Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-31 2022-12-31 false 2022-01-01 1 1 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07383214 2022-01-01 2022-12-31 07383214 2022-12-31 07383214 2021-12-31 07383214 c:Director1 2022-01-01 2022-12-31 07383214 d:OfficeEquipment 2022-01-01 2022-12-31 07383214 d:OfficeEquipment 2022-12-31 07383214 d:OfficeEquipment 2021-12-31 07383214 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 07383214 d:OtherPropertyPlantEquipment 2022-01-01 2022-12-31 07383214 d:OtherPropertyPlantEquipment 2022-12-31 07383214 d:OtherPropertyPlantEquipment 2021-12-31 07383214 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 07383214 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 07383214 d:CurrentFinancialInstruments 2022-12-31 07383214 d:CurrentFinancialInstruments 2021-12-31 07383214 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07383214 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 07383214 d:ShareCapital 2022-12-31 07383214 d:ShareCapital 2021-12-31 07383214 d:RetainedEarningsAccumulatedLosses 2022-12-31 07383214 d:RetainedEarningsAccumulatedLosses 2021-12-31 07383214 c:OrdinaryShareClass1 2022-01-01 2022-12-31 07383214 c:OrdinaryShareClass1 2022-12-31 07383214 c:OrdinaryShareClass1 2021-12-31 07383214 c:FRS102 2022-01-01 2022-12-31 07383214 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 07383214 c:FullAccounts 2022-01-01 2022-12-31 07383214 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 07383214 2 2022-01-01 2022-12-31 07383214 2021-01-01 2021-12-31 07383214 d:KeyManagementPersonnel 2022-12-31 07383214 d:KeyManagementPersonnel 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07383214 FOUR TET LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
FOUR TET LIMITED REGISTERED NUMBER:07383214
BALANCE SHEET AS AT 31 DECEMBER 2022
|  | 2022 |  | 2021
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 30,721 |  | 29,410
|  |  | 30,721 |  | 29,410
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 386,900 |  | 350,039 |
Cash at bank and in hand | 6 | 3,507,024 |  | 3,075,427 |
|  | 3,893,924 |  | 3,425,466 |
Creditors: amounts falling due within one year | 7 | (260,115) |  | (458,995) |
Net current assets |  |  | 3,633,809 |  | 2,966,471
Total assets less current liabilities |  |  | 3,664,530 |  | 2,995,881
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (5,782) |  | (5,782) |
|  |  | (5,782) |  | (5,782)
Net assets |  |  | 3,658,748 |  | 2,990,099
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 100 |  | 100
Profit and loss account |  |  | 3,658,648 |  | 2,989,999
|  |  | 3,658,748 |  | 2,990,099
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FOUR TET LIMITED REGISTERED NUMBER:07383214
BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2022 The director considers 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 director acknowledges his 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:
K M D Hebden
Director
Date: 1 October 2023
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FOUR TET LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. | General information
Four Tet Limited is a private company, limited by shares, registered in England and Wales, registration number 07383214. The registered office address is Unit 10 Union Wharf, 23 Wenlock Road, London, N1 7SB. The principal activity of the company continued to be that of popular musician. 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 the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
| 2.2 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is pound sterling. 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 year 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 that relate to borrowings and cash are presented in the Profit and loss account within 'administration expenses'. All other foreign exchange gains and losses are presented in profit or loss.
| 2.3 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Royalties receivable are recognised at the year end date by the company. Royalties payable are calculated by reference to statements of account used for determining royalties receivable. Income from live performances are recognised once the performances have taken place. Merchandise income is recognised when the significant risks and rewards of ownership have been transferred to the buyer.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 3
FOUR TET LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 2.Accounting policies (continued)
| 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, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 25% | reducing balance
|  |  |  | Music equipment | - | 25% | reducing balance
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.
| 2.6 | 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.
| 2.7 | Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.8 | 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.
| 2.9 | Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.
| 2.10 | 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. Page 4
FOUR TET LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 2.Accounting policies (continued)
| 2.11 | 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 corporation 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3. | Employees
| The average monthly number of employees, including a director, during the year was 1 (2021-1).
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FOUR TET LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
4. | Tangible fixed assets
|  | Office equipment | Music Equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 January 2022 | 15,145 | 55,701 | 70,846
| Additions | 7,779 | 3,772 | 11,551
| At 31 December 2022 | 22,924 | 59,473 | 82,397
| Depreciation |  |  |
| At 1 January 2022 | 7,275 | 34,161 | 41,436
| Charge for the year | 3,912 | 6,328 | 10,240
| At 31 December 2022 | 11,187 | 40,489 | 51,676
| Net book value |  |  |
| At 31 December 2022 | 11,737 | 18,984 | 30,721
| At 31 December 2021 | 7,870 | 21,540 | 29,410
5. | Debtors
|  |  |  |  | 2022 | 2021
|  |  |  |  | £ | £
| Trade debtors | 14,725 | 94,821
| Other debtors | 286,404 | 185,719
| Prepayments and accrued income | 85,771 | 69,499
|  | 386,900 | 350,039
6. | Cash
|  |  |  |  | 2022 | 2021
|  |  |  |  | £ | £
| Cash at bank | 3,507,024 | 3,075,427
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FOUR TET LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
7. | Creditors: amounts falling due within one year
|  |  |  |  | 2022 | 2021
|  |  |  |  | £ | £
| Trade creditors | 6,069 | 470
| Corporation tax | 180,112 | 224,224
| Other taxation and social security | 65,889 | 170,101
| Accruals | 8,045 | 64,200
|  | 260,115 | 458,995
8. | Share capital
|  |  |  |  | 2022 | 2021
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2021 -100) Ordinary shares of £1.00 each | 100 | 100
| The shares have attached to them full rights regarding voting, payments of dividends and distributions.
9. | Transactions with the director
During the year the company advanced £328,559 (2021 - £250,035) to the director of which £231,800 (2021 - £249,805) was repaid to the company. As at the year end, the director owed £286,403 (2021 - £185,719) to the company. The loan is unsecured, repayable on demand and interest has been charged at the official rate.
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