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Registered number: 05237921









CENTRAL CITY TRAINING VENUES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
CENTRAL CITY TRAINING VENUES LTD
REGISTERED NUMBER: 05237921

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
44,148
125,996

  
44,148
125,996

Current assets
  

Stocks
  
2,232
2,903

Debtors: amounts falling due within one year
 5 
822,279
870,127

Cash at bank and in hand
 6 
1,226,851
1,287,841

  
2,051,362
2,160,871

Creditors: amounts falling due within one year
 7 
(1,452,082)
(1,641,652)

Net current assets
  
 
 
599,280
 
 
519,219

Total assets less current liabilities
  
643,428
645,215

Creditors: amounts falling due after more than one year
 8 
-
(41,891)

  

Net assets
  
643,428
603,324


Capital and reserves
  

Called up share capital 
 9 
510
360,210

Share premium account
  
29,790
29,790

Capital redemption reserve
  
359,700
-

Profit and loss account
  
253,428
213,324

  
643,428
603,324


Page 1

 
CENTRAL CITY TRAINING VENUES LTD
REGISTERED NUMBER: 05237921
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 by: 




C Bull
Director

Date: 21 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CENTRAL CITY TRAINING VENUES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Central City Training Venues Ltd is a private company limited by shares incorporated in England and Wales under the Companies Act 2006. The address of the registered office is given on the Company Information Page. The prinicipal activity of the Company is included in the Directors' Report.

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

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors have adopted the going concern basis of accounting in preparing the financial statements.

 
2.3

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.

 
2.4

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.

 
2.5

Interest income

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

Page 3

 
CENTRAL CITY TRAINING VENUES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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.

 
2.8

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.

 
2.9

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:

Land and buildings leasehold
-
Straight line over the life of the lease
Fixtures, fittings and equipment
-
Straight line over 5 to 7 years

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.

Page 4

 
CENTRAL CITY TRAINING VENUES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 25 (2023 - 22).

Page 5

 
CENTRAL CITY TRAINING VENUES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2024
1,586,251
1,689,859
3,276,110


Additions
1,598
4,464
6,062



At 31 December 2024

1,587,849
1,694,323
3,282,172



Depreciation


At 1 January 2024
1,541,685
1,608,429
3,150,114


Charge for the year on owned assets
32,307
55,603
87,910



At 31 December 2024

1,573,992
1,664,032
3,238,024



Net book value



At 31 December 2024
13,857
30,291
44,148



At 31 December 2023
44,566
81,430
125,996

Page 6

 
CENTRAL CITY TRAINING VENUES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
213,320
272,806

Other debtors
123,950
121,070

Prepayments and accrued income
485,009
476,251

822,279
870,127



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,226,851
1,287,841

1,226,851
1,287,841



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
341,940
327,126

Corporation tax
163,094
106,784

Other taxation and social security
74,010
96,637

Other creditors
176,449
207,581

Accruals and deferred income
696,589
903,524

1,452,082
1,641,652



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
-
41,891

-
41,891


Page 7

 
CENTRAL CITY TRAINING VENUES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



185 (2023 - 185) Ordinary shares of £1.00 each
185
185
325 (2023 - 325) Ordinary A shares of £1.00 each
325
325
0 (2023 - 359,700) Ordinary B shares of £1.00 each
-
359,700

510

360,210



10.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
174,939
820,252

Later than 1 year and not later than 5 years
8,606
183,546

183,545
1,003,798


11.


Related party transactions

Included in other debtors there is an amount of £1,025 (2023: £nil) due from a Director. This is repayable on demand and no interest is being charged.

 
Page 8