Caseware UK (AP4) 2024.0.164 2024.0.164 2023-12-312023-12-312023-01-01false1515truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05401243 2023-01-01 2023-12-31 05401243 2023-12-31 05401243 2022-01-01 2022-12-31 05401243 2022-12-31 05401243 c:Director1 2023-01-01 2023-12-31 05401243 d:OfficeEquipment 2023-01-01 2023-12-31 05401243 d:OfficeEquipment 2023-12-31 05401243 d:OfficeEquipment 2022-12-31 05401243 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05401243 d:ComputerEquipment 2023-01-01 2023-12-31 05401243 d:ComputerEquipment 2023-12-31 05401243 d:ComputerEquipment 2022-12-31 05401243 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05401243 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05401243 d:CurrentFinancialInstruments 2023-12-31 05401243 d:CurrentFinancialInstruments 2022-12-31 05401243 d:Non-currentFinancialInstruments 2023-12-31 05401243 d:Non-currentFinancialInstruments 2022-12-31 05401243 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05401243 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05401243 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05401243 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 05401243 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 05401243 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 05401243 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 05401243 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 05401243 d:ShareCapital 2023-12-31 05401243 d:ShareCapital 2022-12-31 05401243 d:RetainedEarningsAccumulatedLosses 2023-12-31 05401243 d:RetainedEarningsAccumulatedLosses 2022-12-31 05401243 c:FRS102 2023-01-01 2023-12-31 05401243 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05401243 c:FullAccounts 2023-01-01 2023-12-31 05401243 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05401243 2 2023-01-01 2023-12-31 05401243 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 05401243


VIVA 2023 LTD (PREVIOUSLY PUBLIC POLICY PROJECTS LTD)








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
VIVA 2023 LTD
REGISTERED NUMBER: 05401243

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
9,925

  
-
9,925

Current assets
  

Debtors: amounts falling due within one year
 5 
815,391
767,301

Cash at bank and in hand
 6 
1
-

  
815,392
767,301

Creditors: amounts falling due within one year
 7 
(1,066,642)
(1,170,678)

Net current liabilities
  
 
 
(251,250)
 
 
(403,377)

Total assets less current liabilities
  
(251,250)
(393,452)

Creditors: amounts falling due after more than one year
 8 
(15,834)
(25,833)

  

Net liabilities
  
(267,084)
(419,285)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(267,184)
(419,385)

  
(267,084)
(419,285)


Page 1

 
VIVA 2023 LTD
REGISTERED NUMBER: 05401243
    
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 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 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 by: 




................................................
Stephen James Dorrell
Director

Date: 5 March 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
VIVA 2023 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Viva 2023 Ltd (Formerly Public Policy Projects Ltd), registered number 05401243, is a limited company incorporated in England and Wales. Its registered office is 1 Vincent Square, London, SW1P 2PN, and is a company limited by shares.

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

Viva 2023 Ltd have entered into a voluntary arrangement which took effect on 22 January 2024. The directors have discussed in detail, and believe that is it appropriate to prepare the financial statements on the going concern basis, which assumes that the company will continue in operational
existence for the foreseeable future. 
The directors have reviewed their obligations under the voluntary arrangement as well as budgets and forecasts for a period of 12 months from approval of the accounts and it is of their opinion that the company can continue as a going concern for the foreseeable future.

 
2.3

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'.

Page 3

 
VIVA 2023 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
VIVA 2023 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Pensions

Defined contribution pension plan

The Company contributes into 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.

 
2.10

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.

 
2.11

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
-
33%
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.

 
2.12

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.

Page 5

 
VIVA 2023 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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 year was 15 (2022 - 15).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£





At 1 January 2023
2,770
20,315
23,085


Additions
178
1,362
1,540


Disposals
(2,948)
(21,677)
(24,625)



At 31 December 2023

-
-
-





At 1 January 2023
834
12,326
13,160


Charge for the year on owned assets
840
4,728
5,568


Disposals
(1,674)
(17,054)
(18,728)



At 31 December 2023

-
-
-



Net book value



At 31 December 2023
-
-
-



At 31 December 2022
1,936
7,989
9,925

Page 6

 
VIVA 2023 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
7,284
79,500

Amounts owed by group undertakings
706,653
682,987

Other debtors
18,197
-

Prepayments and accrued income
83,257
4,814

815,391
767,301


Included within other debtors due within one year are loans to the following directors :
A loan to Stephen Dorrell amounting to £5,907 was made during the year. This is repayable on demand and no interest has been charged.

A loan to Christopher Barratt amounting to £969 was made during the year. This is repayable on demand and no interest has been charged.


6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1
-

Less: bank overdrafts
(931)
(9,714)

(930)
(9,714)


Page 7

 
VIVA 2023 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
931
9,714

Bank loans
10,000
10,000

Trade creditors
145,872
180,861

Amounts owed to group undertakings
29,491
86,878

Corporation tax
2,321
-

Other taxation and social security
874,697
607,389

Other creditors
330
50,336

Accruals and deferred income
3,000
225,500

1,066,642
1,170,678


Details of security provided:
A further Registration of a Charge was agreed on the 20 December 2019, between Public Policy Projects Ltd and Ultimate Finance Limited. The Lender (Ultimate Finance Limited) agreed to provide the Company with debt factoring facilities on a secured basis. This charge has been satisfied on 4 April 2023.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,834
25,833

15,834
25,833


Page 8

 
VIVA 2023 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
5,834
15,833


5,834
15,833


25,834
35,833



10.


Pension commitments

The Company contributes into 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 £13,285 (2022: £11,215) .
Contributions totaling £277 (2022: £1,960) were payable to the fund at the reporting date and are included in creditors.

Page 9

 
VIVA 2023 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Related party transactions




2023
2022
£
£

Amounts owed to a fellow subsidiary company
18,451
86,878
Amounts owed to a company under common control
11,040
-
Amounts owed from a parent company
706,653
633,575
Amounts owed from a fellow subsidiary company
-
49,412
736,144
769,865


12.


Controlling party

The ultimate controlling party is Global Insight Holdings Ltd by virtue of its shareholding.

 
Page 10