ACCOUNTS - Final Accounts

Caseware UK (AP4) 2020.0.247 2020.0.247 2021-09-302021-09-3012020-10-012falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12210338 2020-10-01 2021-09-30 12210338 2019-09-17 2020-09-30 12210338 2021-09-30 12210338 2020-09-30 12210338 c:Director1 2020-10-01 2021-09-30 12210338 d:CurrentFinancialInstruments 2021-09-30 12210338 d:CurrentFinancialInstruments 2020-09-30 12210338 d:CurrentFinancialInstruments 3 2021-09-30 12210338 d:CurrentFinancialInstruments 3 2020-09-30 12210338 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 12210338 d:CurrentFinancialInstruments d:WithinOneYear 2020-09-30 12210338 d:ShareCapital 2021-09-30 12210338 d:ShareCapital 2020-09-30 12210338 d:SharePremium 2021-09-30 12210338 d:SharePremium 2020-09-30 12210338 d:RetainedEarningsAccumulatedLosses 2021-09-30 12210338 d:RetainedEarningsAccumulatedLosses 2020-09-30 12210338 c:OrdinaryShareClass1 2020-10-01 2021-09-30 12210338 c:OrdinaryShareClass1 2021-09-30 12210338 c:OrdinaryShareClass1 2020-09-30 12210338 c:FRS102 2020-10-01 2021-09-30 12210338 c:AuditExempt-NoAccountantsReport 2020-10-01 2021-09-30 12210338 c:FullAccounts 2020-10-01 2021-09-30 12210338 c:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12210338

LYZEUM LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2021

LYZEUM LIMITED

REGISTERED NUMBER: 12210338

BALANCE SHEET

AS AT 30 SEPTEMBER 2021

	2021	2020
Note	£	£

CURRENT ASSETS
Debtors: amounts falling due within one year	4	21,056	145
Cash at bank and in hand		31,017	70,925
		52,073	71,070
Creditors: amounts falling due within one year	5	(3,432)	(3,169)
NET CURRENT ASSETS		48,641	67,901

NET ASSETS		48,641	67,901

CAPITAL AND RESERVES
Called up share capital	6	186	186
Share premium account		86,227	86,227
Profit and loss account		(37,772)	(18,512)
		48,641	67,901

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:

G R Snudden

Director

Date: 12 March 2022

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

Page 1

LYZEUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

1.	GENERAL INFORMATION

Lyzeum Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA. The company has no permanent place of business.
The presentational and functional currency of the financial statements is the Pound Sterling (£).

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

The ongoing pandemic continues to have a significant impact on all businesses and economies around the globe. The directors have assessed the potential impact of Coronavirus on the Company and its assets with the information available and do not consider that it will lead to any impairment of the carrying amount of reported assets. The directors have also concluded that the impact of the pandemic is unlikely to mean that the Company will not be able to continue as a going concern.

2.3

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

2.4

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.

2.5

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

Page 2

LYZEUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.ACCOUNTING POLICIES (CONTINUED)

2.6

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.

2.7

CREDITORS

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2020 - 1).

DEBTORS

					2021	2020
					£	£

Called up share capital not paid	-	145
Grants receivable	21,056	-
	21,056	145

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2021	2020
		£	£

Trade creditors	-	466
Other taxation and social security	1,276	715
Other creditors	356	188
Accruals and deferred income	1,800	1,800
	3,432	3,169

Page 3

LYZEUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

6.	SHARE CAPITAL
		2021	2020
		£	£

Allotted, called up and fully paid

1,860,800 (2020 - 410,800) Ordinary shares of £0.0001 each	186.08	41.08

Allotted, called up and partly paid

NIL (2020 - 1,450,000) Ordinary shares of £0.0001 each	-	145.00

7.	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. Contributions totalling £356 (2020 - £188) were payable to the fund at the balance sheet date and are included in Other creditors.

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