Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseOther letting and operating of own or leased real estate11truefalse 11391546 2023-07-01 2024-06-30 11391546 2022-07-01 2023-06-30 11391546 2024-06-30 11391546 2023-06-30 11391546 c:Director1 2023-07-01 2024-06-30 11391546 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 11391546 d:Buildings d:ShortLeaseholdAssets 2024-06-30 11391546 d:Buildings d:ShortLeaseholdAssets 2023-06-30 11391546 d:FurnitureFittings 2023-07-01 2024-06-30 11391546 d:FurnitureFittings 2024-06-30 11391546 d:FurnitureFittings 2023-06-30 11391546 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11391546 d:OfficeEquipment 2023-07-01 2024-06-30 11391546 d:ComputerEquipment 2023-07-01 2024-06-30 11391546 d:ComputerEquipment 2024-06-30 11391546 d:ComputerEquipment 2023-06-30 11391546 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11391546 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11391546 d:CurrentFinancialInstruments 2024-06-30 11391546 d:CurrentFinancialInstruments 2023-06-30 11391546 d:Non-currentFinancialInstruments 2024-06-30 11391546 d:Non-currentFinancialInstruments 2023-06-30 11391546 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11391546 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11391546 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 11391546 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 11391546 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 11391546 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 11391546 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 11391546 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 11391546 d:ShareCapital 2024-06-30 11391546 d:ShareCapital 2023-06-30 11391546 d:RetainedEarningsAccumulatedLosses 2024-06-30 11391546 d:RetainedEarningsAccumulatedLosses 2023-06-30 11391546 c:FRS102 2023-07-01 2024-06-30 11391546 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11391546 c:FullAccounts 2023-07-01 2024-06-30 11391546 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11391546 2 2023-07-01 2024-06-30 11391546 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number:  11391546














AVENUE HQ LIVERPOOL SPS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


 
AVENUE HQ LIVERPOOL SPS LIMITED
REGISTERED NUMBER: 11391546

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
213,846
511,949

  
213,846
511,949

Current assets
  

Debtors: amounts falling due within one year
 5 
186,997
901,743

Cash at bank and in hand
 6 
14,753
106,283

  
201,750
1,008,026

Creditors: amounts falling due within one year
 7 
(1,141,967)
(1,767,150)

Net current liabilities
  
 
 
(940,217)
 
 
(759,124)

Total assets less current liabilities
  
(726,371)
(247,175)

Creditors: amounts falling due after more than one year
 8 
(9,641)
(584,665)

  

Net liabilities
  
(736,012)
(831,840)

Page 1

 
AVENUE HQ LIVERPOOL SPS LIMITED
REGISTERED NUMBER: 11391546
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

As restated
2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(736,013)
(831,841)

  
(736,012)
(831,840)


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 on 26 March 2025.






M P Kennedy
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
AVENUE HQ LIVERPOOL SPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no.11391546). The address of the registered office is 17 Mann Island, Liverpool, England, L3 1BP. The principal activity of the company is the management of flexible office and event venues.

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

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.

 
2.4

Interest income

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

Page 3

 
AVENUE HQ LIVERPOOL SPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

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

 
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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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:

Short-term leasehold property
-
10%
straight line
Fixtures and fittings
-
25%
straight line
Office equipment
-
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 profit or loss.

 
2.9

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 4

 
AVENUE HQ LIVERPOOL SPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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 1 (2023 - 1).


4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
877,622
47,694
17,791
943,107


Additions
-
408
-
408


Disposals
(430,399)
-
-
(430,399)



At 30 June 2024

447,223
48,102
17,791
513,116



Depreciation


At 1 July 2023
371,566
43,684
15,908
431,158


Charge for the year on owned assets
47,002
2,360
1,702
51,064


Disposals
(182,952)
-
-
(182,952)



At 30 June 2024

235,616
46,044
17,610
299,270



Net book value



At 30 June 2024
211,607
2,058
181
213,846



At 30 June 2023
506,056
4,010
1,883
511,949

Page 5

 
AVENUE HQ LIVERPOOL SPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
47,287
19,944

Other debtors
-
685,250

Prepayments and accrued income
139,710
196,549

186,997
901,743



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
14,753
106,283

14,753
106,283



7.


Creditors: Amounts falling due within one year

As restated
2024
2023
£
£

Bank loans
9,526
9,885

Trade creditors
303,862
1,180,224

Amounts owed to group undertakings
462,542
398,116

Other taxation and social security
7,322
-

Other creditors
303,830
79,221

Accruals and deferred income
54,885
99,704

1,141,967
1,767,150



8.


Creditors: Amounts falling due after more than one year

As restated
2024
2023
£
£

Bank loans
9,641
19,282

Other creditors
-
565,383

9,641
584,665


Page 6

 
AVENUE HQ LIVERPOOL SPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Loans


Analysis of the maturity of loans is given below:


As restated
2024
2023
£
£

Amounts falling due within one year

Bank loans
9,526
9,885


9,526
9,885

Amounts falling due 1-2 years

Bank loans
9,641
9,641


9,641
9,641

Amounts falling due 2-5 years

Bank loans
-
9,641


-
9,641


19,167
29,167



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 Company Contributions payable to the fund and amounted to £208 (2023: £158). Contributions totalling £126 (2023: £19), including Employee Contributions, were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

The company has taken advantage of the exemption under paragraph 33.1A of FRS 102 and has not disclosed transactions with other wholly owned group companies.


12.


Controlling party

The company is a wholly owned subsidiary of Avenue HQ Limited, whose registered office is located at 17 Mann Island, Liverpool, England, L3 1BP.

 
Page 7