Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31false2022-06-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09126030 2022-06-01 2023-05-31 09126030 2021-06-01 2022-05-31 09126030 2023-05-31 09126030 2022-05-31 09126030 c:Director2 2022-06-01 2023-05-31 09126030 d:FurnitureFittings 2022-06-01 2023-05-31 09126030 d:FurnitureFittings 2023-05-31 09126030 d:FurnitureFittings 2022-05-31 09126030 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 09126030 d:ComputerEquipment 2022-06-01 2023-05-31 09126030 d:ComputerEquipment 2023-05-31 09126030 d:ComputerEquipment 2022-05-31 09126030 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 09126030 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 09126030 d:CurrentFinancialInstruments 2023-05-31 09126030 d:CurrentFinancialInstruments 2022-05-31 09126030 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09126030 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 09126030 d:ShareCapital 2023-05-31 09126030 d:ShareCapital 2022-05-31 09126030 d:CapitalRedemptionReserve 2023-05-31 09126030 d:CapitalRedemptionReserve 2022-05-31 09126030 d:RetainedEarningsAccumulatedLosses 2023-05-31 09126030 d:RetainedEarningsAccumulatedLosses 2022-05-31 09126030 c:FRS102 2022-06-01 2023-05-31 09126030 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 09126030 c:FullAccounts 2022-06-01 2023-05-31 09126030 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 09126030 e:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 09126030









SAVILE ROSE EVENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
SAVILE ROSE EVENTS LIMITED
REGISTERED NUMBER: 09126030

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
8,873
-

  
8,873
-

Current assets
  

Debtors: amounts falling due within one year
 5 
185,553
337,696

Cash at bank and in hand
 6 
191,501
186,589

  
377,054
524,285

Creditors: amounts falling due within one year
 7 
(127,525)
(351,451)

Net current assets
  
 
 
249,529
 
 
172,834

Total assets less current liabilities
  
258,402
172,834

  

Net assets
  
258,402
172,834


Capital and reserves
  

Called up share capital 
  
7
7

Capital redemption reserve
  
3
3

Profit and loss account
  
258,392
172,824

  
258,402
172,834


Page 1

 
SAVILE ROSE EVENTS LIMITED
REGISTERED NUMBER: 09126030
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

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: 




C Monahan
Director

Date: 29 February 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SAVILE ROSE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Savile Rose Events Limited is a private company limited by shares, incorporated in England & Wales (registered number: 09126030). 
The principal activity of the company continued to be that of event design services.
The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH, and the principal place of business is 10B Parsons Green, London, SW6 4TW. 
The financial statements are presented in Sterling, which is 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

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.

 
2.3

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.

Page 3

 
SAVILE ROSE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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
-
25%
Computer equipment
-
33%

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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 comprehensive income in the same period as the related expenditure.

Page 4

 
SAVILE ROSE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.8

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.

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.9

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.

 
2.10

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.

 
2.11

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
SAVILE ROSE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 June 2022
852
-
852


Additions
7,200
2,089
9,289



At 31 May 2023

8,052
2,089
10,141



Depreciation


At 1 June 2022
852
-
852


Charge for the year on owned assets
300
116
416



At 31 May 2023

1,152
116
1,268



Net book value



At 31 May 2023
6,900
1,973
8,873



At 31 May 2022
-
-
-

Page 6

 
SAVILE ROSE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
109,776
52,584

Other debtors
4,919
8,507

Prepayments and accrued income
70,858
276,605

185,553
337,696



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
191,501
186,589

191,501
186,589



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
25,385
19,243

Corporation tax
57,558
17,833

Other taxation and social security
30,198
1,314

Other creditors
10,384
31,080

Accruals and deferred income
4,000
281,981

127,525
351,451


 
Page 7