Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false12The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseNo description of principal activity7falsetrue 13236715 2022-12-31 13236715 2023-01-01 2023-12-31 13236715 2022-01-01 2022-12-31 13236715 2023-12-31 13236715 c:Director2 2023-01-01 2023-12-31 13236715 d:OfficeEquipment 2023-01-01 2023-12-31 13236715 d:OfficeEquipment 2023-12-31 13236715 d:OfficeEquipment 2022-12-31 13236715 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13236715 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 13236715 d:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 13236715 d:CurrentFinancialInstruments 2023-12-31 13236715 d:CurrentFinancialInstruments 2022-12-31 13236715 d:Non-currentFinancialInstruments 2023-12-31 13236715 d:Non-currentFinancialInstruments 2022-12-31 13236715 c:FRS102 2023-01-01 2023-12-31 13236715 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13236715 c:FullAccounts 2023-01-01 2023-12-31 13236715 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13236715 2 2023-01-01 2023-12-31 13236715 6 2023-01-01 2023-12-31 13236715 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-01-01 2023-12-31 13236715 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13236715










STABLE EVENTS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
STABLE EVENTS LTD
REGISTERED NUMBER: 13236715

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
60,417
90,417

Tangible assets
  
613
-

Investments
  
148,538
148,022

  
209,568
238,439

Current assets
  

Debtors: Amounts falling due within one year
 7 
288,419
81,940

Cash at bank and in hand
  
11,572
151,073

  
299,991
233,013

Total assets
  
 
 
509,559
 
 
471,452


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(287,114)
(310,987)

  
(286,114)
(309,987)

Creditors: Amounts Falling Due Within One Year
 8 
470,673
431,439

Creditors: Amounts Falling Due After More Than One Year
 9 
325,000
350,000

Total capital, reserves and liabilities
  
509,559
471,452


Page 1

 
STABLE EVENTS LTD
REGISTERED NUMBER: 13236715
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 income and retained earnings 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 12 September 2024.




J L Gower
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
STABLE EVENTS 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 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:

 
1.2

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.

 
1.3

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.

 
1.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 3

 
STABLE EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.5

Interest income

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

 
1.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.7

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.8

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 reporting date in the countries where the Company operates and generates income.

 
1.9

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.

 
1.10

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

 
STABLE EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)


1.10
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:

Office equipment
-
25%
straight-line

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.

 
1.11

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
1.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
1.13

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.

 
1.14

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.

 
1.15

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.

Page 5

 
STABLE EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.


General information

Stable Events Ltd is a private company, limited by shares and incorporated in England.
Its registered number is:  13236715
The address of its Registered office is:
Invision House
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2022 - 7).


4.


Intangible assets




Licences

£



Cost


At 1 January 2023
125,000



At 31 December 2023

125,000



Amortisation


At 1 January 2023
34,583


Charge for the year on owned assets
30,000



At 31 December 2023

64,583



Net book value



At 31 December 2023
60,417



At 31 December 2022
90,417



Page 6

 
STABLE EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
817



At 31 December 2023

817



Depreciation


Charge for the year on owned assets
204



At 31 December 2023

204



Net book value



At 31 December 2023
613



At 31 December 2022
-


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
148,022


Additions
516



At 31 December 2023
148,538




Page 7

 
STABLE EVENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£


Trade debtors
179,238
57,950

Amounts owed by related parties
46,201
-

Other debtors
40,547
5,084

Prepayments and accrued income
22,433
18,906

288,419
81,940



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Payments received on account
-
50,588

Trade creditors
28,387
9,820

Amounts owed to related parties
171,157
129,169

Other taxation and social security
8,719
46,924

Other creditors
1,321
621

Accruals and deferred income
261,089
194,317

470,673
431,439



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to shareholders
300,000
300,000

Deferred purchase consideration
25,000
50,000

325,000
350,000


 
Page 8