Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity88falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11918708 2022-04-01 2023-03-31 11918708 2021-04-01 2022-03-31 11918708 2023-03-31 11918708 2022-03-31 11918708 c:Director1 2022-04-01 2023-03-31 11918708 d:CurrentFinancialInstruments 2023-03-31 11918708 d:CurrentFinancialInstruments 2022-03-31 11918708 d:Non-currentFinancialInstruments 2023-03-31 11918708 d:Non-currentFinancialInstruments 2022-03-31 11918708 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11918708 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11918708 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11918708 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 11918708 d:ShareCapital 2023-03-31 11918708 d:ShareCapital 2022-03-31 11918708 d:RetainedEarningsAccumulatedLosses 2023-03-31 11918708 d:RetainedEarningsAccumulatedLosses 2022-03-31 11918708 c:FRS102 2022-04-01 2023-03-31 11918708 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11918708 c:FullAccounts 2022-04-01 2023-03-31 11918708 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 11918708









ROYO ENTERTAINMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
ROYO ENTERTAINMENT LIMITED
REGISTERED NUMBER: 11918708

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,008,131
21,837

Cash at bank and in hand
 5 
103,940
116,086

  
1,112,071
137,923

Creditors: amounts falling due within one year
 6 
(787,875)
(175,958)

Net current assets/(liabilities)
  
 
 
324,196
 
 
(38,035)

Total assets less current liabilities
  
324,196
(38,035)

Creditors: amounts falling due after more than one year
 7 
(41,752)
(44,816)

  

Net assets/(liabilities)
  
282,444
(82,851)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
282,442
(82,853)

  
282,444
(82,851)


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 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 19 February 2024.




T De Keyser
Page 1

 
ROYO ENTERTAINMENT LIMITED
REGISTERED NUMBER: 11918708
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ROYO ENTERTAINMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Royo Entertainment Limited is a private company limited by shares and incorporated in England. The address of the registered office is Flat 171, Marathon House, Wembley, London, HA9 0GF.

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 company meets its day to day working capital requirements through its own resources and loans from third party angel investors.
The directors have prepared forecasts and cash flow projections based on a number of potential scenarios. These, together with the reserves and cash held, indicate that the company has adequate resources to continue in operational existence for the foreseeable future. Further financial support has been received by way of coronavirus job rentention scheme grants. It is, however, difficult to determine the assumptions that will prove to be the most appropriate therefore there is an element of uncertainty existing.
After reviewing the forecasts and projections, at the time of approving these financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the next twelve months. The directors therefore consider it appropriate to continue to adopt the going concern basis in preparing the company's financial statements.

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of general management and producing services supplied during the year.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
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

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

Borrowing costs

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

Page 3

 
ROYO ENTERTAINMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Debtors

Short term debtors are measured at transaction price, 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.

 
2.10

Creditors

Short term creditors are measured at the transaction price. 

 
2.11

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.

 
2.12

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 8 (2022 - 8).

Page 4

 
ROYO ENTERTAINMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Debtors

2023
2022
£
£


Trade debtors
120,000
21,837

Other debtors
657,429
-

Prepayments and accrued income
230,702
-

1,008,131
21,837



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
103,940
116,086

103,940
116,086



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,956
129

Amounts owed to group undertakings
49,052
-

Corporation tax
-
1,695

Other taxation and social security
-
4,310

Other creditors
728,367
165,324

Accruals and deferred income
4,500
4,500

787,875
175,958



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loan
41,752
44,816

41,752
44,816


 
Page 5