Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30true2023-10-01falseNo description of principal activity00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12217213 2023-10-01 2024-09-30 12217213 2022-10-01 2023-09-30 12217213 2024-09-30 12217213 2023-09-30 12217213 c:Director2 2023-10-01 2024-09-30 12217213 d:CurrentFinancialInstruments 2024-09-30 12217213 d:CurrentFinancialInstruments 2023-09-30 12217213 d:Non-currentFinancialInstruments 2024-09-30 12217213 d:Non-currentFinancialInstruments 2023-09-30 12217213 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 12217213 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12217213 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 12217213 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 12217213 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 12217213 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 12217213 d:ShareCapital 2024-09-30 12217213 d:ShareCapital 2023-09-30 12217213 d:RetainedEarningsAccumulatedLosses 2024-09-30 12217213 d:RetainedEarningsAccumulatedLosses 2023-09-30 12217213 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 12217213 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 12217213 c:FRS102 2023-10-01 2024-09-30 12217213 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12217213 c:FullAccounts 2023-10-01 2024-09-30 12217213 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12217213 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 12217213










ISLANDS OF THE PACIFIC LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ISLANDS OF THE PACIFIC LIMITED
REGISTERED NUMBER: 12217213

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
943,768
-

Debtors: amounts falling due within one year
 3 
19,289
37,430

Cash at bank and in hand
  
141,894
36,624

  
1,104,951
74,054

Creditors: amounts falling due within one year
 4 
(192,584)
(186,342)

Net current assets/(liabilities)
  
 
 
912,367
 
 
(112,288)

Total assets less current liabilities
  
912,367
(112,288)

Creditors: amounts falling due after more than one year
 5 
(918,866)
-

  

Net liabilities
  
(6,499)
(112,288)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(6,500)
(112,289)

  
(6,499)
(112,288)


Page 1

 
ISLANDS OF THE PACIFIC LIMITED
REGISTERED NUMBER: 12217213
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 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: 






A Poustie
Director
Date: 25 June 2025

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

Page 2

 
ISLANDS OF THE PACIFIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Islands of the Pacific Limited (12217213) is a private company limited by shares and incorporated in England and Wales. Its registered office address is Wey Court West, Union Road, Farnham, Surrey, United Kingdom, GU9 7PT

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.

 
2.2

Going concern

At the year end, the company had net liabilities of £6,500 (2023 - £112,288) The directors are satisfied that the company can continue to trade with support from them.

 
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

Borrowing costs

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

Page 3

 
ISLANDS OF THE PACIFIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Stocks

Work in progress includes all directly attributable costs relating to the production of the programme.

 
2.7

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.

 
2.8

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

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.

Page 4

 
ISLANDS OF THE PACIFIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

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 reporting 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 reporting 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 reporting date.


Page 5

 
ISLANDS OF THE PACIFIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Debtors

2024
2023
£
£


Other debtors
12,227
-

Called up share capital not paid
1
1

Prepayments and accrued income
4,895
-

Deferred taxation
2,166
37,429

19,289
37,430



4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
38,744
-

Other creditors
151,631
183,920

Accruals and deferred income
2,209
2,422

192,584
186,342



5.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Loans
918,866
-

918,866
-


The above loan was entered into during the year and there is a fixed charge which covers all aspects of the latest series produced.  The loan will be repaid by 28 February 2025.

Page 6

 
ISLANDS OF THE PACIFIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
918,866
-


918,866
-



918,866
-



7.


Deferred taxation




2024


£






At beginning of year
37,429


Charged to profit or loss
(35,263)



At end of year
2,166

The deferred tax asset is made up as follows:

2024
2023
£
£


Tax losses carried forward
2,166
37,429

2,166
37,429

 
Page 7