Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31002022-01-01falsepublishing texts in anthropological theorytruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11180976 2022-01-01 2022-12-31 11180976 2021-01-01 2021-12-31 11180976 2022-12-31 11180976 2021-12-31 11180976 c:Director4 2022-01-01 2022-12-31 11180976 d:CurrentFinancialInstruments 2022-12-31 11180976 d:CurrentFinancialInstruments 2021-12-31 11180976 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11180976 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11180976 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 11180976 d:RetainedEarningsAccumulatedLosses 2022-12-31 11180976 d:RetainedEarningsAccumulatedLosses 2021-12-31 11180976 c:FRS102 2022-01-01 2022-12-31 11180976 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 11180976 c:FullAccounts 2022-01-01 2022-12-31 11180976 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 11180976










SOCIETY FOR ETHNOGRAPHIC THEORY








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
SOCIETY FOR ETHNOGRAPHIC THEORY
REGISTERED NUMBER: 11180976

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
11,630
24,138

Cash at bank and in hand
  
9,040
7,593

  
20,670
31,731

Creditors: amounts falling due within one year
 5 
(6,447)
(17,659)

Net current assets
  
 
 
14,223
 
 
14,072

  

Net assets
  
14,223
14,072


Capital and reserves
  

Profit and loss account
 7 
14,223
14,072

  
14,223
14,072


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: 




Ms A Taylor
Director

Date: 28 September 2023

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
SOCIETY FOR ETHNOGRAPHIC THEORY
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Society for Ethnographic Theory is a private company limited by guarantee and is registered and incorporated in England and Wales. The registered office is Bush House C/O Dr Kriti Kapila, School of Global Affairs, King's College London, Bush House, London, WC2B 4BG.

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 assessed whether the use of going concern assumption is appropriate. This assessment includes the consideration of journal subvention income from the University of Chicago Press, a contract which is valid until 2027, and subvention income from Knowledge Unlatched, a contract which is valid until 2025. Both contracts are renewable thereafter. Furthermore the directors have moved to reduce costs by merging the roles of managing editor and editorial officer and placing an embargo on travel expenses. Therefore the directors are satisfied that the company can continue in operational existence for a period of at least one year from the date of authorisation of these financial statements.

 
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.

  
2.4

Income and expenditure

Income and expenditure are included in the financial statements as they become receivable or due.
Expenditure includes VAT where applicable as the company cannot reclaim it.

  
2.5

Grants

Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Page 2

 
SOCIETY FOR ETHNOGRAPHIC THEORY
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

  
2.6

Employee benefits

There are no employees on contracts of employment with the company. Work is carried out by casual workers who are compensated by payments of honoraria.

 
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

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.

 
2.9

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.

 
2.10

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.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transaction 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 investment in ordinary shares.

Page 3

 
SOCIETY FOR ETHNOGRAPHIC THEORY
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2021 - £NIL).


4.


Debtors

2022
2021
£
£


Trade debtors
2,487
14,130

Accrued income
9,143
10,008

11,630
24,138



5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
1,219
12,659

Corporation tax
200
200

Other creditors
5,028
4,800

6,447
17,659



6.


Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of the members is limited, subject to an undertaking by each member to contribute net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.


7.


Reserves

Profit and loss account

Reserves constitute the profit and loss account only. This is to be spent on the general running of the company in pursuit of its principal activity. In the event of the company being wound up any remaining reserves would be transferred to another entity to continue the work of the company.

Page 4