Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-012023-01-0132022-01-01falseNo description of principal activity30truetrue 11035437 2022-01-01 2023-01-01 11035437 2021-01-01 2021-12-31 11035437 2023-01-01 11035437 2021-12-31 11035437 c:Director2 2022-01-01 2023-01-01 11035437 d:PlantMachinery 2022-01-01 2023-01-01 11035437 d:FurnitureFittings 2022-01-01 2023-01-01 11035437 d:FurnitureFittings 2023-01-01 11035437 d:FurnitureFittings 2021-12-31 11035437 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2023-01-01 11035437 d:ComputerEquipment 2022-01-01 2023-01-01 11035437 d:ComputerEquipment 2023-01-01 11035437 d:ComputerEquipment 2021-12-31 11035437 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-01 2023-01-01 11035437 d:OtherPropertyPlantEquipment 2022-01-01 2023-01-01 11035437 d:OtherPropertyPlantEquipment 2023-01-01 11035437 d:OtherPropertyPlantEquipment 2021-12-31 11035437 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-01-01 2023-01-01 11035437 d:OwnedOrFreeholdAssets 2022-01-01 2023-01-01 11035437 d:CurrentFinancialInstruments 2023-01-01 11035437 d:CurrentFinancialInstruments 2021-12-31 11035437 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-01 11035437 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11035437 d:ShareCapital 2023-01-01 11035437 d:ShareCapital 2021-12-31 11035437 d:RetainedEarningsAccumulatedLosses 2023-01-01 11035437 d:RetainedEarningsAccumulatedLosses 2021-12-31 11035437 c:FRS102 2022-01-01 2023-01-01 11035437 c:Audited 2022-01-01 2023-01-01 11035437 c:FullAccounts 2022-01-01 2023-01-01 11035437 c:PrivateLimitedCompanyLtd 2022-01-01 2023-01-01 11035437 c:SmallCompaniesRegimeForAccounts 2022-01-01 2023-01-01 iso4217:GBP xbrli:pure

Registered number: 11035437










KRICKET TVC LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 1 JANUARY 2023

 
KRICKET TVC LIMITED
REGISTERED NUMBER: 11035437

STATEMENT OF FINANCIAL POSITION
AS AT 1 JANUARY 2023

Period ended 1 January
Year ended 31 December
2023
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
669,140
838,654

  
669,140
838,654

Current assets
  

Stocks
  
12,196
14,054

Debtors: amounts falling due within one year
 5 
92,257
146,442

Cash at bank and in hand
 6 
54,389
29,753

  
158,842
190,249

Creditors: amounts falling due within one year
 7 
(2,292,736)
(2,091,095)

Net current liabilities
  
 
 
(2,133,894)
 
 
(1,900,846)

Total assets less current liabilities
  
(1,464,754)
(1,062,192)

  

Net liabilities
  
(1,464,754)
(1,062,192)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,464,854)
(1,062,292)

  
(1,464,754)
(1,062,192)


Page 1

 
KRICKET TVC LIMITED
REGISTERED NUMBER: 11035437
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 1 JANUARY 2023

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: 




R A Campbell
Director

Date: 20 November 2023

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

Page 2

 
KRICKET TVC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 JANUARY 2023

1.


General information

Kricket TVC Limited is a private company limited by shares incorporated in England and Wales (registered number: 11035437) . The registered office is 2nd Floor, 12-14 Denman Street. London, W1D 7HJ.
The financial statements have been prepared in GBP Sterling which is also 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

Going concern

The financial statements have been prepared on the going concern basis.
Given that the Company is in a net defecit position the company will continue to be supported by other group companies to ensure that the company can operate viably and meet its obligations as they fall due for a period of 12 months from the date of this report. We therefore consider it appropriate to prepare the financial statements on the going concern basis.

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
KRICKET TVC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 JANUARY 2023

2.Accounting policies (continued)

 
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

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
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:

Plant and machinery
-
25%
straight line
Fixtures and fittings
-
25%
and 12.5% straight line
Computer equipment
-
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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
KRICKET TVC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 JANUARY 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 30 (2021 - 3).

Page 5

 
KRICKET TVC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 JANUARY 2023

4.


Tangible fixed assets







Fixtures and fittings
Computer equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 January 2022
1,402,685
20,860
21,668
1,445,213


Additions
17,264
-
1,235
18,499



At 1 January 2023

1,419,949
20,860
22,903
1,463,712



Depreciation


At 1 January 2022
577,180
15,804
13,575
606,559


Charge for the period on owned assets
179,707
3,751
4,555
188,013



At 1 January 2023

756,887
19,555
18,130
794,572



Net book value



At 1 January 2023
663,062
1,305
4,773
669,140



At 31 December 2021
825,505
5,056
8,093
838,654


5.


Debtors

1 January
31 December
2023
2021
£
£


Trade debtors
12,267
-

Amounts owed by group undertakings
16,140
14,973

Other debtors
11,599
1,150

Prepayments and accrued income
52,251
130,319

92,257
146,442


Page 6

 
KRICKET TVC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 JANUARY 2023

6.


Cash and cash equivalents

1 January
31 December
2023
2021
£
£

Cash at bank and in hand
54,389
29,753

54,389
29,753



7.


Creditors: Amounts falling due within one year

1 January
31 December
2023
2021
£
£

Trade creditors
302,460
173,627

Amounts owed to group undertakings
1,920,875
1,814,811

Other taxation and social security
22,382
13,717

Other creditors
4,095
122

Accruals and deferred income
42,924
88,818

2,292,736
2,091,095



8.


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 and amounted to £6,239 (2021- £7,359). Contributions payable to the fund at the balance sheet date amounted to £Nil (2021 - £Nil).


9.


Related party transactions

Included within creditors is an amount of £1,920,875 (2021: £1,814,811) owed to group companies. 
Included within debtors is an amount of £16,140 (2021: £14,973) owed from group companies. 


10.


Controlling party

The intermediate controlling party is WRP Holdco Ltd, a limited liability partnership incorporated in England and Wales (registered number: 14264912). The registered address is 12-14 Denman Street, London, W1D 7HJ. The ultimate controlling party is C Miller.

Page 7

 
KRICKET TVC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 JANUARY 2023

11.


Auditors' information

The auditors' report on the financial statements for the period ended 1 January 2023 was unqualified.

The audit report was signed on 20 November 2023 by Daniel Walters (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

 
Page 8