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 2006.2023-01-01falseThe principal activity of the company continued to be that of tour operating activities65truetrue 12694449 2023-01-01 2023-12-31 12694449 2022-01-01 2022-12-31 12694449 2023-12-31 12694449 2022-12-31 12694449 c:Director4 2023-01-01 2023-12-31 12694449 d:ComputerEquipment 2023-01-01 2023-12-31 12694449 d:ComputerEquipment 2023-12-31 12694449 d:ComputerEquipment 2022-12-31 12694449 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12694449 d:ComputerSoftware 2023-12-31 12694449 d:ComputerSoftware 2022-12-31 12694449 d:CurrentFinancialInstruments 2023-12-31 12694449 d:CurrentFinancialInstruments 2022-12-31 12694449 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12694449 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12694449 d:ShareCapital 2023-12-31 12694449 d:ShareCapital 2022-12-31 12694449 d:SharePremium 2023-12-31 12694449 d:SharePremium 2022-12-31 12694449 d:RetainedEarningsAccumulatedLosses 2023-12-31 12694449 d:RetainedEarningsAccumulatedLosses 2022-12-31 12694449 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12694449 c:OrdinaryShareClass1 2023-12-31 12694449 c:OrdinaryShareClass1 2022-12-31 12694449 c:FRS102 2023-01-01 2023-12-31 12694449 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12694449 c:FullAccounts 2023-01-01 2023-12-31 12694449 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12694449 d:Subsidiary1 2023-01-01 2023-12-31 12694449 d:Subsidiary1 1 2023-01-01 2023-12-31 12694449 d:ComputerSoftware d:InternallyGeneratedIntangibleAssets 2023-01-01 2023-12-31 12694449 2 2023-01-01 2023-12-31 12694449 6 2023-01-01 2023-12-31 12694449 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12694449














GEOCULTURA LIMITED

 
UNAUDITED

 FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
GEOCULTURA LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
GEOCULTURA LIMITED
REGISTERED NUMBER:12694449

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,937
4,037

Tangible assets
 5 
496
954

Investments
 6 
1
1

  
2,434
4,992

Current assets
  

Debtors: amounts falling due within one year
 7 
71,947
56,058

Cash at bank and in hand
 8 
5,653
44,209

  
77,600
100,267

Creditors: amounts falling due within one year
 9 
(80,994)
(73,843)

Net current (liabilities)/assets
  
 
 
(3,394)
 
 
26,424

Total assets less current liabilities
  
(960)
31,416

  

Net (liabilities)/assets
  
(960)
31,416


Capital and reserves
  

Called up share capital 
 10 
1,790
990

Share premium account
  
371,649
272,449

Profit and loss account
  
(374,399)
(242,023)

  
(960)
31,416


1

 
GEOCULTURA LIMITED
REGISTERED NUMBER:12694449
    
BALANCE SHEET (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 profit and loss account 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: 




................................................
R J Knipe
Director

Date: 23 October 2024

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

2

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

1.


General information

Geocultura Limited is a private company, limited by shares, registered in England and Wales, registration number 12694449. The registered office is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
 
The principal activity of the company continued to be that of tour operating activities.

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 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 company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis as the directors have confirmed that the shareholders will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Turnover

Turnover from touring activities 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. Turnover from touring activities is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.5

Interest income

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

3

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

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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 useful life of 3 years.

 
2.8

 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
-
33%

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.

 
2.9

 Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

 Debtors

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

 
2.11

 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.

4

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

2.Accounting policies (continued)

 
2.12

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

 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 other third parties, loans from and to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 5).


4.


Intangible assets




Website

£



Cost


At 1 January 2023
7,900


Additions
600



At 31 December 2023

8,500



Amortisation


At 1 January 2023
3,863


Charge for the year
2,700



At 31 December 2023

6,563



Net book value



At 31 December 2023
1,937



At 31 December 2022
4,037



5

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

5.


Tangible fixed assets





Computer equipment

£



Cost 


At 1 January 2023
1,375



At 31 December 2023

1,375



Depreciation


At 1 January 2023
421


Charge for the year
458



At 31 December 2023

879



Net book value



At 31 December 2023
496



At 31 December 2022
954


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1



At 31 December 2023
1





Subsidiary undertaking


The following was a subsidiary undertaking of the company:

Name

Registered office

Class of shares

Holding

Geocultura Inc.
USA
Ordinary
  100%

6

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

7.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
63,031
46,308

Other debtors
2,862
4,215

Prepayments
6,054
5,535

71,947
56,058



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
5,653
44,209



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,398
-

Other creditors
61,139
60,095

Accruals and deferred income
14,457
13,748

80,994
73,843



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,790 (2022 - 990) Ordinary shares of £1.00 each
1,790
990


On 4 August 2023, 754 Ordinary shares of £1 each were issued at an aggregate subscription price of £94,250 and an aggregate nominal value of £754.
On 11 December 2023, 46 Ordinary shares of £1 each were issued at an aggregate subscription price of £5,750 and an aggregate nominal value of £46.

11.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £561 (2022 - £385). At the balance sheet date the company owed £134 (2022 - £85) to the pension fund.

7

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

12.


Related party transactions

No disclosure has been made of transactions with other wholly owned group companies in accordance
with FRS 102 Section 1A paragraph 1AC.35.

As at the balance sheet date, included in other creditors is an amount of £30,250 (2022 - £30,000) owed to the director. The loan is interest free and repayable on demand.
 
 
8