Caseware UK (AP4) 2022.0.179 2022.0.179 2022-08-312022-08-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-09-01falseNo description of principal activity44truetrue 07234852 2021-08-31 07234852 2021-09-01 2022-08-31 07234852 2020-08-31 2021-08-30 07234852 2022-08-31 07234852 2021-08-30 07234852 2020-08-31 07234852 c:Director2 2021-09-01 2022-08-31 07234852 d:MotorVehicles 2021-09-01 2022-08-31 07234852 d:MotorVehicles 2022-08-31 07234852 d:MotorVehicles 2021-08-30 07234852 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-09-01 2022-08-31 07234852 d:CurrentFinancialInstruments 2022-08-31 07234852 d:CurrentFinancialInstruments 2021-08-30 07234852 d:Non-currentFinancialInstruments 2022-08-31 07234852 d:Non-currentFinancialInstruments 2021-08-30 07234852 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 07234852 d:CurrentFinancialInstruments d:WithinOneYear 2021-08-30 07234852 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 07234852 d:Non-currentFinancialInstruments d:AfterOneYear 2021-08-30 07234852 d:ShareCapital 2021-09-01 2022-08-31 07234852 d:ShareCapital 2022-08-31 07234852 d:ShareCapital 2021-08-30 07234852 d:ShareCapital 2020-08-31 07234852 d:RetainedEarningsAccumulatedLosses 2021-09-01 2022-08-31 07234852 d:RetainedEarningsAccumulatedLosses 2022-08-31 07234852 d:RetainedEarningsAccumulatedLosses 2020-08-31 2021-08-30 07234852 d:RetainedEarningsAccumulatedLosses 2021-08-30 07234852 d:RetainedEarningsAccumulatedLosses 2020-08-31 07234852 c:FRS102 2021-09-01 2022-08-31 07234852 c:AuditExempt-NoAccountantsReport 2021-09-01 2022-08-31 07234852 c:FullAccounts 2021-09-01 2022-08-31 07234852 c:PrivateLimitedCompanyLtd 2021-09-01 2022-08-31 07234852 d:EntityControlledByKeyManagementPersonnel1 2021-09-01 2022-08-31 07234852 d:EntityControlledByKeyManagementPersonnel1 2022-08-31 07234852 d:EntityControlledByKeyManagementPersonnel1 2021-08-30 07234852 d:HirePurchaseContracts d:WithinOneYear 2022-08-31 07234852 d:HirePurchaseContracts d:WithinOneYear 2021-08-30 07234852 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-08-31 07234852 d:HirePurchaseContracts d:BetweenOneFiveYears 2021-08-30 07234852 2 2021-09-01 2022-08-31 07234852 6 2021-09-01 2022-08-31 iso4217:GBP xbrli:pure

Registered number: 07234852









JAGW PROMOTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

 
JAGW PROMOTIONS LIMITED
REGISTERED NUMBER: 07234852

BALANCE SHEET
AS AT 31 AUGUST 2022

As restated
2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
76,375
17,527

Investments
 5 
485,293
1,589,735

  
561,668
1,607,262

Current assets
  

Debtors: amounts falling due within one year
 6 
1,650,757
1,606,203

Cash at bank and in hand
  
1,004,988
16,453

  
2,655,745
1,622,656

Creditors: amounts falling due within one year
 7 
(112,910)
(152,842)

Net current assets
  
 
 
2,542,835
 
 
1,469,814

Creditors: amounts falling due after more than one year
 8 
(63,066)
-

  

Net assets
  
3,041,437
3,077,076


Capital and reserves
  

Called up share capital 
  
100
1

Retained earnings
  
3,041,337
3,077,075

Shareholders' funds
  
3,041,437
3,077,076


Page 1

 
JAGW PROMOTIONS LIMITED
REGISTERED NUMBER: 07234852
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2022

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 and delivered 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 Company has opted not to file the Statement of Income and Retained Earnings 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: 






A J Wilshere
Director

Date: 6 October 2023

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
JAGW PROMOTIONS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2022


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 August 2020
1
3,080,163
3,080,164


Comprehensive income for the year

Loss for the year
-
(3,088)
(3,088)



At 1 September 2021
1
3,077,075
3,077,076


Comprehensive income for the year

Loss for the year
-
(20,738)
(20,738)


Contributions by and distributions to owners

Dividends: Equity capital
-
(15,000)
(15,000)

Shares issued during the year
99
-
99


At 31 August 2022
100
3,041,337
3,041,437

Page 3

 
JAGW PROMOTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

1.


General information

JAGW Promotions Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 07234852). The registered office address is 14th Floor, 103 Colmore Row, Birmingham, B3 3AG.

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

Going concern

The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

 
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.

Page 4

 
JAGW PROMOTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

2.Accounting policies (continued)

 
2.4

Turnover

Image rights 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. Image rights turnover 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 turnover is recognised:

Rendering of services

Image rights turnover 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 turnover 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.

 
2.5

Interest income

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

 
2.6

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.

Page 5

 
JAGW PROMOTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

2.Accounting policies (continued)

 
2.7

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:

Motor vehicles
-
25%
straight-line

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.

 
2.8

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit or loss for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
 

 
2.9

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument. 
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs. 

Page 6

 
JAGW PROMOTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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 4 (2021 - 4).

Page 7

 
JAGW PROMOTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

4.


Tangible fixed assets





Motor vehicles

£



Cost


At 1 September 2021
84,131


Additions
78,000



At 31 August 2022

162,131



Depreciation


At 1 September 2021
66,604


Charge for the year
19,152



At 31 August 2022

85,756



Net book value



At 31 August 2022
76,375



At 31 August 2021
17,527

Page 8

 
JAGW PROMOTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

5.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


As restated at 31 August 2021
1,379,735
210,000
1,589,735


Additions
181,268
-
181,268


Disposals
(1,270,976)
-
(1,270,976)


Revaluations
(14,734)
-
(14,734)



At 31 August 2022
275,293
210,000
485,293







6.


Debtors

As restated
2022
2021
£
£


Other debtors
1,615,331
1,589,991

Prepayments and accrued income
369
520

Tax recoverable
35,057
15,692

1,650,757
1,606,203



7.


Creditors: Amounts falling due within one year

As restated
2022
2021
£
£

Corporation tax
27,485
84,938

Other taxation and social security
1,000
-

Obligations under finance lease and hire purchase contracts
6,641
-

Other creditors
63,822
63,329

Accruals and deferred income
13,962
4,575

112,910
152,842


Page 9

 
JAGW PROMOTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Net obligations under finance leases and hire purchase contracts
63,066
-



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2022
2021
£
£


Within one year
6,641
-

Between 1-5 years
63,066
-

69,707
-


10.


Prior year adjustment

The prior year investment figures on the Balance Sheet have been restated such that only investments owned by the Company are now included on the Company's Balance Sheet. The prior year figures on the Statement of Income and Retained Earnings and the Statement of Changes in Equity have been restated such that only gains and lossess associated with investments owned by the Company have been recongnised. The comparative figures displayed on the Statement of Income and Retained Earnings have also been restated for classification and presentational purposes.


11.


Transactions with directors

At the balance sheet date the Company was owed £57,378 (as restated 2021 - £35,061)  by the directors. This loan is unsecured, interest free and is repayable on demand.


12.


Related party transactions

At the balance sheet date £1,547,953 (2021 - £1,522,953) was owed to the Company by a related Company, with common directors. This amount is repayable on demand and is interest free.


13.


Controlling party

The directors do not consider there to be an ultimate controlling party.

 
Page 10