Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-31true0falseRadio broadcasting2024-01-16falsefalse0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15416931 2024-01-15 15416931 2024-01-16 2025-01-31 15416931 2023-01-16 2024-01-15 15416931 2025-01-31 15416931 c:Director1 2024-01-16 2025-01-31 15416931 c:Director1 2025-01-31 15416931 c:Director2 2024-01-16 2025-01-31 15416931 c:Director2 2025-01-31 15416931 c:Director3 2024-01-16 2025-01-31 15416931 c:Director3 2025-01-31 15416931 c:RegisteredOffice 2024-01-16 2025-01-31 15416931 d:CurrentFinancialInstruments 2025-01-31 15416931 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 15416931 d:ShareCapital 2025-01-31 15416931 d:RetainedEarningsAccumulatedLosses 2025-01-31 15416931 c:FRS102 2024-01-16 2025-01-31 15416931 c:AuditExempt-NoAccountantsReport 2024-01-16 2025-01-31 15416931 c:FullAccounts 2024-01-16 2025-01-31 15416931 c:PrivateLimitedCompanyLtd 2024-01-16 2025-01-31 15416931 e:PoundSterling 2024-01-16 2025-01-31 iso4217:GBP xbrli:pure
Registered number: 15416931














ARE WE LIVE LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 JANUARY 2025

 
ARE WE LIVE LTD
 
 
COMPANY INFORMATION


Directors
B Ochora-Isukali (appointed 16 January 2024)
J Rakei (appointed 16 January 2024)
A Sekitoleko (appointed 16 January 2024)




Registered number
15416931



Registered office
First Floor
17-19 Foley Street

London

United Kingdom

W1W 6DW




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
ARE WE LIVE LTD
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 3


 
ARE WE LIVE LTD
REGISTERED NUMBER:15416931

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2025

2025
Note
£

Current assets
  

Cash at bank and in hand
  
310

  
310

Current liabilities
  

Creditors: amounts falling due within one year
 4 
(1,097)

Net current (liabilities)/assets
  
 
 
(787)

Net (liabilities)/assets
  
(787)


Capital and reserves
  

Called up share capital 
  
3

Profit and loss account
  
(790)

  
(787)


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 period 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 by: 




B Ochora-Isukali
Director

Date: 10 July 2025

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
ARE WE LIVE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025

1.


General information

Are We Live Ltd is a private company limited by shares incorporated in England and Wales. The
registered office is First Floor, 17-19 Foley Street, London, United Kingdom, W1W 6DW.
The principal activity of the company during the period was that of radio broadcasting.
The company was incorporated on 16 January 2024 and commenced trading on the same date.
The company's functional and presentational currency is £ Sterling. 

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 will have the continued support from its lenders and 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

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

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.

 
2.5

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Page 2

 
ARE WE LIVE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025

2.Accounting policies (continued)


2.5
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees



The Company has no employees other than the directors, who did not receive any remuneration.

The average monthly number of employees, including directors, during the period was 0.


4.


Creditors: Amounts falling due within one year

2025
£

Other creditors
597

Accruals and deferred income
500

1,097



5.


Related party transactions

Included within other creditors are amounts totalling £597 due to the directors. These amounts are interest free and repayable on demand. 

 
Page 3