Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 false 10 2024-01-01 8 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04116478 2024-01-01 2024-12-31 04116478 2023-01-01 2023-12-31 04116478 2024-12-31 04116478 2023-12-31 04116478 c:Director1 2024-01-01 2024-12-31 04116478 d:PlantMachinery 2024-01-01 2024-12-31 04116478 d:PlantMachinery 2024-12-31 04116478 d:PlantMachinery 2023-12-31 04116478 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04116478 d:ComputerSoftware 2024-12-31 04116478 d:ComputerSoftware 2023-12-31 04116478 d:CurrentFinancialInstruments 2024-12-31 04116478 d:CurrentFinancialInstruments 2023-12-31 04116478 d:Non-currentFinancialInstruments 2024-12-31 04116478 d:Non-currentFinancialInstruments 2023-12-31 04116478 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 04116478 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04116478 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 04116478 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04116478 d:ShareCapital 2024-12-31 04116478 d:ShareCapital 2023-12-31 04116478 d:CapitalRedemptionReserve 2024-12-31 04116478 d:CapitalRedemptionReserve 2023-12-31 04116478 d:RetainedEarningsAccumulatedLosses 2024-12-31 04116478 d:RetainedEarningsAccumulatedLosses 2023-12-31 04116478 c:OrdinaryShareClass1 2024-01-01 2024-12-31 04116478 c:OrdinaryShareClass1 2024-12-31 04116478 c:OrdinaryShareClass1 2023-12-31 04116478 c:FRS102 2024-01-01 2024-12-31 04116478 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04116478 c:FullAccounts 2024-01-01 2024-12-31 04116478 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04116478 2 2024-01-01 2024-12-31 04116478 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 04116478 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04116478 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 04116478 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 04116478 d:ComputerSoftware d:OwnedIntangibleAssets 2024-01-01 2024-12-31 04116478 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04116478 MN2S MANAGEMENT LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
MN2S MANAGEMENT LIMITED REGISTERED NUMBER:04116478
BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 3,580 |  | 4,414
Tangible assets | 5 |  | 9,883 |  | 13,414
|  |  | 13,463 |  | 17,828
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 2,757,883 |  | 2,030,271 |
Cash at bank | 7 | 2,976,157 |  | 2,797,717 |
|  | 5,734,040 |  | 4,827,988 |
Creditors: amounts falling due within one year | 8 | (1,331,436) |  | (1,312,009) |
Net current assets |  |  | 4,402,604 |  | 3,515,979
Total assets less current liabilities |  |  | 4,416,067 |  | 3,533,807
Creditors: amounts falling due after more than one year | 9 |  | (25,000) |  | (75,000)
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 | (1,395) |  | (1,956) |
|  |  | (1,395) |  | (1,956)
Net assets |  |  | 4,389,672 |  | 3,456,851
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 667 |  | 667
Capital redemption reserve |  |  | 333 |  | 333
Profit and loss account |  |  | 4,388,672 |  | 3,455,851
|  |  | 4,389,672 |  | 3,456,851
Page 1
MN2S MANAGEMENT LIMITED REGISTERED NUMBER:04116478
BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 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 profit and loss account 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:
S M Elkabas
Director
Date: 26 August 2025
The notes on pages 3 to 9 form part of these financial statements. Page 2
MN2S MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
MN2S Management Limited is a private company, limited by shares, registered in England and Wales, registration number 04116478. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. The principal activity of the company continued to be that of musical entertainment agency. 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 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is pound sterling. 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 year 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 that relate to borrowings and cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss.
| 2.3 | Turnover
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. Turnover from musical entertainment activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.
| 2.4 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Page 3
MN2S MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.5 | 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. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 20% | reducing balance
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.
| 2.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.7 | 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.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, 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. Page 4
MN2S MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.11 | Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, loans from banks and loans with related parties.
| 2.12 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.13 | 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.
| 2.14 | 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.
| 2.15 | 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet 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 balance sheet 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3. | Employees
| The average monthly number of employees, including a director, during the year was 10 (2023 - 8).
Page 5
MN2S MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Intangible assets
|  | Website
|  | £
| Cost |
| At 1 January 2024 | 37,627
| At 31 December 2024 | 37,627
| Amortisation |
| At 1 January 2024 | 33,213
| Charge for the year | 834
| At 31 December 2024 | 34,047
| Net book value |
| At 31 December 2024 | 3,580
| At 31 December 2023 | 4,414
Page 6
MN2S MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Tangible fixed assets
|  | Plant and machinery
|  | £
| Cost |
| At 1 January 2024 | 63,235
| Additions | 2,454
| Disposals | (46,724)
| At 31 December 2024 | 18,965
| Depreciation |
| At 1 January 2024 | 49,821
| Charge for the year | 3,174
| Disposals | (43,913)
| At 31 December 2024 | 9,082
| Net book value |
| At 31 December 2024 | 9,883
| At 31 December 2023 | 13,414
6. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 67,449 | 29,284
| Other debtors | 2,517,056 | 1,831,629
| Prepayments and accrued income | 173,378 | 169,358
|  | 2,757,883 | 2,030,271
7. | Cash at bank
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank | 2,976,157 | 2,797,717
Page 7
MN2S MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8. | Creditors: amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 50,000 | 50,000
| Trade creditors | 129,018 | 203,987
| Corporation tax | 123,365 | 253,052
| Other taxation and social security | 10,927 | 6,692
| Other creditors | 805,281 | 586,472
| Accruals | 212,845 | 211,806
|  | 1,331,436 | 1,312,009
| Included in bank loans is an amount outstanding of £50,000 (2023 - £50,000) which is a Coronavirus Business Interruption Loan Scheme, and it is 80% guaranteed by the government. National Westminster Bank PLC holds a floating and fixed charge which contain a negative pledge over the assets of the company in respect of all the amounts due from the company.
9. | Creditors: amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 25,000 | 75,000
| The bank loan of £25,000 (2023 - £75,000) included in creditors due after more than one year is a Coronavirus Business Interruption Loan Scheme, and it is 80% guaranteed by the government.
10. | Deferred taxation
|  | 2024
|  | £
| At beginning of year | 1,956
| Charged to profit or loss | 561
| At end of year | 1,395
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Fixed asset timing differences | 2,258 | 2,258
| Short term timing differences | (302) | (302)
|  | 1,956 | 1,956
Page 8
MN2S MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
11. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 667 (2023 - 667) Ordinary shares of £1.00 each | 667 | 667
12. | Pension commitments
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £11,556 (2023 - £9,623). Included in other creditors at the year end there is an amount payable of £1,649 (2023 - £1,205).
13. | Transactions with the director
As at the year end, the company owed £8,862 (2023 - £61,986 - the director owed to the company) to the director. The loan is unsecured, repayable on demand and interest has been charged at an official rate. During the year, dividends of £130,000 (2023 - £50,000) were paid to the director.
Page 9