Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30false2022-10-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09003793 2022-10-01 2023-09-30 09003793 2021-10-01 2022-09-30 09003793 2023-09-30 09003793 2022-09-30 09003793 c:Director1 2022-10-01 2023-09-30 09003793 d:FurnitureFittings 2022-10-01 2023-09-30 09003793 d:FurnitureFittings 2023-09-30 09003793 d:FurnitureFittings 2022-09-30 09003793 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 09003793 d:FreeholdInvestmentProperty 2022-10-01 2023-09-30 09003793 d:FreeholdInvestmentProperty 2023-09-30 09003793 d:FreeholdInvestmentProperty 2022-09-30 09003793 d:FreeholdInvestmentProperty 2 2022-10-01 2023-09-30 09003793 d:CurrentFinancialInstruments 2023-09-30 09003793 d:CurrentFinancialInstruments 2022-09-30 09003793 d:Non-currentFinancialInstruments 2023-09-30 09003793 d:Non-currentFinancialInstruments 2022-09-30 09003793 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 09003793 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 09003793 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 09003793 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 09003793 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 09003793 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 09003793 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 09003793 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-09-30 09003793 d:ShareCapital 2023-09-30 09003793 d:ShareCapital 2022-09-30 09003793 d:RevaluationReserve 2023-09-30 09003793 d:RevaluationReserve 2022-09-30 09003793 d:RetainedEarningsAccumulatedLosses 2023-09-30 09003793 d:RetainedEarningsAccumulatedLosses 2022-09-30 09003793 c:FRS102 2022-10-01 2023-09-30 09003793 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 09003793 c:FullAccounts 2022-10-01 2023-09-30 09003793 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 09003793 5 2022-10-01 2023-09-30 09003793 f:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 09003793









RADIO & SOCIAL MEDIA BROADCASTING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
RADIO & SOCIAL MEDIA BROADCASTING LIMITED
REGISTERED NUMBER: 09003793

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
751
1,001

Investment property
 5 
1,550,000
1,600,001

  
1,550,751
1,601,002

Current assets
  

Debtors: amounts falling due within one year
 6 
450
7,487

Cash at bank and in hand
 7 
5,343
4,009

  
5,793
11,496

Creditors: amounts falling due within one year
 8 
(1,156,491)
(1,210,316)

Net current liabilities
  
 
 
(1,150,698)
 
 
(1,198,820)

Total assets less current liabilities
  
400,053
402,182

Creditors: amounts falling due after more than one year
 9 
(250,746)
(224,270)

Provisions for liabilities
  

Deferred tax
  
(32,974)
(44,394)

  
 
 
(32,974)
 
 
(44,394)

Net assets
  
116,333
133,518


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Revaluation reserve
  
140,577
189,258

Profit and loss account
  
(25,244)
(56,740)

  
116,333
133,518


Page 1

 
RADIO & SOCIAL MEDIA BROADCASTING LIMITED
REGISTERED NUMBER: 09003793
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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: 




J L Gould
Director

Date: 17 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RADIO & SOCIAL MEDIA BROADCASTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Radio and Social Media Broadcasting Limited is a private company limited by shares incorporated in England and Wales. The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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

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.

 
2.3

Borrowing costs

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

 
2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Reducing balance

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.

Page 3

 
RADIO & SOCIAL MEDIA BROADCASTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.


3.


Employees

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

Page 4

 
RADIO & SOCIAL MEDIA BROADCASTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 October 2022
10,000



At 30 September 2023

10,000



Depreciation


At 1 October 2022
8,999


Charge for the year on owned assets
250



At 30 September 2023

9,249



Net book value



At 30 September 2023
751



At 30 September 2022
1,001


5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2022
1,600,000


Additions at cost
10,100


Surplus on revaluation
(60,100)



At 30 September 2023
1,550,000

The 2023 valuations were made by the director, on an open market value for existing use basis.



Page 5

 
RADIO & SOCIAL MEDIA BROADCASTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
 
5.Investment property (continued)



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
1,366,348
1,366,348

1,366,348
1,366,348


6.


Debtors

2023
2022
£
£


Trade debtors
450
7,487

450
7,487



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
5,343
4,009

5,343
4,009



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
831
1,862

Corporation tax
598
-

Other creditors
1,150,062
1,200,454

Accruals and deferred income
5,000
8,000

1,156,491
1,210,316


Page 6

 
RADIO & SOCIAL MEDIA BROADCASTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
250,746
224,270

250,746
224,270



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
831
1,862


831
1,862


Amounts falling due 2-5 years

Bank loans
3,911
4,166


3,911
4,166

Amounts falling due after more than 5 years

Bank loans
246,833
220,104

246,833
220,104

251,575
226,132


 
Page 7