Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false2024-01-01No description of principal activity00falsetruefalse 05085639 2024-01-01 2024-12-31 05085639 2023-01-01 2023-12-31 05085639 2024-12-31 05085639 2023-12-31 05085639 c:Director2 2024-01-01 2024-12-31 05085639 d:CurrentFinancialInstruments 2024-12-31 05085639 d:CurrentFinancialInstruments 2023-12-31 05085639 d:Non-currentFinancialInstruments 2024-12-31 05085639 d:Non-currentFinancialInstruments 2023-12-31 05085639 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05085639 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05085639 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 05085639 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05085639 d:OtherMiscellaneousReserve 2024-12-31 05085639 d:OtherMiscellaneousReserve 2023-12-31 05085639 d:RetainedEarningsAccumulatedLosses 2024-12-31 05085639 d:RetainedEarningsAccumulatedLosses 2023-12-31 05085639 c:FRS102 2024-01-01 2024-12-31 05085639 c:Audited 2024-01-01 2024-12-31 05085639 c:FullAccounts 2024-01-01 2024-12-31 05085639 c:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 05085639 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05085639 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 05085639
















SPIE EUROPE LIMITED
(A COMPANY LIMITED BY GUARANTEE)



ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024
































img33f1.png



SPIE EUROPE LIMITED
 
(A COMPANY LIMITED BY GUARANTEE)
REGISTERED NUMBER:05085639

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due after more than one year
 3 
371,400
371,400

Debtors: amounts falling due within one year
 3 
554,954
281,011

Cash at bank and in hand
  
251,438
346,994

  
1,177,792
999,405

Creditors: amounts falling due within one year
 4 
(669,352)
(589,625)

NET CURRENT ASSETS
  
 
 
508,440
 
 
409,780

TOTAL ASSETS LESS CURRENT LIABILITIES
  
508,440
409,780

Creditors: amounts falling due after more than one year
 5 
(344,175)
(344,175)

  

NET ASSETS
  
164,265
65,605


CAPITAL AND RESERVES
  

Other reserves
  
1,497,238
1,497,238

Profit and loss account
  
(1,332,973)
(1,431,633)

  
164,265
65,605


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 income statement 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 Ferguson
Director

Date: 10 June 2025

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

Page 1


SPIE EUROPE LIMITED

(A COMPANY LIMITED BY GUARANTEE)

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

SPIE Europe Limited is a company limited by guarantee incorporated in England and Wales. The registered office is 2 Alexandra Gate, Ffordd Pengam, Cardiff, CF24 2SA.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The financial statements are prepared in Sterling which is the functional currency of the company.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The directors assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of one year from the date of approval of the financial statements.
 
The company is in net asset position of £164,265 at year end (2023: £65,605), however, the company is dependent on the continued financial support of its parent company to enable it to continue operations. The parent company has expressed a willingness to continue to provide financial support to the company for the forseeable future and these financial statements have therefore been prepared on the going concern basis. 

 
2.3

TURNOVER

Turnover compromises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.4

FOREIGN CURRENCY TRANSLATION

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. 
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Income statement.

 
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


SPIE EUROPE LIMITED

(A COMPANY LIMITED BY GUARANTEE)

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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.


DEBTORS

2024
2023
£
£

DUE AFTER MORE THAN ONE YEAR

Prepayments and accrued income
371,400
371,400

371,400
371,400


2024
2023
£
£

DUE WITHIN ONE YEAR

Trade debtors
15,803
18,867

Amounts owed by group undertakings
497,805
85,689

Prepayments and accrued income
41,346
176,455

554,954
281,011



4.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Amounts owed to group undertakings
639,794
479,560

Accruals and deferred income
29,558
110,065

669,352
589,625


Page 3


SPIE EUROPE LIMITED

(A COMPANY LIMITED BY GUARANTEE)

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Accruals and deferred income
344,175
344,175

344,175
344,175




6.


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.


7.


RELATED PARTY TRANSACTIONS

At the year end the company was owed £497,805 by The Society of Photo-Optical Instrumentation Engineers, its parent company (2023: £85,689). The parent company charged SPIE Europe Limited a management fee of £91,121 (2023 £104,668).
During the year £58,467 (2023: £58,467) was paid to K. Burger a director of the company as remuneration for her management services.
At the year end the company owed SPIE Events Europe Limited, a fellow subsidiary of the parent company £639,794 (2023: 479,560).
During the year expenses were paid for 2 director totalling £15,901 (2023: £11,735).


8.


CONTROLLING PARTY

The parent company is The Society of Photo-Optical Instrumentation Engineers, a company incorporated in the United States of America. There is no ultimate controlling party.


9.


AUDITORS' INFORMATION

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

The audit report was signed on 16 June 2025 by Chris Trantham FCA (Senior statutory auditor) on behalf of Bishop Fleming LLP.

 
Page 4