ACCOUNTS - Final Accounts

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-3002022-06-06falseManufacture of chemical products3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14150518 2022-06-05 14150518 2022-06-06 2023-06-30 14150518 2021-07-01 2022-06-05 14150518 2023-06-30 14150518 c:Director1 2022-06-06 2023-06-30 14150518 d:ComputerEquipment 2022-06-06 2023-06-30 14150518 d:ComputerEquipment 2023-06-30 14150518 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-06 2023-06-30 14150518 d:CurrentFinancialInstruments 2023-06-30 14150518 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 14150518 d:ShareCapital 2022-06-06 2023-06-30 14150518 d:ShareCapital 2023-06-30 14150518 d:SharePremium 2022-06-06 2023-06-30 14150518 d:SharePremium 2023-06-30 14150518 d:RetainedEarningsAccumulatedLosses 2022-06-06 2023-06-30 14150518 d:RetainedEarningsAccumulatedLosses 2023-06-30 14150518 c:OrdinaryShareClass1 2022-06-06 2023-06-30 14150518 c:OrdinaryShareClass1 2023-06-30 14150518 c:OrdinaryShareClass3 2022-06-06 2023-06-30 14150518 c:OrdinaryShareClass3 2023-06-30 14150518 c:FRS102 2022-06-06 2023-06-30 14150518 c:AuditExempt-NoAccountantsReport 2022-06-06 2023-06-30 14150518 c:FullAccounts 2022-06-06 2023-06-30 14150518 c:PrivateLimitedCompanyLtd 2022-06-06 2023-06-30 14150518 2 2022-06-06 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14150518

WE ARE NIUM LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2023

WE ARE NIUM LTD

REGISTERED NUMBER: 14150518

BALANCE SHEET

AS AT 30 JUNE 2023

		2023
Note		£

FIXED ASSETS
Tangible assets	4		12,211
			12,211
CURRENT ASSETS
Debtors: amounts falling due within one year	5	8,928
Cash at bank and in hand		2,174,722
		2,183,650
Creditors: amounts falling due within one year	6	(67,891)
NET CURRENT ASSETS			2,115,759
TOTAL ASSETS LESS CURRENT LIABILITIES			2,127,970

NET ASSETS			2,127,970

CAPITAL AND RESERVES
Called up share capital	7	17
Share premium account		2,495,320
Profit and loss account		(367,367)
		2,127,970

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WE ARE NIUM LTD

REGISTERED NUMBER: 14150518

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2023

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 period 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:

P Hunter

Director

Date: 7 September 2023

The notes on pages 4 to 7 form part of these financial statements.

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WE ARE NIUM LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 30 JUNE 2023

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£

Loss for the period	-	-	(367,367)	(367,367)
Shares issued during the period	17	2,551,049	-	2,551,066
Share issuing costs during the period	-	(55,729)	-	(55,729)
AT 30 JUNE 2023	17	2,495,320	(367,367)	2,127,970

The notes on pages 4 to 7 form part of these financial statements.

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WE ARE NIUM LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2023

1.	GENERAL INFORMATION

The Company is limited by shares and incorporated in England and Wales. The address of the registered office and the principal trading address is Research Complex At Harwell Rutherford Appleton Laboratory, Harwell Oxford, Didcot, United Kingdom, OX11 0FA.
The financial statements are presented in sterling which is the functional currency of the Company.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

2.2

GOING CONCERN

The financial statements have ben prepared on the going concern basis which assumes that the Company will continue as a going concern for the foreseeable future. The trading losses reported are consistent with the Company's business plan.
Given the investment received, together with the development progress achieved, the directors have a reasonable expectation that the Company will be able to meet its liabilities as the fall due for the forseseeable future and therefore continue to adopt the going concern basis.

2.3

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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WE ARE NIUM LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2023

2.ACCOUNTING POLICIES (CONTINUED)

2.4

GOVERNMENT GRANTS

Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

2.5

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

2.6

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, using the straight-line method.

Depreciation is provided on the following basis:

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.

2.7

DEBTORS

Short-term debtors are measured at transaction price, 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.

2.9

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 period was 3.

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WE ARE NIUM LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2023

4.	TANGIBLE FIXED ASSETS

		Computer equipment
		£
	COST OR VALUATION
	Additions	12,931
	At 30 June 2023	12,931
	DEPRECIATION
	Charge for the period on owned assets	720
	At 30 June 2023	720
	NET BOOK VALUE
	At 30 June 2023	12,211

DEBTORS

					2023
					£


	Other debtors	8,928
		8,928

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2023
		£

	Trade creditors	37,744
	Other taxation and social security	2,344
	Accruals and deferred income	27,803
		67,891

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WE ARE NIUM LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2023

7.	SHARE CAPITAL
		2023
		£

		ALLOTTED, CALLED UP AND FULLY PAID

		1,251,647 Ordinary shares of £0.00001 each	13
		441,607 Series seed shares of £0.00001 each	4

			17

On incorporation 1,000,000 Ordinary £0.00001 shares were issued at par.
On 10 January 2023 176,470 Ordinary £0.00001 shares were issued at par.
On 28 February 2023 33,214 Ordinary £0.00001 shares were issued at £4.516 per share.
On 28 February 2023 41,953 Ordinary £0.00001 shares were issued at par.
On 28 February 2023 22.080 A Ordinary £0.00001 shares were issued at £5.65 per share.
On 16 June 2023 419,527 Series seed £0.00001 shares were issued at £5.42589 per share.
On 12 June 2023 22,080 A Ordinary £0.00001 shares we redesignated as 22,080 Series seed £0.00001 shares.

RESERVES

Share premium account

Includes any premiums recevied on issue of share capital. Any transaction costs associated with issuing of shares are deducted from share premium.

Profit and loss account

Includes all current and prior year retained profits and losses.

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