Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31Trading subsidiary of a school0false2023-09-010falsetruefalse 11067044 2023-09-01 2024-08-31 11067044 2022-09-01 2023-08-31 11067044 2024-08-31 11067044 2023-08-31 11067044 c:Director2 2023-09-01 2024-08-31 11067044 d:CurrentFinancialInstruments 2024-08-31 11067044 d:CurrentFinancialInstruments 2023-08-31 11067044 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 11067044 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 11067044 d:ShareCapital 2024-08-31 11067044 d:ShareCapital 2023-08-31 11067044 d:RetainedEarningsAccumulatedLosses 2024-08-31 11067044 d:RetainedEarningsAccumulatedLosses 2023-08-31 11067044 c:OrdinaryShareClass1 2023-09-01 2024-08-31 11067044 c:OrdinaryShareClass1 2024-08-31 11067044 c:OrdinaryShareClass1 2023-08-31 11067044 c:FRS102 2023-09-01 2024-08-31 11067044 c:Audited 2023-09-01 2024-08-31 11067044 c:FullAccounts 2023-09-01 2024-08-31 11067044 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11067044 c:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11067044 2 2023-09-01 2024-08-31 11067044 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11067044










KING'S SPACE LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
KING'S SPACE LIMITED
REGISTERED NUMBER: 11067044

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
31,624
23,012

Cash at bank and in hand
 6 
182,689
190,018

  
214,313
213,030

Creditors: amounts falling due within one year
 7 
(74,597)
(71,418)

Net current assets
  
 
 
139,716
 
 
141,612

Total assets less current liabilities
  
139,716
141,612

  

Net assets
  
139,716
141,612


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Profit and loss account
  
89,716
91,612

  
139,716
141,612


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: 




................................................
Hayley Ann Jordan
Director

Date: 25 March 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
KING'S SPACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The company is a private limited company, which is incorporated and registered in England. The registered number is 11067044. The address of the registered office is The King's School, Wrexham Road, Chester, CH4 7QL.

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. Thus the directors continue to adopt 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

Interest income

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

 
2.5

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 2

 
KING'S SPACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the Directors there are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year


4.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


5.


Debtors

2024
2023
£
£


Trade debtors
12,735
1,263

Amounts owed by group undertakings
1,501
1,501

Prepayments and accrued income
17,388
20,248

31,624
23,012


Page 3

 
KING'S SPACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
182,689
190,018

182,689
190,018



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
328
-

Other taxation and social security
3,128
5,726

Accruals and deferred income
71,141
65,692

74,597
71,418



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50,000 (2023 - 50,000) Ordinary shares of £1.00 each
50,000
50,000



9.


Controlling party

The company is a wholly owned subsidiary of The King's School, Chester, an unincorporated charity registered in England. The address of the registered office and principle place of business is The King's School, Wrexham Road, Chester, CH4 7QL.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 August 2024 was unqualified.

The audit report was signed on 31 March 2025 by Andrew Malpass BA FCA (Senior statutory auditor) on behalf of WR Partners.

 
Page 4