Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31No description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-01false22truetrue 09126030 2023-06-01 2024-05-31 09126030 2022-06-01 2023-05-31 09126030 2024-05-31 09126030 2023-05-31 09126030 c:Director2 2023-06-01 2024-05-31 09126030 d:FurnitureFittings 2023-06-01 2024-05-31 09126030 d:FurnitureFittings 2024-05-31 09126030 d:FurnitureFittings 2023-05-31 09126030 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09126030 d:ComputerEquipment 2023-06-01 2024-05-31 09126030 d:ComputerEquipment 2024-05-31 09126030 d:ComputerEquipment 2023-05-31 09126030 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09126030 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09126030 d:CurrentFinancialInstruments 2024-05-31 09126030 d:CurrentFinancialInstruments 2023-05-31 09126030 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 09126030 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09126030 d:ShareCapital 2024-05-31 09126030 d:ShareCapital 2023-05-31 09126030 d:CapitalRedemptionReserve 2024-05-31 09126030 d:CapitalRedemptionReserve 2023-05-31 09126030 d:RetainedEarningsAccumulatedLosses 2024-05-31 09126030 d:RetainedEarningsAccumulatedLosses 2023-05-31 09126030 c:FRS102 2023-06-01 2024-05-31 09126030 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09126030 c:FullAccounts 2023-06-01 2024-05-31 09126030 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09126030 2 2023-06-01 2024-05-31 09126030 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 09126030









SAVILE ROSE EVENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
SAVILE ROSE EVENTS LIMITED
REGISTERED NUMBER: 09126030

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,084
8,873

  
11,084
8,873

Current assets
  

Debtors: amounts falling due within one year
 5 
251,331
185,556

Cash at bank and in hand
 6 
198,420
191,501

  
449,751
377,057

Creditors: amounts falling due within one year
 7 
(190,834)
(127,528)

Net current assets
  
 
 
258,917
 
 
249,529

Total assets less current liabilities
  
270,001
258,402

  

Net assets
  
270,001
258,402


Capital and reserves
  

Called up share capital 
  
7
7

Capital redemption reserve
  
3
3

Profit and loss account
  
269,991
258,392

  
270,001
258,402


Page 1

 
SAVILE ROSE EVENTS LIMITED
REGISTERED NUMBER: 09126030
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 9 January 2025.




C Monahan
Director

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

Page 2

 
SAVILE ROSE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Savile Rose Events Limited is a private company limited by shares, incorporated in England & Wales (registered number: 09126030). 
The principal activity of the company continued to be that of event design services.
The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH, and the principal place of business is 10B Parsons Green, London, SW6 4TW. 
The financial statements are presented in Sterling, 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

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.

 
2.3

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 3

 
SAVILE ROSE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.3
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:

Fixtures and fittings
-
25%
Computer equipment
-
33%

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.

 
2.4

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.

Page 4

 
SAVILE ROSE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

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 comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Interest income

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

Page 5

 
SAVILE ROSE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.12

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
8,051
2,089
10,140


Additions
1,050
4,832
5,882



At 31 May 2024

9,101
6,921
16,022



Depreciation


At 1 June 2023
1,151
116
1,267


Charge for the year on owned assets
2,041
1,630
3,671



At 31 May 2024

3,192
1,746
4,938



Net book value



At 31 May 2024
5,909
5,175
11,084



At 31 May 2023
6,900
1,973
8,873

Page 6

 
SAVILE ROSE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
107,658
109,776

Other debtors
54,798
4,922

Prepayments and accrued income
88,875
70,858

251,331
185,556



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
198,420
191,501

198,420
191,501



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
66,393
25,385

Corporation tax
38,731
57,558

Other taxation and social security
7,477
30,198

Other creditors
59,483
10,387

Accruals and deferred income
18,750
4,000

190,834
127,528


 
Page 7