Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-314false32023-04-01falseNo description of principal activitytruefalse 08508897 2023-04-01 2023-12-31 08508897 2022-04-01 2023-03-31 08508897 2023-12-31 08508897 2023-03-31 08508897 c:Director1 2023-04-01 2023-12-31 08508897 d:MotorVehicles 2023-04-01 2023-12-31 08508897 d:MotorVehicles 2023-12-31 08508897 d:MotorVehicles 2023-03-31 08508897 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2023-12-31 08508897 d:FurnitureFittings 2023-04-01 2023-12-31 08508897 d:FurnitureFittings 2023-12-31 08508897 d:FurnitureFittings 2023-03-31 08508897 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2023-12-31 08508897 d:ComputerEquipment 2023-04-01 2023-12-31 08508897 d:ComputerEquipment 2023-12-31 08508897 d:ComputerEquipment 2023-03-31 08508897 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2023-12-31 08508897 d:OwnedOrFreeholdAssets 2023-04-01 2023-12-31 08508897 d:CurrentFinancialInstruments 2023-12-31 08508897 d:CurrentFinancialInstruments 2023-03-31 08508897 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08508897 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08508897 d:ShareCapital 2023-12-31 08508897 d:ShareCapital 2023-03-31 08508897 d:RetainedEarningsAccumulatedLosses 2023-12-31 08508897 d:RetainedEarningsAccumulatedLosses 2023-03-31 08508897 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 08508897 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 08508897 c:FRS102 2023-04-01 2023-12-31 08508897 c:Audited 2023-04-01 2023-12-31 08508897 c:FullAccounts 2023-04-01 2023-12-31 08508897 c:PrivateLimitedCompanyLtd 2023-04-01 2023-12-31 08508897 c:SmallCompaniesRegimeForAccounts 2023-04-01 2023-12-31 08508897 4 2023-04-01 2023-12-31 08508897 e:PoundSterling 2023-04-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 08508897









ROOMS AND STUDIOS MANAGEMENT LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
ROOMS AND STUDIOS MANAGEMENT LIMITED
REGISTERED NUMBER: 08508897

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

31 December
31 March
2023
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
66,194
53,791

  
66,194
53,791

Current assets
  

Debtors: amounts falling due within one year
 5 
2,068,199
1,881,781

Cash at bank and in hand
 6 
262,308
396,199

  
2,330,507
2,277,980

Creditors: amounts falling due within one year
 7 
(3,262,506)
(2,785,001)

Net current liabilities
  
 
 
(931,999)
 
 
(507,021)

Total assets less current liabilities
  
(865,805)
(453,230)

Provisions for liabilities
  

Deferred tax
  
(6,452)
(6,452)

  
 
 
(6,452)
 
 
(6,452)

Net liabilities
  
(872,257)
(459,682)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(872,259)
(459,684)

  
(872,257)
(459,682)


Page 1

 
ROOMS AND STUDIOS MANAGEMENT LIMITED
REGISTERED NUMBER: 08508897
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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: 




B Edgar
Director

Date: 28 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ROOMS AND STUDIOS MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Rooms and Studios Management Limited is a private company, limited by shares and incorporated in England & Wales (registered number: 08508897). The registered office address and principal place of business address is 73 Maygrove Road, London, England, NW6 2EG.
The financial statements are presented in GBP, which is the functional currency of the company.

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 financial statements have been prepared on the going concern basis. The company is dependent on the directors and shareholders for financial support, which the directors are confident will continue for a period of at least another 12 months following the approval of these financial statements.
As at 31 December 2023, the company had net liabilities of £872,257. The directors and shareholders have indicated their present intention to provide adequate finance to enable the company to continue in operational existence, and on this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.
The financial statements do not reflect any adjustments that would result from a withdrawal of financial support by the directors and shareholders.

 
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 3

 
ROOMS AND STUDIOS MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period 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 reporting 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 reporting 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 reporting date.


 
2.5

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.6

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

 
ROOMS AND STUDIOS MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Computer 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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2023 - 4).

Page 5

 
ROOMS AND STUDIOS MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets







Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
57,569
211,729
-
269,298


Additions
-
-
26,457
26,457



At 31 December 2023

57,569
211,729
26,457
295,755



Depreciation


At 1 April 2023
40,670
174,837
-
215,507


Charge for the period on owned assets
3,168
6,917
3,969
14,054



At 31 December 2023

43,838
181,754
3,969
229,561



Net book value



At 31 December 2023
13,731
29,975
22,488
66,194



At 31 March 2023
16,899
36,892
-
53,791

Page 6

 
ROOMS AND STUDIOS MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Debtors

31 December
31 March
2023
2023
£
£


Trade debtors
166,205
-

Amounts owed by group undertakings
1,673,412
1,706,297

Other debtors
213,807
175,484

Prepayments and accrued income
14,775
-

2,068,199
1,881,781



6.


Cash and cash equivalents

31 December
31 March
2023
2023
£
£

Cash at bank and in hand
262,308
396,199

262,308
396,199



7.


Creditors: Amounts falling due within one year

31 December
31 March
2023
2023
£
£

Trade creditors
93,981
64,903

Amounts owed to group undertakings
2,854,013
650,048

Corporation tax
11,729
-

Other taxation and social security
5,199
-

Other creditors
42,833
52,493

Accruals and deferred income
254,751
2,017,557

3,262,506
2,785,001


Page 7

 
ROOMS AND STUDIOS MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Deferred taxation






2023


£






At beginning of year
(6,452)



At end of year
(6,452)

The provision for deferred taxation is made up as follows:

31 December
31 March
2023
2023
£
£


Tax losses carried forward
(6,452)
(6,452)

(6,452)
(6,452)


9.


Controlling party

The immediate parent company is Interland Residential Properties Limited, a company registered in England and Wales.


10.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2023 was unqualified.

The audit report was signed on 28 November 2024 by Nicholas Newman (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

 
Page 8