Caseware UK (AP4) 2023.0.135 2023.0.135 2022-09-302022-09-30No description of principal activity102021-10-01false7falsetruefalse 12556809 2021-10-01 2022-09-30 12556809 2022-09-30 12556809 2020-10-01 2021-09-30 12556809 2021-09-30 12556809 2020-10-01 12556809 c:Director1 2021-10-01 2022-09-30 12556809 c:Director2 2021-10-01 2022-09-30 12556809 c:RegisteredOffice 2021-10-01 2022-09-30 12556809 d:ComputerEquipment 2021-10-01 2022-09-30 12556809 d:ComputerEquipment 2022-09-30 12556809 d:ComputerEquipment 2021-09-30 12556809 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 12556809 d:CurrentFinancialInstruments 2022-09-30 12556809 d:CurrentFinancialInstruments 2021-09-30 12556809 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 12556809 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 12556809 d:ShareCapital 2022-09-30 12556809 d:ShareCapital 2021-09-30 12556809 d:ShareCapital 2020-10-01 12556809 d:ForeignCurrencyTranslationReserve 2021-10-01 2022-09-30 12556809 d:ForeignCurrencyTranslationReserve 2022-09-30 12556809 d:ForeignCurrencyTranslationReserve 2020-10-01 2021-09-30 12556809 d:ForeignCurrencyTranslationReserve 2021-09-30 12556809 d:ForeignCurrencyTranslationReserve 2020-10-01 12556809 d:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 12556809 d:RetainedEarningsAccumulatedLosses 2022-09-30 12556809 d:RetainedEarningsAccumulatedLosses 2020-10-01 2021-09-30 12556809 d:RetainedEarningsAccumulatedLosses 2021-09-30 12556809 d:RetainedEarningsAccumulatedLosses 2020-10-01 12556809 c:FRS102 2021-10-01 2022-09-30 12556809 c:Audited 2021-10-01 2022-09-30 12556809 c:FullAccounts 2021-10-01 2022-09-30 12556809 c:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 12556809 c:SmallCompaniesRegimeForAccounts 2021-10-01 2022-09-30 12556809 e:PoundSterling 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure
Company registration number: 12556809







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2022


MARCUS EVANS (AUSTRALIA) LTD






































img0366.png                        

 


MARCUS EVANS (AUSTRALIA) LTD
 


 
COMPANY INFORMATION


Directors
J G Farry 
M P Studd 




Registered number
12556809



Registered office
Magnus House
7th Floor

3 Lower Thames Street

London

EC3R 6HE




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


MARCUS EVANS (AUSTRALIA) LTD
 



CONTENTS



Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6

 


MARCUS EVANS (AUSTRALIA) LTD
REGISTERED NUMBER:12556809



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
  
1,556
-

  
1,556
-

Current assets
  

Debtors: amounts falling due within one year
 5 
537,633
323,058

Cash at bank and in hand
  
194,433
247,862

  
732,066
570,920

Creditors: amounts falling due within one year
 6 
(1,009,126)
(667,558)

Net current liabilities
  
 
 
(277,060)
 
 
(96,638)

Total assets less current liabilities
  
(275,504)
(96,638)

  

Net liabilities
  
(275,504)
(96,638)


Capital and reserves
  

Called up share capital 
  
100
100

Foreign exchange reserve
  
(8,903)
778

Profit and loss account
  
(266,701)
(97,516)

  
(275,504)
(96,638)


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: 




................................................
M P Studd
Director
Date: 15 September 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 


MARCUS EVANS (AUSTRALIA) LTD
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2022


Called up share capital
Foreign exchange reserve
Profit and loss account
Total equity

£
£
£
£


At 1 October 2020
100
-
-
100


Comprehensive income for the year

Loss for the year
-
-
(97,516)
(97,516)

Currency translation differences
-
778
-
778



At 1 October 2021
100
778
(97,516)
(96,638)


Comprehensive income for the year

Loss for the year
-
-
(169,185)
(169,185)

Currency translation differences
-
(9,681)
-
(9,681)


At 30 September 2022
100
(8,903)
(266,701)
(275,504)


The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


MARCUS EVANS (AUSTRALIA) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1.


General information

Marcus Evans (Australia) Limited is a private company limited by shares, registered in England and Wales. The address of its principal place of business is 189 Kent St, Level 8, Suite 803, Sydney, NSW, 2000.

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

Going concern

The Company has net liabilities of £275,504 (2021: £96,638). Included within total liabilities of £1,009,126 (2021: total assets of £570,920) there are intercompany creditors of £24,068 (2021: intercompany debtors of £92,545).
The financial statements have been prepared on a going concern basis, which assumes the company will continue to trade in operational existence for the foreseeable future.
Marcus Evans Holdings (IOM) Ltd has also confirmed that it will currently continue to provide financial resources as may be required for the Company to meet its financial commitments as they fall due for at least twelve months from the date of approval of these financial statements.
At the time of approving the financial statements, the directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and Company also has group financial support available in case of financial difficulties. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Revenue

Revenue arises from the provision of services in respect of management and arrangement of conferences. Revenue is measured at the fair value of the consideration received or receivable and represents amount for the provision of services in the normal course of business, net of discounts and other sales-related taxes.
Revenue is recognised at the completion of the conference, until which point the amounts invoiced are recorded as a deferred income.

 
2.4

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.

  
2.5

Event related expenses

Directly attributable event expenses are recognised in the year in which the event has been completed.

Page 3

 


MARCUS EVANS (AUSTRALIA) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)

 
2.6

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer 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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average number of employees during the year was 8 (2021 - 7).

Page 4

 


MARCUS EVANS (AUSTRALIA) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
1,588



At 30 September 2022

1,588



Depreciation


Charge for the year on owned assets
32



At 30 September 2022

32



Net book value



At 30 September 2022
1,556



At 30 September 2021
-


5.


Debtors

2022
2021
£
£


Trade debtors
319,194
116,050

Amounts owed by group undertakings
-
92,545

Other debtors
218,339
114,363

Called up share capital not paid
100
100

537,633
323,058



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
36,961
2,318

Amounts owed to group undertakings
24,068
-

Other taxation and social security
105,316
57,064

Other creditors
34,223
18,160

Accruals and deferred income
808,558
590,016

1,009,126
667,558


Page 5

 


MARCUS EVANS (AUSTRALIA) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

7.


Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the reporting date. The Company contributes to rent and utilities of an operating lease where the commitment lies with The Hospitality Corporation Pacific Region Pty Limited, a fellow group company.


8.


Controlling party

The parent company of the smallest and largest group of which the company is a member and for which group accounts are prepared is Marcus Evans Conferences Ltd, the address of its registered office is Magnus House, 7th Floor, 3 Lower Thames Street, London, EC3R 6HE. 


9.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2022 was unqualified.

The audit report was signed on 15 September 2024 by Andrew Cook FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 6