Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activity710falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10535616 2023-01-01 2023-12-31 10535616 2022-01-01 2022-12-31 10535616 2023-12-31 10535616 2022-12-31 10535616 c:Director2 2023-01-01 2023-12-31 10535616 d:PlantMachinery 2023-01-01 2023-12-31 10535616 d:PlantMachinery 2023-12-31 10535616 d:PlantMachinery 2022-12-31 10535616 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10535616 d:MotorVehicles 2023-01-01 2023-12-31 10535616 d:OfficeEquipment 2023-01-01 2023-12-31 10535616 d:OfficeEquipment 2023-12-31 10535616 d:OfficeEquipment 2022-12-31 10535616 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10535616 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10535616 d:CurrentFinancialInstruments 2023-12-31 10535616 d:CurrentFinancialInstruments 2022-12-31 10535616 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10535616 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10535616 d:ShareCapital 2023-12-31 10535616 d:ShareCapital 2022-12-31 10535616 d:SharePremium 2023-12-31 10535616 d:SharePremium 2022-12-31 10535616 d:RetainedEarningsAccumulatedLosses 2023-12-31 10535616 d:RetainedEarningsAccumulatedLosses 2022-12-31 10535616 c:OrdinaryShareClass1 2023-01-01 2023-12-31 10535616 c:OrdinaryShareClass1 2023-12-31 10535616 c:OrdinaryShareClass1 2022-12-31 10535616 c:FRS102 2023-01-01 2023-12-31 10535616 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10535616 c:FullAccounts 2023-01-01 2023-12-31 10535616 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10535616 6 2023-01-01 2023-12-31 10535616 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 10535616 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 10535616 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10535616









FINELIGHT MEDIA GROUP LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FINELIGHT MEDIA GROUP LIMITED
REGISTERED NUMBER: 10535616

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
23,527
35,435

Investments
 5 
468,587
393,387

  
492,114
428,822

Current assets
  

Debtors: amounts falling due within one year
 6 
588,554
329,022

Cash at bank and in hand
  
250,352
436,459

  
838,906
765,481

Creditors: amounts falling due within one year
 7 
(89,511)
(63,555)

Net current assets
  
 
 
749,395
 
 
701,926

Total assets less current liabilities
  
1,241,509
1,130,748

  

Net assets
  
1,241,509
1,130,748


Capital and reserves
  

Called up share capital 
 9 
1
1

Share premium account
  
1,787
1,787

Profit and loss account
  
1,239,721
1,128,960

  
1,241,509
1,130,748


Page 1

 
FINELIGHT MEDIA GROUP LIMITED
REGISTERED NUMBER: 10535616

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 on 25 September 2024.




................................................
R A Dickson
Director

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

Page 2

 
FINELIGHT MEDIA GROUP LIMITED
 

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

1.


General information

Three Crowns Holdings Limited is a private company, limited by shares, domiciled in England and Wales, registration number 10535616.  The registered office is Suite 9a, Cringleford Business Centre, Intwood Road, Cringleford, Norwich, NR4 6AU.
The financial statements are rounded to the nearest £.

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 directors consider that the resources available to the company will be sufficient for it to be able to continue as a going concern. The financial statements do not contain any adjustments that would be required if the company were not able to continue as a going concern.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
FINELIGHT MEDIA GROUP LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet 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 balance sheet 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 balance sheet date.

Page 4

 
FINELIGHT MEDIA GROUP LIMITED
 

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

2.Accounting policies (continued)

 
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

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line basis
Motor vehicles
-
25%
reducing balance basis
Office equipment
-
33%
straight line basis

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 the Profit and Loss Account.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

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.

 
2.10

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 7 (2022 - 10).

Page 5

 
FINELIGHT MEDIA GROUP LIMITED
 

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

4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
18,080
32,231
50,311


Additions
1,366
-
1,366



At 31 December 2023

19,446
32,231
51,677



Depreciation


At 1 January 2023
3,940
10,935
14,875


Charge for the year on owned assets
4,149
9,126
13,275



At 31 December 2023

8,089
20,061
28,150



Net book value



At 31 December 2023
11,357
12,170
23,527



At 31 December 2022
14,140
21,295
35,435


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
393,387


Additions
75,200


On disposal of subsidiaries
-



At 31 December 2023
468,587




Page 6

 
FINELIGHT MEDIA GROUP LIMITED
 

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

6.


Debtors

2023
2022
£
£


Trade debtors
-
186,504

Amounts owed by group undertakings
463,015
-

Amounts owed by joint ventures and associated undertakings
-
1,575

Other debtors
22,935
22,935

Prepayments and accrued income
102,604
112,669

Deferred taxation
-
5,339

588,554
329,022



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,128
24,069

Other taxation and social security
68,404
36,071

Other creditors
14
89

Accruals and deferred income
15,965
3,326

89,511
63,555


Page 7

 
FINELIGHT MEDIA GROUP LIMITED
 

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

8.


Deferred taxation




2023


£






At beginning of year
5,339


Charged to profit or loss
(5,339)



At end of year
-

The deferred tax asset is made up as follows:

2023
2022
£
£


Accelerated capital allowances
-
5,339


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) ordinary shares of £0.01 each
1
1



10.


Pension commitments

The Company operates a defined contributions 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 £29,185 (2022 £39,710). Contributions totalling £14 (2022 £88)  were payable to the fund at the balance sheet date and are included in creditors.


Page 8