Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3112023-01-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03485303 2023-01-01 2023-12-31 03485303 2022-01-01 2022-12-31 03485303 2023-12-31 03485303 2022-12-31 03485303 c:Director1 2023-01-01 2023-12-31 03485303 d:Buildings 2023-01-01 2023-12-31 03485303 d:Buildings 2023-12-31 03485303 d:Buildings 2022-12-31 03485303 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03485303 d:PlantMachinery 2023-01-01 2023-12-31 03485303 d:PlantMachinery 2023-12-31 03485303 d:PlantMachinery 2022-12-31 03485303 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03485303 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03485303 d:CurrentFinancialInstruments 2023-12-31 03485303 d:CurrentFinancialInstruments 2022-12-31 03485303 d:UKTax 2023-01-01 2023-12-31 03485303 d:UKTax 2022-01-01 2022-12-31 03485303 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03485303 c:FullAccounts 2023-01-01 2023-12-31 03485303 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03485303 c:Micro-entities 2023-01-01 2023-12-31 03485303 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 03485303









FESTIVAL ONLINE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FESTIVAL ONLINE LIMITED
REGISTERED NUMBER: 03485303

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
£
£


Fixed assets
629,770
629,832

Current assets
1,395,477
1,404,142

Creditors: amounts falling due within one year
(483,518)
(492,327)

Net current assets
 
 
911,959
 
 
911,815

Total assets less current liabilities
1,541,729
1,541,647


Net assets
1,541,729
1,541,647



Capital and reserves
1,541,729
1,541,647


Notes


General information

Festival Online Limited is a private company, limited by shares, incorporated in England and Wales. The address of the company's registered office is 11 Old Steine, Brighton, BN1 1EJ. 


Average number of employees

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

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.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
 
Page 1

 
FESTIVAL ONLINE LIMITED
REGISTERED NUMBER: 03485303
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



D Nathan
Director

Date: 6 September 2024

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FESTIVAL ONLINE LIMITED
 
 
 
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 Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.


2.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
-
1,882


-
1,882


Group taxation relief
59,890
52,226


59,890
54,108


Total current tax
59,890
54,108

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19.00% (2022 - 19.00%).


Page 3

 
FESTIVAL ONLINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 January 2023
667,230
-
667,230


Additions
-
1,709
1,709



At 31 December 2023

667,230
1,709
668,939



Depreciation


At 1 January 2023
37,400
-
37,400


Charge for the year on owned assets
1,700
71
1,771



At 31 December 2023

39,100
71
39,171



Net book value



At 31 December 2023
628,130
1,638
629,768



At 31 December 2022
629,830
-
629,830

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FESTIVAL ONLINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Debtors

2023
2022
£
£


Trade debtors
1,595
2,998

Amounts owed by subsidiary
1,362,184
1,360,443

Prepayments and accrued income
1,820
2,494

1,365,599
1,365,935


The amount due from the subsidiary undertaking is significant to the company, but reflects the group's investment in that subsidiary. The director considers each year whether the amount is recoverable, and has concluded that there is sufficient prospect for the business undertaken by it that it would be inappropriate to impair its value as at the balance sheet date.


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
29,878
38,206

29,878
38,206



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
9,117
10,664

Corporation tax
-
1,882

Other creditors
474,401
479,781

483,518
492,327


 
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