Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-301false2023-01-01falseNo description of principal activity0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13721366 2023-01-01 2024-06-30 13721366 2022-01-01 2022-12-31 13721366 2024-06-30 13721366 2022-12-31 13721366 c:Director1 2023-01-01 2024-06-30 13721366 d:OfficeEquipment 2023-01-01 2024-06-30 13721366 d:OfficeEquipment 2024-06-30 13721366 d:OfficeEquipment 2022-12-31 13721366 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2024-06-30 13721366 d:OtherPropertyPlantEquipment 2023-01-01 2024-06-30 13721366 d:OtherPropertyPlantEquipment 2024-06-30 13721366 d:OtherPropertyPlantEquipment 2022-12-31 13721366 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2024-06-30 13721366 d:OwnedOrFreeholdAssets 2023-01-01 2024-06-30 13721366 d:CurrentFinancialInstruments 2024-06-30 13721366 d:CurrentFinancialInstruments 2022-12-31 13721366 d:Non-currentFinancialInstruments 2024-06-30 13721366 d:Non-currentFinancialInstruments 2022-12-31 13721366 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 13721366 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13721366 d:ShareCapital 2024-06-30 13721366 d:ShareCapital 2022-12-31 13721366 d:RetainedEarningsAccumulatedLosses 2024-06-30 13721366 d:RetainedEarningsAccumulatedLosses 2022-12-31 13721366 c:OrdinaryShareClass1 2023-01-01 2024-06-30 13721366 c:OrdinaryShareClass1 2024-06-30 13721366 c:FRS102 2023-01-01 2024-06-30 13721366 c:AuditExempt-NoAccountantsReport 2023-01-01 2024-06-30 13721366 c:FullAccounts 2023-01-01 2024-06-30 13721366 c:PrivateLimitedCompanyLtd 2023-01-01 2024-06-30 13721366 2 2023-01-01 2024-06-30 13721366 e:PoundSterling 2023-01-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13721366


 

DTD LIVE LTD
 
UNAUDITED
 
ANNUAL REPORT
 
FOR THE PERIOD ENDED 30 JUNE 2024

 
DTD LIVE LTD
REGISTERED NUMBER: 13721366

BALANCE SHEET
AS AT 30 JUNE 2024

30 June
31 December
2024
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
31,920
9,605

Current assets
  

Debtors: amounts falling due after more than one year
 4 
312,974
-

Debtors: amounts falling due within one year
 4 
4,738
2,458,754

Cash at bank and in hand
  
122,521
3,055,299

  
440,233
5,514,053

Creditors: amounts falling due within one year
 5 
(818,745)
(5,564,563)

Net current liabilities
  
 
 
(378,512)
 
 
(50,510)

  

Net liabilities
  
(346,592)
(40,905)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(346,692)
(41,005)

  
(346,592)
(40,905)


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 period 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 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 on 14 March 2025.



N S Whiten
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
DTD LIVE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

DTD Live Limited (''the company'') is a limited liability company, limited by shares, incorporated and domiciled in the United Kingdom. The address of its registered office is 15 Beck Street, Nottingham, England, NG1 1EQ.
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the 18 month period ended 30 June 2024 (2022: 13 month period ended 31 December 2022).

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounts 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:

 
1.2

Going concern

The company has received confirmation of continuing financial support from the ultimate controlling party, who confirm that they will provide sufficient funds for the company to meet its financial obligations for a period of at least twelve months from the date of these financial statements.

 
1.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
1.4

Interest income

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

Page 2

 
DTD LIVE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.Accounting policies (continued)

 
1.5

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 the profit and loss account 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.

 
1.6

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.

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:

General equipment
-
20%
straight line
Computer hardware
-
33%
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 the profit and loss account.

Page 3

 
DTD LIVE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.Accounting policies (continued)

 
1.7

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

 
1.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, and loans to from other third parties.
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.


2.


Employees

The average monthly number of employees, including directors, during the period was 11 (2022: 1).

Page 4

 
DTD LIVE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

3.


Tangible fixed assets







General equipment
Computer hardware
Total

£
£
£



Cost or valuation


At 1 January 2023
11,349
2,478
13,827


Additions
21,459
17,675
39,134


Disposals
(2,817)
-
(2,817)



At 30 June 2024

29,991
20,153
50,144



Depreciation


At 1 January 2023
3,602
620
4,222


Charge for the period
7,487
6,891
14,378


Disposals
(376)
-
(376)



At 30 June 2024

10,713
7,511
18,224



Net book value



At 30 June 2024
19,278
12,642
31,920



At 31 December 2022
7,747
1,858
9,605

Page 5

 
DTD LIVE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

4.


Debtors

30 June
31 December
2024
2022
£
£

Due after more than one year

Amounts owed by group undertakings
312,974
-


30 June
31 December
2024
2022
£
£

Due within one year

Trade debtors
-
452,571

Amounts owed by group undertakings
-
2,006,004

Called up share capital not paid
100
100

Prepayments and accrued income
4,638
79

4,738
2,458,754


All amounts owed by group undertakings are unsecured, interest free and have no fixed date of repayment.


5.


Creditors: Amounts falling due within one year

30 June
31 December
2024
2022
£
£

Trade creditors
8,814
176,660

Other taxation and social security
14,969
-

Other creditors
788,293
5,385,653

Accruals and deferred income
6,669
2,250

818,745
5,564,563



6.


Share capital

30 June
31 December
2024
2022
£
£
Authorised, alloted, called up and fully paid



100 Ordinary shares of £1 each
100
100


Page 6

 
DTD LIVE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

7.


Pension commitments

The company operates a defined contribution 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 £25,496 for the 18 month period ended 30 June 2024 (13 month period ended 31 December 2022: £Nil). Contributions totalling £2,190 (31 December 2022: £Nil) were payable to fund at the balance sheet date.


8.


Related party transactions

The company has taken advantage of the exemption conferred by FRS 102 section 33 'Related Party Disclosures' not to disclose transactions with companies within the group of which it is a member, where these transactions occur between entities which are 100% owned members of that group.
During the 18 month period ended 30 June 2024, the company made a charity donation of £7,930 (13 month period ended 31 December 2022: £Nil) to a company under common control.
At 30 June 2024, the company owed £10,590 (31 December 2022: £6,502) to a company under common control. This is recognised within other creditors.
All amounts owed to and by related party balances are interest free and are unsecured.


9.


Controlling party

The company's immediate and ultimate parent undertaking is DTD Leisure Limited, a company incorporated in the United Kingdom.
The ultimate controlling party is R T Yong.

Page 7