ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

SPECIFIC PUBLISHING LIMITED - Company Information

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Caseware UK (AP4) 2020.0.247 2020.0.247 2020-12-312020-12-31true002020-01-01No description of principal activitytruetrue 06249258 2020-01-01 2020-12-31 06249258 2019-01-01 2019-12-31 06249258 2020-12-31 06249258 2019-12-31 06249258 c:Director1 2020-01-01 2020-12-31 06249258 d:CurrentFinancialInstruments 2020-12-31 06249258 d:CurrentFinancialInstruments 2019-12-31 06249258 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 06249258 d:CurrentFinancialInstruments d:WithinOneYear 2019-12-31 06249258 d:ShareCapital 2020-12-31 06249258 d:ShareCapital 2019-12-31 06249258 d:RetainedEarningsAccumulatedLosses 2020-12-31 06249258 d:RetainedEarningsAccumulatedLosses 2019-12-31 06249258 c:EntityHasNeverTraded 2020-01-01 2020-12-31 06249258 c:FRS102 2020-01-01 2020-12-31 06249258 c:AuditExempt-NoAccountantsReport 2020-01-01 2020-12-31 06249258 c:FullAccounts 2020-01-01 2020-12-31 06249258 c:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure

Registered number: 06249258









SPECIFIC PUBLISHING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2020
 
SPECIFIC PUBLISHING LIMITED
REGISTERED NUMBER: 06249258

BALANCE SHEET
AS AT 31 DECEMBER 2020

2020
2019
Note
£
£

  

Current assets
  

Cash at bank and in hand
 5 
33
33

  
33
33

Creditors: amounts falling due within one year
 6 
(3,496)
(3,496)

Net current liabilities
  
 
 
(3,463)
 
 
(3,463)

Total assets less current liabilities
  
(3,463)
(3,463)

  

Net liabilities
  
(3,463)
(3,463)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(3,464)
(3,464)

  
(3,463)
(3,463)


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SPECIFIC PUBLISHING LIMITED
REGISTERED NUMBER: 06249258
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2020

For the year ended 31 December 2020 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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: 

Paul Jason Pacifico
Director

Date: 29 September 2021

The notes on pages 3 to 5 form part of these financial statements.

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SPECIFIC PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

1.


General information

Specific Publishing Limited ('the Company') is a private company limited by shares and is incorporated under the UK Companies Act 1985 and domiciled in England. The address of the Company's registered office is Regina House, 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements of Specific Publishing Limited have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland, and the UK Companies Act 2006.
The preparation of financial statements in conformity with Financial Reporting Standard 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company's accounting policies.
Details of those estimates and/or judgments made in applying the Company's accounting policies towards the preparation of these financial statements that may be considered as yielding a significant risk of a material adjustment being made to the carrying amounts of assets and/or liabilities reported in the balance sheet during the next financial reporting period are disclosed in note 3 to the financial statements.

  
2.2

Functional and presentational currency

Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which the Company operates (the "functional currency").
The functional currency of the Company, and the currency in which the financial statements are presented (the "presentational currency"), is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.

 
2.3

Going concern

The director having reviewed the financial performance of the Company and of its fellow group undertakings up to the date these financial statements were approved, taking into account of possible changes in trading performance, determines that the Company will be able to operate within the level of its current facilities and has a reasonable expectation that the Company has adequate resources available at its disposal to continue in operational existence for the foreseeable future.
While there will always remain inherent uncertainty, the director has no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the Company to continue as a going concern and therefore considers it both appropriate to continue to adopt the going concern basis in preparing the Company's financial statements and to not recognise any adjustments in the financial statements that would arise if the going concern basis were to become no longer appropriate.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities; with said financial assets and liabilities classified in accordance with the substance of the underlying contractual obligations rather than its legal form.
 
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SPECIFIC PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

2.Accounting policies (continued)


2.4
Financial instruments (continued)

Financial assets and liabilities are recognised in the balance sheet upon becoming party to the contractual provisions of the instrument. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or the financial asset is transferred along with substantially all the risks and rewards of ownership of the asset to another party. Financial liabilities are derecognised only when the Company’s obligations are discharged, cancelled or expired.
The measurement of specific financial assets, financial liabilities and equity is as outlined below:
Cash and cash equivalents
Cash balances are reported by the Company as being financial instruments classified as short term receivables and are represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Creditors
Creditors deemed to be short term in nature are initially measured, and subsequently held, at transaction price (i.e fair value). The Company held no creditors deemed not to be short term in nature.
Equity
Ordinary share capital, shown in equity, is initially measured at transaction price. There were no costs directly attributable to ordinary share capital issued by the Company.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, the director is required to apply judgment and make estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other available sources based on historical experience and other factors that are considered to be relevant. Consequently, actual results may differ from that originally estimated.
In the opinion of the director, there were no judgments, estimates and/or assumptions made in applying the principal accounting policies, outlined in note 2 of these financial statements, towards the preparation of these financial statements that may be considered as having a significant risk of causing a material adjustment to the carrying amount of assets and/or liabilities carried forward as at the balance sheet date where by which the actual future outcome observed may differ from that originally determined and reported.


4.


Employees

The average monthly number of employees, including directors, during the year was 0 (2019 - 0).
In accordance with UK legislation, office holders (i.e. registered company directors or secretaries) of the Company are not employees of the Company on the grounds that they are not party to a contract with the Company that meets the criteria for status of an employee.

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SPECIFIC PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

5.


Cash and cash equivalents

2020
2019
£
£

Cash at bank and in hand
33
33



6.


Creditors: Amounts falling due within one year

2020
2019
£
£

Amounts owed to group undertakings
3,496
3,496

3,496
3,496


Amounts owed to group undertakings are unsecured, interest-free and are repayable on demand with no fixed date of repayment.


7.


Financial instruments

The Company held no financial instruments during either the current or preceding financial reporting periods that would require specific disclosure under sections 1.12, 11 or 12 of Financial Reporting Standard 102 and/or paragraph 36 of Schedule 1 to the UK Companies Act.


8.


Related party transactions

The Company has taken advantage of exemptions provided by Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions undertaken or balances carried forward as at the balance sheet date between the Company and its fellow wholly-owned group undertakings.
Outstanding aggregated balances with the Company's fellow wholly-owned group undertakings as at the balance sheet date are disclosed within note 5 of these financial statements.
There were no other related party transactions and/or period end balances to report in accordance with the UK Companies Act 2006 and Section 1A of Financial Reporting Standard 102 as part of these financial statements.


9.


Controlling party

The immediate parent company is Specific Events Limited, a company incorporated under the UK Companies Act 1985, which holds a 100% interest in the issued share capital of the Company.
Specific Events Limited, whose registered office address is Regina House, 124 Finchley Road, London, NW3 5JS, is the parent undertaking of the smallest group to consolidate these financial statements.
Copies of consolidated group financial statements for Specific Events Limited are not publicly available on the grounds of exemption available under the Companies Act 2006 for small groups and companies.

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