Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31false2021-04-01falseNo description of principal activity5348trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09417764 2021-04-01 2022-03-31 09417764 2020-04-01 2021-03-31 09417764 2022-03-31 09417764 2021-03-31 09417764 c:Director1 2021-04-01 2022-03-31 09417764 c:Director2 2021-04-01 2022-03-31 09417764 c:RegisteredOffice 2021-04-01 2022-03-31 09417764 d:Buildings d:ShortLeaseholdAssets 2021-04-01 2022-03-31 09417764 d:Buildings d:ShortLeaseholdAssets 2022-03-31 09417764 d:Buildings d:ShortLeaseholdAssets 2021-03-31 09417764 d:FurnitureFittings 2021-04-01 2022-03-31 09417764 d:FurnitureFittings 2022-03-31 09417764 d:FurnitureFittings 2021-03-31 09417764 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 09417764 d:ComputerEquipment 2021-04-01 2022-03-31 09417764 d:ComputerEquipment 2022-03-31 09417764 d:ComputerEquipment 2021-03-31 09417764 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 09417764 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 09417764 d:CurrentFinancialInstruments 2022-03-31 09417764 d:CurrentFinancialInstruments 2021-03-31 09417764 d:Non-currentFinancialInstruments 2022-03-31 09417764 d:Non-currentFinancialInstruments 2021-03-31 09417764 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09417764 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 09417764 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09417764 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 09417764 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 09417764 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-03-31 09417764 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 09417764 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-03-31 09417764 d:ShareCapital 2022-03-31 09417764 d:ShareCapital 2021-03-31 09417764 d:RetainedEarningsAccumulatedLosses 2022-03-31 09417764 d:RetainedEarningsAccumulatedLosses 2021-03-31 09417764 c:FRS102 2021-04-01 2022-03-31 09417764 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 09417764 c:FullAccounts 2021-04-01 2022-03-31 09417764 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure
Company registration number: 09417764







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2022


WORK.LIFE CAMDEN LIMITED






































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WORK.LIFE CAMDEN LIMITED
 


 
COMPANY INFORMATION


Directors
E. E. Gold 
D. J. Kosky 




Registered number
09417764



Registered office
Waverley House
9 Noel Street

London

W1F 8GQ




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


WORK.LIFE CAMDEN LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


WORK.LIFE CAMDEN LIMITED
REGISTERED NUMBER:09417764



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2022

As restated
2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
202,087
253,730

  
202,087
253,730

Current assets
  

Debtors: amounts falling due within one year
 5 
547,088
500,415

Cash at bank and in hand
  
61,162
352,392

  
608,250
852,807

Creditors: amounts falling due within one year
 6 
(406,917)
(693,568)

Net current assets
  
 
 
201,333
 
 
159,239

Total assets less current liabilities
  
403,420
412,969

Creditors: amounts falling due after more than one year
 7 
(167,422)
(176,862)

  

Net assets
  
235,998
236,107

Page 1

 


WORK.LIFE CAMDEN LIMITED
REGISTERED NUMBER:09417764


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2022

As restated
2022
2021
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
9
9

Profit and loss account
  
235,989
236,098

  
235,998
236,107


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 income and retained earnings 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: 




E. E. Gold
Director

Date: 26 August 2022

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


WORK.LIFE CAMDEN LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Work.Life Camden Limited is a private company, limited by shares and registered in England and Wales. The company's registered number and office address can be found on the company information page.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Potential sources of uncertainty noted by the directors include the COVID-19 pandemic. However at the date of this report it is not possible to reliably determine the effects that this will have on the company.
The directors and shareholders have indicated their present intention to provide adequate finance to enable the company to continue in operational existance, and on this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

 
2.3

Revenue

Turnover is in relation to income received from office workspace rentals and property management. 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.

 
2.4

Hire purchase and lease commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
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 Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 


WORK.LIFE CAMDEN LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
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.

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:

Leasehold improvements
-
Straight line over 10 years
Fixtures and fittings
-
Straight line over 4 years
Computer equipment
-
Straight line over 4 years

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

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 53 (2021 - 48).

Page 4

 


WORK.LIFE CAMDEN LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Tangible fixed assets





Leasehold improvements
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2021
419,215
177,436
59,595
656,246


Additions
3,324
10,878
4,236
18,438


Disposals
-
-
(516)
(516)



At 31 March 2022

422,539
188,314
63,315
674,168



Depreciation


At 1 April 2021
217,965
134,791
49,760
402,516


Charge for the year
42,037
21,841
5,719
69,597


Disposals
-
-
(32)
(32)



At 31 March 2022

260,002
156,632
55,447
472,081



Net book value



At 31 March 2022
162,537
31,682
7,868
202,087



At 31 March 2021
201,250
42,645
9,835
253,730




5.


Debtors

2022
2021
£
£


Trade debtors
6,876
874

Amounts owed by group undertakings
525,715
498,302

Other debtors
14,497
1,239

547,088
500,415


Page 5

 


WORK.LIFE CAMDEN LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

6.


Creditors: Amounts falling due within one year

As restated
2022
2021
£
£

Bank loans
9,646
5,520

Trade creditors
22,640
37,417

Amounts owed to group undertakings
266,604
504,669

Other taxation and social security
-
2,101

Obligations under finance lease and hire purchase contracts
11,667
-

Other creditors
96,360
143,861

406,917
693,568



7.


Creditors: Amounts falling due after more than one year

As restated
2022
2021
£
£

Bank loans
34,834
44,480

Obligations under finance leases and hire purchase contracts
21,389
-

Other creditors
111,199
132,382

167,422
176,862


Page 6

 


WORK.LIFE CAMDEN LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

8.


Loans



2022
2021
£
£

Amounts falling due within one year

Bank loans
9,646
5,520


9,646
5,520


Amounts falling due 2-5 years

Bank loans
34,834
40,073


34,834
40,073

Amounts falling due after more than 5 years

Bank loans
-
4,407

-
4,407

44,480
50,000


Included in bank loans is a CBIL loan of £50,000 which was fully drawn down in August 2020 and carries fixed interest at 2.5%. The balance of £50,000 is repayable in 60 equal monthly instalments. There was a 12 month capital and interest holiday from drawdown date, and therefore interest and capital repayments did not begin until September 2021. The balance at the year end was £44,480 (2021: £50,000).


9.


Leasing agreements

Minimum lease payments under non-cancellable operating leases at the reporting date were £1,562,513 (2021: £1,806,996).


10.


Parent company

The company's parent entity is Work.Life Holdings Limited, a company incorporated in the UK, it's registered address is Waverley House, 9 Noel Street, London, W1F 8GQ.


11.


Prior year adjustment

During the course of preparing these financial statements, the directors identified that creditors: amounts falling due
within one year had been overstated in the 2021 financial statements and the correction of this has resulted in a prior year adjustment.
An adjustment has been made at 31 March 2021 to reduce creditors: amounts falling due within one year and to increase creditors: amounts falling due after more than one year by £44,480.
This adjustment has not had an impact on tax nor the profit and loss account.

 
Page 7