Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01false44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01623688 2023-01-01 2023-12-31 01623688 2022-01-01 2022-12-31 01623688 2023-12-31 01623688 2022-12-31 01623688 2022-01-01 01623688 c:Director1 2023-01-01 2023-12-31 01623688 d:PlantMachinery 2023-12-31 01623688 d:PlantMachinery 2022-12-31 01623688 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01623688 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01623688 d:MotorVehicles 2023-01-01 2023-12-31 01623688 d:MotorVehicles 2023-12-31 01623688 d:MotorVehicles 2022-12-31 01623688 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01623688 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01623688 d:FurnitureFittings 2023-01-01 2023-12-31 01623688 d:ComputerEquipment 2023-01-01 2023-12-31 01623688 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01623688 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01623688 d:CurrentFinancialInstruments 2023-12-31 01623688 d:CurrentFinancialInstruments 2022-12-31 01623688 d:Non-currentFinancialInstruments 2023-12-31 01623688 d:Non-currentFinancialInstruments 2022-12-31 01623688 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01623688 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01623688 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 01623688 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 01623688 d:ShareCapital 2023-01-01 2023-12-31 01623688 d:ShareCapital 2023-12-31 01623688 d:ShareCapital 2022-01-01 2022-12-31 01623688 d:ShareCapital 2022-12-31 01623688 d:ShareCapital 2022-01-01 01623688 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 01623688 d:RetainedEarningsAccumulatedLosses 2023-12-31 01623688 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 01623688 d:RetainedEarningsAccumulatedLosses 2022-12-31 01623688 d:RetainedEarningsAccumulatedLosses 2022-01-01 01623688 c:OrdinaryShareClass1 2023-01-01 2023-12-31 01623688 c:OrdinaryShareClass1 2023-12-31 01623688 c:FRS102 2023-01-01 2023-12-31 01623688 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01623688 c:FullAccounts 2023-01-01 2023-12-31 01623688 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01623688 2 2023-01-01 2023-12-31 01623688 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 01623688 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01623688














PART ROCK MANAGEMENT LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PART ROCK MANAGEMENT LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Statement of changes in equity
 
3
Notes to the financial statements
 
4 - 9


 
PART ROCK MANAGEMENT LIMITED
REGISTERED NUMBER:01623688

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
52,620
67,105

  
52,620
67,105

Current assets
  

Debtors: amounts falling due within one year
 5 
115,065
93,851

Cash at bank and in hand
 6 
836,608
620,624

  
951,673
714,475

Creditors: amounts falling due within one year
 7 
(104,705)
(49,568)

Net current assets
  
 
 
846,968
 
 
664,907

Total assets less current liabilities
  
899,588
732,012

Creditors: amounts falling due after more than one year
  
-
(1,566)

Provisions for liabilities
  

Deferred tax
 9 
(13,155)
(16,776)

  
 
 
(13,155)
 
 
(16,776)

Net assets
  
886,433
713,670


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
886,333
713,570

  
886,433
713,670


1

 
PART ROCK MANAGEMENT LIMITED
REGISTERED NUMBER:01623688
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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.



S G Young
Director

The notes on pages 4 to 9 form part of these financial statements.

2

 
PART ROCK MANAGEMENT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
100
616,775
616,875


Comprehensive income for the year

Profit for the year
-
98,795
98,795
Total comprehensive income for the year
-
98,795
98,795


Contributions by and distributions to owners

Dividends: Equity capital
-
(2,000)
(2,000)


Total transactions with owners
-
(2,000)
(2,000)



At 1 January 2023
100
713,570
713,670


Comprehensive income for the year

Profit for the year
-
174,763
174,763
Total comprehensive income for the year
-
174,763
174,763


Contributions by and distributions to owners

Dividends: Equity capital
-
(2,000)
(2,000)


Total transactions with owners
-
(2,000)
(2,000)


At 31 December 2023
100
886,333
886,433


The notes on pages 4 to 9 form part of these financial statements.

3

 
PART ROCK MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Part Rock Management Limited is a private company, limited by shares, domiciled in England and Wales, registrations number 01623688.

The address of it's registered office is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of management in the entertainment industry.

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 following principal accounting policies have been applied:

 
2.2

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.

 
2.3

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, in respect of management and entertainment services supplied during the year, exclusive of Value Added Tax and trade discounts.

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.

 
2.4

 Interest income

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

4

 
PART ROCK MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

 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.

 
2.6

 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet 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:

Motor vehicles
-
20% per annum on reducing balance method
Fixtures and fittings
-
15% per annum on straight line
Computer equipment
-
33% per annum on 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

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.

5

 
PART ROCK MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

 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.

 
2.10

 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.

 
2.11

 Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.12

 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 to related parties and investments in non-puttable ordinary shares.

 
2.13

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

6

 
PART ROCK MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 January 2023
47,498
71,393
118,891



At 31 December 2023

47,498
71,393
118,891



Depreciation


At 1 January 2023
42,267
9,519
51,786


Charge for the year on owned assets
2,110
-
2,110


Charge for the year on financed assets
-
12,375
12,375



At 31 December 2023

44,377
21,894
66,271



Net book value



At 31 December 2023
3,121
49,499
52,620



At 31 December 2022
5,231
61,874
67,105


5.


Debtors

2023
2022
£
£


Other debtors
57,892
93,601

Prepayments
57,173
250

115,065
93,851



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
836,608
620,624


7

 
PART ROCK MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
58,708
13,479

Other taxation and social security
25,713
10,280

Obligations under hire purchase contracts
1,566
4,727

Other creditors
2,306
4,845

Accruals
16,412
16,237

104,705
49,568



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under hire purchase contracts
-
1,566



9.


Deferred taxation




2023
2022


£

£






At beginning of year
(16,776)
(1,104)


Utilised in year
3,621
(15,672)



At end of year
(13,155)
(16,776)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(13,155)
(16,776)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares shares of £1.00 each
100
100


8

 
PART ROCK MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Related party transactions

At the year end, the company owed £2,155 to the director (2022 - £3,800). This is an interest free loan and is repayable on demand.

Included in other debtors is a loan from a company under the control of the director amounting to £43,540 (2022 - £66,435). The loan is interest free and repayable on demand.

 
9