Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01false77truetrue 04615386 2023-03-01 2024-02-29 04615386 2022-03-01 2023-02-28 04615386 2024-02-29 04615386 2023-02-28 04615386 2022-03-01 04615386 c:Director4 2023-03-01 2024-02-29 04615386 d:CurrentFinancialInstruments 2024-02-29 04615386 d:CurrentFinancialInstruments 2023-02-28 04615386 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 04615386 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 04615386 d:ShareCapital 2024-02-29 04615386 d:ShareCapital 2023-02-28 04615386 d:ShareCapital 2022-03-01 04615386 d:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 04615386 d:RetainedEarningsAccumulatedLosses 2024-02-29 04615386 d:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 04615386 d:RetainedEarningsAccumulatedLosses 2023-02-28 04615386 d:RetainedEarningsAccumulatedLosses 2022-03-01 04615386 c:FRS102 2023-03-01 2024-02-29 04615386 c:Audited 2023-03-01 2024-02-29 04615386 c:FullAccounts 2023-03-01 2024-02-29 04615386 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04615386 c:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 04615386 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 04615386










REDACTIVE EVENTS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
REDACTIVE EVENTS LIMITED
REGISTERED NUMBER: 04615386

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
6,641,547
5,518,702

Cash at bank and in hand
 6 
284,678
290,113

  
6,926,225
5,808,815

Creditors: amounts falling due within one year
 7 
(6,891,874)
(5,792,286)

Net current assets
  
 
 
34,351
 
 
16,529

Total assets less current liabilities
  
34,351
16,529

  

Net assets
  
34,351
16,529


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
34,349
16,527

  
34,351
16,529


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 28 November 2024.




C Radcliffe
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 
REDACTIVE EVENTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 29 FEBRUARY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 March 2023
2
16,527
16,529



Profit for the year
-
167,822
167,822

Dividends: Equity capital
-
(150,000)
(150,000)


At 29 February 2024
2
34,349
34,351


The notes on pages 3 to 6 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 March 2022
2
119,671
119,673



Profit for the year
-
276,856
276,856

Dividends: Equity capital
-
(380,000)
(380,000)


At 28 February 2023
2
16,527
16,529


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
REDACTIVE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

The company is a private company limited by shares and is incorporated in England and Wales, registered number 04615386. The address of its registered office is 71-75 Shelton Street, London, WC2H 9JQ

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

Revenue

Revenue is recognised on the completion of the event. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Taxation

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Page 3

 
REDACTIVE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)


Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.8

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Page 4

 
REDACTIVE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
526,183
478,228

Amounts owed by group undertakings
5,529,840
4,495,308

Prepayments and accrued income
585,524
545,166

6,641,547
5,518,702



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
284,678
290,113

284,678
290,113



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
260,171
332,855

Amounts owed to group undertakings
4,816,261
4,140,366

Corporation tax
55,414
65,361

Other taxation and social security
162,222
49,443

Other creditors
58,384
37,332

Accruals and deferred income
1,539,422
1,166,929

6,891,874
5,792,286


Page 5

 
REDACTIVE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Related party transactions

The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.


9.


Controlling party

The immediate parent company during the year was Redactive Media Group Limited, a company incorporated in England. The ultimate parent company during the year was Redactive Media Group (Holdings) Limited, a company incorporated in England.
The group for which consolidated financial statements are prepared which include the results of this company is that headed by Redactive Media Group (Holdings) Limited, who's registered office is:
71-75 Shelton Street
 London
WC2H 9JQ


10.


Auditors' information

The auditors' report on the financial statements for the year ended 29 February 2024 was unqualified.

The audit report was signed on 28 November 2024 by Atulya Mehta FCCA (Senior statutory auditor) on behalf of Sumer Auditco Limited.

 
Page 6