Caseware UK (AP4) 2025.0.111 2025.0.111 2025-07-31 2025-07-31 2024-02-01 false Business and domestic software development 12 7 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12409387 2024-02-01 2025-07-31 12409387 2023-02-01 2024-01-31 12409387 2025-07-31 12409387 2024-01-31 12409387 c:Director1 2024-02-01 2025-07-31 12409387 c:Director3 2024-02-01 2025-07-31 12409387 d:OfficeEquipment 2024-02-01 2025-07-31 12409387 d:OfficeEquipment 2025-07-31 12409387 d:OfficeEquipment 2024-01-31 12409387 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-07-31 12409387 d:ComputerEquipment 2024-02-01 2025-07-31 12409387 d:ComputerEquipment 2025-07-31 12409387 d:ComputerEquipment 2024-01-31 12409387 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-07-31 12409387 d:OwnedOrFreeholdAssets 2024-02-01 2025-07-31 12409387 d:CurrentFinancialInstruments 2025-07-31 12409387 d:CurrentFinancialInstruments 2024-01-31 12409387 d:CurrentFinancialInstruments d:WithinOneYear 2025-07-31 12409387 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12409387 d:ShareCapital 2025-07-31 12409387 d:ShareCapital 2024-01-31 12409387 d:SharePremium 2025-07-31 12409387 d:SharePremium 2024-01-31 12409387 d:RetainedEarningsAccumulatedLosses 2025-07-31 12409387 d:RetainedEarningsAccumulatedLosses 2024-01-31 12409387 c:FRS102 2024-02-01 2025-07-31 12409387 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-07-31 12409387 c:FullAccounts 2024-02-01 2025-07-31 12409387 c:PrivateLimitedCompanyLtd 2024-02-01 2025-07-31 12409387 2 2024-02-01 2025-07-31 12409387 e:PoundSterling 2024-02-01 2025-07-31 iso4217:GBP xbrli:pure

Registered number: 12409387 KEEPER SYSTEMS LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE 18 MONTH PERIOD ENDED 31 JULY 2025
KEEPER SYSTEMS LTD REGISTERED NUMBER: 12409387 BALANCE SHEET AS AT 31 JULY 2025
|  | 31 July |  | 31 January
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 51,841 |  | 3,327
|  |  | 51,841 |  | 3,327
Current assets |  |  |  |  |
Stocks (Digital Assets) | 5 | 12,050,743 |  | 953,974 |
Debtors due within 1 year | 6 | 4,305,945 |  | 15,764 |
Cash at bank and in hand | 7 | 14,846,374 |  | 2,748,607 |
|  | 31,203,062 |  | 3,718,345 |
Creditors: amounts falling due within one year | 8 | (14,031,389) |  | (3,639,068) |
Net current assets |  |  | 17,171,673 |  | 79,277
Total assets less current liabilities |  |  | 17,223,514 |  | 82,604
Net assets |  |  | 17,223,514 |  | 82,604
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 12 |  | 12
Share premium account |  |  | 1,062,512 |  | 1,062,512
Profit and loss account |  |  | 16,160,990 |  | (979,920)
|  |  | 17,223,514 |  | 82,604
Page 1
KEEPER SYSTEMS LTD REGISTERED NUMBER: 12409387 BALANCE SHEET (CONTINUED) AS AT 31 JULY 2025 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 period 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 on 10 July 2026.
................................................ F Cavallo Marincola | ................................................ K Mensah
Director | Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
KEEPER SYSTEMS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2025
1. | General information
Keeper Systems Limited is a private company limited by shares, incorporated in England & Wales (registered number: 12409387). The registered office is 20-22 Wenlock Road, London, England, N1 7GU. The company's principle activity is software development. 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 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The financial statements cover a period of 18 months from 01/02/2024 to 31/07/2025. Comparative figures are for the 12 months ended 31/01/2024 and are therefore not directly comparable. The company's functional currency is GBP. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 3
KEEPER SYSTEMS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 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.
| 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, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 25% |
|  |  |  | Computer equipment | - | 25% |
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. Page 4
KEEPER SYSTEMS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.8 | Stocks (Digital Assets)
Digital assets in stock are initially recognised at cost. After recognition, under the cost model, digital assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Stock consisting of digital assets are determined to have an indefinite useful economic life. These assets are therefore not amortised but reviewed and tested for impairment on a regular basis. FRS 102 states that all digital assets are deemed to have a finite life. Therefore to apply indefinite life requires a true and fair override of FRS 102. Indefinite life best reflect the substance of digital assets.
| 2.9 | 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.
| 2.10 | 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.
| 2.11 | 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 period was 12 (2024 - 7).
Page 5
KEEPER SYSTEMS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2025
4. | Tangible fixed assets
|  | Office equipment | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 February 2024 | - | 6,642 | 6,642
| Additions | 15,354 | 45,606 | 60,960
| At 31 July 2025 | 15,354 | 52,248 | 67,602
| Depreciation |  |  |
| At 1 February 2024 | - | 3,315 | 3,315
| Charge for the period on owned assets | 3,182 | 9,264 | 12,446
| At 31 July 2025 | 3,182 | 12,579 | 15,761
| Net book value |  |  |
| At 31 July 2025 | 12,172 | 39,669 | 51,841
| At 31 January 2024 | - | 3,327 | 3,327
5. | Stocks (Digital Assets)
|  |  |  |  | 31 July | 31 January
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Digital Assets | 12,050,743 | 953,974
|  | 12,050,743 | 953,974
| The carrying value of digital assets are stated net of impairment losses totalling £12,050,743 (2024 - £953,974). Impairment losses totalling £534,120 (2024 - £NIL) were recognised in profit and loss.
Page 6
KEEPER SYSTEMS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2025
6. | Debtors
|  |  |  |  | 31 July | 31 January
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | - | 15,764
| Other debtors | 4,305,947 | -
|  | 4,305,947 | 15,764
7. | Cash and cash equivalents
|  |  |  |  | 31 July | 31 January
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 14,846,374 | 2,748,607
|  | 14,846,374 | 2,748,607
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 31 July | 31 January
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 7,331 | -
| Other taxation and social security | 5,317,182 | 31,384
| Other creditors | 6,556,685 | 3,605,484
| Accruals and deferred income | 2,150,191 | 2,200
|  | 14,031,389 | 3,639,068
Page 7