Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31332023-01-01falseorganisation of conferences for nurses and other health care workers. The company is a subsidiary of The British Association of Critical Care Nurses and makes a gift aid payment to the parent charitable company in accordance with HMRC rules to transfer the profits made.truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04990351 2023-01-01 2023-12-31 04990351 2022-01-01 2022-12-31 04990351 2023-12-31 04990351 2022-12-31 04990351 c:Director3 2023-01-01 2023-12-31 04990351 c:Director4 2023-01-01 2023-12-31 04990351 d:CurrentFinancialInstruments 2023-12-31 04990351 d:CurrentFinancialInstruments 2022-12-31 04990351 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04990351 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04990351 d:ShareCapital 2023-12-31 04990351 d:ShareCapital 2022-12-31 04990351 d:RetainedEarningsAccumulatedLosses 2023-12-31 04990351 d:RetainedEarningsAccumulatedLosses 2022-12-31 04990351 c:FRS102 2023-01-01 2023-12-31 04990351 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04990351 c:FullAccounts 2023-01-01 2023-12-31 04990351 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04990351 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04990351










BACCN (UK) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BACCN (UK) LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BACCN (UK) LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BACCN (UK) Limited for the year ended 31 December 2023 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of BACCN (UK) Limited, as a body, in accordance with the terms of our engagement letter dated 11th June 2022Our work has been undertaken solely to prepare for your approval the financial statements of BACCN (UK) Limited and state those matters that we have agreed to state to the Board of Directors of BACCN (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BACCN (UK) Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that BACCN (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BACCN (UK) Limited. You consider that BACCN (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of BACCN (UK) 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.

  



Kinnair Associates Limited
 
Chartered Accountants
  
Aston House
Redburn Road
Newcastle upon Tyne
NE5 1NB
18 June 2024
Page 1

 
BACCN (UK) LIMITED
REGISTERED NUMBER:04990351

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
16,283
69,044

Cash at bank and in hand
 5 
93,803
57,122

  
110,086
126,166

Creditors: amounts falling due within one year
 6 
(34,837)
(122,521)

Net current assets
  
 
 
75,249
 
 
3,645

Total assets less current liabilities
  
75,249
3,645

  

Net assets
  
75,249
3,645


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
75,248
3,644

  
75,249
3,645


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 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 15 June 2024.



I Naldrett
P K McCready
Director
Director

The notes on pages 4 to 6 form part of these financial statements.
Page 2

 
BACCN (UK) LIMITED
REGISTERED NUMBER:04990351
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Page 3

 
BACCN (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

BACCN (UK) Limited is a private Company limited by shares, incorporated in England and Wales,
registration number 04990351. The address of its registered office and principal place of business are
disclosed in the Company Information section of these financial statements.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company has net current assets and no need for finance. Registrations for the 2023 conference have been strong to date and the event is forecast to be profitable. Based on this and the continued parent charitable company support in the furtherance of its charitable objectives, the directors continue to adopt the going concern basis of accounting in preparing the financial statements. 

 
2.3

Foreign currency translation

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

 
2.4

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 4

 
BACCN (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 5

 
BACCN (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Debtors

2023
2022
£
£


Trade debtors
16,283
45,410

Other debtors
-
23,474

Prepayments and accrued income
-
160

16,283
69,044



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
93,803
57,122

93,803
57,122



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,610
76,722

Amounts owed to group undertakings
-
15,834

Corporation tax
-
491

Other taxation and social security
3,767
-

Accruals and deferred income
26,460
29,474

34,837
122,521



7.


Controlling party

The controlling party is The British Association of Critical Care Nurses, a Charitable Company, which
owns 100% of the share capital of the Company. The registered office of the parent, and principal place
of business is Unit 14, The Stottie Shed, Baker's Yard, Gosforth, Newcastle upon Tyne, NE3 1XD.

 
Page 6