Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-302023-04-302022-05-01falseNo description of principal activity299truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11313999 2022-05-01 2023-04-30 11313999 2021-05-01 2022-04-30 11313999 2023-04-30 11313999 2022-04-30 11313999 c:Director1 2022-05-01 2023-04-30 11313999 d:MotorVehicles 2022-05-01 2023-04-30 11313999 d:MotorVehicles 2023-04-30 11313999 d:MotorVehicles 2022-04-30 11313999 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 11313999 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-05-01 2023-04-30 11313999 d:FurnitureFittings 2022-05-01 2023-04-30 11313999 d:FurnitureFittings 2023-04-30 11313999 d:FurnitureFittings 2022-04-30 11313999 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 11313999 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-05-01 2023-04-30 11313999 d:ComputerEquipment 2022-05-01 2023-04-30 11313999 d:ComputerEquipment 2023-04-30 11313999 d:ComputerEquipment 2022-04-30 11313999 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 11313999 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2022-05-01 2023-04-30 11313999 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 11313999 d:LeasedAssetsHeldAsLessee 2022-05-01 2023-04-30 11313999 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 11313999 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-04-30 11313999 d:CurrentFinancialInstruments 2023-04-30 11313999 d:CurrentFinancialInstruments 2022-04-30 11313999 d:Non-currentFinancialInstruments 2023-04-30 11313999 d:Non-currentFinancialInstruments 2022-04-30 11313999 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11313999 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 11313999 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 11313999 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 11313999 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 11313999 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-04-30 11313999 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 11313999 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-04-30 11313999 d:ShareCapital 2023-04-30 11313999 d:ShareCapital 2022-04-30 11313999 d:SharePremium 2023-04-30 11313999 d:SharePremium 2022-04-30 11313999 d:OtherMiscellaneousReserve 2023-04-30 11313999 d:OtherMiscellaneousReserve 2022-04-30 11313999 d:RetainedEarningsAccumulatedLosses 2023-04-30 11313999 d:RetainedEarningsAccumulatedLosses 2022-04-30 11313999 c:OrdinaryShareClass1 2022-05-01 2023-04-30 11313999 c:OrdinaryShareClass1 2023-04-30 11313999 c:OrdinaryShareClass1 2022-04-30 11313999 c:FRS102 2022-05-01 2023-04-30 11313999 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 11313999 c:FullAccounts 2022-05-01 2023-04-30 11313999 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 11313999 d:ComputerSoftware 2023-04-30 11313999 d:ComputerSoftware 2022-04-30 11313999 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 11313999 d:AcceleratedTaxDepreciationDeferredTax 2022-04-30 11313999 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 11313999 d:TaxLossesCarry-forwardsDeferredTax 2022-04-30 11313999 d:OtherDeferredTax 2023-04-30 11313999 d:OtherDeferredTax 2022-04-30 11313999 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:InternallyGeneratedIntangibleAssets 2022-05-01 2023-04-30 11313999 d:ComputerSoftware d:InternallyGeneratedIntangibleAssets 2022-05-01 2023-04-30 11313999 2 2022-05-01 2023-04-30 11313999 d:InternallyGeneratedIntangibleAssets 2022-05-01 2023-04-30 11313999 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-30 11313999 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-30 11313999 d:LeasedAssetsHeldAsLessee 2023-04-30 11313999 d:LeasedAssetsHeldAsLessee 2022-04-30 11313999 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-05-01 2023-04-30 11313999 d:ComputerSoftware d:OwnedIntangibleAssets 2022-05-01 2023-04-30 11313999 e:PoundSterling 2022-05-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11313999










RMS EVENTS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
RMS EVENTS LTD
REGISTERED NUMBER: 11313999

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,104,465
663,159

Tangible assets
 5 
38,394
22,856

  
1,142,859
686,015

Current assets
  

Stocks
  
469,835
111,186

Debtors: amounts falling due within one year
 6 
554,724
566,221

Cash at bank and in hand
  
1,182,159
2,045,767

  
2,206,718
2,723,174

Creditors: amounts falling due within one year
 7 
(1,749,518)
(1,117,652)

Net current assets
  
 
 
457,200
 
 
1,605,522

Total assets less current liabilities
  
1,600,059
2,291,537

Creditors: amounts falling due after more than one year
 8 
(30,920)
(45,333)

Provisions for liabilities
  

Deferred tax
 10 
(4,782)
-

  
 
 
(4,782)
 
 
-

Net assets
  
1,564,357
2,246,204


Capital and reserves
  

Called up share capital 
 11 
217
207

Share premium account
  
4,001,867
3,472,348

Other reserves
  
2,325,070
-

Profit and loss account
  
(4,762,797)
(1,226,351)

  
1,564,357
2,246,204


Page 1

 
RMS EVENTS LTD
REGISTERED NUMBER: 11313999
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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 income statement 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 12 April 2024.




................................................
Robin Matthew Sherry
Director

The notes on pages 3 to 14 form part of these financial statements.

Page 2

 
RMS EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

RMS Events Limited is a private company limited by shares and incorporated in England and Wales, registration number 11313999. The registered office is 17 Grosvenor Gardens, London, England, SW1W 0BD.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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 Income statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
RMS EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 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

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 Income statement in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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.

Page 4

 
RMS EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.7

Borrowing costs

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

 
2.8

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

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 reporting 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 reporting 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 reporting date.

 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 5

 
RMS EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.11

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:

Motor vehicles
-
20%
Reducing Balance
Fixtures and fittings
-
20%
Straight Line
Computer equipment
-
20%
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.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

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.

 
2.14

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.

 
2.15

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.

Page 6

 
RMS EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.16

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Page 7

 
RMS EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.16
Financial instruments (continued)

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 29 (2022 - 9).

Page 8

 
RMS EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Intangible assets




Brand Development
Website Development
Total

£
£
£



Cost


At 1 May 2022
9,500
829,718
839,218


Additions - internal
-
549,896
549,896



At 30 April 2023

9,500
1,379,614
1,389,114



Amortisation


At 1 May 2022
3,800
172,259
176,059


Charge for the year on owned assets
950
107,640
108,590



At 30 April 2023

4,750
279,899
284,649



Net book value



At 30 April 2023
4,750
1,099,715
1,104,465



At 30 April 2022
5,700
657,459
663,159



Page 9

 
RMS EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2022
22,100
265
12,410
34,775


Additions
-
2,172
22,218
24,390



At 30 April 2023

22,100
2,437
34,628
59,165



Depreciation


At 1 May 2022
7,384
91
4,444
11,919


Charge for the year on owned assets
-
450
5,458
5,908


Charge for the year on financed assets
2,944
-
-
2,944



At 30 April 2023

10,328
541
9,902
20,771



Net book value



At 30 April 2023
11,772
1,896
24,726
38,394



At 30 April 2022
14,716
174
7,966
22,856

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
11,772
14,716

11,772
14,716

Page 10

 
RMS EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

6.


Debtors

2023
2022
£
£


Trade debtors
23,472
29,620

Other debtors
26,492
131,091

Prepayments and accrued income
238,340
154,540

Tax recoverable
266,420
-

Deferred taxation
-
250,970

554,724
566,221



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
11,149
10,874

Trade creditors
1,246,903
633,462

Corporation tax
3,329
-

Other taxation and social security
70,292
205,629

Obligations under finance lease and hire purchase contracts
3,236
3,243

Other creditors
282,743
29,558

Accruals and deferred income
131,866
234,886

1,749,518
1,117,652



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
24,517
35,666

Net obligations under finance leases and hire purchase contracts
6,403
9,667

30,920
45,333


Page 11

 
RMS EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
11,149
10,874


11,149
10,874

Amounts falling due 1-2 years

Bank loans
11,431
11,149


11,431
11,149

Amounts falling due 2-5 years

Bank loans
13,086
24,517


13,086
24,517


35,666
46,540


Page 12

 
RMS EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

10.


Deferred taxation




2023


£






At beginning of year
250,970


Charged to profit or loss
(255,752)



At end of year
(4,782)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(5,009)
(832)

Tax losses carried forward
-
251,574

Short term difference
227
228

(4,782)
250,970


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



217,485 (2022 - 206,738) Ordinary Shares shares of £0.001 each
217.485
206.738


The company has allotted 10,747 shares of £0.001 each during the period.


12.


Share-based payments

The Company has an Enterprise Management Incentive (EMI) Share Option Plan for certain members of Key Management Personnel on Ordinary Shares of £0.001.
At the start of the year, there were 7,954 options outstanding. During the year 2,304 options were granted vesting within two years from 3 November 2022. During the year there were no options exercised. There were no options forfeited or lapsed in the year. At the end of the year there were 10,258 options remaining of which, 7,843 are exerciseable.
The costs relating to the fair value of these options are immaterial to the financial statements and therefore have not been recognised.

Page 13

 
RMS EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £43,672 (£5,680 - 2022). Contributions totalling £10,496 payable to the fund at the reporting date (£2,123 - 2022)  and included in creditors.


14.


Related party transactions

At the year end the director R Sherry owed £26,492 to the company (2022: £9,684 to the company).

Page 14