Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31false2021-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity22true 6821239 2021-01-01 2021-12-31 6821239 2020-01-01 2020-12-31 6821239 2021-12-31 6821239 2020-12-31 6821239 2020-01-01 6821239 c:Director1 2021-01-01 2021-12-31 6821239 d:Buildings 2021-01-01 2021-12-31 6821239 d:Buildings 2021-12-31 6821239 d:Buildings 2020-12-31 6821239 d:PlantMachinery 2021-01-01 2021-12-31 6821239 d:PlantMachinery 2021-12-31 6821239 d:PlantMachinery 2020-12-31 6821239 d:CurrentFinancialInstruments 2021-12-31 6821239 d:CurrentFinancialInstruments 2020-12-31 6821239 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 6821239 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 6821239 d:ShareCapital 2021-12-31 6821239 d:ShareCapital 2020-12-31 6821239 d:RevaluationReserve 2021-12-31 6821239 d:RevaluationReserve 2020-12-31 6821239 d:RetainedEarningsAccumulatedLosses 2021-12-31 6821239 d:RetainedEarningsAccumulatedLosses 2020-12-31 6821239 c:FRS102 2021-01-01 2021-12-31 6821239 c:IndependentExaminationCharity 2021-01-01 2021-12-31 6821239 c:FullAccounts 2021-01-01 2021-12-31 6821239 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 6821239 d:WithinOneYear 2021-12-31 6821239 d:WithinOneYear 2020-12-31 6821239 5 2021-01-01 2021-12-31 6821239 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 6821239 d:AcceleratedTaxDepreciationDeferredTax 2020-12-31 6821239 d:TaxLossesCarry-forwardsDeferredTax 2021-12-31 6821239 d:TaxLossesCarry-forwardsDeferredTax 2020-12-31 iso4217:GBP xbrli:pure

Registered number: 6821239










EVENT WAREHOUSING AND LOGISTICS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
EVENT WAREHOUSING AND LOGISTICS LIMITED
REGISTERED NUMBER:6821239

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,400,000
375,648

Current assets
  

Debtors: amounts falling due within one year
 5 
23,452
873

Cash at bank and in hand
 6 
150,749
117,085

  
174,201
117,958

Creditors: amounts falling due within one year
 7 
(205,006)
(193,721)

Net current liabilities
  
 
 
(30,805)
 
 
(75,763)

Total assets less current liabilities
  
1,369,195
299,885

Provisions for liabilities
  

Deferred tax
 8 
(262,337)
(1,206)

  
 
 
(262,337)
 
 
(1,206)

Net assets
  
1,106,858
298,679


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
1,024,352
-

Profit and loss account
  
82,406
298,579

  
1,106,858
298,679


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 by: 


Mr N A V Adams
Director
Page 1

 
EVENT WAREHOUSING AND LOGISTICS LIMITED
REGISTERED NUMBER:6821239
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021


Date: 6 September 2022

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
EVENT WAREHOUSING AND LOGISTICS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Event Warehousing and Logistics Limited is a private company, limited by shares, registered in England and Wales. The registered address is 10 Queen Street Place, London, EC4R 1AG. 

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

Going concern

In light of the impact of COVID-19 consumer demand, the Company has reviewed its cash flow forecasts and considered the impact on going concern, concluding that the going concern basis remains an appropriate basis of preparation for these financial statements given the likely cash flow impact of operations 12 months from the date of signing this report.

 
2.3

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.

Page 3

 
EVENT WAREHOUSING AND LOGISTICS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

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.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance and 33% straight line

  
2.6

Debtors

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

Page 4

 
EVENT WAREHOUSING AND LOGISTICS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
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.

 
2.10

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.


3.


Employees

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


        2021
        2020
            No.
            No.







Employees
2
2

Page 5

 
EVENT WAREHOUSING AND LOGISTICS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 January 2021
411,703
66,569
478,272


Revaluations
1,024,352
-
1,024,352



At 31 December 2021

1,436,055
66,569
1,502,624



Depreciation


At 1 January 2021
36,055
66,569
102,624



At 31 December 2021

36,055
66,569
102,624



Net book value



At 31 December 2021
1,400,000
-
1,400,000



At 31 December 2020
375,648
-
375,648

The company directors carried out a valuation of the freehold property during the financial year to a fair value of £1,400,000. As a result of the revaluation, no depreciation was deemed necessary.

Page 6

 
EVENT WAREHOUSING AND LOGISTICS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Debtors

2021
2020
£
£


Trade debtors
22,500
-

Amounts owed by group undertakings
100
100

Prepayments and accrued income
852
773

23,452
873



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
150,749
117,085

150,749
117,085



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
-
1,040

Amounts owed to group undertakings
144,309
144,309

Corporation tax
10,422
-

Other taxation and social security
3,550
3,308

Other creditors
25,123
25,120

Accruals and deferred income
21,602
19,944

205,006
193,721



8.


Deferred taxation




2021
2020


£

£






At beginning of year
(1,206)
(982)


Charged to profit or loss
(261,131)
(224)



At end of year
(262,337)
(1,206)

Page 7

 
EVENT WAREHOUSING AND LOGISTICS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Fixed asset timing differences
(1,700)
(1,206)

Capital gains
(260,637)
-

(262,337)
(1,206)


9.


Receivables under operating leases

At 31 December 2021 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2021
2020
£
£


Not later than 1 year
-
58,333

-
58,333

During the year, the company earned rental income of £Nil (2020: £58,333) from operating leases.


10.


Related party transactions

As at the balance sheet date, the company owed a balance of £144,309 (2020: £144,309) to Sense Marketing Services Limited, its fellow subsidiary.

The company was owed £100 (2020: £100) by Sense Holding Group Limited, its ultimate parent.

These balances are interest free and are repayable on demand.


11.


Controlling party

The ulimate parent company is Sense Holding Group Limited, a company registered in England and Wales. 
The ultimate controling party is Mr N A V Adams, a director of the company.  

 
Page 8