Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-312023-01-01falseNo description of principal activity97truetrue 09650027 2023-01-01 2023-12-31 09650027 2022-01-01 2022-12-31 09650027 2023-12-31 09650027 2022-12-31 09650027 c:Director1 2023-01-01 2023-12-31 09650027 d:PlantMachinery 2023-01-01 2023-12-31 09650027 d:PlantMachinery 2023-12-31 09650027 d:PlantMachinery 2022-12-31 09650027 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09650027 d:MotorVehicles 2023-01-01 2023-12-31 09650027 d:MotorVehicles 2023-12-31 09650027 d:MotorVehicles 2022-12-31 09650027 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09650027 d:FurnitureFittings 2023-01-01 2023-12-31 09650027 d:FurnitureFittings 2023-12-31 09650027 d:FurnitureFittings 2022-12-31 09650027 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09650027 d:ComputerEquipment 2023-01-01 2023-12-31 09650027 d:ComputerEquipment 2023-12-31 09650027 d:ComputerEquipment 2022-12-31 09650027 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09650027 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09650027 d:CurrentFinancialInstruments 2023-12-31 09650027 d:CurrentFinancialInstruments 2022-12-31 09650027 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09650027 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09650027 d:ShareCapital 2023-12-31 09650027 d:ShareCapital 2022-12-31 09650027 d:RetainedEarningsAccumulatedLosses 2023-12-31 09650027 d:RetainedEarningsAccumulatedLosses 2022-12-31 09650027 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 09650027 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 09650027 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09650027 c:OrdinaryShareClass1 2023-12-31 09650027 c:OrdinaryShareClass1 2022-12-31 09650027 c:FRS102 2023-01-01 2023-12-31 09650027 c:Audited 2023-01-01 2023-12-31 09650027 c:FullAccounts 2023-01-01 2023-12-31 09650027 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09650027 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09650027









ACTIONSPORTGAMES UK LIMITED









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ACTIONSPORTGAMES UK LIMITED
REGISTERED NUMBER: 09650027

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,372
20,803

  
12,372
20,803

Current assets
  

Debtors: amounts falling due within one year
 5 
65,079
14,151

Cash at bank and in hand
 6 
8,541
32,358

  
73,620
46,509

Creditors: amounts falling due within one year
 7 
(37,756)
(41,531)

Net current assets
  
 
 
35,864
 
 
4,978

Total assets less current liabilities
  
48,236
25,781

  

Net assets
  
48,236
25,781


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
48,136
25,681

  
48,236
25,781


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: 




................................................
Henrik Rene Sunke Grobelnik
Director

Date: 7 March 2024

The notes on pages 3 to 9 form part of these financial statements.
Page 1

 
ACTIONSPORTGAMES UK LIMITED
REGISTERED NUMBER: 09650027
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Page 2

 
ACTIONSPORTGAMES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

ActionsportGames UK Limited is a private company  limited by shares  incorporated in England & Wales  registered number 09650027. The registered office is Fifth Floor, 27 Greville Street, London, EC1N 8SU..

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

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'.

Page 3

 
ACTIONSPORTGAMES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.

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

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.

 
2.5

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 4

 
ACTIONSPORTGAMES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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
Motor vehicles
-
25 %reducing balance
Fixtures and fittings
-
25 % Straight line
Computer equipment
-
1/3 Straight line and 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.

Page 5

 
ACTIONSPORTGAMES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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, during the year was 9 (2022 - 7).

Page 6

 
ACTIONSPORTGAMES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
3,491
24,999
11,048
16,828
56,366


Disposals
-
-
(468)
(2,739)
(3,207)



At 31 December 2023

3,491
24,999
10,580
14,089
53,159



Depreciation


At 1 January 2023
873
16,747
7,524
10,419
35,563


Charge for the year on owned assets
873
2,484
1,435
3,639
8,431


Disposals
-
-
(468)
(2,739)
(3,207)



At 31 December 2023

1,746
19,231
8,491
11,319
40,787



Net book value



At 31 December 2023
1,745
5,768
2,089
2,770
12,372



At 31 December 2022
2,618
8,252
3,524
6,409
20,803


5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
53,226
-

Other debtors
1,402
1,776

Prepayments and accrued income
8,209
11,935

Deferred taxation
2,242
440

65,079
14,151


Page 7

 
ACTIONSPORTGAMES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
8,541
32,358

8,541
32,358



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
265
1,684

Amounts owed to group undertakings
-
12,311

Corporation tax
7,026
1,382

Other taxation and social security
7,033
7,323

Other creditors
1,447
1,183

Accruals and deferred income
21,985
17,648

37,756
41,531



8.


Deferred taxation




2023


£






At beginning of year
440


Charged to profit or loss
1,802



At end of year
2,242

The deferred tax asset is made up as follows:

2023
2022
£
£


Accelerated capital allowances
2,242
440

2,242
440


9.


Share capital

Page 8

 
ACTIONSPORTGAMES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



10.


Pension commitments

The company operates a defined contribution pension scheme for all employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,447 (PY £1,183) were due to the fund.
During the year company made contributions to the pension scheme to £7,868 (PY £4,279). 


11.


Controlling party

The company’s immediate and ultimate parent undertaking is ActionsportGames A/s. ActionsportGames A/s is incorporated in Denmark.
The company is a subsidiary of ActionsportGames A/s and is included in the consolidated accounts of that company. The address of the registered office of ActionsportGames A/s is Bjergvangen 1, 3060 Espergaerde,  Denmaek. The company is exempt from disclosing related party transactions with other 100% owned members of the group headed by ActionsportGames A/s by viture of FRS102 section 33.1A.


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 7 March 2024 by David Barr FCA (Senior statutory auditor) on behalf of Martin and Company Audit Limited.

 
Page 9