Caseware UK (AP4) 2023.0.135 2023.0.135 trueNo description of principal activity2022-11-011false1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI684184 2022-11-01 2023-10-31 NI684184 2021-12-01 2022-10-31 NI684184 2023-10-31 NI684184 2022-10-31 NI684184 1 2022-11-01 2023-10-31 NI684184 d:Director1 2022-11-01 2023-10-31 NI684184 d:RegisteredOffice 2022-11-01 2023-10-31 NI684184 d:Agent1 2022-11-01 2023-10-31 NI684184 c:CurrentFinancialInstruments 2023-10-31 NI684184 c:CurrentFinancialInstruments 2022-10-31 NI684184 c:CurrentFinancialInstruments c:WithinOneYear 2023-10-31 NI684184 c:CurrentFinancialInstruments c:WithinOneYear 2022-10-31 NI684184 c:ShareCapital 2023-10-31 NI684184 c:ShareCapital 2022-10-31 NI684184 c:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 NI684184 c:RetainedEarningsAccumulatedLosses 2023-10-31 NI684184 c:RetainedEarningsAccumulatedLosses 2022-10-31 NI684184 d:OrdinaryShareClass1 2022-11-01 2023-10-31 NI684184 d:OrdinaryShareClass1 2023-10-31 NI684184 d:OrdinaryShareClass1 2022-10-31 NI684184 d:FRS102 2022-11-01 2023-10-31 NI684184 d:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 NI684184 d:FullAccounts 2022-11-01 2023-10-31 NI684184 d:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure

Unaudited Financial Statements
Stellar Entertainment Development Limited
For the year ended 31 October 2023





































Registered number: NI684184

 
Stellar Entertainment Development Limited
 

Company Information


Director
Paul Ross 




Registered number
NI684184



Registered office
C/O Grant Thornton
12-15 Donegall Square West

Belfast

BT1 6JH




Accountants
Grant Thornton (NI) LLP
Chartered Accountants

12 - 15 Donegall Square West

Belfast

BT1 6JH




Bankers
Arbuthnot Latham
7 Wilson St

Finsbury

London

EC2M 2SN





 
Stellar Entertainment Development Limited
 

Contents



Page
Accountant's Report
1
Balance Sheet
2
Notes to the Financial Statements
3 - 5


  
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Independent Accountant's Report to the director of the unaudited financial statements of Stellar Entertainment Development Limited for the year ended 31 October 2023

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Stellar Entertainment Development Limited for the year ended 31 October 2023, which comprise the Statement of comprehensive income, the Balance Sheet, the Statement of changes in equity and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements.

This report is made solely to the directors of Stellar Entertainment Development Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of Stellar Entertainment Development Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stellar Entertainment Development Limited and its directors, as a body, for our work or for this report.


We have carried out this engagement in accordance with the technical guidance issued by Chartered Accountants Ireland ("the Institute") and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have approved the financial statements for the year ended 31 October 2023 and you have acknowledged on the Balance Sheet as at 31 October 2023 your duty to ensure that Stellar Entertainment Development Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that Stellar Entertainment Development Limited is exempt from the statutory audit requirement for the year ended 31 October 2023.

We have not been instructed to carry out an audit or review the financial statements of Stellar Entertainment Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. 




  


Grant Thornton (NI) LLP

Chartered Accountants
12 - 15 Donegall Square West
Belfast
BT1 6JH







Date:   29 July 2024
Page 1

 
Stellar Entertainment Development Limited
Registered number:NI684184

Balance Sheet
As at 31 October 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,077,984
364,833

  
1,077,984
364,833

Creditors: amounts falling due within one year
 5 
(130)
-

Net current assets
  
 
 
1,077,854
 
 
364,833

Total assets less current liabilities
  
1,077,854
364,833

  

Net assets
  
1,077,854
364,833


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
 7 
1,077,754
364,733

  
1,077,854
364,833


The director considers 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 director acknowledges his 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 29 July 2024.




Paul Ross
Director

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

Page 2

 
Stellar Entertainment Development Limited
 
 
Notes to the Financial Statements
For the year ended 31 October 2023

1.


General information

Stellar Entertainment Development Limited is a company limited by shares and incorporated in Northern Ireland. The registered office is 12-15 Donegall Square West, Belfast, Northern Ireland, BT1 6JH. The principal activity of the company is the production of entertainment software.

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 financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has assessed that there are adequate resources to meet the ongoing costs of the business
for a minimum of 12 months from the date of signing the financial statements. For this reason the
financial statements have been prepared on a going concern basis which presumes the realisation of
assets and liabilities in the normal course of business.

 
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:

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.

Page 3

 
Stellar Entertainment Development Limited
 

Notes to the Financial Statements
For the year ended 31 October 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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

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 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
100

Other debtors
1,077,984
364,733

1,077,984
364,833


All amounts due from group companies are repayable within one year, unsecured and interest free.

Page 4

 
Stellar Entertainment Development Limited
 
 
Notes to the Financial Statements
For the year ended 31 October 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
130
-

130
-


All amounts due to group companies are repayable on demand, unsecured and interest free.


6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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



7.


Reserves

Profit and loss account

This includes all current period profits and losses.


8.


Related party transactions

The company has availed of the exemption under FRS102 section 33 which does not require disclosure of
transactions entered into between any subsidiary undertaking which is wholly owned by a member of that
group.


9.


Post balance sheet events

Post year end the company entered into a new loan agreement with Arbuthnot Latham & Co. This loan is secured by a fixed and floating charge over the property and undertakings of the company.


Page 5