Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31false2021-01-01falseCorporate events44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10172393 2021-01-01 2021-12-31 10172393 2020-01-01 2020-12-31 10172393 2021-12-31 10172393 2020-12-31 10172393 2020-01-01 10172393 c:Director1 2021-01-01 2021-12-31 10172393 d:OfficeEquipment 2021-01-01 2021-12-31 10172393 d:OfficeEquipment 2021-12-31 10172393 d:OfficeEquipment 2020-12-31 10172393 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 10172393 d:CurrentFinancialInstruments 2021-12-31 10172393 d:CurrentFinancialInstruments 2020-12-31 10172393 d:Non-currentFinancialInstruments 2021-12-31 10172393 d:Non-currentFinancialInstruments 2020-12-31 10172393 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10172393 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 10172393 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 10172393 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 10172393 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-12-31 10172393 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2020-12-31 10172393 d:ShareCapital 2021-01-01 2021-12-31 10172393 d:ShareCapital 2021-12-31 10172393 d:ShareCapital 2020-01-01 2020-12-31 10172393 d:ShareCapital 2020-12-31 10172393 d:ShareCapital 2020-01-01 10172393 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 10172393 d:RetainedEarningsAccumulatedLosses 2021-12-31 10172393 d:RetainedEarningsAccumulatedLosses 2020-01-01 2020-12-31 10172393 d:RetainedEarningsAccumulatedLosses 2020-12-31 10172393 d:RetainedEarningsAccumulatedLosses 2020-01-01 10172393 c:FRS102 2021-01-01 2021-12-31 10172393 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 10172393 c:FullAccounts 2021-01-01 2021-12-31 10172393 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 10172393 2 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 10172393









ALTERNATIVE EVENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
ALTERNATIVE EVENTS LIMITED
REGISTERED NUMBER: 10172393

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,003
-

  
1,003
-

Current assets
  

Debtors: amounts falling due within one year
 5 
190,861
163,709

Cash at bank and in hand
 6 
57,862
14,857

  
248,723
178,566

Creditors: amounts falling due within one year
 7 
(197,766)
(50,938)

Net current assets
  
 
 
50,957
 
 
127,628

Total assets less current liabilities
  
51,960
127,628

Creditors: amounts falling due after more than one year
 8 
(51,250)
(125,627)

  

Net assets
  
710
2,001


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
610
1,901

  
710
2,001


Page 1

 
ALTERNATIVE EVENTS LIMITED
REGISTERED NUMBER: 10172393
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 5 September 2022.




Sarah-Katherine Bagshaw
Director

The notes on pages 5 to 9 form part of these financial statements.

Page 2

 
ALTERNATIVE EVENTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2021


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2021
100
1,901
2,001


Comprehensive income for the year

Profit for the year

-
192,709
192,709


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
192,709
192,709

Dividends: Equity capital
-
(194,000)
(194,000)


Total transactions with owners
-
(194,000)
(194,000)


At 31 December 2021
100
610
710


The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
ALTERNATIVE EVENTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2020


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2020
100
2,384
2,484


Comprehensive income for the year

Profit for the year

-
95,796
95,796


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
95,796
95,796

Dividends: Equity capital
-
(96,279)
(96,279)


Total transactions with owners
-
(96,279)
(96,279)


At 31 December 2020
100
1,901
2,001


The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
ALTERNATIVE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Alternative Events Limited is a private company incorporated in England. 
The company’s registered office is Unit 35 Basepoint Business Centre, Aviation Business Park, Enterprise Close, Christchurch BN23 6NX.
These financial statements are presented in £ Sterling which is the functional currency of the company.

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 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 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

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 Statement of comprehensive income in the same period as the related expenditure.

Page 5

 
ALTERNATIVE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.4

Interest income

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

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

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.

 
2.7

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.

 
2.8

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:

Office 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 6

 
ALTERNATIVE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
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.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2021
        2020
            No.
            No.







4
4

Page 7

 
ALTERNATIVE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,338



At 31 December 2021

1,338



Depreciation


Charge for the year on owned assets
335



At 31 December 2021

335



Net book value



At 31 December 2021
1,003



At 31 December 2020
-


5.


Debtors

2021
2020
£
£


Trade debtors
54,000
-

Other debtors
136,861
163,709

190,861
163,709



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
57,862
14,857

57,862
14,857


Page 8

 
ALTERNATIVE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
15,000
-

Trade creditors
32,229
-

Corporation tax
101,296
-

Other taxation and social security
24,990
50,791

Other creditors
24,251
-

Accruals and deferred income
-
147

197,766
50,938



8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
51,250
75,000

Corporation tax
-
50,627

51,250
125,627



9.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
15,000
-


15,000
-



Amounts falling due after more than 5 years

Bank loans
51,250
75,000

51,250
75,000

66,250
75,000


 
Page 9