Caseware UK (AP4) 2024.0.164 2024.0.164 false72023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Religious organisation7truetruefalse 11808115 2023-04-01 2024-03-31 11808115 2022-04-01 2023-03-31 11808115 2024-03-31 11808115 2023-03-31 11808115 c:Director1 2023-04-01 2024-03-31 11808115 d:FurnitureFittings 2023-04-01 2024-03-31 11808115 d:FurnitureFittings 2024-03-31 11808115 d:FurnitureFittings 2023-03-31 11808115 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11808115 d:OfficeEquipment 2023-04-01 2024-03-31 11808115 d:OfficeEquipment 2024-03-31 11808115 d:OfficeEquipment 2023-03-31 11808115 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11808115 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 11808115 d:OtherPropertyPlantEquipment 2024-03-31 11808115 d:OtherPropertyPlantEquipment 2023-03-31 11808115 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11808115 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11808115 d:CurrentFinancialInstruments 2024-03-31 11808115 d:CurrentFinancialInstruments 2023-03-31 11808115 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11808115 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11808115 d:RetainedEarningsAccumulatedLosses 2024-03-31 11808115 d:RetainedEarningsAccumulatedLosses 2023-03-31 11808115 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 11808115 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 11808115 c:FRS102 2023-04-01 2024-03-31 11808115 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11808115 c:FullAccounts 2023-04-01 2024-03-31 11808115 c:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 11808115 2 2023-04-01 2024-03-31 11808115 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 11808115


Loveworld UK Zone 4 Ltd
(A company limited by guarantee)
Unaudited
Financial statements
Information for filing with the registrar
For the year ended 31 March 2024

 
Loveworld UK Zone 4 Ltd
 
(A company limited by guarantee)
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Loveworld UK Zone 4 Ltd for the year ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Loveworld UK Zone 4 Ltd for the year ended 31 March 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Loveworld UK Zone 4 Ltd, as a body, in accordance with the terms of our engagement letter dated 2 December 2024Our work has been undertaken solely to prepare for your approval the financial statements of Loveworld UK Zone 4 Ltd and state those matters that we have agreed to state to the Board of directors of Loveworld UK Zone 4 Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Loveworld UK Zone 4 Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Loveworld UK Zone 4 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Loveworld UK Zone 4 Ltd. You consider that Loveworld UK Zone 4 Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Loveworld UK Zone 4 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
2nd Floor
168 Shoreditch High Street
London
E1 6RA
2 June 2025
Page 1

 
Loveworld UK Zone 4 Ltd
  
(A company limited by guarantee)
Registered number:11808115

Balance sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
37,750
15,743

  
37,750
15,743

Current assets
  

Cash at bank and in hand
 5 
41,049
812

  
41,049
812

Creditors: amounts falling due within one year
 6 
(36,755)
(17,373)

Net current assets/(liabilities)
  
 
 
4,294
 
 
(16,561)

Total assets less current liabilities
  
42,044
(818)

Provisions for liabilities
  

Deferred tax
 7 
(16,526)
(2,991)

  
 
 
(16,526)
 
 
(2,991)

Net assets/(liabilities)
  
25,518
(3,809)


Capital and reserves
  

Profit and loss account
  
25,518
(3,809)

  
25,518
(3,809)


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 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 2 June 2025.

Ifeoma Onubogu
Director

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

Page 2

 
Loveworld UK Zone 4 Ltd
 
(A company limited by guarantee)
 
 
Notes to the financial statements
For the year ended 31 March 2024

1.


General information

The company is a company limited by guarantee and registered in England & Wales. 
The company's registered office is 10 Knowsley Street, Manchester, M8 8QF which is also its trading address.
The company's principle activity is in religious activities.

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

 
Loveworld UK Zone 4 Ltd
 
(A company limited by guarantee)
 

Notes to the financial statements
For the year ended 31 March 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

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.


 
2.7

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:

Fixtures and fittings
-
20%
Office equipment
-
20%
Other fixed assets
-
20%

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

 
Loveworld UK Zone 4 Ltd
 
(A company limited by guarantee)
 

Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).

Page 5

 
Loveworld UK Zone 4 Ltd
 
(A company limited by guarantee)
 
 
Notes to the financial statements
For the year ended 31 March 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 April 2023
12,260
-
16,191
28,451


Additions
3,965
18,901
7,274
30,140



At 31 March 2024

16,225
18,901
23,465
58,591



Depreciation


At 1 April 2023
6,327
-
6,381
12,708


Charge for the year on owned assets
2,765
1,328
4,040
8,133



At 31 March 2024

9,092
1,328
10,421
20,841



Net book value



At 31 March 2024
7,133
17,573
13,044
37,750



At 31 March 2023
5,933
-
9,810
15,743


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
41,049
812



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
4,480

Corporation tax
1,302
1,302

Other taxation and social security
27,122
4,371

Other creditors
2,831
2,220

Accruals and deferred income
5,500
5,000

36,755
17,373


Page 6

 
Loveworld UK Zone 4 Ltd
 
(A company limited by guarantee)
 
 
Notes to the financial statements
For the year ended 31 March 2024

7.


Deferred taxation




2024


£






At beginning of year
(2,991)


Charged to profit or loss
(13,535)



At end of year
(16,526)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(16,526)
(2,991)

(16,526)
(2,991)



8.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


9.


Controlling party

The directors are considered to be the controlling party.


Page 7