Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activity87truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12578973 2023-01-01 2023-12-31 12578973 2022-01-01 2022-12-31 12578973 2023-12-31 12578973 2022-12-31 12578973 c:Director1 2023-01-01 2023-12-31 12578973 d:OfficeEquipment 2023-01-01 2023-12-31 12578973 d:OfficeEquipment 2023-12-31 12578973 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12578973 d:CurrentFinancialInstruments 2023-12-31 12578973 d:CurrentFinancialInstruments 2022-12-31 12578973 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12578973 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12578973 d:ShareCapital 2023-12-31 12578973 d:ShareCapital 2022-12-31 12578973 d:SharePremium 2023-12-31 12578973 d:SharePremium 2022-12-31 12578973 d:RetainedEarningsAccumulatedLosses 2023-12-31 12578973 d:RetainedEarningsAccumulatedLosses 2022-12-31 12578973 c:FRS102 2023-01-01 2023-12-31 12578973 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12578973 c:FullAccounts 2023-01-01 2023-12-31 12578973 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12578973 2 2023-01-01 2023-12-31 12578973 6 2023-01-01 2023-12-31 12578973 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 12578973


RIVER MEDIA PARTNERS LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 DECEMBER 2023

  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RIVER MEDIA PARTNERS LIMITED
FOR THE PERIOD ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of River Media Partners Limited for the period ended 31 December 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of River Media Partners Limited, as a body, in accordance with the terms of our engagement letter dated 15 March 2021Our work has been undertaken solely to prepare for your approval the financial statements of River Media Partners Limited and state those matters that we have agreed to state to the Board of Directors of River Media Partners Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than River Media Partners Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that River Media Partners Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of River Media Partners Limited. You consider that River Media Partners Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of River Media Partners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Ashings Limited
 
Chartered Accountants
  
Northside House
Mount Pleasant
Cockfosters
Herts
EN4 9EB
26 September 2024
Page 1


BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
813
-

Investments
 5 
1
-

  
814
-

Current assets
  

Debtors: amounts falling due within one year
 6 
117,227
481,921

Cash at bank and in hand
 7 
190,123
103,197

  
307,350
585,118

Creditors: amounts falling due within one year
 8 
(97,761)
(490,617)

Net current assets
  
 
 
209,589
 
 
94,501

Total assets less current liabilities
  
210,403
94,501

  

Net assets
  
210,403
94,501


Capital and reserves
  

Called up share capital 
  
122
122

Share premium account
  
300,897
300,897

Profit and loss account
  
(90,616)
(206,518)

  
210,403
94,501


Page 2


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 period 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 income and retained earnings 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 26 September 2024.




................................................
Ben Nicholas
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3


1.


General information

The company is a private company limited by shares, registered in England and Wales.The address of the registered office is Suite 2a1, Northside House, Mount pleasant, Barnet, United Kindom, EN4 9EB.
Company was incorporated on 29 April 2020.

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

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
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, 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.

Page 4

 
2.4

Interest income

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

 
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

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

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:

Office equipment
-
25%

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less 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

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 8 (2022 - 7).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,062



At 31 December 2023

1,062



Depreciation


Charge for the period on owned assets
249



At 31 December 2023

249



Net book value



At 31 December 2023
813


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
1



At 31 December 2023
1





6.


Debtors

2023
2022
£
£


Trade debtors
99,597
465,475

Amounts owed by group undertakings
499
499

Prepayments and accrued income
17,131
15,947
Page 6


6.Debtors (continued)


117,227
481,921



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
190,123
103,197

190,123
103,197



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,389
73,924

Other taxation and social security
84,344
102,510

Other creditors
1,221
4,746

Accruals and deferred income
6,807
309,437

97,761
490,617



9.


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 £1,021 (2022 - £4,746) . Contributions totalling £1,021 (2022 - £4,746) were payable to the fund at the balance sheet date and are included in creditors.


10.


Controlling party

The directors do not regard the company as being under the control of any one person or entity.


Page 7