Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312021-01-01falseAdvertising agencies166truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11681742 2021-01-01 2021-12-31 11681742 2019-12-01 2020-12-31 11681742 2021-12-31 11681742 2020-12-31 11681742 c:Director4 2021-01-01 2021-12-31 11681742 d:Buildings d:ShortLeaseholdAssets 2021-01-01 2021-12-31 11681742 d:Buildings d:ShortLeaseholdAssets 2021-12-31 11681742 d:Buildings d:ShortLeaseholdAssets 2020-12-31 11681742 d:LandBuildings 2021-12-31 11681742 d:LandBuildings 2020-12-31 11681742 d:OfficeEquipment 2021-01-01 2021-12-31 11681742 d:OfficeEquipment 2021-12-31 11681742 d:OfficeEquipment 2020-12-31 11681742 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 11681742 d:ComputerEquipment 2021-01-01 2021-12-31 11681742 d:ComputerEquipment 2021-12-31 11681742 d:ComputerEquipment 2020-12-31 11681742 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 11681742 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 11681742 d:CurrentFinancialInstruments 2021-12-31 11681742 d:CurrentFinancialInstruments 2020-12-31 11681742 d:Non-currentFinancialInstruments 2021-12-31 11681742 d:Non-currentFinancialInstruments 2020-12-31 11681742 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11681742 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 11681742 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 11681742 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 11681742 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-12-31 11681742 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-12-31 11681742 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 11681742 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-12-31 11681742 d:ShareCapital 2021-12-31 11681742 d:ShareCapital 2020-12-31 11681742 d:RetainedEarningsAccumulatedLosses 2021-12-31 11681742 d:RetainedEarningsAccumulatedLosses 2020-12-31 11681742 c:OrdinaryShareClass1 2021-01-01 2021-12-31 11681742 c:OrdinaryShareClass1 2021-12-31 11681742 c:OrdinaryShareClass1 2020-12-31 11681742 c:FRS102 2021-01-01 2021-12-31 11681742 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 11681742 c:FullAccounts 2021-01-01 2021-12-31 11681742 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 11681742 2 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11681742









NEVERLAND CREATIVE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
NEVERLAND CREATIVE LIMITED
REGISTERED NUMBER: 11681742

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
103,384
92,630

  
103,384
92,630

Current assets
  

Debtors: amounts falling due within one year
 5 
764,460
498,166

Cash at bank and in hand
 6 
571,785
271,601

  
1,336,245
769,767

Creditors: amounts falling due within one year
 7 
(1,032,612)
(742,127)

Net current assets
  
 
 
303,633
 
 
27,640

Total assets less current liabilities
  
407,017
120,270

Creditors: amounts falling due after more than one year
 8 
(38,842)
(50,000)

  

Net assets
  
368,175
70,270


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
368,075
70,170

  
368,175
70,270


Page 1

 
NEVERLAND CREATIVE LIMITED
REGISTERED NUMBER: 11681742
    
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 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 by: 




S Massey
Director

Date: 14 September 2022

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
NEVERLAND CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Neverland Creative Limited is a private company limited by shares, incorporated in England and Wales (registered number: 11681742). 
The registered office and principal place of business address is 135 Curtain Road, Floor 3, London, EC2A 3BX.
The principal activity of the company is that of a brand strategy and creative communications agency.
The 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 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

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 Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
NEVERLAND CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
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.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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.

Page 4

 
NEVERLAND CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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:

Short-term leasehold property
-
Office equipment
-
4 years
Computer equipment
-
3 years

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
NEVERLAND CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
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 directors, during the year was 16 (2020 - 6).


4.


Tangible fixed assets





Short-term leasehold property
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2021
97,104
20,388
6,716
124,208


Additions
8,250
10,646
36,084
54,980



At 31 December 2021

105,354
31,034
42,800
179,188



Depreciation


At 1 January 2021
24,276
5,097
2,206
31,579


Charge for the year on owned assets
26,339
7,759
10,127
44,225



At 31 December 2021

50,615
12,856
12,333
75,804



Net book value



At 31 December 2021
54,739
18,178
30,467
103,384



At 31 December 2020
72,828
15,291
4,511
92,630

Page 6

 
NEVERLAND CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

           4.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


2021
2020
£
£

Short leasehold
54,740
72,828

54,740
72,828



5.


Debtors

2021
2020
£
£


Trade debtors
551,066
375,364

Other debtors
85,071
82,501

Prepayments and accrued income
128,323
40,301

764,460
498,166



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
571,785
271,601

571,785
271,601


Page 7

 
NEVERLAND CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
244,289
226,183

Corporation tax
77,656
37,347

Other taxation and social security
90,182
59,937

Other creditors
94,487
91,007

Accruals and deferred income
516,415
327,653

Bank loans
9,583
-

1,032,612
742,127



8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
38,842
50,000

38,842
50,000


Page 8

 
NEVERLAND CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

9.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
9,583
-


9,583
-

Amounts falling due 1-2 years

Bank loans
19,875
-


19,875
-

Amounts falling due 2-5 years

Bank loans
18,968
50,000


18,968
50,000


48,426
50,000



10.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



100 (2020 - 100) Ordinary shares of £1.00 each
100
100



11.


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.

 
Page 9