Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09502428 2023-04-01 2024-03-31 09502428 2022-04-01 2023-03-31 09502428 2024-03-31 09502428 2023-03-31 09502428 2022-04-01 09502428 c:Director1 2023-04-01 2024-03-31 09502428 d:FurnitureFittings 2023-04-01 2024-03-31 09502428 d:FurnitureFittings 2024-03-31 09502428 d:FurnitureFittings 2023-03-31 09502428 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09502428 d:ComputerEquipment 2023-04-01 2024-03-31 09502428 d:ComputerEquipment 2024-03-31 09502428 d:ComputerEquipment 2023-03-31 09502428 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09502428 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09502428 d:CurrentFinancialInstruments 2024-03-31 09502428 d:CurrentFinancialInstruments 2023-03-31 09502428 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09502428 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09502428 d:UKTax 2023-04-01 2024-03-31 09502428 d:UKTax 2022-04-01 2023-03-31 09502428 d:ShareCapital 2024-03-31 09502428 d:ShareCapital 2023-03-31 09502428 d:ShareCapital 2022-04-01 09502428 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09502428 d:RetainedEarningsAccumulatedLosses 2024-03-31 09502428 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 09502428 d:RetainedEarningsAccumulatedLosses 2023-03-31 09502428 d:RetainedEarningsAccumulatedLosses 2022-04-01 09502428 c:FRS102 2023-04-01 2024-03-31 09502428 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09502428 c:FullAccounts 2023-04-01 2024-03-31 09502428 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09502428 2 2023-04-01 2024-03-31 09502428 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 09502428













OPEN FORUM LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024


 
OPEN FORUM LIMITED
 

 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OPEN FORUM LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Open Forum Limited for the year ended 31 March 2024 which comprise the Balance Sheet, the Statement of Changes in Equity 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 director of Open Forum Limited in accordance with the terms of our engagement letter dated 2 April 2015Our work has been undertaken solely to prepare for your approval the financial statements of Open Forum Limited and state those matters that we have agreed to state to the director of Open Forum Limited 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 Open Forum Limited and its director for our work or for this report. 

It is your duty to ensure that Open Forum 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 Open Forum Limited. You consider that Open Forum Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Open Forum 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.

  



Warrener Stewart
 
Chartered Accountants
  
Harwood House
43 Harwood Road
London
SW6 4QP
18 December 2024
Page 1


 
OPEN FORUM LIMITED
REGISTERED NUMBER:09502428


BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
252
1,125

  
252
1,125

Current assets
  

Debtors: amounts falling due within one year
 6 
17,509
-

Cash at bank and in hand
 7 
154,915
143,227

  
172,424
143,227

Creditors: amounts falling due within one year
 8 
(31,894)
(33,151)

Net current assets
  
 
 
140,530
 
 
110,076

  

Net assets
  
140,782
111,201


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
140,682
111,101

  
140,782
111,201


The director considers 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 director acknowledges his 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 by: 




Page 2


 
OPEN FORUM LIMITED
REGISTERED NUMBER:09502428

    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

J E Rice
Director

Date: 18 December 2024

The notes on pages 5 to 9 form part of these financial statements.

Page 3


 
OPEN FORUM LIMITED
 


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2022
100
31,678
31,778


Comprehensive income for the year

Profit for the year
-
135,473
135,473


Contributions by and distributions to owners

Dividends: Equity capital
-
(56,050)
(56,050)



At 1 April 2023
100
111,101
111,201


Comprehensive income for the year

Profit for the year
-
96,581
96,581


Contributions by and distributions to owners

Dividends: Equity capital
-
(67,000)
(67,000)


At 31 March 2024
100
140,682
140,782


The notes on pages 5 to 9 form part of these financial statements.

Page 4


 
OPEN FORUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Open Forum Limited is a company incorporated in England.  The registered address is Harwood House, 43 Harwood Road, London, SW6 4QP.  
The principal activity of the company is the provision of trianing and consultancy services.

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 5


 
OPEN FORUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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%
per annum on cost
Computer equipment
-
25%
per annum on cost

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.

 
2.7

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.

Page 6


 
OPEN FORUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Interest income

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

 
2.10

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 1 (2023 - 1).


4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
30,137
31,771

Adjustments in respect of previous periods
(14)
-



Taxation on profit on ordinary activities
30,123
31,771

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  23.56% (2023 - 19%).


Page 7


 
OPEN FORUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
504
3,523
4,027



At 31 March 2024

504
3,523
4,027



Depreciation


At 1 April 2023
126
2,776
2,902


Charge for the year on owned assets
126
747
873



At 31 March 2024

252
3,523
3,775



Net book value



At 31 March 2024
252
-
252



At 31 March 2023
378
747
1,125


6.


Debtors

2024
2023
£
£


Trade debtors
17,509
-



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
154,915
143,227


Page 8


 
OPEN FORUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
30,123
31,771

Accruals and deferred income
1,771
1,380

31,894
33,151



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 £160,000 (2022 - £NIL) . Contributions totalling £NIL (2022 - £NIL) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9