Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-3122021-04-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12004779 2022-03-31 12004779 2021-04-01 2022-03-31 12004779 2020-04-01 2021-03-31 12004779 2021-03-31 12004779 c:Director1 2021-04-01 2022-03-31 12004779 c:Director2 2021-04-01 2022-03-31 12004779 c:RegisteredOffice 2021-04-01 2022-03-31 12004779 d:Buildings d:ShortLeaseholdAssets 2021-04-01 2022-03-31 12004779 d:Buildings d:ShortLeaseholdAssets 2022-03-31 12004779 d:Buildings d:ShortLeaseholdAssets 2021-03-31 12004779 d:FurnitureFittings 2021-04-01 2022-03-31 12004779 d:FurnitureFittings 2022-03-31 12004779 d:FurnitureFittings 2021-03-31 12004779 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 12004779 d:ComputerEquipment 2021-04-01 2022-03-31 12004779 d:ComputerEquipment 2022-03-31 12004779 d:ComputerEquipment 2021-03-31 12004779 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 12004779 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 12004779 d:CurrentFinancialInstruments 2022-03-31 12004779 d:CurrentFinancialInstruments 2021-03-31 12004779 d:Non-currentFinancialInstruments 2022-03-31 12004779 d:Non-currentFinancialInstruments 2021-03-31 12004779 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12004779 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 12004779 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 12004779 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 12004779 d:ShareCapital 2022-03-31 12004779 d:ShareCapital 2021-03-31 12004779 d:RetainedEarningsAccumulatedLosses 2022-03-31 12004779 d:RetainedEarningsAccumulatedLosses 2021-03-31 12004779 c:FRS102 2021-04-01 2022-03-31 12004779 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 12004779 c:FullAccounts 2021-04-01 2022-03-31 12004779 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure
Company registration number: 12004779







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2022


WORK.LIFE HOLBORN LIMITED






































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WORK.LIFE HOLBORN LIMITED
 


 
COMPANY INFORMATION


Directors
E. E. Gold 
D. J. Kosky 




Registered number
12004779



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 HOLBORN LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6

 


WORK.LIFE HOLBORN LIMITED
REGISTERED NUMBER:12004779



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2022

As restated
2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
520,780
598,179

  
520,780
598,179

Current assets
  

Debtors: amounts falling due within one year
 5 
933,627
202,762

Cash at bank and in hand
  
73,195
262,499

  
1,006,822
465,261

Creditors: amounts falling due within one year
 6 
(1,120,118)
(1,146,074)

Net current liabilities
  
 
 
(113,296)
 
 
(680,813)

Total assets less current liabilities
  
407,484
(82,634)

Creditors: amounts falling due after more than one year
 7 
(557,727)
(388,921)

  

Net liabilities
  
(150,243)
(471,555)

Page 1

 


WORK.LIFE HOLBORN LIMITED
REGISTERED NUMBER:12004779


    
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
  
2
2

Profit and loss account
  
(150,245)
(471,557)

  
(150,243)
(471,555)


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 6 form part of these financial statements.
Page 2

 


WORK.LIFE HOLBORN LIMITED
 


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

1.


General information

Work.Life Holborn 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 existence, 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 HOLBORN 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 2 (2021 - 2).

Page 4

 


WORK.LIFE HOLBORN 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 (as restated)
382,359
213,859
109,533
705,751


Additions
32,330
16,746
595
49,671



At 31 March 2022

414,689
230,605
110,128
755,422



Depreciation


At 1 April 2021 (as restated)
33,808
50,232
23,532
107,572


Charge for the year
40,513
55,968
30,589
127,070



At 31 March 2022

74,321
106,200
54,121
234,642



Net book value



At 31 March 2022
340,368
124,405
56,007
520,780



At 31 March 2021 (as restated)
348,551
163,627
86,001
598,179




5.


Debtors

2022
2021
£
£


Trade debtors
51,222
33,800

Amounts owed by group undertakings
668,272
65,802

Other debtors
214,133
103,160

933,627
202,762


Page 5

 


WORK.LIFE HOLBORN LIMITED
 


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

6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
105,170
116,072

Amounts owed to group undertakings
558,025
687,219

Other taxation and social security
51,782
21,644

Other creditors
405,141
321,139

1,120,118
1,146,074



7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Other creditors
557,727
388,921

557,727
388,921



8.


Leasing agreements

Minimum lease payments under non-cancellable operating leases at the reporting date were £7,184,235 (2021: £8,005,597).


9.


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.

10.


Prior year adjustment

During the course of preparing these financial statements, the directors identified that tangible fixed assets 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 to decrease the net book value of tangible fixed assets by £2,405 at 31 March 2021, with the corresponding entry being made to the profit and loss account.
This adjustment has reduced the profit and loss account brought forward at 1 April 2021 by £2,405 but has not impacted tax payable.

 
Page 6