Caseware UK (AP4) 2023.0.135 2023.0.135 2024-11-302024-11-302023-12-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08283907 2023-12-01 2024-11-30 08283907 2022-12-01 2023-11-30 08283907 2024-11-30 08283907 2023-11-30 08283907 2022-12-01 08283907 c:Director1 2023-12-01 2024-11-30 08283907 d:FurnitureFittings 2023-12-01 2024-11-30 08283907 d:FurnitureFittings 2024-11-30 08283907 d:FurnitureFittings 2023-11-30 08283907 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 08283907 d:CurrentFinancialInstruments 2024-11-30 08283907 d:CurrentFinancialInstruments 2023-11-30 08283907 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 08283907 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 08283907 d:ShareCapital 2024-11-30 08283907 d:ShareCapital 2023-11-30 08283907 d:ShareCapital 2022-12-01 08283907 d:SharePremium 2024-11-30 08283907 d:SharePremium 2023-11-30 08283907 d:SharePremium 2022-12-01 08283907 d:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 08283907 d:RetainedEarningsAccumulatedLosses 2024-11-30 08283907 d:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 08283907 d:RetainedEarningsAccumulatedLosses 2023-11-30 08283907 d:RetainedEarningsAccumulatedLosses 2022-12-01 08283907 c:FRS102 2023-12-01 2024-11-30 08283907 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08283907 c:FullAccounts 2023-12-01 2024-11-30 08283907 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08283907 2 2023-12-01 2024-11-30 08283907 6 2023-12-01 2024-11-30 08283907 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 08283907









UNDER COVER (MEDIA) LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
UNDER COVER (MEDIA) LTD
REGISTERED NUMBER: 08283907

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,422
1,548

Investments
  
61,842
-

  
66,264
1,548

Current assets
  

Debtors: amounts falling due within one year
 6 
577,885
674,632

Cash at bank and in hand
 7 
67,016
50,306

  
644,901
724,938

Creditors: amounts falling due within one year
 8 
(290,861)
(350,581)

Net current assets
  
 
 
354,040
 
 
374,357

Total assets less current liabilities
  
420,304
375,905

  

Net assets
  
420,304
375,905


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
14,995
14,995

Profit and loss account
  
405,209
360,810

  
420,304
375,905


The director considers 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 director acknowledges his 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: 


Page 1

 
UNDER COVER (MEDIA) LTD
REGISTERED NUMBER: 08283907
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024



................................................
Nicholas Agha
Director

Date: 21 August 2025

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 

 
UNDER COVER (MEDIA) LTD


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2024



Called up share capital
Share premium account
Profit and loss account
Total equity


£
£
£
£



At 1 December 2022
100
14,995
307,477
322,572





Profit for the year
-
-
113,333
113,333


Dividends: Equity capital
-
-
(60,000)
(60,000)





At 1 December 2023
100
14,995
360,810
375,905





Profit for the year
-
-
69,136
69,136


Dividends: Equity capital
-
-
(24,737)
(24,737)



At 30 November 2024
100
14,995
405,209
420,304



The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
UNDER COVER (MEDIA) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Under Cover (Media) Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:
Registered number: 08283907
Registered office: Unit 4.07, The Tea Building, 56 Shoreditch High Street, London, England, E1 6JJ

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

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. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
UNDER COVER (MEDIA) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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 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.

Page 5

 
UNDER COVER (MEDIA) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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%

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
UNDER COVER (MEDIA) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 December 2023
2,039


Additions
4,375



At 30 November 2024

6,414



Depreciation


At 1 December 2023
491


Charge for the year on owned assets
1,501



At 30 November 2024

1,992



Net book value



At 30 November 2024
4,422



At 30 November 2023
1,548


5.


Investments





Investments

£



Cost or valuation


Additions
61,842



At 30 November 2024
61,842





6.


Debtors

2024
2023
£
£

Page 7

 
UNDER COVER (MEDIA) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.Debtors (continued)


Trade debtors
248,192
90,424

Other debtors
329,693
232,728

Prepayments and accrued income
-
351,480

577,885
674,632



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
67,016
50,306

67,016
50,306



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,475
82,562

Corporation tax
18,247
61,614

Other taxation and social security
5,927
3,070

Other creditors
1,800
5,427

Accruals and deferred income
262,412
197,908

290,861
350,581


 
Page 8