)
(7,336,139)
Total equity
(495,466)
(170,163)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledge s their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Caterdesk Limited
Balance Sheet (Continued)
As at 31 December 2024
Page 2
The financial statements were approved and signed by the director and authorised for issue on 3 March 2026
A Frenzel
Director
Company Registration No. 09755215
Caterdesk Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 3
1
Accounting policies
Company information

Caterdesk Limited is a private company limited by shares incorporated in England and Wales. The registered office is 86-90 Paul Street, London, United Kingdom, EC2A 4NE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Research and development expenditure

Research and development expenditure is written off against profits in the year in which it is incurred.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Caterdesk Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 4

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
33% on cost
Intangible assets
straight-line basis over their estimated useful lives, ranging from 7 to 48 months.
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Caterdesk Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 5
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Caterdesk Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 6
1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Intangible fixed assets
Software
Intangible assets
Total
£
£
£
Cost
At 1 January 2024
586,906
-
0
586,906
Additions
-
0
4,285
4,285
At 31 December 2024
586,906
4,285
591,191
Amortisation and impairment
At 1 January 2024
48,909
-
0
48,909
Amortisation charged for the year
195,635
416
196,051
At 31 December 2024
244,544
416
244,960
Carrying amount
At 31 December 2024
342,362
3,869
346,231
At 31 December 2023
537,997
-
0
537,997
Caterdesk Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 7
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 and 31 December 2024
19,204
Depreciation and impairment
At 1 January 2024 and 31 December 2024
19,204
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
101,670
289,831
Other debtors
2,305
-
0
103,975
289,831
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
49,447
437,339
Amounts owed to group undertakings
808,926
555,170
Taxation and social security
65,391
9,122
Other creditors
35,401
17,697
959,165
1,019,328
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
100 ordinary shares of £1 each
100
100
100
100
Caterdesk Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 8
8
Related party transactions

At the year end under review, company owed the following to the below related parties:

Comatus UG £124,512 (2023: £86,745)

Feedr Limited £282,654 (2023: £nil)

Feedr Management UG £nil (2023:£69,396)

Lindentor 226 VV GmbH £401,760 (2023: £399,028)

9
Parent company

At 31 December 2024 t he ultimate controlling party is the company, Comatus UG, by virtue of majority shareholding in the company. This company is registered in Germany.

The company is exempt from the requirement to prepare group accounts and no group accounts have been prepared.

10
Prior period adjustment

The prior period adjustment of £24,1 50 relates to an invoice that was fully paid but not recorded as such in the company's accounting records. All other prior period adjustments relate to a change in the company's research and development expenditure policy, and associated amortisation corrections.

Changes to the balance sheet
As previously reported
Adjustment
As restated at 31 Dec 2023
£
£
£
Fixed assets
Other intangibles
805,646
(267,649)
537,997
Current assets
Debtors due within one year
313,981
(24,150)
289,831
Net assets
121,636
(291,799)
(170,163)
Capital and reserves
Profit and loss reserves
(7,044,340)
(291,799)
(7,336,139)
Changes to the profit and loss account
As previously reported
Adjustment
As restated
Period ended 31 December 2023
£
£
£
Administrative expenses
(289,033)
(282,930)
(571,963)
Profit/(loss) for the financial period
274,552
(282,930)
(8,378)
2024-12-31 2024-01-01 false false false CCH Software CCH Accounts Production 2025.300 No description of principal activity Statement that directors acknowledge their responsibilities under the Companies Act 2006 09755215 2024-01-01 2024-12-31 09755215 2024-12-31 09755215 2023-12-31 09755215 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 09755215 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 09755215 core:IntangibleAssetsOtherThanGoodwill 2023-12-31 09755215 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-12-31 09755215 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09755215 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09755215 core:CurrentFinancialInstruments 2024-12-31 09755215 core:CurrentFinancialInstruments 2023-12-31 09755215 core:ShareCapital 2024-12-31 09755215 core:ShareCapital 2023-12-31 09755215 core:SharePremium 2024-12-31 09755215 core:SharePremium 2023-12-31 09755215 core:OtherMiscellaneousReserve 2024-12-31 09755215 core:OtherMiscellaneousReserve 2023-12-31 09755215 core:RetainedEarningsAccumulatedLosses 2024-12-31 09755215 core:RetainedEarningsAccumulatedLosses 2023-12-31 09755215 core:ShareCapitalOrdinaryShareClass1 2024-12-31 09755215 core:ShareCapitalOrdinaryShareClass1 2023-12-31 09755215 core:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 09755215 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 09755215 core:ComputerEquipment 2024-01-01 2024-12-31 09755215 2023-01-01 2023-12-31 09755215 core:IntangibleAssetsOtherThanGoodwill 2023-12-31 09755215 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-12-31 09755215 2023-12-31 09755215 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 09755215 core:OtherPropertyPlantEquipment 2023-12-31 09755215 core:OtherPropertyPlantEquipment 2024-12-31 09755215 core:OtherPropertyPlantEquipment 2023-12-31 09755215 bus:OrdinaryShareClass1 2024-12-31 09755215 bus:OrdinaryShareClass1 2023-12-31 09755215 core:ContinuingOperations 2023-01-01 2023-12-31 09755215 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09755215 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09755215 bus:FRS102 2024-01-01 2024-12-31 09755215 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09755215 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP