Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activity12trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02522339 2023-01-01 2023-12-31 02522339 2022-01-01 2022-12-31 02522339 2023-12-31 02522339 2022-12-31 02522339 c:Director1 2023-01-01 2023-12-31 02522339 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 02522339 d:OtherPropertyPlantEquipment 2023-12-31 02522339 d:OtherPropertyPlantEquipment 2022-12-31 02522339 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02522339 d:CurrentFinancialInstruments 2023-12-31 02522339 d:CurrentFinancialInstruments 2022-12-31 02522339 d:Non-currentFinancialInstruments 2023-12-31 02522339 d:Non-currentFinancialInstruments 2022-12-31 02522339 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02522339 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02522339 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 02522339 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 02522339 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 02522339 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 02522339 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 02522339 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 02522339 d:ShareCapital 2023-12-31 02522339 d:ShareCapital 2022-12-31 02522339 d:RetainedEarningsAccumulatedLosses 2023-12-31 02522339 d:RetainedEarningsAccumulatedLosses 2022-12-31 02522339 c:FRS102 2023-01-01 2023-12-31 02522339 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02522339 c:FullAccounts 2023-01-01 2023-12-31 02522339 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02522339 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 02522339









SPECIFIC EVENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
SPECIFIC EVENTS LIMITED
REGISTERED NUMBER: 02522339

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
4,772
5,677

Investments
 6 
2
2

  
4,774
5,679

Current assets
  

Debtors
 7 
40,794
49,174

Cash at bank and in hand
 8 
28,108
32,202

  
68,902
81,376

Creditors: amounts falling due within one year
 9 
(54,204)
(52,246)

Net current assets
  
 
 
14,698
 
 
29,130

Total assets less current liabilities
  
19,472
34,809

Creditors: amounts falling due after more than one year
 10 
(14,833)
(25,039)

  

Net assets
  
4,639
9,770


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
3,639
8,770

  
4,639
9,770


Page 1

 
SPECIFIC EVENTS LIMITED
REGISTERED NUMBER: 02522339
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 by: 

Paul Jason Pacifico
Director

Date: 3 September 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
SPECIFIC EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Specific Events Limited (the "Company") is a private company limited by shares, incorporated under the UK Companies Act 1985 and domiciled in England. The address of the Company's registered office is Regina House, 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

  
2.1

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all reporting periods presented, unless otherwise stated.

 
2.2

Basis of preparation of financial statements

The financial statements of the Company 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 UK Companies Act 2006.
The preparation of financial statements in conformity with Financial Reporting Standard 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company's accounting policies.
Details of those estimates and/or judgments made in applying the Company's accounting policies towards the preparation of these financial statements that may be considered as yielding a significant risk of a material adjustment being made to the carrying amounts of assets and/or liabilities reported in the balance sheet during the next financial reporting period are disclosed in note 3 to the financial statements.

  
2.3

Exemption from preparing consolidated financial statements

The Company is exempt from the requirement to prepare consolidated financial statements by virtue of sections 383 and 399 of the Companies Act 2006 as the Company and its subsidiary undertakings, both individually and on consolidation, are subject to the small companies regime.
The financial statements therefore present information about the Company as an individual undertaking and not about its Group.

  
2.4

Functional and presentational currency

Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which the Company operates (the "functional currency").
The functional currency of the Company, and the currency in which the financial statements are presented (the "presentational currency"), is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.

Page 3

 
SPECIFIC EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.5

Foreign currency translation

Foreign currency translations are translated into the functional currency using the exchange rates prevailing at the dates of the respective transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at financial period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

 
2.6

Going concern

The director having reviewed the financial performance of the Company and of its fellow group undertakings up to the date these financial statements were approved, taking into account of possible changes in trading performance, determines that the Company will be able to operate within the level of its current facilities and has a reasonable expectation that the Company has adequate resources available at its disposal to continue in operational existence for the foreseeable future.
While there will always remain inherent uncertainty, the director has no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the Company to continue as a going concern and therefore considers it both appropriate to continue to adopt the going concern basis in preparing the Company's financial statements and to not recognise any adjustments in the financial statements that would arise if the going concern basis were to become no longer appropriate.

 
2.7

Revenue

Turnover comprises revenue recognised by the Company in respect of management and marketing services supplied during the reporting period.
Revenue is measured at the fair value of consideration receivable, excluding value added tax, and is recognised on completion of service provision with amounts accrued and/or deferred depending on the point of invoice and/or customer payment.

 
2.8

Pensions

The Company operates a defined contribution pension scheme on behalf of its employees.
Under a defined contribution pension scheme the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
Contributions are recognised as an expense in profit or loss for the reporting period during which they fall due. Amounts falling due but not paid are shown as part of other creditors in the balance sheet. The assets of the schemes are held separately from the Company in independently administered funds.

  
2.9

Borrowing costs

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

Page 4

 
SPECIFIC EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.10

Taxation

The tax expense for the financial reporting period comprises of current (i.e. corporation) and deferred taxation; both of which are recognised in profit or loss.
Current taxation is calculated using tax rates and on the basis of tax laws enacted or substantively enacted at the balance sheet date in the United Kingdom where the Company operates and generates taxable income.
Deferred taxation is recognised on temporary differences arising between the tax bases of assets and liabilities and their respective carrying amounts in the financial statements. Deferred taxation is calculated using tax rates and on the basis of tax laws enacted or substantively enacted at the balance sheet date and expected to apply when the related deferred tax asset/liability is realised/settled. Deferred tax assets are recognised only to the extent that it is sufficiently probable that future taxable profits will be available against which the temporary differences can be utilised.

 
2.11

Taxation

The tax expense for the financial reporting period comprises of current (i.e. corporation) and deferred taxation; both of which are recognised in profit or loss.
Current taxation is calculated using tax rates and on the basis of tax laws enacted or substantively enacted at the balance sheet date in the United Kingdom where the Company operates and generates taxable income.
Deferred taxation is recognised on temporary differences arising between the tax bases of assets. and liabilities and their respective carrying amounts in the financial statements. Deferred taxation is calculated using tax rates and on the basis of tax laws enacted or substantively enacted at the balance sheet date and expected to apply when the related deferred tax asset/liability is realised/settled. Deferred tax assets are recognised only to the extent that it is sufficiently probable that future taxable profits will be available against which the temporary differences can be utilised.

 
2.12

Tangible fixed assets

Tangible fixed assets are recognised under the cost model and stated at historical cost less accumulated depreciation. 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 upon acquisition.

Depreciation is provided on the following basis:

Other fixed assets
-
15 to 25% reducing balance

Depreciation of a tangible fixed asset commences once the asset is available for use.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss for the reporting period.

Page 5

 
SPECIFIC EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

Fixed asset investments

Fixed asset investments comprise of holdings in unlisted company shares of subsidiary undertakings. Such holdings are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at cost less provision for impairment at the balance sheet date.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities; with said financial assets and liabilities classified in accordance with the substance of the underlying contractual obligations rather than its legal form.
Financial assets and liabilities are recognised in the balance sheet upon becoming party to the contractual provisions of the instrument. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or the financial asset is transferred along with substantially all the risks and rewards of ownership of the asset to another party. Financial liabilities are derecognised only when the Company’s obligations are discharged, cancelled or expired.
The measurement of specific financial assets, financial liabilities and equity held by the Company is as outlined below:
Debtors and creditors
Debtors and creditors are initially measured, and subsequently held, at transaction price (i.e fair value) less provision for impairment of assets.
Bank loans issued at market rates included in creditors are initially measured at fair value and subsequently measured at amortised cost using the effective interest method with the interest expense recognised on an effective yield basis.
Cash and cash equivalents
Cash balances are reported by the Company as being financial instruments classified as short term receivables and are represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Equity and dividends
Ordinary share capital, shown in equity, is initially measured and subsequently held at its nominal value. Where the transaction price for issued shares exceeds their nominal value, the difference is shown under equity in a share premium account with any directly attributable transaction costs associated with the issuing of said shares deducted from the share premium account.
Equity dividends are recognised in the reporting period in which they are approved by the Company's directors.

Page 6

 
SPECIFIC EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, the director is required to apply judgment and make estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other available sources based on historical experience and other factors that are considered to be relevant. Consequently, actual results may differ from that originally estimated.
In the opinion of the director, there were no judgments, estimates and/or assumptions made in applying the principal accounting policies, outlined in note 2 of these financial statements, towards the preparation of these financial statements that may be considered as having a significant risk of causing a material adjustment to the carrying amount of assets and/or liabilities carried forward as at the balance sheet date where by which the actual future outcome observed may differ from that originally determined and reported.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 2).


5.


Tangible fixed assets





Other fixed assets

£



Cost


At 1 January 2023
60,101



At 31 December 2023

60,101



Depreciation


At 1 January 2023
54,424


Charge for the year on owned assets
905



At 31 December 2023

55,329



Net book value



At 31 December 2023
4,772



At 31 December 2022
5,677

Page 7

 
SPECIFIC EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2023
2



At 31 December 2023
2





7.


Debtors

2023
2022
£
£

Falling due within one year

Trade debtors
30,511
45,678

Amounts owed by group undertakings
3,496
3,496

Other debtors
6,787
-

40,794
49,174


Amounts owed by group undertakings are unsecured, interest-free and repayable on demand with no fixed date of repayment.
Trade and other debtors falling due within one year are non-interest bearing and, in the opinion of the director, of a fair value deemed not to be materially different from their carrying value. 
At the balance sheet date, the provision for impairment against debtors falling due within one year was £11,730 (2022: £11,730).


8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
28,108
32,202


Page 8

 
SPECIFIC EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,156
9,906

Trade creditors
26,598
25,828

Amounts owed to group undertakings
2,268
2,268

Other taxation and social security
-
1,827

Other creditors
10,667
10,667

Accruals and deferred income
4,515
1,750

54,204
52,246


Amounts owed to group undertakings are unsecured, interest-free and repayable on demand with no fixed date of repayment.


10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
14,833
25,039



11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,156
9,906

Amounts falling due 1-2 years

Bank loans
10,413
10,155

Amounts falling due 2-5 years

Bank loans
4,420
14,884


24,989
34,945



12.


Financial instruments

The Company held no financial instruments that would require specific disclosure under sections 1.12, 11 or 12 of Financial Reporting Standard 102 and/or paragraph 36 of Schedule 1 to the UK Companies Act.

Page 9

 
SPECIFIC EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

13.


Pension commitments

The pension cost charge represents contributions made by the Company towards defined contribution pension plans in respect of its employees and for the year amounted to £15 (2022: £619).

No contributions payable were outstanding at the balance sheet date (2022: £nil).


14.


Related party transactions

The Company has taken advantage of exemptions provided by Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions undertaken or balances carried forward as at the balance sheet date between the Company and its fellow wholly-owned group undertakings.
At the balance sheet date, the Company owed £3,331 (2022: £3,331) to the director in respect of an unsecured and interest-free loan account. Amounts due towards the loan account are repayable on demand.
There were no other related party transactions and/or period end balances to report in accordance with the UK Companies Act 2006 and Section 1A of Financial Reporting Standard 102 as part of these financial statements.

 
Page 10