Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-310The Company offers fun climbing and activity centers for family sessions, birthday parties and children groups.2023-01-01false7973truetrue 08917651 2023-01-01 2024-03-31 08917651 2022-01-01 2022-12-31 08917651 2024-03-31 08917651 2022-12-31 08917651 c:Director2 2023-01-01 2024-03-31 08917651 d:Buildings d:LongLeaseholdAssets 2023-01-01 2024-03-31 08917651 d:Buildings d:LongLeaseholdAssets 2024-03-31 08917651 d:Buildings d:LongLeaseholdAssets 2022-12-31 08917651 d:PlantMachinery 2023-01-01 2024-03-31 08917651 d:PlantMachinery 2024-03-31 08917651 d:PlantMachinery 2022-12-31 08917651 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2024-03-31 08917651 d:FurnitureFittings 2023-01-01 2024-03-31 08917651 d:FurnitureFittings 2024-03-31 08917651 d:FurnitureFittings 2022-12-31 08917651 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2024-03-31 08917651 d:OwnedOrFreeholdAssets 2023-01-01 2024-03-31 08917651 d:PatentsTrademarksLicencesConcessionsSimilar 2023-01-01 2024-03-31 08917651 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 08917651 d:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 08917651 d:CurrentFinancialInstruments 2024-03-31 08917651 d:CurrentFinancialInstruments 2022-12-31 08917651 d:Non-currentFinancialInstruments 2024-03-31 08917651 d:Non-currentFinancialInstruments 2022-12-31 08917651 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08917651 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08917651 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08917651 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 08917651 d:ShareCapital 2024-03-31 08917651 d:ShareCapital 2022-12-31 08917651 d:SharePremium 2024-03-31 08917651 d:SharePremium 2022-12-31 08917651 d:RetainedEarningsAccumulatedLosses 2024-03-31 08917651 d:RetainedEarningsAccumulatedLosses 2022-12-31 08917651 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08917651 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 08917651 c:OrdinaryShareClass1 2023-01-01 2024-03-31 08917651 c:OrdinaryShareClass1 2024-03-31 08917651 c:OrdinaryShareClass1 2022-12-31 08917651 c:OrdinaryShareClass2 2023-01-01 2024-03-31 08917651 c:OrdinaryShareClass2 2024-03-31 08917651 c:OrdinaryShareClass2 2022-12-31 08917651 c:OrdinaryShareClass3 2023-01-01 2024-03-31 08917651 c:OrdinaryShareClass3 2024-03-31 08917651 c:OrdinaryShareClass3 2022-12-31 08917651 c:FRS102 2023-01-01 2024-03-31 08917651 c:Audited 2023-01-01 2024-03-31 08917651 c:FullAccounts 2023-01-01 2024-03-31 08917651 c:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 08917651 d:WithinOneYear 2024-03-31 08917651 d:WithinOneYear 2022-12-31 08917651 d:BetweenOneFiveYears 2024-03-31 08917651 d:BetweenOneFiveYears 2022-12-31 08917651 c:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-31 08917651 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2023-01-01 2024-03-31 08917651 2 2023-01-01 2024-03-31 08917651 d:Buildings d:LeasedAssetsHeldAsLessee 2024-03-31 08917651 d:Buildings d:LeasedAssetsHeldAsLessee 2022-12-31 08917651 d:LeasedAssetsHeldAsLessee 2024-03-31 08917651 d:LeasedAssetsHeldAsLessee 2022-12-31 08917651 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-01-01 2024-03-31 08917651 e:PoundSterling 2023-01-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08917651










ROCK UP LIMITED










FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2024

 
ROCK UP LIMITED
REGISTERED NUMBER:08917651

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
31 December
2024
2022
Note
£
£

Fixed assets
  

Intangible assets
 5 
14,309
-

Tangible assets
 6 
3,503,726
1,892,789

  
3,518,035
1,892,789

Current assets
  

Stocks
 7 
40,285
18,584

Debtors: amounts falling due within one year
 8 
636,946
601,735

Cash at bank and in hand
 9 
678,531
625,405

  
1,355,762
1,245,724

Creditors: amounts falling due within one year
 10 
(1,110,356)
(699,755)

Net current assets
  
 
 
245,406
 
 
545,969

Total assets less current liabilities
  
3,763,441
2,438,758

Creditors: amounts falling due after more than one year
 11 
(685,207)
-

Provisions for liabilities
  

Deferred tax
 12 
(159,191)
(56,783)

Other provisions
  
(1,066,456)
(440,528)

  
 
 
(1,225,647)
 
 
(497,311)

Net assets
  
1,852,587
1,941,447


Capital and reserves
  

Called up share capital 
 13 
13,507
13,507

Share premium account
  
2,201,455
2,201,455

Profit and loss account
  
(362,375)
(273,515)

  
1,852,587
1,941,447


Page 1

 
ROCK UP LIMITED
REGISTERED NUMBER:08917651

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 1 August 2024.




................................................
A Eade
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
ROCK UP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Rock Up Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit B9, Whiteley Shopping Centre, Whiteley Way, Whiteley, Hants, PO15 7PD. 
The Company's principal activity is to offer fun climbing and activity centres for family sessions, birthday parties and community groups.
The company has changed its reporting period from 31 December to 31 March to align to the reporting date of the group post acquisition. As such the 31 March 2024 results show the 15 month period from 1 January 2023 to 31 March 2024. The 31 December 2022 comparatives are not entiely comparable as they show a full 12 month period from 1 January 2022 to 31 December 2022.

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 has a healthy financial position with net profits generated in the current and prior year. The Company is also expanding in terms of the number of locations if has around the UK.
The Directors believe that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they have adopted the going concern basis in preparing the financial statements.

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of recreational services supplied during the year, exclusive of Value Added tax and trade discounts.

 
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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset. Lease incentives include rent free periods, leasehold improvement contributions from landlords and any other transaction that would fit the definition of an incentive under FRS102.

 
2.5

Interest income

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

Page 3

 
ROCK UP LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Current and deferred taxation

The tax expense for the period 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.

 
2.8

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.

 The estimated useful lives range as follows:

Website
-
3 years straight line

 
2.9

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.

Page 4

 
ROCK UP LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

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:

Long-term leasehold property
-
7 to 15 years
Plant and machinery
-
3 years
Fixtures and fittings
-
7 to 15 years

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.

 
2.10

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 first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet 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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
ROCK UP LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.15

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. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or  received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgments (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements. 

Tangible fixed assets (see note 6)
Tangible fixed assets, are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on the number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
Dilapidation provisioning
The directors make an estimate of the amount payable on exit of lease premises based on detailed information provided by experts.


4.


Employees

The average monthly number of employees, including directors, during the period was 79 (2022 - 73).

Page 6

 
ROCK UP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Intangible assets






Website

£



Cost


At 1 January 2023
58,734


Additions
18,393



At 31 March 2024

77,127



Amortisation


At 1 January 2023
58,734


Charge for the period on owned assets
4,084



At 31 March 2024

62,818



Net book value



At 31 March 2024
14,309



At 31 December 2022
-



Page 7

 
ROCK UP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Tangible fixed assets







Long-term leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2023
1,714,628
384,064
2,471,086
4,569,778


Additions
1,366,764
173,604
789,399
2,329,767


Disposals
-
(17,209)
-
(17,209)



At 31 March 2024

3,081,392
540,459
3,260,485
6,882,336



Depreciation


At 1 January 2023
1,064,249
366,154
1,246,586
2,676,989


Charge for the period on owned assets
315,491
41,632
361,707
718,830


Disposals
-
(17,209)
-
(17,209)



At 31 March 2024

1,379,740
390,577
1,608,293
3,378,610



Net book value



At 31 March 2024
1,701,652
149,882
1,652,192
3,503,726



At 31 December 2022
650,379
17,910
1,224,500
1,892,789

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


31 March
31 December
2024
2022
£
£



Long Leasehold
1,697,655
650,379

1,697,655
650,379

Page 8

 
ROCK UP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Stocks

31 March
31 December
2024
2022
£
£

Finished goods and goods for resale
40,285
18,584

40,285
18,584



8.


Debtors

31 March
31 December
2024
2022
£
£


Amounts owed by group undertakings
6,319
271,629

Other debtors
125,938
69,954

Prepayments and accrued income
504,689
260,152

636,946
601,735



9.


Cash and cash equivalents

31 March
31 December
2024
2022
£
£

Cash at bank and in hand
678,531
625,405

678,531
625,405



10.


Creditors: Amounts falling due within one year

31 March
31 December
2024
2022
£
£

Payments received on account
176,610
142,806

Trade creditors
442,704
180,152

Other taxation and social security
146,633
119,319

Other creditors
190,672
152,130

Accruals and deferred income
153,737
105,348

1,110,356
699,755


Page 9

 
ROCK UP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

11.


Creditors: Amounts falling due after more than one year

31 March
31 December
2024
2022
£
£

Amounts owed to group undertakings
685,207
-

685,207
-



12.


Deferred taxation






2024


£






At beginning of year
(56,783)


Charged to profit or loss
(102,408)



At end of year
(159,191)

The provision for deferred taxation is made up as follows:

31 March
31 December
2024
2022
£
£


Accelerated capital allowances
(159,191)
(56,783)

(159,191)
(56,783)

Page 10

 
ROCK UP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

13.


Share capital

31 March
31 December
2024
2022
£
£
Allotted, called up and fully paid



119,322 (2022 - 119,322) Ordinary shares of £0.01 each
1,193
1,193
934,297 (2022 - 934,297) Ordinary A Share shares of £0.01 each
9,343
9,343
297,100 (2022 - 297,100) Ordinary B Share shares of £0.01 each
2,971
2,971

13,507

13,507



14.


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 Company to the fund and amounted to £17,908 (2022: £12,085). Contributions totaling £4,457 were payable to the fund at the reporting date and are included in creditors (2022: £3,435).


15.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

31 March
31 December
2024
2022
£
£


Not later than 1 year
548,500
413,000

Later than 1 year
1,758,167
716,667

2,306,667
1,129,667


16.


Related party transactions

The company has taken advantage of the exemption available under paragraph 33.1A of FRS 102, whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertakings of the group.


17.


Controlling party

The Company is a subsidiary undertaking of Masai S.A.S. which is the ultimate parent company. Masai S.A.S, is a company organised under the laws of France and registered under company number 819.171.992 with the trade registry of Grenoble, whose registered office is at 10 Rue Linne 38000 Grenoble. The ultimate controlling party is Masai S.A.S.
The smallest and largest group in which the results of the Company are consolidated are headed by Masai S.A.S. The consolidated financial statements of this Company are available to the public and may be obtained from Masai S.A.S.10 Rue Linne 38000 Grenoble, France.

Page 11

 
ROCK UP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

18.


Auditor's information

The auditor's report on the financial statements for the period ended 31 March 2024 was unqualified.

The audit report was signed on 1 August 2024 by Philip Munk FCA FCCA (Senior Statutory Auditor) on behalf of TWP Accounting LLP.

This report is made solely to the company’s members, as a body, in accordance with Sections 495 and 496 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.


Page 12