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Registered number: 11492596









4C MEDIA LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
4C MEDIA LIMITED
 
 
COMPANY INFORMATION


Directors
C Ducker 
E Ducker 




Registered number
11492596



Registered office
Cambridge House
Camboro Business Park

Girton

Cambridge

England

CB3 0QH




Accountants
Lakin Rose Limited
Chartered Accountants

Cambridge House

Camboro Business Park

Girton

Cambridge

Cambridgeshire

CB3 0QH





 
4C MEDIA LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 9


 
4C MEDIA LIMITED
REGISTERED NUMBER: 11492596

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
                                                                            Note
£
£

Fixed assets
  

Intangible assets
 4 
1,678,229
2,097,787

Tangible assets
 5 
5,659
4,129

  
1,683,888
2,101,916

Current assets
  

Debtors: amounts falling due after more than one year
 6 
-
1

Debtors: amounts falling due within one year
 6 
21,026
13,087

Cash at bank and in hand
 7 
61,976
75,330

  
83,002
88,418

Creditors: amounts falling due within one year
 8 
(3,619,821)
(3,682,303)

Net current liabilities
  
 
 
(3,536,819)
 
 
(3,593,885)

Total assets less current liabilities
  
(1,852,931)
(1,491,969)

Provisions for liabilities
  

Deferred tax
  
(1,397)
(771)

  
 
 
(1,397)
 
 
(771)

Net liabilities
  
(1,854,328)
(1,492,740)


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
(1,854,330)
(1,492,742)

  
(1,854,328)
(1,492,740)


Page 1

 
4C MEDIA LIMITED
REGISTERED NUMBER: 11492596
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 profit and loss account 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 28 February 2025.



C Ducker
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
4C MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

4C Media Limited is a private limited company limited by shares and is incorporated in England and Wales. The address of its registered office is Cambridge House, Camboro Business Park, Girton, Cambridge, Cambridgeshire, CB3 0QH.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue as a going concern for the forseeable future. The validity of this assumption depends on the directors continuing to provide adquate financial support and by not seeking repayment of the amounts owed to them. The directors have indicated that they will provide such support and accordingly they believe it appropriate to prepare the financial statements on the going concern basis. 

 
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.

Page 3

 
4C MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

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

Interest income

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

 
2.6

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.

 
2.7

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.

Page 4

 
4C MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year 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 balance sheet 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 balance sheet 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 balance sheet date.


 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the profit and loss account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

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

 
4C MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.10
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:

Office equipment
-
25%

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.

 
2.11

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.

 
2.12

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

2024
2023
£
£

Wages and salaries
56,786
45,552

Social security costs
-
1,014

Cost of defined contribution scheme
60,882
60,796

117,668
107,362


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

Page 6

 
4C MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 August 2023
4,195,576



At 31 July 2024

4,195,576



Amortisation


At 1 August 2023
2,097,789


Charge for the year on owned assets
419,558



At 31 July 2024

2,517,347



Net book value



At 31 July 2024
1,678,229



At 31 July 2023
2,097,787



Page 7

 
4C MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 August 2023
12,186


Additions
4,670



At 31 July 2024

16,856



Depreciation


At 1 August 2023
8,057


Charge for the year on owned assets
3,140



At 31 July 2024

11,197



Net book value



At 31 July 2024
5,659



At 31 July 2023
4,129


6.


Debtors

2024
2023
£
£


Trade debtors
-
1,450

Other debtors
6,421
11,499

Prepayments and accrued income
14,605
138

21,026
13,087



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
61,976
75,330

61,976
75,330


Page 8

 
4C MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,254
117

Corporation tax
18,568
22,354

Other taxation and social security
6,763
6,292

Other creditors
3,564,096
3,652,100

Accruals and deferred income
24,140
1,440

3,619,821
3,682,303



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary share shares of £1.00 each
2
2



10.


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 £60,882 (2023 - £60,795). Contributions totalling £187 (2023 - £187) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

At the balance sheet date, the company owed £ 3,562,498 (2023  £ 3,651,357) to the directors of the company.  The loan is unsecured, interest free and repayable on demand.

 
Page 9