Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-3012022-07-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09653540 2022-07-01 2023-06-30 09653540 2021-07-01 2022-06-30 09653540 2023-06-30 09653540 2022-06-30 09653540 c:Director1 2022-07-01 2023-06-30 09653540 d:FurnitureFittings 2022-07-01 2023-06-30 09653540 d:FurnitureFittings 2023-06-30 09653540 d:FurnitureFittings 2022-06-30 09653540 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09653540 d:OfficeEquipment 2022-07-01 2023-06-30 09653540 d:OfficeEquipment 2023-06-30 09653540 d:OfficeEquipment 2022-06-30 09653540 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09653540 d:ComputerEquipment 2022-07-01 2023-06-30 09653540 d:ComputerEquipment 2023-06-30 09653540 d:ComputerEquipment 2022-06-30 09653540 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09653540 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09653540 d:CurrentFinancialInstruments 2023-06-30 09653540 d:CurrentFinancialInstruments 2022-06-30 09653540 d:Non-currentFinancialInstruments 2023-06-30 09653540 d:Non-currentFinancialInstruments 2022-06-30 09653540 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09653540 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09653540 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09653540 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 09653540 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 09653540 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 09653540 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 09653540 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 09653540 d:ShareCapital 2023-06-30 09653540 d:ShareCapital 2022-06-30 09653540 d:RetainedEarningsAccumulatedLosses 2023-06-30 09653540 d:RetainedEarningsAccumulatedLosses 2022-06-30 09653540 c:FRS102 2022-07-01 2023-06-30 09653540 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09653540 c:FullAccounts 2022-07-01 2023-06-30 09653540 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09653540 2 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure
Registered number: 09653540









AQUAMARINE MEDIA LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023














 
AQUAMARINE MEDIA LTD
REGISTERED NUMBER:09653540

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
524
653

  
524
653

Current assets
  

Debtors: amounts falling due within one year
 5 
14,779
16,347

Cash at bank and in hand
  
27,211
36,536

  
41,990
52,883

Creditors: amounts falling due within one year
 6 
(33,723)
(33,108)

Net current assets
  
 
 
8,267
 
 
19,775

Total assets less current liabilities
  
8,791
20,428

Creditors: amounts falling due after more than one year
 7 
(7,963)
(11,969)

  

Net assets
  
828
8,459


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
827
8,458

  
828
8,459


Page 1

 
AQUAMARINE MEDIA LTD
REGISTERED NUMBER:09653540
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

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 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 on 27 November 2023.




A MacKay
Director

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

Page 2

 
AQUAMARINE MEDIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Aquamarine Media Ltd is a private company, limited by shares, domiciled in England. The registered office is The Generator Quay House, The Gallery, Kings Wharf, Exeter, Devon, England, EX2 4AN.

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 directors confirm that, having considered their expectations and intentions for next twelve months, and the availability of working capital, the company is a going concern.

 
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:

Rendering of services

Revenue 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 revenue 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.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

Page 3

 
AQUAMARINE MEDIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
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.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

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.

 
2.9

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:

Fixtures and fittings
-
5 years straight line
Office equipment
-
4 years straight line
Computer equipment
-
3 years 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.

 
2.10

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.

Page 4

 
AQUAMARINE MEDIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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 banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.14

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 1 (2022 - 1).

Page 5

 
AQUAMARINE MEDIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2022
475
733
6,398
7,606


Additions
-
-
409
409


Disposals
-
-
(419)
(419)



At 30 June 2023

475
733
6,388
7,596



Depreciation


At 1 July 2022
475
299
6,179
6,953


Charge for the year on owned assets
-
183
355
538


Disposals
-
-
(419)
(419)



At 30 June 2023

475
482
6,115
7,072



Net book value



At 30 June 2023
-
251
273
524



At 30 June 2022
-
434
219
653


5.


Debtors

2023
2022
£
£


Trade debtors
5,916
9,240

Other debtors
8,863
7,107

14,779
16,347


Page 6

 
AQUAMARINE MEDIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,005
3,907

Trade creditors
171
160

Corporation tax
19,957
22,147

Other taxation and social security
8,242
5,634

Accruals and deferred income
1,348
1,260

33,723
33,108



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
7,963
11,969

7,963
11,969


Page 7

 
AQUAMARINE MEDIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
4,005
3,907


4,005
3,907

Amounts falling due 1-2 years

Bank loans
4,107
4,006


4,107
4,006

Amounts falling due 2-5 years

Bank loans
3,856
7,963


3,856
7,963


11,968
15,876


 
Page 8