Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false122024-01-01falseNo description of principal activity7truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00990944 2024-01-01 2024-12-31 00990944 2023-01-01 2023-12-31 00990944 2024-12-31 00990944 2023-12-31 00990944 c:Director1 2024-01-01 2024-12-31 00990944 d:PlantMachinery 2024-01-01 2024-12-31 00990944 d:PlantMachinery 2024-12-31 00990944 d:PlantMachinery 2023-12-31 00990944 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00990944 d:MotorVehicles 2024-01-01 2024-12-31 00990944 d:MotorVehicles 2024-12-31 00990944 d:MotorVehicles 2023-12-31 00990944 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00990944 d:FurnitureFittings 2024-01-01 2024-12-31 00990944 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00990944 d:CurrentFinancialInstruments 2024-12-31 00990944 d:CurrentFinancialInstruments 2023-12-31 00990944 d:Non-currentFinancialInstruments 2024-12-31 00990944 d:Non-currentFinancialInstruments 2023-12-31 00990944 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 00990944 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00990944 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 00990944 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 00990944 d:ShareCapital 2024-12-31 00990944 d:ShareCapital 2023-12-31 00990944 d:RetainedEarningsAccumulatedLosses 2024-12-31 00990944 d:RetainedEarningsAccumulatedLosses 2023-12-31 00990944 c:FRS102 2024-01-01 2024-12-31 00990944 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00990944 c:FullAccounts 2024-01-01 2024-12-31 00990944 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00990944 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 00990944










EAST OF ENGLAND SHOWGROUND SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
EAST OF ENGLAND SHOWGROUND SERVICES LIMITED
REGISTERED NUMBER: 00990944

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
67,469
28,449

Current assets
  

Debtors: amounts falling due within one year
 5 
2,826,898
1,935,646

Bank and cash balances
  
123,642
318,634

  
2,950,540
2,254,280

Creditors: amounts falling due within one year
 6 
(1,633,956)
(651,699)

Net current assets
  
 
 
1,316,584
 
 
1,602,581

Total assets less current liabilities
  
1,384,053
1,631,030

Creditors: amounts falling due after more than one year
 7 
(84,355)
(538,043)

  

Net assets
  
1,299,698
1,092,987


Capital and reserves
  

Called up share capital 
  
9,600
9,600

Profit and loss account
  
1,290,098
1,083,387

  
1,299,698
1,092,987


Page 1

 
EAST OF ENGLAND SHOWGROUND SERVICES LIMITED
REGISTERED NUMBER: 00990944
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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: 




................................................
Mr A J Butterfield
Director

Date: 22 July 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
EAST OF ENGLAND SHOWGROUND SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

East of England Showground Services Limited (“the company”) is a private company limited by shares, incorporated in England and Wales under the Companies Act.
The registered number and address of the registered office is given in the company information.
The functional and presentational currency of the company is pounds sterling (£) and rounded to the nearest whole pound.

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

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.

 
2.4

Borrowing costs

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

Page 3

 
EAST OF ENGLAND SHOWGROUND SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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 other creditors as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Motor vehicles
-
20%
reducing balance
Fixtures and fittings
-
20%
straight line

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.

 
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.

Page 4

 
EAST OF ENGLAND SHOWGROUND SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

Page 5

 
EAST OF ENGLAND SHOWGROUND SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 12).

Page 6

 
EAST OF ENGLAND SHOWGROUND SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost 


At 1 January 2024
34,418
21,400
55,818


Additions
-
61,990
61,990


Disposals
(22,256)
-
(22,256)



At 31 December 2024

12,162
83,390
95,552



Depreciation


At 1 January 2024
18,595
8,774
27,369


Charge for the year on owned assets
2,435
11,824
14,259


Disposals
(13,545)
-
(13,545)



At 31 December 2024

7,485
20,598
28,083



Net book value



At 31 December 2024
4,677
62,792
67,469



At 31 December 2023
15,823
12,626
28,449


5.


Debtors

2024
2023
£
£


Trade debtors
113,834
85,485

Amounts owed by group undertakings
2,677,418
1,822,314

Other debtors
6,000
-

Prepayments and accrued income
29,646
27,847

2,826,898
1,935,646


Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

Page 7

 
EAST OF ENGLAND SHOWGROUND SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
544,682
-

Other loans
17,450
-

Trade creditors
376,716
140,191

Other taxation and social security
88,259
126,843

Obligations under finance lease and hire purchase contracts
22,802
13,443

Other creditors
-
3,044

Accruals and deferred income
584,047
368,178

1,633,956
651,699


Bank and other loans due within one year of £562,132 (2023: £nil) are secured by the company.
Obligations under finance lease and hire purchase contracts due within one year of £22,802 (2023: £13,443) are secured against the assets to which they relate.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
45,390
529,116

Obligations under finance leases and hire purchase contracts
38,965
8,927

84,355
538,043


Other loans due after more than one year of £45,390 (2023: £529,116) are secured by the company.
Obligations under finance lease and hire purchase contracts due after more than one year of £38,965 (2023: £8,927) are secured against the assets to which they relate.


8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £Nil (2023: £3,044) were payable to the fund at the balance sheet date and included in other creditors.


9.


Controlling party

The company is a wholly owned subsidiary of Asset Earning Power Group (AEPG) Ltd, a company registered in England and Wales. The registered office of Asset Earning Power Group (AEPG) Ltd is 1 The Forum, Minerva Business Park, Lynch Wood, Peterborough, PE2 6FT.

 
Page 8