Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-31falseNo description of principal activitytrue2021-11-014333trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08054658 2021-11-01 2022-10-31 08054658 2020-11-01 2021-10-31 08054658 2022-10-31 08054658 2021-10-31 08054658 c:Director1 2021-11-01 2022-10-31 08054658 d:Buildings 2021-11-01 2022-10-31 08054658 d:Buildings 2022-10-31 08054658 d:Buildings 2021-10-31 08054658 d:Buildings d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 08054658 d:Buildings d:LongLeaseholdAssets 2021-11-01 2022-10-31 08054658 d:FurnitureFittings 2021-11-01 2022-10-31 08054658 d:OfficeEquipment 2021-11-01 2022-10-31 08054658 d:OtherPropertyPlantEquipment 2021-11-01 2022-10-31 08054658 d:OtherPropertyPlantEquipment 2022-10-31 08054658 d:OtherPropertyPlantEquipment 2021-10-31 08054658 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 08054658 d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 08054658 d:CurrentFinancialInstruments 2022-10-31 08054658 d:CurrentFinancialInstruments 2021-10-31 08054658 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 08054658 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 08054658 d:ShareCapital 2022-10-31 08054658 d:ShareCapital 2021-10-31 08054658 d:RetainedEarningsAccumulatedLosses 2022-10-31 08054658 d:RetainedEarningsAccumulatedLosses 2021-10-31 08054658 c:OrdinaryShareClass1 2021-11-01 2022-10-31 08054658 c:OrdinaryShareClass1 2022-10-31 08054658 c:FRS102 2021-11-01 2022-10-31 08054658 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 08054658 c:FullAccounts 2021-11-01 2022-10-31 08054658 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 08054658 d:WithinOneYear 2022-10-31 08054658 d:WithinOneYear 2021-10-31 08054658 d:BetweenOneFiveYears 2022-10-31 08054658 d:BetweenOneFiveYears 2021-10-31 08054658 d:AcceleratedTaxDepreciationDeferredTax 2022-10-31 08054658 d:AcceleratedTaxDepreciationDeferredTax 2021-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08054658














ROSE UNIACKE STUDIO LIMITED
UNAUDITED
 FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

 
ROSE UNIACKE STUDIO LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 8


 
ROSE UNIACKE STUDIO LIMITED
REGISTERED NUMBER:08054658

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
739,868
640,445

Current assets
  

Stocks
  
1,554,196
1,797,388

Debtors: amounts falling due within one year
 5 
1,697,105
1,423,131

Cash at bank and in hand
  
658,256
286,208

  
3,909,557
3,506,727

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(1,199,372)
(974,699)

Net current assets
  
 
 
2,710,185
 
 
2,532,028

Total assets less current liabilities
  
3,450,053
3,172,473

Provisions for liabilities
  

Deferred tax
 7 
(75,933)
(51,204)

Net assets
  
3,374,120
3,121,269


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
3,374,119
3,121,268

  
3,374,120
3,121,269


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 her 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.

Page 1

 
ROSE UNIACKE STUDIO LIMITED
REGISTERED NUMBER:08054658
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2022

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 on 12 October 2023.




R C Heyman
Director

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

Page 2

 
ROSE UNIACKE STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

The company's legal form is that of a private limited company incorporated in England & Wales. The company's  registered office address and trading address is at 76-78 Pimlico Road, London, SW1W 8PL.
The company's principal activity continued to be that of interior designing and consultancy.

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

Turnover

Turnover comprises revenue recognised by the company in respect of design fees and recharged expenses during the year, exclusive of Value Added Tax.
Design fees are non-recoupable and are accounted for on a receipts basis. Recharged expenses are costs recharged at a margin and are accounted for in the period in which the work is carried out.

 
2.3

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:


L/Term Leasehold Property
-
over the term of the lease
Fixtures and fittings
-
25% straight line
Office equipment
-
25% straight line
Other fixed assets
-
25% straight line

 
2.4

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

 
2.5

Debtors

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

 
2.6

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.

Page 3

 
ROSE UNIACKE STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.7

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 and to related parties.

 
2.8

Creditors

Short term creditors are measured at the transaction price. 

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ 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 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.

 
2.11

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 4

 
ROSE UNIACKE STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.12

Pensions

Defined contribution pension plan
The Company contributes to 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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

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 reporting 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 reporting 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 reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 43 (2021 - 33).

Page 5

 
ROSE UNIACKE STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

4.


Tangible fixed assets





Long leasehold
Other fixed assets
Total

£
£
£



Cost 


At 1 November 2021
476,742
594,752
1,071,494


Additions
12,551
295,146
307,697


Disposals
-
(6,318)
(6,318)



At 31 October 2022

489,293
883,580
1,372,873



Depreciation


At 1 November 2021
105,791
325,258
431,049


Charge for the year on owned assets
43,274
165,000
208,274


Disposals
-
(6,318)
(6,318)



At 31 October 2022

149,065
483,940
633,005



Net book value



At 31 October 2022
340,228
399,640
739,868



At 31 October 2021
370,951
269,494
640,445


5.


Debtors

2022
2021
£
£


Trade debtors
1,504,240
1,107,573

Other debtors
-
5,321

Prepayments and accrued income
172,391
180,819

VAT recoverable
20,474
129,418

1,697,105
1,423,131


Page 6

 
ROSE UNIACKE STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
340,487
355,810

Taxation and social security
67,987
176,448

Other creditors
226,846
119,517

Accruals and deferred income
564,052
322,924

1,199,372
974,699



7.


Deferred taxation




2022


£






At beginning of year
51,204


Charged to profit or loss
24,729



At end of year
75,933

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Accelerated capital allowances
75,933
51,204


8.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1


Page 7

 
ROSE UNIACKE STUDIO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

9.


Commitments under operating leases

At 31 October 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
2021
£
£


Not later than 1 year
85,000
85,000

Later than 1 year and not later than 5 years
177,083
262,083

262,083
347,083

 
Page 8