Caseware UK (AP4) 2023.0.135 2023.0.135 2022-09-302022-09-30true2021-10-01falseNo description of principal activity00false 12591989 2021-10-01 2022-09-30 12591989 2020-10-01 2021-09-30 12591989 2022-09-30 12591989 2021-09-30 12591989 2020-10-01 12591989 c:Director1 2021-10-01 2022-09-30 12591989 c:Director2 2021-10-01 2022-09-30 12591989 c:RegisteredOffice 2021-10-01 2022-09-30 12591989 d:MotorVehicles 2021-10-01 2022-09-30 12591989 d:MotorVehicles 2022-09-30 12591989 d:MotorVehicles 2021-09-30 12591989 d:CurrentFinancialInstruments 2022-09-30 12591989 d:CurrentFinancialInstruments 2021-09-30 12591989 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 12591989 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 12591989 d:ShareCapital 2021-10-01 2022-09-30 12591989 d:ShareCapital 2022-09-30 12591989 d:ShareCapital 2020-10-01 2021-09-30 12591989 d:ShareCapital 2021-09-30 12591989 d:ShareCapital 2020-10-01 12591989 d:ForeignCurrencyTranslationReserve 2021-10-01 2022-09-30 12591989 d:ForeignCurrencyTranslationReserve 2022-09-30 12591989 d:ForeignCurrencyTranslationReserve 2020-10-01 2021-09-30 12591989 d:ForeignCurrencyTranslationReserve 2021-09-30 12591989 d:ForeignCurrencyTranslationReserve 2020-10-01 12591989 d:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 12591989 d:RetainedEarningsAccumulatedLosses 2022-09-30 12591989 d:RetainedEarningsAccumulatedLosses 2020-10-01 2021-09-30 12591989 d:RetainedEarningsAccumulatedLosses 2021-09-30 12591989 d:RetainedEarningsAccumulatedLosses 2020-10-01 12591989 c:FRS102 2021-10-01 2022-09-30 12591989 c:Audited 2021-10-01 2022-09-30 12591989 c:FullAccounts 2021-10-01 2022-09-30 12591989 c:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 12591989 d:WithinOneYear 2022-09-30 12591989 d:WithinOneYear 2021-09-30 12591989 d:BetweenOneFiveYears 2022-09-30 12591989 d:BetweenOneFiveYears 2021-09-30 12591989 c:SmallCompaniesRegimeForAccounts 2021-10-01 2022-09-30 12591989 e:PoundSterling 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure
Company registration number: 12591989







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2022


MARCUS EVANS EVENTS SPAIN LTD






































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MARCUS EVANS EVENTS SPAIN LTD
 


 
COMPANY INFORMATION


Directors
N R Walker 
S C King 




Registered number
12591989



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 EVENTS SPAIN LTD
 



CONTENTS



Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7

 


MARCUS EVANS EVENTS SPAIN LTD
REGISTERED NUMBER:12591989



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2022

2022
Unaudited 2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
33,067
-

  
33,067
-

Current assets
  

Debtors: amounts falling due within one year
 5 
205,813
100

Cash at bank and in hand
  
190,621
-

  
396,434
100

Creditors: amounts falling due within one year
 6 
(1,529,914)
-

Net current (liabilities)/assets
  
 
 
(1,133,480)
 
 
100

Total assets less current liabilities
  
(1,100,413)
100

  

Net (liabilities)/assets
  
(1,100,413)
100


Capital and reserves
  

Called up share capital 
  
100
100

Foreign exchange reserve
  
(45,440)
-

Profit and loss account
  
(1,055,073)
-

  
(1,100,413)
100


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: 




................................................
N R Walker
Director
Date: 7 October 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 


MARCUS EVANS EVENTS SPAIN 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


Other comprehensive income for the year
-
-
-
-



At 1 October 2021
100
-
-
100


Comprehensive income for the year

Loss for the year

-
-
(1,055,073)
(1,055,073)

Currency translation differences
-
(45,440)
-
(45,440)


Other comprehensive income for the year
-
(45,440)
-
(45,440)


At 30 September 2022
100
(45,440)
(1,055,073)
(1,100,413)


The notes on pages 3 to 7 form part of these financial statements.
Page 2

 


MARCUS EVANS EVENTS SPAIN LTD
 


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

1.


General information

Marcus Evans Events Spain Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is Magna House, 7th Floor, 3 Lower Thames Street, London, EC3R 6HE.
Its principal place of business is Edificio Iberia Mart II, Calle Orense 34, 1, Madrid, 28020.
The company commenced trading from November 2021.

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 £1,100,413, however within total liabilities of £1,529,914 there are intercompany creditors of £1,047,202.
Marcus Evans Holdings (IOM) Ltd has confirmed that currently, as a major creditor of the UK company, it will not demand repayment of the amounts outstanding until such a time that the Company is able to make repayments without having a detrimental impact on the Company. The period for not demanding payment is at least 12 months from the date of signing these financial statements.
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.
Considering the above and despite the strong cash position of the Marcus Evans Group, that makes it possible, at the holding company’s discretion, to make funding available from within the group to pay short term creditors as well as salaries for a period of at least 12 months from the date of approval of these financial statements the current financial performance indicates that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern in the foreseeable future as this may depend on the speed of an improvement in the entity's results.
Having considered the foregoing, 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. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 3

 


MARCUS EVANS EVENTS SPAIN LTD
 


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

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional currency is the Euro, being the currency of the primary economic environment in which the company operates. The company's 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.

 
2.4

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.

 
2.5

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

Event related expenses

Directly attributable event expenses are recognised in the year in which the event has been completed. Expenses that relate to an event taking place in a subsequent financial year but not paid prior to the year end are recorded as prepayments in the statement of financial position.

 
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.

Page 4

 


MARCUS EVANS EVENTS SPAIN LTD
 


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

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

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
-
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.

 
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 monthly number of employees during the year was 29 (2021 - 0).


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


Additions
33,067



At 30 September 2022

33,067






Net book value



At 30 September 2022
33,067



At 30 September 2021
-
Page 5

 


MARCUS EVANS EVENTS SPAIN LTD
 


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

5.


Debtors

2022
Unaudited 2021
£
£


Trade debtors
65,951
-

Other debtors
82,070
-

Called up share capital not paid
100
100

Prepayments and accrued income
57,692
-

205,813
100



6.


Creditors: Amounts falling due within one year

2022
Unaudited 2021
£
£

Trade creditors
36,169
-

Amounts owed to group undertakings
1,047,202
-

Other taxation and social security
111,895
-

Other creditors
107,329
-

Accruals and deferred income
227,319
-

1,529,914
-



7.


Commitments under operating leases

At 30 September 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
Unaudited restated 2021
£
£


Not later than 1 year
95,023
43,686

Later than 1 year and not later than 5 years
5,188
32,765

100,211
76,451

A restatement of the commitment level for the year ended 30 September 2021 is reflected above. A lease commitment was transferred to the entity from June 2021 but was erroneously omitted in the prior year financial statements in entirety. 

Page 6

 


MARCUS EVANS EVENTS SPAIN LTD
 


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

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 7 October 2024 by Andrew Cook FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 7