Caseware UK (AP4) 2023.0.135 2023.0.135 true2022-12-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05638385 2022-12-01 2023-11-30 05638385 2021-12-01 2022-11-30 05638385 2023-11-30 05638385 2022-11-30 05638385 c:Director3 2022-12-01 2023-11-30 05638385 d:OfficeEquipment 2022-12-01 2023-11-30 05638385 d:OfficeEquipment 2023-11-30 05638385 d:OfficeEquipment 2022-11-30 05638385 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 05638385 d:CurrentFinancialInstruments 2023-11-30 05638385 d:CurrentFinancialInstruments 2022-11-30 05638385 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 05638385 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 05638385 d:ShareCapital 2023-11-30 05638385 d:ShareCapital 2022-11-30 05638385 d:RetainedEarningsAccumulatedLosses 2023-11-30 05638385 d:RetainedEarningsAccumulatedLosses 2022-11-30 05638385 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-11-30 05638385 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-11-30 05638385 c:FRS102 2022-12-01 2023-11-30 05638385 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 05638385 c:FullAccounts 2022-12-01 2023-11-30 05638385 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05638385 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 05638385 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 iso4217:GBP xbrli:pure

Registered number: 05638385









NRN EVENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 30 November 2023

 
NRN EVENTS LIMITED
Registered number: 05638385

BALANCE SHEET
As at 30 November 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,500
2,260

  
2,500
2,260

Current assets
  

Debtors: amounts falling due within one year
 5 
5,329
2,798

Cash at bank and in hand
 6 
35,994
17,061

  
41,323
19,859

Creditors: amounts falling due within one year
 7 
(32,894)
(9,803)

Net current assets
  
 
 
8,429
 
 
10,056

Total assets less current liabilities
  
10,929
12,316

Provisions for liabilities
  

Deferred tax
 9 
(519)
(344)

  
 
 
(519)
 
 
(344)

Net assets
  
10,410
11,972


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
10,408
11,970

  
10,410
11,972


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 on 2 March 2024.
Page 1

 
NRN EVENTS LIMITED
Registered number: 05638385
    
BALANCE SHEET (CONTINUED)
As at 30 November 2023




Mr M G Wood
Director

Page 2

 
NRN EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 November 2023

1.


General information

NRN Events Limited is a private company limited by shares incorporated in England & Wales. The registered office is 49 Stonyhurst Crescent, Culcheth, Warrington, Lancashire, WA3 4DN, England.

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

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 3

 
NRN EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 November 2023

2.Accounting policies (continued)

 
2.4

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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.5

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:

Office 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.

 
2.6

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

 
NRN EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 November 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.10

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.

 
2.11

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 2 (2022 - 2).

Page 5

 
NRN EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 November 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 December 2022
5,476


Additions
1,141



At 30 November 2023

6,617



Depreciation


At 1 December 2022
3,216


Charge for the year on owned assets
901



At 30 November 2023

4,117



Net book value



At 30 November 2023
2,500



At 30 November 2022
2,260


5.


Debtors

2023
2022
£
£


Trade debtors
4,839
2,798

Other debtors
490
-

5,329
2,798


Included within other debtors due within one year are loans to the following directors:
J Longworth - £490

Page 6

 
NRN EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 November 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
35,994
17,061

35,994
17,061



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
20,027
25

Corporation tax
2,944
2,627

Other taxation and social security
4,189
1,567

Other creditors
5,121
5,064

Accruals and deferred income
613
520

32,894
9,803



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
35,994
17,061




9.


Deferred taxation




2023


£






At beginning of year
(344)


Charged to profit or loss
(175)



At end of year
(519)

Page 7

 
NRN EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 November 2023
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(519)
(344)

(519)
(344)

 
Page 8