Caseware UK (AP4) 2023.0.135 2023.0.135 falseNo description of principal activity2023-04-013431truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07161403 2023-04-01 2024-03-31 07161403 2024-03-31 07161403 2022-04-01 2023-03-31 07161403 2023-03-31 07161403 c:Director1 2023-04-01 2024-03-31 07161403 c:Director2 2023-04-01 2024-03-31 07161403 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 07161403 d:Buildings d:LongLeaseholdAssets 2024-03-31 07161403 d:Buildings d:LongLeaseholdAssets 2023-03-31 07161403 d:MotorVehicles 2023-04-01 2024-03-31 07161403 d:MotorVehicles 2024-03-31 07161403 d:MotorVehicles 2023-03-31 07161403 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07161403 d:FurnitureFittings 2023-04-01 2024-03-31 07161403 d:FurnitureFittings 2024-03-31 07161403 d:FurnitureFittings 2023-03-31 07161403 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07161403 d:OfficeEquipment 2023-04-01 2024-03-31 07161403 d:OfficeEquipment 2024-03-31 07161403 d:OfficeEquipment 2023-03-31 07161403 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07161403 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07161403 d:CurrentFinancialInstruments 2024-03-31 07161403 d:CurrentFinancialInstruments 2023-03-31 07161403 d:Non-currentFinancialInstruments 2024-03-31 07161403 d:Non-currentFinancialInstruments 2023-03-31 07161403 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07161403 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07161403 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07161403 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07161403 d:ShareCapital 2024-03-31 07161403 d:ShareCapital 2023-03-31 07161403 d:RetainedEarningsAccumulatedLosses 2024-03-31 07161403 d:RetainedEarningsAccumulatedLosses 2023-03-31 07161403 c:FRS102 2023-04-01 2024-03-31 07161403 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07161403 c:FullAccounts 2023-04-01 2024-03-31 07161403 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07161403 d:WithinOneYear 2024-03-31 07161403 d:WithinOneYear 2023-03-31 07161403 d:BetweenOneFiveYears 2024-03-31 07161403 d:BetweenOneFiveYears 2023-03-31 07161403 d:MoreThanFiveYears 2024-03-31 07161403 d:MoreThanFiveYears 2023-03-31 07161403 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 07161403













Partypods Ltd

Financial statements
Information for filing with the registrar

31 March 2024




 
Partypods Ltd


Balance sheet
At 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
88,425
124,866

  
88,425
124,866

Current assets
  

Stocks
  
26,729
24,615

Debtors
 5 
134,489
185,891

Cash at bank and in hand
  
411,572
329,161

  
572,790
539,667

Creditors: amounts falling due within one year
 6 
(395,128)
(352,904)

Net current assets
  
 
 
177,662
 
 
186,763

Total assets less current liabilities
  
266,087
311,629

Creditors: amounts falling due after more than one year
 7 
(137,915)
(290,128)

Provisions for liabilities
  

Deferred tax
  
-
(8,998)

  
 
 
-
 
 
(8,998)

Net assets
  
128,172
12,503


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
128,072
12,403

Shareholders' funds
  
128,172
12,503


1

 
Partypods Ltd

    
Balance sheet (continued)
At 31 March 2024

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 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 on 16 October 2024.




A J Pallister
R Kaigg
Director
Director

Company registered number: 07161403
The notes on pages 3 to 8 form part of these financial statements. 
2

 
Partypods Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 31 Groat Market, Newcastle upon Tyne, Tyne and Wear, England, NE1 1UQ. 

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover represents amounts receivable for goods and services provided during the year, stated net of value added tax.

 
2.3

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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.

3

 
Partypods Ltd
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)

 
2.7

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.

 
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 below rates.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
straight line
Motor vehicles
-
20%
reducing balance
Fixtures and fittings
-
20%
reducing balance
Office equipment
-
20%
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.

4

 
Partypods Ltd
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

 
2.10

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.

 
2.11

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 34 (2023 - 31).

5

 
Partypods Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

4.


Tangible fixed assets





Long-term leasehold property
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost 


At 1 April 2023
118,562
28,950
347,524
26,700
521,736


Additions
-
-
39,362
4,827
44,189


Disposals
-
-
(128,838)
-
(128,838)



At 31 March 2024

118,562
28,950
258,048
31,527
437,087



Depreciation


At 1 April 2023
103,504
23,081
251,178
19,107
396,870


Charge for the year
1,987
1,174
22,983
2,609
28,753


Disposals
-
-
(76,961)
-
(76,961)



At 31 March 2024

105,491
24,255
197,200
21,716
348,662



Net book value



At 31 March 2024
13,071
4,695
60,848
9,811
88,425



At 31 March 2023
15,058
5,869
96,346
7,593
124,866


5.


Debtors

2024
2023
£
£


Amounts owed by related parties
27,472
162,576

Other debtors
35,000
-

Prepayments and accrued income
66,710
23,315

Deferred taxation
5,307
-

134,489
185,891


6

 
Partypods Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

6.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
-
90,401

Trade creditors
89,850
24,047

Corporation tax
113,960
92,676

Other taxation and social security
175,887
140,401

Other creditors
9,954
614

Accruals and deferred income
5,477
4,765

395,128
352,904


The bank loan is secured by a fixed and floating charge over the assets of the company. 


7.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
153,437

Other loans
137,915
136,691

137,915
290,128



8.


Commitments under operating leases

At 31 March 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
80,000
80,000

Later than 1 year and not later than 5 years
400,000
400,000

Later than 5 years
453,333
533,333

933,333
1,013,333

7

 
Partypods Ltd
 
 

Notes to the financial statements
Year ended 31 March 2024

9.


Related party transactions

During the year the loan between the company and Joestaverns Ltd remained the same, a company related due to common shareholdings and directors. At the year end the amount owed to the company was £27,472 (2023:  £27,472). 
During the year the company wrote off the loan to Joespubs Ltd, a company related due to common shareholdings and directors. At the year end the amount owed to the company was £Nil (2023: £135,104).

 
8