Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-01-01No description of principal activity34truetrue 12272876 2023-01-01 2023-12-31 12272876 2022-01-01 2022-12-31 12272876 2023-12-31 12272876 2022-12-31 12272876 2022-01-01 12272876 2 2023-01-01 2023-12-31 12272876 2 2022-01-01 2022-12-31 12272876 1 2023-01-01 2023-12-31 12272876 e:Director1 2023-01-01 2023-12-31 12272876 e:RegisteredOffice 2023-01-01 2023-12-31 12272876 d:CurrentFinancialInstruments 2023-12-31 12272876 d:CurrentFinancialInstruments 2022-12-31 12272876 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12272876 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12272876 d:ShareCapital 2023-01-01 2023-12-31 12272876 d:ShareCapital 2023-12-31 12272876 d:ShareCapital 2022-01-01 2022-12-31 12272876 d:ShareCapital 2022-12-31 12272876 d:ShareCapital 2022-01-01 12272876 d:OtherMiscellaneousReserve 2023-01-01 2023-12-31 12272876 d:OtherMiscellaneousReserve 2023-12-31 12272876 d:OtherMiscellaneousReserve 2 2023-01-01 2023-12-31 12272876 d:OtherMiscellaneousReserve 2022-01-01 2022-12-31 12272876 d:OtherMiscellaneousReserve 2022-12-31 12272876 d:OtherMiscellaneousReserve 2022-01-01 12272876 d:OtherMiscellaneousReserve 2 2022-01-01 2022-12-31 12272876 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12272876 d:RetainedEarningsAccumulatedLosses 2023-12-31 12272876 d:RetainedEarningsAccumulatedLosses 2 2023-01-01 2023-12-31 12272876 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 12272876 d:RetainedEarningsAccumulatedLosses 2022-12-31 12272876 d:RetainedEarningsAccumulatedLosses 2022-01-01 12272876 d:RetainedEarningsAccumulatedLosses 2 2022-01-01 2022-12-31 12272876 e:FRS102 2023-01-01 2023-12-31 12272876 e:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12272876 e:FullAccounts 2023-01-01 2023-12-31 12272876 e:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 12272876 (England and Wales)














Q&A MEDIA UK LTD
UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023


 
Q&A MEDIA UK LTD
 

 
COMPANY INFORMATION


Director
T L Carter 




Registered number
12272876



Registered office
Birchin Court
5th Floor

19-25 Birchin Lane

London

United Kingdom

EC3V 9DU




Accountants
ZEDRA Corporate Reporting Services (UK) Limited






 
Q&A MEDIA UK LTD
 


CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 7


 
Q&A MEDIA UK LTD
REGISTERED NUMBER:12272876


BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
270
2,642

Cash at bank and in hand
  
12,755
123,375

  
13,025
126,017

Creditors: amounts falling due within one year
 4 
(15,283)
(128,042)

Net current liabilities
  
 
 
(2,258)
 
 
(2,025)

Total assets less current liabilities
  
(2,258)
(2,025)

  

Net liabilities
  
(2,258)
(2,025)

Page 1


 
Q&A MEDIA UK LTD
REGISTERED NUMBER:12272876

    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
1
1

Capital contribution reserve
 5 
-
17,777

Profit and loss account
 5 
(2,259)
(19,803)

  
(2,258)
(2,025)


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: 


T L Carter
Director

Date: 28 August 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2


 
Q&A MEDIA UK LTD
 


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Capital contribution reserve
Profit and loss account
Total equity

£
£
£
£


At 1 January 2022
1
8,904
(9,776)
(871)


Comprehensive income for the year

Loss for the year
-
-
(10,027)
(10,027)
Total comprehensive income for the year
-
-
(10,027)
(10,027)

Share-based payment charge / (credit) (note 5)
-
8,873
-
8,873


Total transactions with owners
-
8,873
-
8,873



At 1 January 2023
1
17,777
(19,803)
(2,025)


Comprehensive income for the year

Profit for the year
-
-
17,544
17,544
Total comprehensive income for the year
-
-
17,544
17,544

Share-based payment charge / (credit) (note 5)
-
(17,777)
-
(17,777)


Total transactions with owners
-
(17,777)
-
(17,777)


At 31 December 2023
1
-
(2,259)
(2,258)


The notes on pages 4 to 7 form part of these financial statements.

Page 3


 
Q&A MEDIA UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies

 
1.1

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:

 
1.2

Going concern

During the year, the Company ceased trading and became dormant. As a result, these financial statements are prepared on a basis other than the going concern basis.

 
1.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover is recognised in line with the intercompany service arrangement with the parent company, equal to costs, excluding share based payment expenses. Intercompany turnover is recognised when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the intercompany service arrangement; and
the costs incurred under the intercompany service arrangement can be measured reliably.

 
1.4

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.

Page 4


 
Q&A MEDIA UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.5

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each Balance Sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

 
1.6

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.

 
1.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
1.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

  
1.9

Creditors

Short term creditors are measured at the transaction price. Amounts owed to group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

Page 5


 
Q&A MEDIA UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.


Employees

The average monthly number of employees during the year was 3 (2022 - 4).


3.


Debtors

2023
2022
£
£


Other debtors
270
1,185

Prepayments and accrued income
-
1,457

270
2,642



4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1,779

Amounts owed to group undertakings
14,511
106,384

Corporation tax
772
1,224

Other taxation and social security
-
9,615

Accruals and deferred income
-
9,040

15,283
128,042



5.


Capital contribution reserve

Certain employees of the Company had been granted options over the shares in the parent company, Q&A Holdings Inc. The options were granted at an independently determined fair value and 25% of the options were exercisable one year after the date of grant, with vesting continuing monthly for 3 years thereafter.
An expense equivalent to the fair value of the share options granted was recognised evenly over the vesting period with a corresponding amount being recognised in the capital contribution reserve.
In the current reporting period, all the employees of the company were terminated when the entity ceased trading and became dormant and as such the share option plan was cancelled, resulting in the reversal of the historic expense through the Statement of Comprehensive Income.


6.


Controlling party

Q&A Holdings Inc. is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 10317 Washington Blvd, Culver City, California 90232, USA.

Page 6


 
Q&A MEDIA UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date that these financial statements were approved.
 
Page 7